2026 DWOA Proposed Budget.pdf

DWOA Proposed Budget Long Version 2026 REVENUE Projected 2026 Actual Budget 2025 SID Assessments $ 150,000.00 $ 130,661.40 $ 135,000.00 Township Contribution Cash $ 67,809.00 $ 67,809.00 $ 65,809.00 Township Contribution In-Kind $ 28,000.00 $ 28,000.00 $ 28,000.00 Prior year Surplus $ 5,000.00 $ 15,000.00 $ 5,000.00 Fundraising Income Fall Event $ 5,000.00 $ - $ 5,000.00 Fundraising Efforts all other events $ 20,000.00 $ 25,100.00 $ 30,000.00 Transformation Strategie MSNJ $ 72,189.00 $ 72,189.00 Interest Income $ 300.00 $ 600.00 $ 100.00 Total Revenue $ 348,298.00 $ 339,359.40 $ 268,909.00 EXPENSES Administrative Executive Director Salary $ 66,950.00 $ 60,000.00 $ 65,000.00 Executive Director Health Ins Payment $ 5,000.00 $ 5,000.00 $ 5,000.00 Administrative Assistant $ 30,900.00 $ 30,000.00 $ 30,000.00 Payroll Fees $ 1,250.00 $ 1,126.00 $ 1,000.00 Employer Payroll Taxes $ 9,000.00 $ 7,957.50 $ 10,000.00 Office Operations $ 6,000.00 $ 8,812.00 $ 6,000.00 Total Administrative $ 119,100.00 $ 112,895.50 $ 117,000.00 Rent/In Kind $ 12,000.00 $ 12,000.00 $ 12,000.00 Utilities/In Kind $ 1,800.00 $ 1,800.00 $ 1,800.00 Telephone/In Kind $ 3,500.00 $ 3,500.00 $ 3,500.00 General Office/In Kind $ 6,500.00 $ 6,500.00 $ 6,500.00 Postage/In Kind $ 4,200.00 $ 4,200.00 $ 4,200.00 Total In-kind $ 28,000.00 $ 28,000.00 $ 28,000.00 Total Admin. & Office Oper. & In-Kind $ 147,100.00 $ 140,895.50 $ 145,000.00 Economic Development Business Retention $ 4,000.00 $ 295.00 $ 3,909.00 Total Economic Development $ 4,000.00 $ 295.00 $ 3,909.00 Insurance & Professional Services Directors & Officers $ 1,850.00 $ 1,125.37 $ 1,500.00 Disability/Workman's Comp $ 550.00 $ 557.00 $ 500.00 Accountant/Auditor $ 13,000.00 $ 12,500.00 $ 3,000.00 Total Insurance & Professional Services $ 15,400.00 $ 14,182.37 $ 5,000.00

DWOA Proposed Budget Long Version 2026 2026 Proposed Actual 2025 Budget Marketing & Promotions Marketing Vendor/Visit WO Campaign $ 14,000.00 $ 8,394.49 $ 15,000.00 Mobile Ap $ 5,000.00 $ 2,000.00 $ 3,000.00 Website Design/Hosting & MS Office $ 6,000.00 $ 6,912.00 $ 3,000.00 Street Fair $ 19,500.00 $ 16,691.51 $ 19,500.00 Downtown Thursday $ 8,948.00 $ 7,142.25 Holiday Open House $ 6,000.00 $ 6,388.00 $ 6,000.00 Social Media Bus Promo/Newsletter $ 7,600.00 $ 2,612.98 $ 7,600.00 WO Chronicle, TAP & Other Print $ 1,000.00 $ 925.00 $ 1,000.00 Shop WO Card $ - $ - $ - Business Support & Restaurant Promo $ 2,650.00 $ 981.61 $ 2,650.00 Fall Fundraiser Event $ 3,000.00 $ - $ 5,000.00 Other Promotion Items $ 1,500.00 $ 435.00 $ 1,500.00 Total Marketing & Promotions $ 75,198.00 $ 52,482.84 $ 64,250.00 Organization Community Events- OSPAC, WOCC $ 100.00 $ 100.00 $ 100.00 Dues & Subscriptions $ 1,000.00 $ 749.50 $ 1,000.00 Main Street NJ/National Conference $ 5,000.00 $ 3,702.42 $ 5,000.00 Trade Shows/Seminars $ 500.00 $ 694.00 $ 500.00 Total Organization $ 6,600.00 $ 5,245.92 $ 6,600.00 Visual Improvement Banners - Spring & Hometown Heros $ 5,000.00 $ 7,373.68 $ 3,100.00 Design Improvements/Signs $ 5,000.00 $ 28,987.00 $ 1,000.00 Capital Expense $ 15,000.00 $ 17,462.70 $ 3,338.00 Façade Grant Program $ 20,000.00 $ 17,775.00 $ 10,000.00 Holiday Decorations $ 19,500.00 $ 18,716.78 $ 16,712.00 Landscaping, Planters, Garbage $ 10,500.00 $ 46,874.86 $ 10,000.00 Litter Patrol $ 25,000.00 $ 20,600.00 $ 20,000.00 Total Visual Improvement $ 100,000.00 $ 157,790.02 $ 64,150.00 Total Expenses $ 348,298.00 $ 370,891.65 $ 288,909.00 In-Kind $ (28,000.00) $ (28,000.00) $ (28,000.00) Total Estimated Budget $ 320,298.00 $ 342,891.65 $ 260,909.00