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Staff report for action on 2011 BIA Operating Budgets: Report No. 1 1

STAFF REPORT ACTION REQUIRED

Business Improvement Areas (BIAs) – 2011 Operating Budgets - Report No. 1

Date: January 17, 2011

To: Economic Development Committee

From: Deputy City Manager and Chief Financial Officer

Wards: All

Reference Number:

P:\2011\Internal Services\FP\ed11001fp (AFS#12989)

SUMMARY

This report brings forward Business Improvement Area (BIA) annual operating budgets for approval by Council as required by the City of Toronto Act, 2006. Council approval is required to permit the City to collect funds through the tax levy on behalf of the BIAs.

Complete budgets and supporting documentation received by November 30, 2010 have been reviewed and are reported herein; BIA Operating Budgets received after this date will be brought forward in later reports. Of the 71 established BIAs, 36 BIA budgets are submitted for approval in this report.

The recommendations reflect 2011 Operating Budgets approved by the respective BIAs’ Boards of Management and have been reviewed by City staff to ensure BIA budgets reflect Council’s approved policies and practices.

RECOMMENDATIONS

The Deputy City Manager and Chief Financial Officer recommends that:

1. the Economic Development Committee adopt and certify to City Council the 2011 recommended expenditures and levy requirements of the following Business Improvement Areas:

Business Improvement Area 2011 Expenditure Estimates

2011 Levy Funds Required


($) ($) Albion-Islington 248,104

184,430

Bloor Annex 114,139

110,692

Bloor by the Park 82,500

82,500

Bloorcourt Village 157,694

140,076

Bloor Street 3,041,938

1,650,000

Bloor-Yorkville 1,992,895

1,814,943

Chinatown 287,081

206,643

Corso Italia 322,548

248,856

Crossroads of the Danforth 78,115

65,925

Dovercourt Village 17,578

6,778

Downtown Yonge 2,518,127

2,393,542

Gerrard India Bazaar 221,760

137,338

Greektown on the Danforth 1,238,226

425,876

Harbord Street 21,686

20,174

Kennedy Road 324,425

243,927

Korea Town 121,300

65,964

Lakeshore Village 75,049

60,321

Little Portugal 79,625

49,668

Mimico Village 24,213

19,780

Mirvish Village 28,299

0

Mount Pleasant 262,870

148,996

Pape Village 71,704

67,093

Queen Street West 235,211

197,975

Riverside District 163,420

137,026

Roncesvalles Village 367,460

167,199

Rosedale Main Street 381,778

276,849

Sheppard East Village 222,953

99,475

The Beach 257,973

230,893

The Danforth 336,991

273,455

The Eglinton Way 285,533

251,669

The Kingsway 428,751

360,930

The Waterfront 876,577

690,577

Toronto Entertainment District 2,109,204

1,795,304

Uptown Yonge 118,297

115,360

Village of Islington 177,850

95,641

Yonge-Lawrence Village 223,045

191,196

FINANCIAL IMPACT

No City funding is required since financing of Business Improvement Area budgets is raised by a special levy on members which totals $13,027,071 in this report.

All of the 2011 BIA operating budgets submitted for consideration are balanced budgets. The appeal provision surplus or appeal provision deficit for each BIA, as determined by the Revenue Services Division, has been addressed by the BIA and incorporated into


their 2011 Operating Budget. The BIA budgets have provisions for required capital cost-sharing contributions for those projects approved in 2010 or prior and carried forward into 2011, as well as new capital cost-share projects included in the 2011 Recommended Capital Budget for Economic Development and Culture.

DECISION HISTORY

BIA Operating Budget Process:

The City of Toronto Municipal Code Chapter 19 and the City of Toronto Act, 2006 require that BIA operating budgets be approved by Council. General membership and Board of Management meetings at which the BIA 2011 budgets were approved are set out below:

Business Improvement Area Approved by Board of Management

Approved by Membership

Albion-Islington October 24, 2010 November 10, 2010 Bloor Annex November 9, 2010 November 9, 2010 Bloor by the Park October 13, 2010 October 19, 2010 Bloorcourt Village October 12, 2010 November 8, 2010 Bloor Street September 29, 2010 November 2, 2010 Bloor-Yorkville September 29, 2010 November 2, 2010 Chinatown September 1, 2010 October 6, 2010 Corso Italia October 26, 2010 October 26, 2010 Crossroads of the Danforth October 14, 2010 October 14, 2010 Dovercourt Village October 13, 2010 October 13, 2010 Downtown Yonge September 28, 2010 November 10, 2010 Gerrard India Bazaar August 3, 2010 November 10, 2010 Greektown on the Danforth September 15, 2010 September 30, 2010 Harbord Street October 20, 2010 November 10, 2010 Kennedy Road October 20, 2010 October 27, 2010 Korea Town August 17, 2010 September 30, 2010 Lakeshore Village October 6, 2010 November 2, 2010 Little Portugal October 6, 2010 November 3, 2010 Mimico Village October 5, 2010 November 9, 2010 Mirvish Village September 7, 2010 October 16, 2010 Mount Pleasant September 21, 2010 November 1, 2010 Pape Village October 13, 2010 November 2, 2010 Queen Street West October 26, 2010 November 17, 2010 Riverside District November 3, 2010 November 25, 2010 Roncesvalles Village October 20, 2010 October 27, 2010 Rosedale Main Street September 22, 2010 October 13, 2010 Sheppard East Village September 15, 2010 October 26, 2010 The Beach September 20, 2010 October 20, 2010 The Danforth October 18, 2010 October 18, 2010


The Eglinton Way September 1, 2010 October 6, 2010 The Kingsway October 13, 2010 November 15, 2010 The Waterfront November 25, 2010 November 25, 2010 Toronto Entertainment District October 13, 2010 November 18, 2010 Uptown Yonge October 14, 2010 November 3, 2010 Village of Islington August 4, 2010 October 6, 2010 Yonge-Lawrence Village August 10, 2010 October 27, 2010

Appendix A includes a summary of the BIA budgets discussed in this report, including a calculation of their net levy requirements. Appendix B sets out the status of 2011 BIA operating budget submissions.

Appeal Provision Review:

On July 30, 2002, City Council adopted a report entitled “Issues Related to Business Improvement Associations (BIA)”. Among other items, the Finance Department (currently the Revenue Services Division) was directed to conduct an annual review and analysis of the assessment appeal provision for each BIA, in order to determine if the provision is sufficient to meet expected revenue reductions from pending assessment appeals.

The assessment appeal provision is intended to protect the cash flows and revenues required by the BIAs to meet its operating obligations in the future, rather than the BIAs directly compensating the City for assessment appeal reductions. The appeal provision provides a contingency, which is used to offset appeal reductions.

The result of the assessment appeal provision review and analysis for the individual BIA as of August 3, 2010 identified either a provision surplus or provision deficit. Since the appeal provisions are held by the City, any 2010 appeal provision surpluses will be returned to the respective BIAs in 2011, and any appeal provision deficits must be funded through the respective BIA’s 2011 levy. Therefore, each BIA is required to address the identified surplus or deficit amount within its respective operating budget for the following fiscal year. The recommended 2011 BIA Operating Budgets reflect the disposition of the resultant provision surplus or deficit accordingly.

BIA Capital Cost-Share Project Funding:

On July 22, 2003, City Council adopted a report entitled “Business Improvement Area (BIA) Capital Cost-Sharing Program Review” approving the BIA Capital Cost-Sharing Program Guidelines. This program is part of the Economic Development and Culture annual Capital Budget. The program guidelines set out eligibility criteria that BIAs must satisfy in order to participate in the BIA Capital Cost-Sharing Program, including one criteria which requires the availability of the BIA’s share of funding. Prior to making a capital cost-sharing request, the BIA must have in place its share of the project funding (50 percent). If the project is to be phased-in over a period of years, the BIA must have in place 50 percent of the cost of each individual phase prior to making a capital request


for matching funds for that phase. For the purposes of this requirement, the BIA will be allowed to include capital funding to be budgeted for the year in which the capital project is to take place. Another eligibility criteria is that the BIA must have an operating budget, adopted at a general meeting of the BIA and approved by Council, for the year the project is to be implemented.

A review of each of the BIA’s 2011 Operating Budget’s supporting documentation by the BIA Office and Financial Planning Division staff shows that those BIAs with capital cost-share projects approved by the City in 2010 or prior and carried forward into 2011, and new capital projects recommended in the 2011 Economic Development and Culture Capital Budget, have all met the program eligibility criteria of having in place its 50 percent share of the project funding. This share may be reflected in the BIA’s prior years’ accumulated surplus (cash in-hand reserved for specific capital cost-share projects) and/or shown as a capital expenditure item in the BIA’s 2011 Operating Budget.

COMMENTS

The Albion-Islington BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 24, 2010 and its general membership on November 10, 2010. The increased budget reflects the BIA's priorities to continue with Phase 2 of the year round lighting capital cost-shared project, plus implement Phase 1 of the streetscape improvement Master Plan for median enhancements, and to have more year round promotional events and a bigger street festival. The balanced budget consists of $248,104 in expenditures, and the same amount in revenues comprised of a BIA levy of $184,430, anticipated sponsorships of $15,000 to offset part of the costs of the Fusion of Taste Festival, a grant of $2,000 from the City’s Community Festivals and Special Events Investment Program for this event, GST/HST recoveries of $2,000 and interest income of $150. In addition, the BIA will use $37,000 of accumulated funds earmarked for capital cost-shared projects and the appeal provision surplus of $7,524 that the City is returning to the BIA. Budgeted expenditures include $88,850 for marketing, promotion and advertising initiatives; $65,000 for the aforementioned capital cost-shared projects; $16,866 for capital maintenance; and $60,622 for general BIA administration and the services of a full-time BIA coordinator. A 2010 projected operating surplus of $12,000 from more sponsorship revenues and GST/HST recoveries will be saved for future capital cost-shared projects. It is recommended that the Albion-Islington BIA’s 2011 budget of expenditures totalling $248,104 and a BIA levy of $184,430 be approved.

The Bloor Annex BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management and its general membership on November 9, 2010. The BIA proposes a balanced budget of capital and operating expenditures totalling $114,139 that is 5.5% higher than in 2010, which will be funded by revenues from a 4.6% increase in the levy requirement to $110,692, the appeal provision surplus of $3,147, and GST/HST recoveries of $300. The incremental levy requirement will fund higher BIA administration expenses and more BIA coordinator resource, and increased capital maintenance, for flowers and floral care for the planters. The budgets for advertising and promotion remain the same as in 2010. Phase 2 of the clamp-on pedestrian lighting


capital cost-shared project will be implemented in 2011. The BIA is projecting an operating deficit of $3,058 in 2010 due to increased capital maintenance costs. The operating deficit will be funded from the BIA’s accumulated surplus funds. It is recommended that the Bloor Annex BIA’s 2011 budget of gross expenditures totalling $114,139 and a BIA levy of $110,692 be approved.

The Bloor by the Park BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 13, 2010 and its general membership on October 19, 2010. The proposed budget of $82,500 in capital and operating expenditures will require an 18% increase in the BIA levy to $82,500. The incremental levies will be reserved for future capital cost-shared projects, while the balance will go towards funding increased capital maintenance, increase advertising and promotional initiatives and maintain ongoing general BIA administration. A projected 2010 operating surplus of $15,585 resulting from postponed advertising and promotion initiatives will be reallocated towards future capital cost-shared projects. It is recommended that the Bloor by the Park BIA’s 2011 budget of expenditures totalling $82,500 and a BIA levy of $82,500 be approved.

The Bloorcourt Village BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 12, 2010 and its general membership on November 8, 2010. The proposed budget reflects the BIA's 2011 priorities to hire a BIA coordinator and implement the streetscape recommendations. The balanced budget with expenditures of $157,694 will be funded by revenues from a BIA levy of $140,076; the appeal provision surplus of $5,868 that the City is returning to the BIA; an anticipated grant of $5,000 from the City’s Mural Program for a mural project; $6,500 in GST/HST recoveries and $250 of interest income. The proposed budget provides funding for marketing and promotional events such as the BIG on Bloor street festival; new banners and a mural; increased capital maintenance; an administrator to implement various projects and general BIA administration. An operating surplus of $13,562 is forecasted in 2010 resulting from a downsized summer festival. It is recommended that the Bloorcourt Village BIA’s 2011 budget of expenditures totalling $157,694 and a BIA levy of $140,076 be approved.

The Bloor Street BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on September 29, 2010 and its general membership on November 2, 2010. The 2011 budget consists of a special levy of $1,650,000 on the Bloor Street BIA members for the Bloor Street Transformation Project (BSTP). As well, the Bloor-Yorkville BIA will make an annual contribution of $250,000 towards the project. From the 2011 levies, $150,000 or 10% of the BIA levy will go towards the provision for assessment appeal reductions that is held by the City, and $990,872 towards repayment of the loan and interest as per the payment schedule in the Agreement for repayment of recoverable debt and agreed financing of the BSTP signed on June 25, 2008. The Agreement also calls for an annual contribution of $30,000 to the BSTP Maintenance Reserve Fund held by the City for future repairs/replacement of the granite pavers. Other budgeted capital expenditures include ongoing design fees, project and construction management fees, and consultant fees for installation of artwork that amounts to


$372,000 and additional granite work costing $500,000. With the installation of additional granite planters, an increased budget of $390,000 is required to complete Phases 1 and 2 of the planting program in 2011. Upon completion of the BSTP project, the BIA will be having a grand opening event estimated to cost $450,000. In order to provide a balanced budget and meet obligations, the BIA will use $1,138,938 of prior years’ levies on hand. These funds, together with Bloor-Yorkville BIA’s contribution, will go towards funding final BSTP project details, a grand opening party, ongoing advertising, flowers and floral care for the planters, administrative expenses and address the appeal provision deficit of $54,066. It is recommended that the Bloor Street BIA’s 2011 budget of expenditures of $3,041,938 and a BIA levy of $1,650,000 be approved.

The Bloor-Yorkville BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on September 29, 2010 and its general membership on November 2, 2010. The proposed budget reflects the BIA's focus on ongoing beautification and promotion of the Bloor-Yorkville commercial neighbourhood. The key focus of the organization is to run events and promotions to draw people to the area, as well as maintaining and improving the area, so that it is attractive and welcoming to visitors. The proposed budget of expenditures for general BIA administration, capital maintenance, marketing, advertising and promotion is similar to 2010 budget levels. Planned capital cost-shared projects to be undertaken in 2011 include the implementation of Phase 2 of the granite benches project and installation of custom bike rings. Since the Bloor-Yorkville BIA is committed to contributing $5.0 million to the Bloor Street Transformation Project (BSTP) over 20 years, included in the 2011 budget of capital expenditures is the BIA’s annual contribution of $250,000 towards the BSTP. To fund the gross expenditures that total $1,992,895 and produce a balanced budget of expenses and revenues, the BIA proposes to increase the levy requirement by 5% to $1,814,943. The levy increase compensates for the smaller appeal provision surplus of $45,094 that the City is returning to the BIA in 2011. To limit the BIA levy increase to 5% and to fund the two capital cost-shared projects, the BIA will use $79,858 of prior year's surplus funds. In addition, the BIA expects other revenues including $50,000 in sponsorships of events and $3,000 of interest income. The BIA is projecting an operating surplus of $118,612 in 2010, resulting from higher than expected sponsorship revenue and underspending in all areas. It is recommended that the Bloor-Yorkville BIA’s 2011 budget of gross expenditures totalling $1,992,895 and a BIA levy of $1,814,943 be approved.

The Chinatown BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on September 1, 2010 and its general membership on October 6, 2010. The BIA proposes a balanced budget having capital and operating expenditures totalling $287,081 and the same amount in revenues comprised of a levy requirement of $206,643, the appeal provision surplus of $9,938 that will be returned to the BIA, Toronto Chinatown Festival sponsorships of $40,000 and other revenues of $8,000. The expenditure budget reflects the BIA's ongoing initiatives, including the Cavalcade of Lights, security, pest control and the Toronto Chinatown Festival. As well, the BIA plans to install anti-graffiti pole sleeves throughout Chinatown; this capital cost-shared project was deferred from 2010 to 2011. The 2011 budget for the Toronto Chinatown Festival is


now broken out between festival revenue and festival expenses, to be compliant with proper accounting practices, whereas prior years' budgets and actuals showed only a net budget for the festival. An operating surplus of $21,165 is projected in 2010, mainly resulting from the deferral of the capital project. The $22,500 in funds for this anti-graffiti pole sleeves project is being carried forward into 2011. It is recommended that the Chinatown BIA’s 2011 budget of expenditures totalling $287,081 and a BIA levy of $206,643 be approved.

The Corso Italia BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management and its general membership both held on October 26, 2010. The 2011 proposed budget reflects the BIA's priorities to undertake new and continue projects that will bring shoppers back to St. Clair Corso Italia, from beautification to graffiti removal, to have seasonal events on relevant dates of the year, to embellishment of the streetscape and make it more attractive to consumers going to shop or simply walking about in the St. Clair Corso Italia area. The 2011 proposed budget of $322,548 in expenditures is $51,000 or 19% greater than in 2010. Budget allocations include $43,650 for general BIA administration as more BIA coordinator services will be required; $33,000 for streetscape improvement capital cost-shared projects such as banner and hanging basket hardware, flower planters and gateway features; $10,000 for new banners; $58,975 for increased capital maintenance and graffiti removal; $139,300 for marketing, increased advertising and seasonal promotional events and festivals; and $15,000 to develop a more relevant consumer oriented website. The BIA proposes to maintain the same levy as in 2010, but use $38,000 of accumulated funds earmarked for capital cost-shared projects and use the appeal provision surplus of $23,692 that the City is returning to the BIA in 2011, as well as $12,000 of GST/HST recoveries. A projected operating surplus of $55,291 is expected in 2010 resulting from the receipt of a $30,000 Shop St. Clair grant from the City and discontinuing the branding project. It is recommended that the Corso Italia BIA’s 2011 budget of expenditures totalling $322,548 and a BIA levy of $248,856 be approved.

The Crossroads of the Danforth BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management and its general membership both held on October 14, 2010. The BIA proposes a balanced budget having expenditures of $78,115 and revenues from a BIA levy requirement similar to that in 2010 and the appeal provision surplus of $3,888 that the City is returning. Other revenues anticipated include $1,129 in sponsor-ships of the BIA's summer festival and $7,173 in GST/HST recoveries. Proposed expenditures include $34,324 for general BIA administration; an increased budget of $19,210 for flowers, winter greenery and floral care, capital maintenance and graffiti removal; and $18,588 for increased advertising, marketing and an expanded Summer Festival promotional event. The proposed operating budget reflects the BIA’s priorities to improve the commercial vitality and viability of the area by expanding its existing commercial business base through organization and collaboration, identity branding and undertake new marketing initiatives and streetscape improvements. It is recommended that the Crossroads of the Danforth BIA’s 2011 budget of expenditures totalling $78,115 and a BIA levy of $65,925 be approved.


The Dovercourt Village BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management and its general membership both held on October 13, 2010. The proposed budget reflects the BIA's 2011 priority to implement solar pedestrian scale lighting, a capital cost-shared project. This project is funded in part by $10,000 of funds already accumulated for this purpose. The BIA proposes to maintain a similar levy as in 2010 to fund the capital project, capital maintenance, and general BIA administration. To provide a balanced budget, the BIA will utilize the appeal provision surplus of $600 and $200 of expected interest income. An operating surplus of $1,047 is forecasted at 2010 year-end from not producing a proposed newsletter; these funds will be saved for future capital cost-shared projects. It is recommended that the Dovercourt Village BIA’s 2011 budget of expenditures totalling $17,578 and a BIA levy of $6,778 be approved.

The Downtown Yonge BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on September 28, 2010 and its general membership on November 10, 2010. The proposed 2011 budget follows from the Board and BIA management team’s Strategic Plan; the budget seeks to continue the BIA’s core initiatives that focus on clean streets, safety, marketing, and streetscape improvements. At the same time, the budget also continues to focus on association management, research and information, and advocacy. The budget provides for increased investment in Downtown Yonge’s signature Winter Magic events during the holiday season, a critical time for retail and hospitality. Streetscape improvement projects include continuation of the pedestrian lighting project – final Phase IV; installation of trees and tree gratings, electrical service duct installations; and developing streetscape technical designs for the Victoria/Dundas Square area. Overall, the total levy of $2,393,542 represents an increase of $126,674 which is a 5.6% increase over the 2010 budget. Marketing revenues anticipated from event sponsorships and advertising, plus other income, totalling $77,536 will help offset some of the marketing and event costs. To provide a balanced budget, the BIA will utilize the appeal provision surplus of $47,049 that the City is returning in 2011. It is recommended that the Downtown Yonge BIA’s 2011 budget of expenditures totalling $2,518,127 and a BIA levy of $2,393,542 be approved.

The Gerrard India Bazaar BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on August 3, 2010 and its general membership on November 10, 2010. The balanced budget with expenditures of $221,760 will be funded by revenues from a BIA levy that is the same as in 2010; the appeal provision surplus of $10,122; anticipated festival sponsorships of $70,000; and other revenues of $4,300. The proposed budget provides for marketing and numerous promotional events/festivals including the BIA's signature event, Festival of South Asia; new banners; ongoing capital maintenance and graffiti removal; and general BIA administration. It is recommended that the Gerrard India Bazaar BIA’s 2011 budget of expenditures totalling $221,760 and a BIA levy of $137,338 be approved.

The Greektown on the Danforth BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on September 15, 2010 and its general membership on September 30, 2010. The BIA proposes to maintain the same levy as in 2010 to fund


operating expenses in 2011, and use $350,000 of accumulated funds earmarked for capital cost-shared projects to implement Phase 1 of the Streetscape Master Plan. Planned expenditures include increased general BIA administration spending driven by the necessity for additional BIA coordinator resources; capital cost-shared projects for pedestrian lights and streetscape improvements; allocating $15,000 to a capital reserve for future capital projects; ongoing capital maintenance and poster removal/parkette cleaning; increased advertising and marketing; and holding the same number of promotional and community events as in 2010. As recommended by the BIA’s auditor, the BIA budget separates out the total estimated revenue and expenditures for the Taste of the Danforth event; the 2011 budget for this signature event reflects 2010 actual expense and revenue levels. The BIA anticipates $325,000 in sponsorships, $32,000 in federal/ provincial grants and $30,000 in festival revenue to offset the costs of the very popular Taste of the Danforth Festival. To provide a balanced budget, the BIA also expects $15,000 of interest income, $20,000 of GST/HST recoveries and the appeal provision surplus of $40,350 that the City is returning to the BIA. The pedestrian lighting capital cost-shared project has been delayed but is anticipated to start in the Fall of 2010. It is recommended that the Greektown on the Danforth BIA’s 2011 budget of expenditures totalling $1,238,226 and a BIA levy of $425,876 be approved.

The Harbord Street BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 20, 2010 and its general membership on November 10, 2010. The BIA proposes a balanced budget consisting of $21,686 in expenditures and the same amount in revenues obtained from a BIA levy of $20,174 and the appeal provision surplus of $1,512 that the City will be returning to the BIA in 2011. Budget expenditures include $2,052 for general BIA administration; $750 for new flower pots, a non-cost-shared capital project; $8,450 for capital maintenance; and $8,600 for advertising, promotional events and the very popular Fall street festival – The Great Harbord Street Pumpkin Festival. It is recommended that the Harbord Street BIA’s 2011 budget of expenditures totalling $21,686 and a BIA levy of $20,174 be approved.

The Kennedy Road BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 20, 2010 and its general membership on October 27, 2010. The BIA proposes a balanced budget by maintaining the same levy as in 2010 to fund advertising and promotional initiatives, capital maintenance, an ongoing security program, general BIA administration, and continue with the boulevard streetscaping project. The planned capital cost-shared project deferred from 2010 to 2011 for the installation of median globe lights is funded by $50,000 already reserved for this purpose. To provide a balanced budget, the BIA expects other revenues of $9,000 from GST/HST recoveries, $7,000 of interest income, and the appeal provision surplus of $14,498 that the City is returning to the BIA. As a notation, in 2010 the Kennedy Road BIA had to draw on its accumulated surplus funds to make a $106,631 levy repayment to the City pertaining to a property that was incorrectly charged a BIA levy by the City for multiple years; this is reflected in the 2010 projected actual administration expense line. It is recommended that the Kennedy Road BIA’s 2011 budget of expenditures totalling $324,425 and a BIA levy of $243,927 be approved.


The Korea Town BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on August 17, 2010 and its general membership on September 30, 2010. The proposed budget supports the BIA's 2011 priorities of improving the streetscape with floral street planters and promoting the area's businesses through the enlarged Korean Dano Spring Festival. The budget of expenditures totalling $121,300 includes $24,449 for general BIA administration; $39,504 for increased capital maintenance; $50,000 for the Korean Dano Spring Festival event; and $1,350 for marketing. In addition to a levy requirement of $65,964, the BIA expects $50,000 in sponsorships of the Spring Festival, the appeal provision surplus of $3,236 that the City is returning, and other revenues of $2,100 to provide a balanced budget. It is recommended that the Korea Town BIA’s 2011 budget of expenditures totalling $121,300 and a BIA levy of $65,964 be approved.

The Lakeshore Village BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 6, 2010 and its general membership on November 2, 2010. The balanced budget reflects a similar levy as in 2010 to fund general BIA administration, capital maintenance, advertising and promotional expenditures. The BIA will use $9,000 of its accumulated funds reserved for future capital cost-share projects to partly fund the ongoing Community Square improvement project. Other proposed capital projects to be undertaken by the BIA in 2011 include banners, benches, solar lighting, and a mural. To balance the budget, the BIA expects $1,000 of GST/HST recoveries and utilize the appeal provision surplus of $4,728 that will be returned to them by the City. It is recommended that the Lakeshore Village BIA’s 2011 budget of expenditures totalling $75,049 and a BIA levy of $60,321 be approved.

The Little Portugal BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 6, 2010 and its general membership on November 3, 2010. The proposed budget reflects the BIA's continued focus on streetscape improvement, beautification and marketing the area. The balanced budget comprises of $79,625 in expenditures and revenues from a BIA levy that is the same as in 2010, the appeal provision surplus of $1,957 that the City is returning, and $28,000 of funds already accumulated for the streetscape improvement capital cost-shared project. Budgeted expenditures include $3,510 for general BIA administration; $50,000 to implement Phase 2 of the infrastructure for future pedestrian lighting; $14,000 for capital maintenance and the graffiti removal program; and $7,600 for marketing and promotion of the area. It is recommended that the Little Portugal BIA’s 2011 budget of expenditures totalling $79,625 and a BIA levy of $49,668 be approved.

The Mimico Village BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 5, 2010 and its general membership on November 9, 2010. The proposed budget reflects the expanded BIA's priority to implement the same streetscape improvements to the expanded area as in the original BIA boundary. Capital cost-shared projects to be undertaken include new flower planters and new banners for the expansion area. With increased levies from an expanded BIA and using $2,500 of accumulated funds earmarked for capital cost-shared projects and the appeal provision


surplus of $1,733 the BIA will be able to fund the capital cost-shared projects, capital maintenance, advertising, newsletter, the annual Tulip Festival promotional event and general BIA administration expenditures. The balanced budget also assumes GST/HST recoveries of $200. It is recommended that the Mimico Village BIA’s 2011 budget of expenditures totalling $24,213 and a BIA levy of $19,780 be approved.

The Mirvish Village BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on September 7, 2010 and its general membership on October 16, 2010. The BIA proposes to use $21,199 of its accumulated surplus funds to cover operating expenses instead of levying its members in 2011, since no major capital projects are planned for the near future. Budgeted expenditures include $5,688 for general BIA administration and project coordination; $3,500 for small capital projects (banners; year-round lighting); $5,000 for a mural project; $8,411 for maintenance of the flower planter program and general maintenance in support of the City’s Clean and Beautiful City initiative; and $5,700 for marketing and promotional initiatives. To provide a balanced budget, the BIA expects a grant of $5,000 from the City's Mural Program; $1,000 in GST/HST recovery; $500 of interest income; and the appeal provision surplus of $600 that the City is returning to the BIA. It is recommended that the Mirvish Village BIA’s 2011 budget of expenditures totalling $28,299 and no BIA levy requirement be approved.

The Mount Pleasant BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on September 21, 2010 and its general membership on November 1, 2010. The BIA continues to focus its efforts on branding and street beautification by proposing an increased budget for 2011 having expenditures of $262,870 and revenues from a BIA levy similar to that in 2010 and using $96,000 of its accumulated surplus to fund capital cost-shared projects and a street festival. In addition to these revenue sources, the BIA is expecting GST/HST recoveries of $15,000 and will be receiving the appeal provision surplus of $2,874 that is held by the City. Budgeted expenditures include $54,125 for general BIA administration including the hiring of a temporary full-time BIA coordinator; $55,000 for banner poles which is a capital cost-shared project; $10,000 for BIA banners which are not cost-shared with the City; $26,000 for flowers and floral care for the hanging baskets and seasonal decorations; $54,200 for advertising and marketing to promote the businesses in the area; and $50,000 for a street festival in the Spring. An operating surplus of $21,584 is projected in 2010 as some proposed streetscape improvement projects could not be implemented due to Toronto Hydro and City restrictions. It is recommended that the Mount Pleasant BIA’s 2011 budget of expenditures totalling $262,870 and a BIA levy of $148,996 be approved.

The Pape Village BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 13, 2010 and its general membership on November 2, 2010. The BIA proposes an 11% increase in the expenditure budget to $71,704 and a corresponding 11% increase in the levy requirement to $67,093 to support improved maintenance, increased promotion and advertising initiatives, undertake three streetscape improvement capital projects (new banners; custom street signage; pole wraps) and for general BIA administration. To provide a balanced budget, the BIA will utilize the


appeal provision surplus of $1,011 that the City is returning and expects other revenues including $2,000 in festival revenue, $1,500 of GST/HST recoveries and $100 of interest income. It is recommended that the Pape Village BIA’s 2011 budget of expenditures totalling $71,704 and a BIA levy of $67,093 be approved.

The Queen Street West BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 26, 2010 and its general membership on November 17, 2010. In 2011 the Queen Street West BIA will continue to focus on the beautification and promotion of the area. Projects include banner installation with the new BIA logo, a lighting streetscape plan, the creation of signature events and the continuation and expansion of successful events from 2010. To do this, the BIA proposes a 16% larger operating budget having expenditures of $235,211 and revenues from an 18% increase in the BIA levy to $197,975, anticipated sponsorships of $30,000, estimated GST/HST recoveries of $1,200 and the appeal provision surplus of $6,036 to fund 2011 initiatives. Budgeted expenditures include $69,323 for general BIA administration and additional work hours that will be required of the BIA coordinator in 2011; $12,450 for capital cost-shared projects for new banners and illuminated gateway features; $56,000 to be reserved for future streetscape improvement capital cost-shared projects; $26,640 for graffiti removal; $3,000 for website maintenance; $25,000 to produce the enlarged Out of Site event that is held in conjunction with Nuit Blanche; and $24,800 to develop new promotional events to promote the new BIA. The proposed operating budget reflects the BIA’s priorities to undertake the aforementioned small streetscape improvement projects to enhance the appearance of the area, to promote the businesses in the area and capitalize upon the area’s profile as a tourist destination through participation in City-wide events. It is recommended that the Queen Street West BIA’s 2011 budget of expenditures totalling $235,211 and a BIA levy of $197,975 be approved.

The Riverside District BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on November 3, 2010 and its general membership on November 25, 2010. The balanced budget of $163,420 in expenditures and revenues reflects the BIA's priorities to continue with beautification of the neighbourhood and expand its two annual events/festivals. The BIA proposes to maintain the same levy as in 2010 and use $10,000 of accumulated funds reserved for capital cost-shared projects. Other revenues expected include $5,000 in event sponsorships, $1,000 of interest income and the appeal provision surplus of $10,394 that the City is returning. Budgeted expenditures include $57,563 for general BIA administration and a permanent BIA coordinator; $10,000 for tree grates, a capital cost-shared project; $42,200 for capital maintenance and graffiti removal; and $41,200 for marketing and promotion. It is recommended that the Riverside District BIA’s 2011 budget of expenditures totalling $163,420 and a BIA levy of $137,026 be approved.

The Roncesvalles Village BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 20, 2010 and its general membership on October 27, 2010. The BIA’s key priorities in 2011 are to complete the streetscape improvements in conjunction with the City's sidewalk reconstruction and then to promote


the Roncesvalles area through various marketing and promotional initiatives. Two-thirds or $234,700 of the 2011 expenditure budget of $367,460 will be spent on marketing, advertising and promotional events including a proposed fall festival. The remaining budget of expenditures includes $40,000 for streetscape improvement capital cost-shared projects; $35,431 for capital maintenance, flowers and floral care, and graffiti removal; and $42,129 for general BIA administration. The BIA plans to maintain the levy requirement at the same level as in 2010 and use $40,000 of funds already accumulated for the streetscape improvement project. To balance the budget and cover costs, the BIA expects other revenues including $50,000 from the provincial government for the proposed fall festival; $50,000 in sponsorships of events; $32,096 in festival revenue from booth rentals; and $14,500 in GST/HST recoveries, grants and interest income. In addition, the BIA will be receiving the appeal provision surplus of $13,665 back from the City. It is recommended that the Roncesvalles Village BIA’s 2011 budget of expenditures totalling $367,460 and a BIA levy of $167,199 be approved.

The Rosedale Main Street BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on September 22, 2010 and its general membership on October 13, 2010. In 2011, the BIA will be focussing predominantly on promoting its member businesses through the implementation of its marketing plan. This is reflected in the expenditure budget by the allocation of $144,000 for advertising and marketing/ promotional initiatives. The other priority is implementing the Yonge-Roxborough intersection improvements capital cost-shared project that was deferred from 2010, with funds of $30,000 already accumulated for this purpose. Other budget provisions include $118,400 for ongoing capital maintenance and graffiti removal; and $64,210 for general BIA administration. The balanced budget assumes a 2.3% increase in the levy require-ment to $276,849 in 2011, and using $60,000 of surplus funds for promotional/marketing initiatives and the appeal provision surplus of $14,829 that the City is returning to the BIA. The BIA also expects $100 of interest income to help offset operating expenses in 2011. Due to delayed implementation of the BIA's marketing plan to the 4th quarter of 2010, an operating surplus of $10,839 is projected in 2010. It is recommended that the Rosedale Main Street BIA’s 2011 budget of expenditures totalling $381,778 and a BIA levy of $276,849 be approved.

The Sheppard East Village BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on September 15, 2010 and its general membership on October 26, 2010. With construction of the Sheppard LRT line scheduled to commence in March 2011 in the Sheppard East Village BIA area, the BIA’s priorities will be on increasing promotion and advocacy, as well as increase advertising and implementing a "Shop Sheppard East" initiative. To accomplish this, the BIA proposes to increase the levy by 15% to $99,475. These levies, along with the appeal provision surplus of $14,578 will fund general BIA administration, maintenance, a non-cost-shared capital project for signage, advertising, promotion and advocacy. Due to the postponement of the BIA’s planned streetscape improvements, $108,900 of the BIA’s unused funds along with $7,100 of the appeal provision surplus, for a total of $116,000, will be invested and reserved for future implementation of the BIA’s strategic plan and streetscape master


plan. It is recommended that the Sheppard East Village BIA’s 2011 budget of expenditures totalling $222,953 and a BIA levy of $99,475 be approved.

The Beach BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on September 20, 2010 and its general membership on October 20, 2010. Budgeted expenditures in 2011 are maintained at 2010 levels for general BIA administration, capital maintenance and graffiti removal, and advertising and promotional activities. The only significant changes to the budget is an additional $10,000 in spending for website development along with social media presence expansion and to raise $40,000 through the 2011 levy for a future capital cost-share project for free- standing light poles. To fund the base budget and these new initiatives, the BIA proposes to increase the levy by 27.5% or nearly $50,000 to $230,893 in 2011. In addition to the levy, the BIA will be using the appeal provision surplus of $16,080 that the City is returning. Other anticipated revenues of $5,000 and expected sponsorship revenue of $6,000 will help produce a balanced budget. It is recommended that The Beach BIA’s 2011 budget of expenditures totalling $257,973 and a BIA levy of $230,893 be approved.

The Danforth BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management and its general membership both held on October 18, 2010. The BIA proposes to increase spending by 15.5% in 2011 with an expenditure budget of $336,991 to support the BIA's efforts in these key areas: new business development; Danforth Experience events; and street beautification. The proposed budget allocates $84,860 for general BIA administration; $50,000 towards capital cost-shared projects; $85,346 for ongoing capital maintenance and graffiti removal; and $91,925 for marketing and promotional/special events such as the Danforth Experience Event Series and to complete the BIA's business development plan. Planned streetscape improvement capital cost-shared projects include up-lighting for trees; anti-graffiti pole sleeves; new planter test project; and bridge lighting support materials. To fund all these activities and provide a balanced budget, the BIA proposes to increase the levy requirement by 9.3% to $273,455; use $25,000 of funds accumulated for capital cost-share projects; and use the appeal provision surplus of $11,536 that the City is returning. Other revenues anticipated include $12,000 of sponsorships and $15,000 from GST/HST recoveries. An operating surplus of $13,882 is projected in 2010 as a result of deferring various proposed capital projects to 2011. It is recommended that The Danforth BIA’s 2011 budget of expenditures totalling $336,991 and a BIA levy of $273,455 be approved.

The Eglinton Way BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on September 1, 2010 and its general membership on October 6, 2010. The BIA proposes a balanced budget of $285,533 in expenditures and the same amount in revenues obtained from a BIA levy of $251,669 that is 4% higher than in 2010; interest income of $1,000; GST/HST recoveries of $12,000 and the appeal provision surplus of $20,864 that the City is returning to the BIA. Budgeted expenditures include $66,040 for general BIA administration; $73,000 for capital maintenance and street cleaning; and $82,750 for increased advertising, marketing and promotion; and allocate $40,864 towards future capital cost-share projects for year round decorative lighting and gateway arch lighting. An operating surplus of $29,156 is projected in 2010


resulting from savings in snow clearing and deferral of the year round lighting capital project; these unused funds will be reserved for the aforementioned capital cost-shared lighting projects. It is recommended that The Eglinton Way BIA’s 2011 budget of expenditures totalling $285,533 and a BIA levy of $251,669 be approved.

The Kingsway BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 13, 2010 and its general membership on November 15, 2010. With a larger appeal provision surplus of $34,113 being returned to the BIA in 2011, the BIA proposes to decrease the levy requirement by 2% to $360,930, while funding general BIA administration; streetscape improvement capital projects; ongoing capital maintenance and graffiti removal; and marketing and promotional events including the popular Taste of the Kingsway Festival. The BIA will use $20,958 of funds already accumulated for future capital projects towards the Montgomery Bloor Parkette renovation, a cost-shared capital project with the City. To produce a balanced budget, the BIA expects other revenues of $12,750 from GST/HST recovery. The proposed budget reflects the BIA's priorities to improve the streetscape, enhance the BIA's signature Taste of the Kingsway Festival, and increase marketing and promotion of the area businesses. An operating surplus of $18,132 is expected in 2010 resulting from a GST rebate that was not budgeted for and from delays or deferral of various capital projects. These surplus funds will be saved for future capital cost-shared projects. It is recommended that The Kingsway BIA’s 2011 budget of expenditures totalling $428,751 and a BIA levy of $360,930 be approved.

The Waterfront BIA 2011 Operating Budget was approved at meetings of the BIA's Board of Management and its general membership both held on November 25, 2010. After a very ambitious 2010, with the production of a $1.5 million festival called The Redpath Toronto Waterfront Festival, an international tall ships event that created $138 million in economic impact for the area, The Waterfront BIA will now focus its efforts in 2011 on marketing and promotion of the area, sponsorship development and raising funds of $100,000 through the BIA levy for a future streetscape improvement capital project. The BIA proposes to maintain a similar levy as in 2010 to fund general BIA administration, purchase office furniture and equipment, undertake a non-cost-shared capital project for winter lights enhancement, capital maintenance, marketing and advertising, and seasonal promotional events. As well, the 2011 BIA levies will go towards funding an appeal provision deficit of $72,908 and a forecasted cumulative operating deficit of $54,889 by year-end 2010. In addition to the levy requirement, the BIA expects other revenues to offset expenses, including $170,000 in event sponsorships and bus shuttle sponsor investments; $15,000 of GST/HST recoveries; and $1,000 of interest income. It is recommended that The Waterfront BIA's 2011 budget of expenditures totalling $876,577 and a BIA levy of $690,577 be approved.

The Toronto Entertainment District BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 13, 2010 and its general membership on November 18, 2010. The proposed budget reflects the BIA’s priorities and initiatives identified in the Master Plan. The BIA will start Phase 1 of the Master Plan with technical design drawings for streetscape improvements to John Street and


undertake some non-cost-shared capital projects in 2011. As part of the Marketing/ Branding Strategy, the BIA will continue with its public relations and branding campaign in 2011, and do an advertising campaign. The BIA proposes a 50% increase in the levy requirement to $1,795,304, an increase of $595,304 to fund planned streetscape non-cost-shared capital projects and a new outdoor digital promotional program. In addition, the BIA will use $300,000 of accumulated funds for proposed capital cost-shared projects. Other revenues expected include interest income of $6,000, sponsorship revenue of $1,000, an anticipated City of Toronto festival grant of 5,000 and Youth Employment Program funding from the Province of $1,900. The BIA’s appeal provision deficit of $69,172 will be funded from the 2011 levies. It is recommended that the Toronto Entertainment District BIA’s 2011 budget of expenditures totalling $2,109,204 and a BIA levy of $1,795,304 be approved.

The Uptown Yonge BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on October 14, 2010 and its general membership on November 3, 2010. With the completion of major streetscape improvement capital cost-shared projects over the past two years, the BIA will now focus its efforts on marketing, promotions and generating broader community awareness of the area in 2011. To do this, the BIA proposes a balanced budget having expenditures of $118,297 and revenues from a constant BIA levy of $115,360. In addition, the BIA will use the appeal provision surplus of $2,537 that the City is returning and other anticipated revenues of $400 to help offset expenses. Budgeted expenditures include $51,300 for advertising and promotion; $11,500 for more benches and banners; $6,000 for capital maintenance; and $39,010 for general BIA administration. It is recommended that the Uptown Yonge BIA’s 2011 budget of expenditures totalling $118,297 and a BIA levy of $115,360 be approved.

The Village of Islington BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on August 4, 2010 and its general membership on October 6, 2010. Since 2004 the Village of Islington BIA has produced 17 larger-than-life, exceptional-quality murals and these amazing works are beginning to attract tourists. The primary focus of the 2011 budget is to add to this mural collection, promote the area as a destination through events such as "Paint the Street!" and the production of a 2011 Mural Calendar, and to enhance the pedestrian experience within the BIA by repairing or replacing damaged street furniture. The BIA proposes to maintain a similar levy as in 2010 to fund planned BIA capital projects (benches; banners; tree lighting), advertising and promotional activities, capital maintenance, and general BIA administration expenditures. The mural project is funded by $52,089 of Section 37 monies that the BIA received for this purpose. The BIA also expects one-time funding of $5,000 from the City’s Mural Program for its mural project. The Paint the Street Festival is expected to generate $10,000 of sponsorship revenue to help defray event costs; and based on prior year experience, the BIA expects to secure $10,000 in sponsorships for the production of its 2011 mural calendar. The BIA also anticipates other revenues of $4,200 and the return of the appeal provision surplus of $920 held by the City. It is recommended that the Village of Islington BIA’s 2011 budget of expenditures totalling $177,850 and a BIA levy of $95,641 be approved.


The Yonge-Lawrence Village BIA 2011 Operating Budget was approved at meetings of the BIA’s Board of Management on August 10, 2010 and its general membership on October 27, 2010. The BIA proposes to maintain the same levy as in 2010 to fund the expanded Spring Festival, continue with the “reusable shopping bag” giveaway promotion, ongoing advertising and other promotional events, capital maintenance, and general BIA administration in 2011. Capital cost-shared projects continuing into 2011 include purchasing more street banners and sidewalk benches. To provide a balanced budget, in addition to the levy, the BIA expects other revenues such as sponsorships and interest income totalling $7,200, GST/HST recoveries of $16,649 and use $8,000 of accumulated funds earmarked for capital projects. The 2011 budget reflects the BIA's priority to advertise and promote the area by the allocation of $86,456 or 43% of total budgeted expenditures. The BIA has an appeal provision deficit of $6,334 which will be funded by the 2011 levies. It is recommended that the Yonge-Lawrence Village BIA’s 2011 budget of expenditures totalling $223,045 and a BIA levy of $191,196 be approved.

CONTACT

Judy Skinner Mike Major Manager, Financial Planning Manager, Business Improvement Areas Financial Planning Division Economic Development and Culture Phone: 416-397-4219 Phone: 416-392-0623 Fax: 416-392-3649 Fax: 416-392-1380 e-mail: [email protected]

e-mail: [email protected]

Nick Naddeo Manager, Revenue Accounting & Collection Revenue Services Division Phone: 416-395-6789 Fax: 416-395-6703 e-mail: [email protected]

SIGNATURE

_______________________________ Cam Weldon Deputy City Manager and Chief Financial Officer

ATTACHMENTS

Appendix A – BIA Budget Summary Appendix B – Status of BIA Budget Submission


APPENDIX A

Albion-Islington BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request

($) Revenue: - Levy Funds Required (incl. 10% provision) 181,112

181,112

184,430

- Other Revenue 13,650

30,708

19,150

- Appeal Provision Surplus 12,819

12,819

7,524

- Contribution from Accumulated Surplus 0

0

37,000

Total Revenues 207,581

224,638

248,104

Expenditures:

- Administration 59,600

59,556

60,622

- Capital 25,500

25,500

65,000

- Maintenance 17,166

17,267

16,866

- Promotion & Advertising 88,850

93,850

88,850

- 10% Provision for Assessment Appeal Reductions and Write-offs

16,465

16,465

16,766

Total Expenditures 207,581

212,638

248,104

Surplus/(Deficit) 0

12,000

0

Bloor Annex BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


105,772

110,692

- Other Revenue 300

300

300


2,074

3,147


108,146

114,139

Expenditures:


22,893

24,575

- Capital 36,000

36,000

36,000


14,908

15,713


27,787

27,787


9,616

9,616

10,063


111,203

114,139

Surplus/(Deficit) 0

(3,058)

0


Bloor by the Park BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


69,925

82,500


1,855

0


4,032

0


75,812

82,500

Expenditures:


12,000

12,000

- Capital 12,000

12,000

12,000


26,500

27,000


3,370

24,000


6,357

6,357

7,500


60,227

82,500

Surplus/(Deficit) 0

15,585

0

Bloorcourt Village BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


135,182

140,076


16,428

11,750


9,582

5,868


161,192

157,694

Expenditures:


45,454

31,460

- Capital 14,000

3,986

10,000


69,979

72,000


15,922

31,500


12,289

12,289

12,734


147,630

157,694

Surplus/(Deficit) 0

13,562

0


Bloor Street BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request

($) Revenue: - Levy Funds Required (incl. 10% provision) 1,650,000

1,650,000

1,650,000

- Bloor-Yorkville BIA’s contribution 250,000

250,000

250,000


228,009

3,000

- Contribution from Capital Fund 133,992

0

1,138,938

Total Revenues 2,038,992

2,128,009

3,041,938

Expenditures:


6,500

2,550

- Debt Repayment 990,872

990,872

990,872

- Capital Expenditure 306,000

360,000

872,000

- BSTP Maintenance Reserve Contribution 30,000

30,000

30,000


240,000

390,000


213,000

552,450

- Appeal Provision Deficit 72,120

72,120

54,066

- 10% Provision for Assessment Appeal Reductions 150,000

150,000

150,000

Total Expenditures 2,038,992

2,062,492

3,041,938

Surplus/(Deficit) 0

65,517

0

Bloor-Yorkville BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


1,727,099

1,814,943


87,500

53,000


131,162

45,094

- Contribution from Accumulated Surplus 71,708

0

79,858


1,945,761

1,992,895

Expenditures:


496,940

509,900

- Capital 350,000

270,000

300,000


356,500

452,000


546,700

566,000


157,009

164,995


1,827,149

1,992,895

Surplus/(Deficit) 0

118,612

0


Chinatown BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


210,078

206,643


8,000

48,000


14,245

9,938


0

22,500


232,323

287,081

Expenditures:


70,571

77,845

- Capital 40,030

7,907

22,500


42,962

59,000


70,620

108,950


19,098

19,098

18,786


211,158

287,081

Surplus/(Deficit) 0

21,165

0

Corso Italia BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


248,694

248,856


40,000

12,000


16,875

23,692


0

38,000


305,569

322,548

Expenditures:


35,408

43,650

- Capital 10,500

7,862

43,000


58,356

58,975


126,043

154,300


22,609

22,609

22,623


250,278

322,548

Surplus/(Deficit) 0

55,291

0


Crossroads of the Danforth BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


66,034

65,925

- Other Revenue 0

7,584

8,302


4,874

3,888


78,492

78,115

Expenditures:


28,572

34,324

- Capital 21,400

25,066

0


14,742

19,210


11,422

18,588


6,003

6,003

5,993


85,805

78,115

Surplus/(Deficit) 0

(7,313)

0

Dovercourt Village BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


6,812

6,778

- Other Revenue 200

200

200

- Appeal Provision Surplus 193

193

600


0

10,000


7,205

17,578

Expenditures:

- Administration 946

2,228

2,017

- Capital 1,790

3,000

14,472

- Maintenance 2,350

311

473


0

0


619

619

616


6,158

17,578

Surplus/(Deficit) 0

1,047

0


Downtown Yonge BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


2,266,868

2,393,542


156,698

77,536

- Appeal Provision Surplus N/A

N/A

47,049


90,143

0


2,513,709

2,518,127

Expenditures:

- Administration, Member Services & Advocacy 697,875

714,763

704,055

- Capital 388,394

489,009

477,725

- Maintenance, Clean & Safe Streets 369,191

316,964

350,691

- Marketing, Promotion & Advertising 649,642

697,143

768,061


89,751

N/A


206,079

206,079

217,595


2,513,709

2,518,127

Surplus/(Deficit) 0

0

0

Gerrard India Bazaar BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


138,175

137,338


92,078

74,300


9,520

10,122


239,773

221,760

Expenditures:


65,840

62,275

- Capital 5,000

1,890

6,000

- Maintenance 6,000

5,000

6,000


153,800

135,000


12,561

12,561

12,485


239,091

221,760

Surplus/(Deficit) 0

682

0


Greektown on the Danforth BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


425,748

425,876


478,500

422,000


26,806

40,350


0

350,000


931,054

1,238,226

Expenditures:


169,385

184,310

- Capital 382,500

88,500

337,500


101,500

114,200


532,500

563,500


38,704

38,704

38,716


930,589

1,238,226

Surplus/(Deficit) 0

465

0

Harbord Street BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


23,737

20,174

- Other Revenue 0

0

0


1,353

1,512


618

0


25,708

21,686

Expenditures:


1,830

2,052

- Capital 500

1,000

750


11,170

8,450


9,550

8,600


2,158

2,158

1,834


25,708

21,686

Surplus/(Deficit) 0

0

0


Kennedy Road BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


244,765

243,927


17,000

16,000

- Appeal Provision Surplus N/A

N/A

14,498


106,631

50,000


368,396

324,425

Expenditures:


131,876

25,250

- Capital 67,500

11,692

50,000


148,000

147,500


51,500

79,500

- Appeal Provision Deficit 356

356

N/A


22,251

22,175


365,675

324,425

Surplus/(Deficit) 0

2,721

0

Korea Town BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


40,329

65,964


62,044

52,100


2,911

3,236


31,000

0


136,284

121,300

Expenditures:


23,931

24,449

- Capital 16,250

16,344

0


35,138

39,504


57,144

51,350


3,666

3,666

5,997


136,223

121,300

Surplus/(Deficit) 0

61

0


Lakeshore Village BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


62,314

60,321

- Other Revenue 0

500

1,000


2,322

4,728


36,867

9,000


102,003

75,049

Expenditures:


3,438

3,865

- Capital 33,000

65,000

33,000


17,000

21,000


10,900

11,700


5,665

5,665

5,484


102,003

75,049

Surplus/(Deficit) 0

0

0

Little Portugal BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


49,730

49,668

- Other Revenue 700

0

0


2,455

1,957


20,100

28,000


72,285

79,625

Expenditures:


3,910

3,510

- Capital 6,854

44,775

50,000


12,500

14,000


6,579

7,600


4,521

4,521

4,515


72,285

79,625

Surplus/(Deficit) 0

0

0


Mimico Village BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


15,818

19,780

- Other Revenue 200

0

200


765

1,733


4,694

2,500


21,277

24,213

Expenditures:


1,940

1,940

- Capital 3,000

1,350

3,350

- Maintenance 3,575

2,305

2,600


14,244

14,525


1,438

1,438

1,798


21,277

24,213

Surplus/(Deficit) 0

0

0

Mirvish Village BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


20,152

0


1,250

6,500


555

600


1,372

21,199


23,329

28,299

Expenditures:


4,385

5,688

- Capital 5,500

6,500

8,500

- Maintenance 5,300

7,411

8,411


3,200

5,700


1,832

1,832

0


23,329

28,299

Surplus/(Deficit) 0

0

0


Mount Pleasant BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


152,502

148,996

- Other Revenue 0

12,037

15,000


2,211

2,874


0

96,000


166,750

262,870

Expenditures:


35,460

54,125

- Capital 89,140

11,278

65,000


5,950

26,000


78,614

104,200


13,864

13,864

13,545


145,166

262,870

Surplus/(Deficit) 0

21,584

0

Pape Village BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


60,394

67,093


5,654

3,600


2,481

1,011


68,529

71,704

Expenditures:


14,644

16,455

- Capital 5,000

5,627

6,500


9,982

17,750


23,591

24,900


5,490

5,490

6,099


59,334

71,704

Surplus/(Deficit) 0

9,195

0


Queen Street West BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


167,492

197,975


5,533

31,200


1,525

6,036


2,679

0


177,228

235,211

Expenditures:


53,847

69,323

- Capital 70,000

33,112

68,450


26,130

26,640


48,913

52,800


15,227

15,227

17,998


177,228

235,211

Surplus/(Deficit) 0

0

0

Riverside District BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


137,026

137,026


10,595

6,000


6,636

10,394


16,727

10,000


170,984

163,420

Expenditures:


49,855

57,563

- Capital 15,000

3,103

10,000


41,600

42,200


63,969

41,200


12,457

12,457

12,457


170,984

163,420

Surplus/(Deficit) 0

0

0


Roncesvalles Village BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


167,199

167,199


13,000

146,596


9,198

13,665


0

40,000


189,397

367,460

Expenditures:


37,377

42,129

- Capital 200,000

71,401

40,000


21,200

35,431


35,800

234,700


15,200

15,200

15,200


180,978

367,460

Surplus/(Deficit) 0

8,419

0

Rosedale Main Street BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


270,545

276,849


64

100


17,496

14,829


0

90,000


288,105

381,778

Expenditures:


57,873

64,210

- Capital 55,000

27,628

30,000


113,534

118,400


53,636

144,000


24,595

24,595

25,168


277,266

381,778

Surplus/(Deficit) 0

10,839

0


Sheppard East Village BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


86,570

99,475

- Other Revenue 0

0

0


2,720

14,578


127,000

108,900


216,290

222,953

Expenditures:


45,411

43,810

- Capital 117,000

117,000

117,000

- Maintenance 5,000

5,000

5,000


38,350

48,100


7,870

7,870

9,043


213,631

222,953

Surplus/(Deficit) 0

2,659

0

The Beach BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


181,060

230,893


10,000

11,000


11,215

16,080


0

0


202,275

257,973

Expenditures:


63,941

65,495

- Capital 6,600

2,250

40,000


64,988

64,988


52,150

66,500


16,460

16,460

20,990


199,789

257,973

Surplus/(Deficit) 0

2,486

0


The Danforth BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


250,142

273,455


44,000

27,000


13,233

11,536


0

25,000


307,375

336,991

Expenditures:


81,597

84,860

- Capital 50,000

22,856

50,000


86,200

85,346


80,100

91,925


22,740

22,740

24,860


293,493

336,991

Surplus/(Deficit) 0

13,882

0

The Eglinton Way BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


241,836

251,669


11,000

13,000


13,497

20,864


266,333

285,533

Expenditures:


62,544

66,040

- Capital 22,200

7,005

40,864


67,748

73,000


77,895

82,750


21,985

21,985

22,879


237,177

285,533

Surplus/(Deficit) 0

29,156

0


The Kingsway BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


368,344

360,930

- Other Revenue 0

14,707

12,750


24,217

34,113


0

20,958


407,268

428,751

Expenditures:


77,154

90,735

- Capital 23,500

9,000

62,404


82,049

71,700


187,447

171,100


33,486

33,486

32,812


389,136

428,751

Surplus/(Deficit) 0

18,132

0

The Waterfront BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


694,418

690,577


853,882

186,000


1,548,300

876,577

Expenditures:


188,254

220,500

- Capital 10,000

28,187

130,000


0

20,000

- Promotion & Advertising 1,086,695

1,247,803

315,500


48,028

72,908

- Funding of Prior Year's Operating Deficit 14,076

27,788

54,889


63,129

63,129

62,780


1,603,189

876,577

Surplus/(Deficit) 0

(54,889)

0


Toronto Entertainment District BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


1,200,000

1,795,304


9,300

13,900


200,000

300,000


1,409,300

2,109,204

Expenditures:


321,228

381,305

- Capital 380,000

284,201

843,500


82,000

130,000


442,000

522,018


91,975

69,172


109,091

109,091

163,209


1,330,495

2,109,204

Surplus/(Deficit) 0

78,805

0

Uptown Yonge BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


115,500

115,360

- Other Revenue 750

1,000

400


63,944

2,537


114,989

0


295,433

118,297

Expenditures:


38,360

39,010

- Capital 143,500

245,323

11,500


0

6,000


1,250

51,300


10,500

10,500

10,487


295,433

118,297

Surplus/(Deficit) 0

0

0


Village of Islington BIA 2011 Budget Summary

2010

Approved Budget

2010 Projected

Actual

2011 Budget Request


96,580

95,641


31,356

81,289


2,197

920


130,133

177,850

Expenditures:


8,967

8,855

- Capital 25,000

23,300

78,100


36,000

30,000


52,900

52,200


8,780

8,780

8,695


129,947

177,850

Surplus/(Deficit) 0

186

0

Yonge-Lawrence Village BIA 2011 Budget Summary

2010 Approved

Budget

2010 Projected

Actual

2011 Budget Request


190,186

191,196


9,200

23,849


3,268

N/A


0

8,000


202,654

223,045

Expenditures:


49,418

52,384

- Capital 4,674

2,320

6,815


47,000

53,675


76,304

86,456

- Appeal Provision Deficit N/A

N/A

6,334


17,290

17,290

17,381


192,332

223,045

Surplus/(Deficit) 0

10,322

0


APPENDIX B

Status of Business Improvement Area Budget Submissions

Business Improvement Area Stage in Budget Process Albion-Islington Included in this report Baby Points Gates Bloor Annex Included in this report Bloor by the Park Included in this report Bloorcourt Village Included in this report Bloordale Village Bloor Street Included in this report Bloor West Village Bloor-Yorkville Included in this report Cabbagetown Chinatown Included in this report Church-Wellesley Village College Promenade Corso Italia Included in this report Crossroads of the Danforth Included in this report Danforth Mosaic Danforth Village Dovercourt Village Included in this report Downtown Yonge Included in this report Dundas West Eglinton Hill Emery Village Fairbank Village Forest Hill Village Gerrard India Bazaar Included in this report Greektown on the Danforth Included in this report Harbord Street Included in this report Hillcrest Village Historic Queen East Junction Gardens Kennedy Road Included in this report Kensington Market Korea Town Included in this report Lakeshore Village Included in this report Liberty Village Little Italy Little Portugal Included in this report Long Branch Mimico by the Lake Mimico Village Included in this report


Mirvish Village Included in this report Mount Dennis Mount Pleasant Included in this report Oakwood Village Pape Village Included in this report Parkdale Village Queen Street West Included in this report Regal Heights Village Riverside District Included in this report Roncesvalles Village Included in this report Rosedale Main Street Included in this report St. Clair Gardens St. Lawrence Market Neighbourhood Sheppard East Village Included in this report The Beach Included in this report The Danforth Included in this report The Dupont Strip (formerly Annex-Dupont)

The Eglinton Way Included in this report The Kingsway Included in this report The Waterfront Included in this report Toronto Entertainment District Included in this report Trinity Bellwoods Upper Village Uptown Yonge Included in this report Village of Islington Included in this report West Queen West Weston Village Wexford Heights Wychwood Heights Yonge-Lawrence Village Included in this report York-Eglinton

BIA - 2011 Operating Budgets - Toronto · Staff report for action on 2011 BIA Operating Budgets:...

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