Business Improvement District

Downtown Business Improvement District Board Tuesday September 20, 2022 12:00 P.M. Nebraska Quilt Company, 330 N. Main Street, 2nd floor Meeting Room. Fremont Nebraska 1. Meeting called to order, announcement of Open Public Meeting Law and Roll Call 2. Approval of the Minutes of the August 16, 2022 Meeting. 3. Discussion and possible action on Aaron Parks presentation of a video showcasing Downtown 4. Discussion and possible action on event sponsorships. 5. Discussion on the speaker system 6. Discussion and possible action on beautification of the bump outs. 7. Committee reports: 1. Financial Report 2. Project Committee Report 3. Equalization Committee Report 4. Multi-Cultural Committee Meeting Report 5. Marketing Committee report 6. Maintenance Committee report 7. Future Projects Committee Report 8. Design Committee Report 1. Comments from the public 2. MainStreet Report – Melissa Powell Our Next meeting will be October 18, 2022 at Nebraska Quilt Company Agenda posted at the Municipal building on September 13 , 2022. The Board reserves the right to go into Executive Session when necessary. A copy of the Open Meeting Law is available for review by the public. The Board reserves the right to adjust the order of the items on this agenda. Business Improvement District #1 Statement of Revenues, Expenditures and Changes in Fund Balances 2018 - YTD 2022 (Effective 8/31/2022) Revenues YTD 2022 2021 2020 2019 2018 Assessments $ 49,866.66 $ 43,764.74 $ 41,734.65 $ 44,993.09 $ 44,552.01 Interest income $ 20.34 $ 42.92 $ 87.47 $ 125.55 $ 72.77 Donations $ 25,000.00 License fees $ 100.00 Total revenues $ 74,987.00 $ 43,807.66 $ 41,822.12 $ 45,118.64 $ 44,624.78 Expenditures Retention/recruitment $ - $ - Downtown beautification $ 7,839.18 $ 9,238.52 $ 17,755.78 $ 2,234.24 $ 3,107.85 Implementation/maintenance $ 10,226.65 $ - $ - $ - Promotion/marketing $ 9,245.98 $ 4,600.95 $ 10,331.00 $ 25,175.89 $ 12,000.00 Other as authorized by NRS 19-4015 $ 464.40 $ 203.32 $ 417.08 $ 364.14 $ 296.07 Total expenditures $ 27,776.21 $ 14,042.79 $ 28,503.86 $ 27,774.27 $ 15,403.92 Excess (deficiency) of revenues over expenditures $ 47,210.79 $ 29,764.87 $ 13,318.26 $ 17,344.37 $ 29,220.86 Other financing sources (uses) Transfer in (a) $ - $ - $ - $ - $ - Transfer out $ - $ - $ - $ - $ - Net other sources and uses $ - $ - $ - $ - $ - Net change in fund balances $ 47,210.79 $ 29,764.87 $ 13,318.26 $ 17,344.37 $ 29,220.86 Fund balance prior year $ 100,550.63 $ 70,785.76 $ 57,467.50 $ 40,123.13 $ 10,902.27 Fund balance current year $ 147,761.42 $ 100,550.63 $ 70,785.76 $ 57,467.50 $ 40,123.13 $ -