Business Improvement District

Minutes November 21, 2023 Downtown Business Improvement District Board Minutes Noon, Tuesday November 21, 2023 Location: Former Fremont National Bank Building 6th and Main Streets, 2nd Floor Meeting Room, Fremont NE Present were Tom Coday, Vince O’Connor, Sam Heineman, Brenden Murray, Richard Register, Daniel Cech, JJ Bixby, Berta Quintero, Howard Krasne Absent: Roxie Kracl, Kevin Main Guests: Tyler Ficken (City of Fremont), Lainey Paquette (Mainstreet). 1. Meeting was called to order Char Tom Coday 12:05 pm. Roll Call was taken, those present are identified above, a quorum was determined present. The Chair announced that a copy of the Open Public Meeting Act was available in the room for inspection. 2. Motion was made to approve the minutes of the October 17th, 2023, meeting as amended (date correction) by Heineman, seconded by O’Connor, motion passed 9/0. 3. Discussion was had on agenda item #3. It was reported that a donor paid for the ribbons so all that needed to be paid was the cost of installation. As this Board previously approved the purchase and installation to be paid, a motion was made to rescind the prior approval and instead approve only the payment by the City of Fremont to Siffring for installation in the amount of $5,436.00. The motion was made by Bixby and seconded by Krasne. The motion was approved 9/0. 4. Committee reports: a. Financial Report. Report was reviewed. No action taken. b. Projects Committee Report. Discussion was had to flag and banner installation and costs, any possibly changing the banners seasonally. No action taken. c. Equalization Committee Report. No report. Discussing was had if this committee is necessary when the BID is renewed. No action taken. d. Multi-Cultural Committee Report. No report. No action taken. e. Marketing Committee Report. No report. No action taken. f. Maintenance Committee Report. No report, no action taken.  g. Future Project Committee Report. Discussion was had on the importance of a plan for the renewal of the BID. There was information of possible commitments for private donors that could make it possible that both archways could be completed next year. No action taken. h. Design Committee Report. A long discussion was had on how to address the garland wraps on the galvanized poles. No action was taken. 5. Comments from the Public – None. 6. Next meeting set for December 19, 3023, at the same time and location, notice to be published. 7. Motion to adjourn was made by O’Connor and seconded by Bixby. The motion passed 9/0. Statement of Revenues, Expenditures and Changes in Fund Balances 2020 - YTD 2024 (Effective 11/30/2023) Revenues YTD 2024 YTD 2023 2022 2021 2020 Assessments $ - $ 43,536.94 $ 50,709.71 $ 43,764.74 $ 41,734.65 Interest income $ - $ 1,214.23 $ 59.04 $ 42.92 $ 87.47 Donations $ - $ - $ 30,000.00 License fees $ - $ 600.00 $ 100.00 Total revenues $ - $ 45,351.17 $ 80,868.75 $ 43,807.66 $ 41,822.12 Expenditures Retention/recruitment Downtown beautification $ 4.31 $ 12,199.45 $ 60,037.68 $ 9,238.52 $ 17,755.78 Implementation/maintenance $ - $ 2,933.75 $ 15,156.61 $ - Promotion/marketing $ 1,657.81 $ 30,010.25 $ 12,494.49 $ 4,600.95 $ 10,331.00 Other as authorized by NRS 19-4015 $ - $ 151.65 $ 480.88 $ 203.32 $ 417.08 Total expenditures $ 1,662.12 $ 45,295.10 $ 88,169.66 $ 14,042.79 $ 28,503.86 Excess (deficiency) of revenues over expenditures $ (1,662.12) $ 56.07 $ (7,300.91) $ 29,764.87 $ 13,318.26 Other financing sources (uses) Transfer in (a) $ - $ - $ - $ - $ - Transfer out $ - $ - $ - $ - $ - Net other sources and uses $ - $ - $ - Net change in fund balances $ (1,662.12) $ 56.07 $ (7,300.91) $ 29,764.87 $ 13,318.26 Fund balance prior year $ 93,305.79 $ 93,249.72 $ 100,550.63 $ 70,785.76 $ 57,467.50 Fund balance current year $ 91,643.67 $ 93,305.79 $ 93,249.72 $ 100,550.63 $ 70,785.76 $ - $ - $ -  2019 $ 44,993.09 $ 125.55 $ 45,118.64 $ - $ 2,234.24 $ - $ 25,175.89 $ 364.14 $ 27,774.27 $ 17,344.37 $ - $ - $ - $ 17,344.37 $ 40,123.13 $ 57,467.50