City Council Workshops

1. City Council Budget Workshop Agenda Documents: 2017-03-13 CITY COUNCIL BUDGET WORKSHOP AGENDA.PDF 2. City Council Budget Workshop Minutes Documents: 2017-03-13 CITY COUNCIL BUDGET WORKSHOP MINUTES.PDF 3. City Council Budget Workshop Downtown Wheaton Association Bw01b Documents: 2017-03-13 CITY COUNCIL BUDGET WORKSHOP DOWNTOWN WHEATON ASSOCIATION BW01B.PDF  CITY OF WHEATON, ILLINOIS BUDGET WORKSHOP SESSION - MONDAY, MARCH 13, 2017 - 7:00 P.M. WHEATON CITY HALL, COUNCIL CHAMBERS, 303 W. WESLEY STREET, WHEATON, IL AGENDA I. Review of 2017-2018 Draft Budget a. Library b. Downtown Wheaton Association c. Police Department i. General Fund ii. Parking Fund • Parking Support & Enforcement • Parking CBD Enforcement iii. Capital Equipment Replacement Fund iv. Building Renewal Fund d. General Government i. Mayor and City Council ii. Boards and Commissions iii. Senior Citizen Programs iv. City Manager’s Office v. Legal Services vi. Finance a. Capital Equipment Replacement Fund b. Building Renewal Fund vii. Human Resources viii. Information Technology a. Technology Replacement Fund ix. Communications a. Capital Equipment Replacement Fund x. Planning and Economic Development a. Tax Increment Financing (TIF) District Funds xi. Engineering a. Motor Fuel Tax Fund xii. Building and Code Enforcement xiii. Buildings and Grounds a. Capital Equipment Replacement Fund b. Building Renewal Fund II. Public Comments III. Council Questions/Comments IV. Adjournment Persons speaking during Public Comment shall not speak longer than three (3) minutes and shall be permitted to speak only once. M emorandum Clerk Sharon Barrett-Hagen City TO: RECORD Date: March 14, 2017 SUBJECT: March 13, 2017 Budget Workshop Those attending the March 13, 2017 City Council Budget Workshop included Councilwoman Fitch, Councilman Prendiville, Councilman Rutledge, Councilman Saline, Councilman Scalzo and Councilman Suess. Mayor Gresk was absent. Also in attendance were City Manager Dzugan, Assistant City Manager Duguay and Department Heads. The Workshop was held in the Council Chambers, Wheaton City Hall, 303 W. Wesley Street. The meeting began at 7:00 p.m. and concluded at 9:49 p.m. I. Review of 2017-2018 Draft Budget a. Library City Manager Dzugan stated the tax levy included an additional $125,000 to the Library, increasing the tax dollars from $3,650,000 to $3,775,000. Library Director Betsy Adamowski, Library Board Chair Christine Fenne, Board Member Ray Sanguinetti and staff were present. Library Director Adamowski stated other revenue the Library receives from state grants, fines, and book sales conducted by volunteers. Board Member Sanguinetti stated the increased funding to the Library essentially replaced a reduction in funds they experienced in 2009/10. He reported a recent study of surrounding communities indicated the pay scale for the librarians is 10% lower than other communities and the Library runs the risk of losing talented professionals. Board Member Sanguinetti asked that the Council provide additional funding in the future to enable the Library to increase wages. He indicated the sustainability of the Friends of the Library is of concern. Library Director Adamowski reported that the interior remodel is complete and was funded at 75% with donated funds. She indicated they will begin their strategic plan May 1. Board Chair Fenne stated the Library has developed a partnership with the DuPage Foundation for their endowment program and stated donated funds of $27,435 have been collected to date. In response to Council questions, Library Director Admowski stated: 1. she would provide a report on crime statistics, such as theft, to the Council, 2. she estimated 1,500 people use the library on a daily basis, 3. door counters have now been installed at all entrances to the Library,  4. the only part of the remodel that was not funded by donated funds was the purchase of the DVD shelving, if that was removed from the calculations, the remodel was 100% funded by donations, 5. capital equipment replacement will not require new tax dollars as funds have already been set aside, 6. the café has been a great addition and draw for the Library and the expanded teen center will be well utilized, 7. plans are to move the endowment program to the DuPage Foundation for fund raising efforts, 8. DVD rentals remain fairly high, 9. they plan on holding more social events and offer more instructional classes at the Library, 10. it is estimated 49% of residents have a Library card, including children 5 and up. b. Downtown Wheaton Association City Manager Dzugan stated the City provides $176,000 in funding on an annual basis to the DWA. Ms. Paula Barrington, Executive Director, presented an overview of DWA activities for the past year. She indicated 13 new businesses opened in the downtown, with 4 additional businesses opening in the coming months. She indicated they have a vacancy rate of less than 5%. DWA Board Vice President Richard O’Gorman summarized the DWA events held during 2016. He stated their goals are to work more closely with Wheaton College and have a sidewalk sale during the Taste of Wheaton. In response to Council questions, Mr. O’Gorman stated he feels the French Market is a huge contributor to shoppers in the downtown area. DWA Board President Donna Hesik recapped their marketing campaign utilizing print, social media, an e-newsletter and the DWA website. She stated the additional $40,000 funding from the City would be used for increased marketing efforts, particularly letting people know shops are open during the downtown streetscape construction project. Ms. Hesik also indicated they would like to establish a year-round campaign – Shop Small Shop Local – to assist small business entrepreneurs, many of whom are struggling. Ms. Diane Moore, DWA member, stated the first strategy meeting for “Shop Small Shop Local” will be held on March 22, 2017. Mr. Ron Diener, DWA Treasurer, discussed the DWA budget and feels the funds provided by the City serve as an investment in the City. He stated branding and streetscape marketing are key items which would be funded by the additional $40,000. In response to Council questions, Mr. Jim Mathieson, past DWA president, confirmed that the City money referred to in their reports only refers to the supplemental $40,000, not money from the SSA; the DWA hopes to have an event a month; they are generating revenue from some of the events; ad revenue from the Living Wheaton magazine is difficult to measure and marketing and advertising during the streetscape construction project is important to keep bringing people into the downtown area. 2 In response to Council questions regarding efforts directed to businesses south of the railroad tracks, Ms. Barrington stated the Wine Walk event brought people to the south business area and they plan on holding more events on the south side of the tracks, including Vintage Rides in 2018. She hopes to be able work more closely with Mariano’s to increase their community involvement. Responding to Council questions, City Manager Dzugan stated discussions will be held at the Budget Workshop on March 18 regarding funding for the downtown renovations. c. Police Department i. General Fund – Police Chief Volpe stated that the Police Department reorganized its SWAT team by assigning three officers to the DuPage County SWAT team, rather than maintaining a trained force of 14 SWAT officers within the Department. That move, along with creation of an internal training program, has reduced costs for training and overtime. In addition, he reported that eliminating the 11 -7 shift in the Records Division and instead staffing with three Police Service Representatives on each of the two remaining shifts, has also reduced overtime costs. In response to Council questions, Chief Volpe stated SWAT officers trained two days per month, 8 hours per day at a cost of approximately $65 per hour per officer. He estimated that the Department is realizing approximately $86,000 in savings in training, equipment and ammunition costs. Chief Volpe stated they are continuing to certify internal training personnel to reduce the need for outside training instructors and they plan to certify all officers in Crisis Intervention Training. Finance Director Lehnhardt advised the Police Department’s budget reflects an increase of $536,665. ii. Parking Fund – Finance Director Lehnhardt indicated the meter revenue and fines cover operating costs at this time. City Manager Dzugan stated the City will undertake a parking meter study in the near future and analyze revenue versus the cost of maintenance. iii. Capital Equipment Replacement Fund – Finance Director Lehnhardt directed the Council to page 379 of the Draft Budget and stated $43,000 has been budgeted to replace four items for the Police Department. iv. Building Renewal Fund – Finance Director Lehnhardt stated an update to the firing range has been included in the budget. The City Council announced a break at 8:37 p.m. The Budget Workshop resumed at 8:45 p.m. d. General Government i. Mayor and City Council - City Manager Dzugan reviewed the Council’s accomplishments of establishing the Downtown Streetscape preliminary scope, as well as the objectives for a new residential solid waste program. He indicated the next steps are 3  to finalize the Downtown Streetscape scope and funding and provide oversight for implementation of a 5-year Capital Improvement Plan (CIP). Finance Director Lehnhardt indicated this budget shows an increase of $224. ii. Boards and Commissions – Finance Director Lehnhardt reported a $3,000 increase in this fund. iii. Senior Citizen Programs – City Manager Dzugan reported the Housing Assistance Program no longer has a backlog. In response to Council questions, he indicated residents must meet certain criteria in order to receive assistance. City Manager Dzugan explained the Ride DuPage Program serves senior citizens, people with disabilities and provides discounted rides to and from work for qualified riders. City Manager Dzugan stated he will provide data regarding utilization of Ride DuPage. Finance Director Lehnhardt reported no increase in funding for these programs. iv. City Manager’s Office – City Manager Dzugan stated accomplishments included the implementation of a new, innovative residential solid waste program as well as the development of the first 5-year Capital Improvement Plan. Goals include completing Phase I of the Downtown Streetscape Plan and driving the Council’s strategic priorities throughout the organization. Finance Director Lehnhardt reported a less than 2% increase in the City Manager’s budget. v. Legal Services – Finance Director Lehnhardt reported an increase of $2,000. vi. Finance – Finance Director Lehnhardt reported an overall reduction of $37,000. He stated his department worked closely with other departments on developing the Capital Improvement Plan. He reported they have created self-service applications for residents to pay general bills, business licenses and parking tickets online. Finance Director Lehnhardt stated they will continue to develop financing strategies for the CIP and to transition financial reporting to a calendar year. In response to Council questions, Finance Director Lehnhardt anticipates the transition to a calendar year will start in 2019. City Manager Dzugan stated there may be some software costs, but the majority will be the staff time involved in the transition. Finance Director Lehnhardt stated the transition will align budget discussions more closely with the levy. a. Capital Equipment Replacement Fund - responding to Council questions regarding the ERP program, IT Director Michaelis stated the Purchasing module is the only major module left to implement. He stated the ERP program has provided a greater amount of flexibility in operations through the integration of various departments, such as permitting and licensing. 4  b. Building Renewal Fund – modernization of the Finance Department has been budgeted for this fiscal year. vii. Human Resources – HR Director Schulz stated they were able to successfully negotiate a 5-year CBA with the Local 150 union and have created efficiencies in the department while transitioning to a new HR Director and HR Generalist. She indicated other union negotiations and the development of a Human Capital Plan are in progress. Finance Director Lehnhardt reported an overall budget reduction of $54,000. In response to Council questions, HR Director Schulz reported the City currently has no vacancies and is working on hiring seasonal workers. viii. Information Technology – IT Director Michaelis stated the City has successfully migrated to Office 365 and the Department implemented an Information Security Program for the City. Goals are to complete the ERP implementation and replacement of the City’s aging network infrastructure next year. Director of Finance Lehnhardt reported an $87,000 increase. a. Technology Replacement Fund – Finance Director Lehnhardt stated $180,000 has been budgeted for next year. ix. Communications – Public Information Officer Thrower stated the Department’s accomplishments revolve around connections and the addition of a City Facebook page. She stated Communications staff have increased channel viewership with the creation of the new City Scene and Wheaton Insider shows. PIO Thrower advised Department goals include redesigning the entire City website and streaming Channel 10 live online. Finance Director Lehnhardt reported an increase of $7,800 in the Communications budget. x. Planning & Economic Development – Planning & Economic Development Director Kozik stated accomplishments include hiring an engineering team for design services for Phase I of the Downtown Streetscape Plan and development and implementation of parking strategies for the Downtown area to benefit both customers and employees. He indicated goals are to complete the design development for Downtown Streetscape Phase I and provide a training session for members of the Planning & Zoning Board. Finance Director Lehnhardt reported a decrease of approximately $10,000. In response to Council questions, Planning & Economic Development Director Kozik agreed that legal representation should perhaps be present at some of the Planning & Zoning Board meetings. He reported that the City has received preliminary inquiries from an auto service center for the property at 800 E. Roosevelt. 5  a. Tax Increment Financing (TIF) Districts – Finance Director Lehnhardt advised that TIF One expired on December 31, 2016 and there are sufficient funds in the City’s reserves to cover any remaining expenses. With regard to TIF Two, City Manager Dzugan stated the City is still awaiting a final determination on the Wheaton 121 tax assessment appeal. Director of Finance Lehnhardt reported an increase in legal services for TIF Three. xi. Engineering – Director of Engineering Redman stated they have completed studies of 9 flood prone properties with 11 remaining to be studied. He reported they completed an annual report to the IEPA on the City’s efforts to meet the objectives of NPDES Phase II MS4 permit for the stormwater program. Director of Engineering Redman stated goals include completing the Bikeway Routes Signage Plan and the completion of drainage improvements on Wesley Street between Ellis Avenue and Western Avenue. Finance Director Lehnhardt indicated a $32,000 increase in this budget. a. Motor Fuel Tax Fund – City Manager Dzugan stated this fund, as well as the new sidewalk program will be discussed the March 18 Budget Workshop. xii. Building and Code Enforcement - Assistant City Manager Duguay advised that the Building Department implemented the Tyler-Munis Software program for permits, contractor registration, plan review, inspections and code enforcement. In addition, the Department provided handheld field inspection tablets which connection directly to the Tyler-Munis program. Assistant City Manager Duguay stated Department goals include review of the 2018 ICC code books and recommendations to the City Council, as well as evaluation of the effectiveness of the Department as determined by the Insurance Service Office. In response to Council questions, Assistant City Manager Duguay stated he would provide information on the level of costs in the Building Department that are covered by permit fees. He indicated the Building Department has been discussing implementing a customer feedback survey. Assistant City Manager Duguay stated the Department’s goal is to process permits within two weeks, although that timeframe may be longer during busy times. Finance Director Lehnhardt reported a $75,000 increase in the budget, which includes the addition of a part-time customer service position. xiii. Buildings and Grounds – Facilities Manager Schefske indicated repair and reconstruction of the City Hall parking lot has been completed, as well as the installation of fiber optic cable in the garages enabling the Police Department to view the footage. Goals include renovation of the Finance Department, as well as flooring upgrades in Public Works and Fire Station #38. Finance Director Lehnhardt reported an increase of $8,800 in this budget. 6 II. Public Comment None. III. Council Questions/Comments None. IV. Adjournment The Budget Workshop adjourned at 9:49 p.m. cc: Mayor & City Council City Manager City Clerk Department Heads 7  emorandum Michael G. Dzu’an City Manager TO: The Honorable Mayor & City Council DATE: March 10, 2017 SUBJECT: Downtown Wheaton Association 2017/18 Budget At the Monday, March 13, 2017 Budget Workshop Session, the Downtown Wheaton Association will be presenting their 2017/18 budget. Please find attached the Downtown Wheaton Association’s Profit & Loss Budget Overview, May 2017— April 2018. Also please find attached the Downtown Wheaton Association’s Compiled Financial Statements for the years ending April 30, 2016 and 2015. The budget submitted by the DWA offers two budgets for consideration by the City Council. The first budget notes the income and expenditures without supplemental funding from the City. The second budget reflects income and expenditures based upon the DWA receiving supplemental funding in the amount of $40,000. The staff has not included the $40,000 supplemental funding in the draft budget that is before you. If you chose the budget option which includes the $40,000 supplemental funding, the staff would add a line item in the Contractual Services Account of the Planning & Economic Development Department. Attachments  Al BICIDI El FIGI H ‘ I K i Downtown Wheaton Association 2 Profit & Loss Budget Overview 3 May 2017-April 2018 Accrual Basis 4 Without City Funding With City Funding May ‘17-Apr. ‘18 May ‘17-Apr. ‘18 6 Ordinary Income/Expense - 7 Income 8 4000 Income 9 4600 Membership Dues 6,000.00 6,000.00 10 4800- Event Income (Loss) 11 Wine Walk 15,000.00 15,000.00 Gift Certificates 0.00 - 12 13 July 4th Events -1,200.00 -1200.00 14 Christmas -12,000.00 -20000.00 - 15 Chili Cook Off 17,000.00 17,000.00 16 Halloween -1,500.00 -1500.00 17 Restaurant Week 5,000.00 5,000.00 18 Easter -1,500.00 -1500.00 19 Taste of Wheaton -2,000.00 -2000.00 20 Vintage Rides -5,000.00 -5000.00 21 Art Walk -300.00 -300.00 22 Back to School Wheaton College -200.00 -1000.00 23 Ice Fest -3,000.00 -5000.00 24 Sidewalk Sale -3,000.00 -4000.00 25 Bike Wheaton Fest -2,000.00 -3000.00 26 Total Event and Membership income (loss 11,300.00 -1500.00 27 28 29 30 31 Page 1 of 5  AIBICIDI El FIGI H I ‘ I I K 4 Without City Funding With City Funding S May 17-Apr. 18 May ‘17-Apr. ‘18 32 SSA/TlFlncome 33 - 4152 SSA#7 General 106,210.90 106,210.90 34 4160 TIF #2 Income 73,834.61 73,834.61 35 4161 City Funding -3,733.31 -3733.31 36 Total SSAITIF Income 176,312.20 176,312.20 37 38 9102 City Marketing Funding 0.00 40,000.00 39 40 Total Income 187,612.20 214,812.00 41 42 Expenses 43 Economic Development 44 Signage for new business 1,000.00 1,000.00 45 Economic development printing 200.00 200.00 46 Brokers Walk 1,000.00 1,000.00 47 Total 2,200.00 2,200.00 48 49 6000 Administrative Expenses so Administrative Printing 700.00 700.00 51 Graphic Design 1,000.00 1,000.00 52 Postage and delivey 500.00 500.00 53 Total 2,200.00 2,200.00 54 55 6400 Office Expenses 56 Annual Meeting Reception 1,500.00 1,500.00 57 Annual Awards 700.00 700.00 58 Total 2,200.00 2,200.00 59 Page 2 of 5  Al BICIDI El FIGI H I J ‘K 4 Without City Funding With City Funding 5 May ‘17-Apr. 18 May ‘17-Apr. ‘18 60 6419 Equipment Purchase 500.00 500.00 61 62 - 6420 Equipment Rental 200.00 200.00 63 64 6425 Banking and CC Processing Fees 65 Line of Credit Payments 275.00 275.00 66 Credit card processing and bank fee 1000.00 1,000.00 67 Total 1,275.00 1,275.00 68 69 6430 Dues 400.00 400.00 70 71 6450 Professional fees 72 Accounting 1,600.00 1,600.00 73 Legal 300.00 300.00 74 IT Consulting 1,200.00 1,200.00 75 Website Maintenance 3,000.00 3,000.00 76 Total 6,100.00 6,100.00 77 78 6480 Insurance 5,000.00 5,000.00 79 6520 Telephone & Internet 2,400.00 2,400.00 80 6525 Office Supplies 3,000.00 3,000.00 81 6560 Travel 100.00 100.00 82 83 6565 Meals & Entertainment 84 Board and Committee Meetings 600.00 600.00 85 Chamber luncheons and dinners 1,200.00 1,200.00 86 Meals and special meeting 300.00 300.00 87 Prayer Breakfast 300.00 300.00 88 Total 2,400.00 2,400.00 Page 3 of 5  AIBICIDI El FIGI H ‘ I K 4 Without City Funding With City Funding - May ‘17-Apr. ‘18 May ‘17-Apr. ‘18 5 89 90 6438 Marketing 91 Chamber Directory Advertising 500.00 500.00 92 DWA App License 1,700.00 1,700.00 93 Event Postcard 500.00 500.00 94 Street Banners 5,000.00 5,000.00 - 95 Collateral Printing 1,000.00 1,000.00 96 Print Advertising 6,000.00 6,000.00 97 Sponsorship 700.00 700.00 98 Kiosk 500.00 500.00 99 Photography 500.00 1,500.00 100 Branding & Marketing 10,000.00 21,000.00 101 Streetscape marketing 11,200.00 102 Socia Media (FB/lnstagram) 2,000.00 4,000.00 103 Living Wheaton Newsletter 2,000.00 4,000.00 104 Shoppers Guide Brochure 1,000.00 1,000.00 105 Total 31,400.00 58,600.00 106 107 108 6811 Rent 18,600.00 18,600.00 109 [10 - - 111 6475 Subscriptions 400.00 400.00 [12 L13 114 6900 Depreciation Expense 300.00 300.00 115 116 7000 Payroll Expenses 117 Executive Director 64,480.00 64,480.00 Page 4 of 5  ABCD El FIGI H J K 4 Without City Funding With City Funding 5 May 17-Apr. 18 May ‘17-Apr. 18 118 Admin. Event Assistant 26,000.00 26,000.00 119 Total 90,480.00 90,480.00 120 121 7000 Payroll Taxes 122 FICAIMICA - 6,921.00 6,921.00 123 Federal Unemployment 150.00 150.00 - -- - 124 IL Unemployment 140.00 140.00 Payroll processing fees - 900.00 900.00 125 126 Total 8,111.00 8,111.00 127 128 129 7150 Employee Benefits! Insurance 4,500.00 4,500.00 130 131 Total Expenses $181,766.00 $208,966.00 132 133 i Net Income $5,846.20 $5,846.00 Page 5 of 5 DOWNTOWN WHEATON ASSOCIATION Compiled Financial Statements For the Years Ended April 30, 2016 and 2015  TABLE OF CONTENTS Page Compilation Report 1 Statements of Financial Position 2 Statements of Activities and Changes in Net Assets 3 Statements of Cash Flows 4 Supplementary Information Schedules of Events 5 Schedules of Operating Expenses 6  MATHIEs0N MOYSKI AUSTIN (6301 (53-l6i6 ‘Ax 630) 653- 735 S.. LLP MMAadvisors.corn Certified Public Accountants and Advisors 211 South \Vheaton Avenue • Suite 300 Wheaton. illinois 60 87 Accountants’ Compilation Report To the Directors Downtown Wheaton Association Wheaton, IL 60187 Management is responsible for the accompanying financial statements of Downtown Wheaton Association (a nonprofit organization), which comprise the statements of financial position as of April 30, 2016 and 2015, and the related statements of activities and cash flows for the years then ended, and the related notes to the financial statements in accordance with accounting principles generally accepted in the United States of America. We have performed a compilation engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. We did not audit or review the financial statements nor were we required to perform any procedures to verify the accuracy or completeness of the information provided by management. Accordingly, we do not express an opinion, a conclusion, nor provide any form of assurance on these financial statements. The supplementary information contained in these financial statements is presented for purposes of additional analysis and is not a required part of the basic financial statements. This information is the representation of management. The information was subject to our compilation engagement, however, we have not audited or reviewed the supplementary information and, accordingly, do not express an opinion, a conclusion, nor provide any form of assurance on such supplementary information. Management has elected to omit substantially all of the disclosures required by accounting principles generally accepted in the United States of America. If the omitted disclosures were included in the financial statements, they might influence the user’s conclusions about the Organization’s financial position, changes in net assets, and cash flows. Accordingly, these financial statements are not designed for those who are not informed about such matters. We are not independent with respect to Downtown Wheaton Association. aA ,< October 7, 2016  DOWNTOWN WHEATON ASSOCIATION STATEMENTS OF FINANCIAL POSITION APRIL 30, 2016 AND 2015 ASSETS 2016 2015 CURRENT ASSETS: Cash and cash equivalents S 37,333 $ 43,872 Accounts receivable 2,470 TOTAL CURRENT ASSETS 39,803 43,872 PROPERTY AND EQUIPMENT: Furniture, fixtures and computer equipment 2,718 2,115 Less: accumulated depreciation (1,876) (1,512) TOTAL PROPERTY AND EQUIPMENT 842 603 OTHER ASSETS: Deposits 2,000 2,000 TOTAL ASSETS S 42,645 S 46,475 LIABILITIES AND NET ASSETS LIABILITIES: Accounts payable $ 1,292 S - Deferred government revenue 15,000 TOTAL LIABILITIES 16,292 NET ASSETS: Unrestricted 26,353 46,475 TOTAL LIABILITIES AND NET ASSETS $ 42,645 $ 46,475 See Accountants’ Compilation Report 2  DOWNTOWN WHEATON ASSOCIATION STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS FOR THE YEARS ENDED APRIL 30, 2016 AND 2015 2016 2015 REVENIJE: Government support S 201,382 S 202,235 Membership dues 5,897 6,600 Sponsorship fees - 100 Interest income 33 55 Event revenue, net (21,111) (6,458) TOTAL REVENUE 186,201 202,532 EXPENSES: DIRECT EXPENSE: Organizational expense 3,984 2,904 Marketing expense 48,485 16,385 Sponsorship expense 1,418 TOTAL DIRECT EXPENSE 53,887 19,289 OPERATING EXPENSE 152,436 137,522 EXCESS (DEFICIENCY) REVENUES OVER EXPENSES (20,122) 45,721 OTHER INCOME (EXPENSE): Other income - 1,727 Interest expense (228) TOTAL OTHER INCOME (EXPENSE) 1,499 INCREASE (DECREASE) IN NET ASSETS (20,122) 47,220 NET ASSETS (DEFICIT) BEGINNING OF YEAR - 46,475 (745) NET ASSETS END OF YEAR - S 26,353 S 46,475 See Accountants’ Compilation Report 3  DOWNTOWN WHEATON ASSOCIATION STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED APRIL 30, 2016 AND 2015 2016 2015 CASH FLOWS FROM OPERATING ACTIVITIES: Change in net assets S (20,122) S 47,220 Adjustments to reconcile change in net assets to net cash provided (used) by operating activities: Depreciation 364 350 Changes in: Accounts recievable (2,470) Accounts payable 1,292 (2,636) Deferred government revenue 15,000 NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES (5,936) 44,934 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of capital assets (603) - CASH FLOWS FROM FINANCING ACTIVITIES: Net activity, bank line-of-credit - (10,000) NET INCREASE (DECREASE) IN CASH (6,539) 34,934 CASI-I BEGINNING OF YEAR - 43,872 8,938 CASH-ENDOFYEAR $ 37,333 $ 43,872 See Accountants’ Compilation Report 4 SUPPLEMENTARY INFORMATION  DOWNTOWN WHEATON ASSOCIATION SCHEDULES OF EVENTS FOR THE YEARS ENDED APRIL 30, 2016 AND 2015 2016 2015 Receipts Disbursements Net Receipts Disbursements Net EVENTS: Wine Festival $ 2,125 S 2,167 S (42) S 885 S 788 S 97 - 446 (446) - 4th of July Events 1,109 (1,109) Dickens Christmas 5,510 17,302 (11,792) 10,345 18,352 (8,007) - 263 (263) Weilness Fair 17,744 4,823 12,921 15,916 4,420 11,496 ChiliCookOff 200 1,128 (928) 300 905 (605) Halloween 6,927 6,084 843 5,307 3,939 1,368 Restaurant Week - 1,077 (1,077) - Wedding Walk - - 1,615 (1,615) 2,193 (2,193) Easter - 1,564 (1,564) - Taste ofWheaton 1,580 (1,580) 2,375 6,837 (4,462) 4,250 4,639 (389) Vintage Rides - 200 (200) - - Jazz Fest - 225 (225) - - Art Walk - - - 150 (150) 100 (100) Back to School Wheaton College - - - - Witches of Wheaton 2,230 (2,230) 3,221 6,350 (3,129) 750 4,950 (4,200) Ice Fest - - - Sidewalk Sale 3,008 (3,008) - - - Gift Certificate Sales 14,224 15,779 (1,555) 3,275 (3,275) 150 (150) Bike Wheaton $ 52,326 S 73,437 S (21,111) S 37,753 $ 44,211 $ (6,458) TOTAL EVENTS See Accountants’ Compilation Report 5  DOWNTOWN WHEATON ASSOCIATION SCHEDULES OF OPERATING EXPENSES FOR THE YEARS ENDED APRIL 30, 2016 AND 2015 2016 2015 OPERATING EXPENSES: Salaries and wages 5 78,278 $ 77,422 Payroll tax expense 6,415 6,133 Employee benefits 4,341 4,504 Office supplies and expense 5,303 3,854 Annual meeting and awards 2,802 1,041 Bank and credit card fees 1,735 1,665 Dues and subscriptions 675 292 Chamber luncheons - 155 Memberships - 485 Professional fees 4,558 3,840 Website maintenance 8,468 7,057 Printing 3,082 1,213 Insurance 4,960 4,772 Parking 600 610 Postage and delivery 1,351 622 Telephone and internet 3,766 3,313 Rent 17,600 18,400 Temporary labor 140 - Advertising 990 - Travel and entertainment 1,693 1,794 Licenses and permits 2,567 - Collaterals 717 Special events 689 - Shoppers guide 702 - Graphic design 640 Depreciation 364 350 TOTAL OPERATING EXPENSES $ 152,436 $ 137,522 See Accountants’ Compilation Report 6