HomeMy WebLinkAboutJUEA Renewal_PresentationNov2019FINAL11/19/2019
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Zone Renewal Request
Signature Initiatives
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2
11/19/2019
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Select
Historical
Projects
•Steamboat Days $25k
•Clark County Museum $30k
•Art Bike Racks $10k
•Chestnut St. Arch Sign $32k
•Pearl Street Sidewalks $36k
•Vintage Fire Museum $26k
•Eastern & Spring Remediation $50k
•City Wayfinding Signage $105k
•Flat12 Bierwerks Façade $12k
•Main St Revitalization Grant $128K
2013
to
2015
LouVelo
Bikeshare
station
system wide
(of 32)
#1
stations
3
3
4
11/19/2019
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Spring Street
Enhancement
$300,000
•cost estimation
•design
•construction
Jeff Main
Street Inc.
annual
support
$125,000
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6
11/19/2019
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City
Partnerships•Big Four Station Park
Maintenance & Security
•Envision Center
•Sidewalk reformat on Chestnut
•Lighting on Pearl Street
•Saving the 1915 Masonic Bldg.
partial
funding
committed to
many city
initiatives
Scholarships
student
scholarships
11
$115,000
2013 to now
(8 semesters
per student)
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8
11/19/2019
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Community
Events
Fresh Stop Produce
Market
Farm to Table &
Progressive Dinner
Clark County Cares
Claysburg Days
Steamboat Nights
Women Empowering
Women
Neighborhoods
Rose Hill
Cherry Hill
Port Fulton
Park Place
Franklin Commons
Claysburg
annual grants
available to
associations in
the zone
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10
11/19/2019
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Real Estate
Improvement
Claysburg Front
Porch Grant
Real Estate
Improvement
Clark County
Health Dept.
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12
11/19/2019
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Real Estate
Improvement
Steamboat Museum
Carriage House
Real Estate
Improvement
Silica Ceramic
Studio
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14
11/19/2019
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Real Estate
Improvement
St. Paul’s
Episcopal Church
Tree Walk
miles
1.5
trees
140
species
70
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11/19/2019
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General Ledger
2018 General Ledger Detail
General Expenses $
Bank Charges $235.40
Insurance $3,331.12
1099 Contractors $16,375.00
Legal & Professional
Services
$26,002.08
Reimbursable Exp.$519.37
Office Supplies $82.09
Utilities $1,096.97
Total $47,122.66
Projects $
Equipment $131,703.93
Events $16,461.99
Jeff Main Street Inc.$105,837.35
Neighborhoods $10,122.00
Programming $10,000.00
Real Estate
Improvements
$102,917.03
Scholarships $15,000.00
Rent & Lease $15,600.00
Maintenance $68,916.12
Total $476,558.42
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11/19/2019
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2018 Financial Overview
Revenues $
2017 Carryover $420,026.60
Compliance Revenue $406,093.21
Interest Earned $1,953.03
Total $828,072.84
Expenses $
General Expenses $47,122.66
Projects $476,558.42
Total $523,681.08
Net Operating ACCRUAL BASIS
Total Revenue (all)$828,072.84
Total Expenses 18 $523,681.08
End of Year $304,391.76
*Prior year funds kept organization in the black.
Net Operating CASH BASIS
Total Revenue 17-18 $408,046.24
Total Expenses 18 $523,681.08
End of Year ($115,634.84)*
•Spend at least 65% of its
total expenses on
program activities.
•“We want to verify that
the money a charity
spends is being used to
fulfill its mission.”
476,558
523,681
Finance Standards
Program Expenses Expenses $
General Expenses $47,122.66
Projects $476,558.42
Total $523,681.08
=91%
exceed the standard!
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11/19/2019
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$523,681.08
$462,640.83
$221,476
$185,442 $185,442 $167,229 $167,229 $142,518 $141,529 $141,529
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000
$550,000
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
Revenue Forecast
5 Year Renewal
*Impact of Jeffboat Closure is a loss of $240,000
potential revenue stability if new projects occur*
Governance
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11/19/2019
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Powers and duties of an urban
enterprise association
Sec. 14. (a) A U.E.A. shall do the following:
(1) Coordinate zone development activities.
(2) Serve as a catalyst for zone development.
(3) Promote the zone to outside groups and individuals.
(4) Establish a formal line of communication with
residents and businesses in the zone.
(5) Act as a liaison between residents, businesses, the
municipality, and the board for any development
activity that may affect the zone or zone residents.
(IC 5-28-15-14)
Governance Changes
Bylaws Update
Significant changes include:
•Presentation to council
annually
•Financial Review every 2
years
•Currently engaged in a
financial review for
2017 & 2018 with MCM
Ratified by Board on 11/13/19
•Documents available online in
the future
•Director is non-voting
member & Chairperson may
not be an elected official or
candidate
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11/19/2019
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Benefits
Loan Interest
Credit
Qualified
Employee
Deduction
Investment
Deduction
Employee
Expense Credit
Businesses Lenders Residents
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26
11/19/2019
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We have seen an
increase in lending
to Zone businesses.
City Employees and
other downtown
business
employees benefit.
Increased
expansions and
new business
attraction
continues.
Businesses Lenders Residents
EZB-R Schedule LIC IT-40QEC
Extension Request
Jan. 2020 –Dec. 2024
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