Report to: General Committee Report Date: May 25, 2009

SUBJECT: 2009 Unionville B.I.A. Operating Budget

PREPARED BY: Andrea Tang, Manager of Financial Planning

RECOMMENDATION:

That the report entitled “2009 Unionville B.I.A. Operating Budget” dated May 25, 2009 be received;

And that the 2009 Operating Budget in the amount of $225,992 for the Unionville B.I.A. be approved;

And that the Special Tax Rate levy, in the amount of $199,500, for the Unionville B.I.A. members be included in the 2009 Tax Levy By-law:

And that Staff be authorized and directed to do all things necessary to give effect to this resolution.

EXECUTIVE SUMMARY:

Not applicable

1. Purpose 2. Background 3. Discussion 4. Financial

5. Others (Environmental, Accessibility, Engage 21st, Affected Units) 6. Attachment(s)

PURPOSE:

To obtain Council approval on the Unionville B.I.A. 2009 Operating Budget.

BACKGROUND:

The Unionville Business Improvement Area (B.I.A.) is a geographical area encompassing the Main Street of Unionville. The association co-ordinates promotion of the businesses within the area.

The Unionville B.I.A. has submitted a budget in the amount of $225,992 (Exhibit 1 attached). For comparison purposes, the Unionville B.I.A.’s 2008 budget was $205,506 (Exhibit 2 attached).

Funding of the 2009 operating budget, in the amount of $199,500, will be by means of a Special Tax Rate for those businesses within the Business Improvement Area. This does not affect the General Tax Rate. For budget and tax levy calculation purposes, the $225,992 proposed operating budget is increased by $20,000 from advertising and promotion revenue, $5,000 from fundraising and other revenue, and $1,492 due to the B.I.A.’s 2008 Operating surplus.

Major expenses budgeted for 2009 by Unionville B.I.A. are:

- Advertising expenses of $141,867

- Promotion expenses of $50,000

- Flowers, streetscape expenses of $15,000

The Board of Management of the Unionville B.I.A. have reviewed and approved the budget.

The authority to establish this tax rate and to levy taxes for the Unionville B.I.A. will be included in the 2009 levying by-law.

OPTIONS/ DISCUSSION:

Not applicable

FINANCIAL CONSIDERATIONS AND TEMPLATE: (external link)

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HUMAN RESOURCES CONSIDERATIONS:

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ALIGNMENT WITH STRATEGIC PRIORITIES:

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BUSINESS UNITS CONSULTED AND AFFECTED:

Not applicable

RECOMMENDED

BY: ________________________ ________________________

Barb Cribbett, Treasurer Andy Taylor, Commissioner

of Corporate Services

ATTACHMENTS:

Exhibit 1 – Unionville Business Improvement Area Proposed 2009 Budget

Exhibit 2 – Unionville Business Improvement Area 2008 Budget