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BROWN ACT:
Government Code 54950 (The Brown Act) requires that a brief description of each item to be transacted or discussed be
posted at least 72 hours prior to a regular meeting. The Corporation posts agendas with the City at 1 Frank H. Ogawa Plaza,
#101. Action may not be taken on items not posted on the agenda. Copies of the agenda are available from the Lake
Merritt/Uptown District Association at 388 19th Street, Oakland, CA 94612. Meeting facilities are accessible to persons with
disabilities. If you require special assistance to participate in the meeting, notify our office at 510 238-1122 at least 48 hours prior
to the meeting.

LAKE MERRITT/UPTOWN COMMUNITY BENEFIT DISTRICT

388 19th Street  Oakland, California 94612


Phone 510.452.4529  Fax 510.452.4530  info@lakemerritt-uptown.org  www.lakemerritt-uptown.org
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LAKE MERRITT/UPTOWN COMMUNITY BENEFIT DISTRICT

388 19th Street  Oakland, California 94612


Phone 510.452.4529  Fax 510.452.4530  info@lakemerritt-uptown.org  www.lakemerritt-uptown.org
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Lake Merritt Uptown District Association
YTD Cash Summary- February 2019

Perm/Temp Variance Comments


Cash Available YTD Actual YTD Budget YTD Variance (For variance amounts of 10% and $10K)
Assessment Income $719,321.82 $732,771.00 ($13,449.18) Unfavorable TV - January disbursement was less than
budget.

Less Reserve $42,000.00 $42,000.00 $0.00 Reserve reflects 3% of budgeted assessment


collection.

Less Payments From Reserve $792.80 $0.00 $792.80 Includes loan origination fees and interest.

Total Cash Available $677,321.82 $690,771.00 ($13,449.18) See comment above


Expenses
Marketing and Branding $3,484.49 $14,747.00 $11,262.51 Favorable TV - strategic projects pending
implementation (e.g. Big Belly ad campaign, updated
marketing collateral, and website updates).
Administrative (ORG) $50,787.55 $62,753.64 $11,966.09 Favorable TV - budgeted rent increase on spaces at
1924 Franklin St. and 388 19th St. not yet implemented
and percentage of projected end of year bonus included
in monthly allocation for Staff Personnel.
Clean and Safe $117,576.39 $165,368.68 $47,792.29 Favorable TV - BBB is ramping up to contracted service
levels and PROW Maintenance projects are pending
implementation.

Total Expenses $171,848.43 $242,869.32 $71,020.89 See comments above and expense detail attached.
Cash Remaining $505,473.39 $447,901.68 $57,571.71

Total Available Non-Assessment Funds as of 2/27/19 $24,917.41


* PV = Permanent Variance for the year.
* TV = Temporary Variance due to timing.
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10:27 AM Lake Merritt-Uptown District Association
2/28/19
Cash Basis February 2019 Expenses

LMUDA YTD Variance Report - February, 2019


* PV = Permanent Variance for the year.
* TV = Temporary Variance due to timing.
YTD Actual YTD Budget Variance % Var. Permanent Variance Comments Temporary Variance Comments
Operating Expenses Variance - 10% and $10,000 - Summary Line Items
Marketing and Economic
Enhancements
Marketing and Branding
Marketing & Communications 285.20 2,083.32 1,798.12 86%
Digital Media Coordinator 3,199.29 6,813.68 3,614.39 53%
Public Space Programming 0.00 5,850.00 5,850.00 100%
Total Marketing and Branding 3,484.49 14,747.00 11,262.51 76%
Administrative Expenses
Accounting Expenses 0.00 0.00 0.00
Computer Service & Support 60.68 250.00 189.32 76%
Consulting & Legal Expenses 0.00 166.68 166.68 100%
Fees & Permits 53.90 333.32 279.42 84%
Insurance
Directors & Officers 600.00 1,430.00 830.00 58%
General Liability 5,347.00 6,005.00 658.00 11%
Misc. 132.17 500.00 367.83 74%
Rent 8,100.00 12,000.00 3,900.00 33%
Office Furniture & Equipment 182.52 722.50 539.98 75%
Postage, Shipping & Delivery 0.00 50.00 50.00 100%
Printing & Copying 186.78 500.00 313.22 63%
Supplies 221.90 500.00 278.10 56%
Telephone & Telecommunications 543.32 333.32 (210.00) -63%
Annual Stakeholder Event 0.00 833.32 833.32 100%
Staff Personnel 35,359.28 38,296.18 2,936.90 8%
Training & Prof. Develop. 0.00 833.32 833.32 100%
Total Administrative Expenses 50,787.55 62,753.64 11,966.09 19%
Clean and Safe Enhancements
Clean and Safe 103,515.71 140,134.18 36,618.47 26% Favorable TV as BBB is actively hiring and ramping up to full
staffing levels.
Misc. 164.18 964.68 800.50 83%
Program Director 8,772.00 9,714.82 942.82 10%
Program Coordinator 5,098.00 5,303.00 205.00 4%
PROW Maintenance 26.50 9,252.00 9,225.50 100%
Total Clean and Safe 117,576.39 165,368.68 47,792.29 29%
TOTAL EXPENSE 171,848.43 242,869.32 71,020.89 29%
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