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HomeMy WebLinkAboutURD Finance Report 10-8-20Downtown URD October 2020 Finance Report Downtown Urban Renewal District Finance Report Category Board & CC Approved Budget FY2021 YTD IncomeStarting Cash Balance 3,100,000 2,506,000 final from FY20Income from TIF 335,000 - COB Interlocal Share 1,400,000 - Entitlement Share State of Montana 56,050 - Interest Income 20,000 - Other Income - - Total Income 4,911,050$ 2,506,000$ Expenses OperationsDBP Management Fee 175,000 87,500 Total Operations 175,000$ 87,500$ Infrastructure ImprovementsStreet Furniture and Park Maintenance 15,000 1,350 Streetscape--new purchases 30,000 2,596 8071 Victor StanleyNorth Rouse Streetscape Project 596 DBP Streetlamps (26 qty)85,000 Phase 1 Construction: Conduit 60,000 24,966 Phase 2 Construction: Lamps 80,000 North Willson Streetscape Project 75,000 Streetscape Assistance Grant Program 50,000 Streetlamp Power Reconfiguration Project 250,000 Alley Improvements 50,000 FY20 Encumbered 19,000 DBIP: Bozeman Creek Improvements 50,000 Library Pedestrian Safety Improvements 15,000 Life-Safety Grant Program 50,000 Fiber Infrastructure 100,000 Fiber-Broadband Infrastructure--Grants 10,000 3,125 Alternative Transportation Projects 25,000 Total Improvements 964,000$ 32,037$ PlanningCity Economic Development Specialist 21,740 Technical Assistance Grants 50,000 FY20 Encumbered Funds 15,000 5,036 Residential Incentive Program 200,000 Armory Hotel Incentive Encumbered Funds 100,000 100,000 DBIP: Transportation Planning Encumbered Part One--Concepts 31,710 4,390 4390 SandersonPart Two--Data, Analysis, Cost Est 90,590 DBIP: Alley Planning 25,000 5,443 997 DHM designDBIP: Bozeman Creek Planning 30,000 10,000 5000 MTA DBIP: Soroptomist Park Planning 6,000 DBIP: Code Amendments 10,000 1,138 83 GroundprintDBIP: Design Guidelines-Historic Inventories 38,750 38,750 38750 City of BozemanDBIP: General Implementation 100,000 5,900 FY20 Encumbered Truck Study 15,000 6,155 654 WTISILD & Streetscape Engineering 25,000 Structured Parking Feasibility Analysis 25,000 1,703 1500 SandersonStructured Parking Informal, Site Plan, Bids 750,000 South Wallace Asbestos Project 75,000 Professional Services Term Contract 75,000 528 Streetscape Preliminary Engineering 25,000 Total Planning 1,708,790$ 179,043$ Parking Structure Garage Bond Payment 335,000 Total Parking Garage Payments 335,000$ -$ Total Expenses 3,182,790$ 298,580$ 60,041 Balance 1,728,260$ 2,207,420$ The FY2021 Budget was approved by the URD Board on 6-16-20 and approved by the City Commission on 7-13-20 recent activity URD Finance Report 10-8-20