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Budgets, Levies and Rates
Contact Information
Key City BIA Staff and Liaisons
Literature
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Posssible Sources of Outside Funding
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Related City of Vancouver Links
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Sample Generic BIA Budget
| BIA
Revenues |
Amount |
Tax levy
|
$150,000
|
Other revenues (e.g., government job
grants, donations, advertising sales, T-shirts and pin sales,
bank interest).
|
$10,000 |
TOTAL BIA REVENUES
|
$160,000 |
|
|
| BIA
Expenditures |
Amount |
On-Street Amenities
|
$45,000
|
Street cleaning and graffiti removal
|
$25,000 |
Banners, decorations (3 year life
span)
|
$15,000 |
Administration and supplies
|
$5,000
|
|
|
Marketing
|
$40,000
|
Business directory
|
$15,000 |
Co-op Advertising
|
$3,000 |
Newsletters, posters. flyers
|
$8,000 |
Special/seasonal promotions
|
$3,000 |
Business recruitment
|
$3,000 |
Administration and supplies
|
$8,000 |
|
|
Security
|
$20,000 |
Seasonal street ambassadors
|
$7,000 |
Monitoring service
|
$5,000 |
Administration and supplies
|
$8,000 |
|
|
Government and Member Relations
|
$15,000 |
AGM and meetings
|
$2,000 |
Member forums and business networking
|
$5,000 |
Administration and supplies
|
$8,000 |
|
|
Resource Centre
|
$40,000 |
Rent
|
$10,000 |
Accounting, Legal, Insurance, Telephone
|
$5,000 |
Administration
|
$25,000 |
|
|
| TOTAL BIA EXPENDITURES |
$160,000
|
Additional sample budgets are available through the City’s BIA Coordinator,
peter.vaisbord@vancouver.ca
or tel: 604.871.6304.
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Typical Items in a BIA Budget
Please note: As a rule of thumb, administrative costs should be
less than 1/3 of the total budget.
1) Area promotion/marketing
- Special events
- Business directory
- Tourist brochure
- Parking coupons, maps
- Advertisements
- Street entertainment
- Christmas lights
- Flower baskets
- Banners
2) Maintenance & Security
- Electricity for lights
- Watering flowers
- Graffiti removal
- Sidewalk cleaning
- Crime prevention programs
3) Public Relations & Communications
4) Research/Consulting
- Market Studies
- Safety & security research
5) Administration
- Manager, events coordinator
- Secretary
- Summer students
- Rent
- Equipment
- Supplies and services
- Audit fees
- Insurance (public liability, directors)
In order to calculate the financial burden an average tenant can bear,
the City of Vancouver recommends working backward by calculating the number
of tenants times various dollar amounts (e.g., 300 tenants x $365 = $109,500).
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