BUDGET

REQUESTED SPECIAL ASSESSMENT FOR FISCAL YEAR 1995-1996

The 14th Street-Union Square Business Improvement District requests that the City Council levy a special assessment of $794,000 on the properties within its boundaries for the 1995-1996 Fiscal Year. This will be the fifth year in which the special assessment has remained constant.

Below are the Fiscal Year 1995 operating statement and the proposed Fiscal Year 1996 budget.

Operating Statement
Fiscal Year 1995 (July 1, 1994-June 30, 1995)

<table><thead><tr><th></th><th>7/1/94-2/28/95<br>Actual</th><th>3/1/95-6/30/95<br>Projected</th><th>Year End<br>Projected</th><th>FY95 Budget<br>Adopted</th></tr></thead><tbody><tr><td><strong>INCOME</strong></td><td></td><td></td><td></td><td></td></tr><tr><td>BID Assessment</td><td>$610,261</td><td>$183,739</td><td>$794,000</td><td>$794,000</td></tr><tr><td>Other Revenues</td><td>19,423</td><td>$3,577</td><td>$23,000</td><td>$23,000</td></tr><tr><td>Use of Reserves</td><td>$0</td><td>$195,269</td><td>$195,269</td><td>$97,849</td></tr><tr><td><strong>TOTAL INCOME</strong></td><td><strong>$629,684</strong></td><td><strong>$382,585</strong></td><td><strong>$1,012,269</strong></td><td><strong>$914,849</strong></td></tr><tr><td><strong>LESS:PROJECT EXPENSES</strong></td><td></td><td></td><td></td><td></td></tr><tr><td><strong>Sanitation</strong></td><td></td><td></td><td></td><td></td></tr><tr><td>Salaries</td><td>$15,813</td><td>$8,687</td><td>$24,500</td><td>$24,500</td></tr><tr><td>Payroll Taxes & Benefits</td><td>$2,799</td><td>$2,161</td><td>$4,960</td><td>$4,960</td></tr><tr><td>Sanitation Contract</td><td>$239,116</td><td>$119,558</td><td>$358,674</td><td>$358,674</td></tr><tr><td>Storefront Rent</td><td>$4,800</td><td>$2,400</td><td>$7,200</td><td>$7,200</td></tr><tr><td>Storefront Utilities/Maintenance</td><td>$1,037</td><td>$663</td><td>$1,700</td><td>$1,700</td></tr><tr><td>Supplies, Equipment, Misc.</td><td>$2,256</td><td>$1,618</td><td>$3,874</td><td>$3,874</td></tr><tr><td>Summer Jobs Program</td><td>$2,202</td><td>$0</td><td>$2,202</td><td>$2,500</td></tr><tr><td>Graffiti Removal Program</td><td>$26,956</td><td>$8,044</td><td>$35,000</td><td>$35,000</td></tr><tr><td><strong>Subtotal</strong></td><td><strong>$294,979</strong></td><td><strong>$143,131</strong></td><td><strong>$438,110</strong></td><td><strong>$438,408</strong></td></tr><tr><td><strong>Public Safety</strong></td><td></td><td></td><td></td><td></td></tr><tr><td>Salaries</td><td>$15,813</td><td>$8,687</td><td>$24,500</td><td>$24,500</td></tr><tr><td>Payroll Taxes & Benefits</td><td>$2,799</td><td>$2,161</td><td>$4,960</td><td>$4,960</td></tr><tr><td>Security Contract</td><td>$156,674</td><td>$91,250</td><td>$247,924</td><td>$247,924</td></tr><tr><td>Storefront Rent</td><td>$4,800</td><td>$2,400</td><td>$7,200</td><td>$7,200</td></tr><tr><td>Storefront Utilities/Maintenance</td><td>$1,704</td><td>$596</td><td>$2,300</td><td>$2,300</td></tr><tr><td>Printing/Publications</td><td>$1,889</td><td>$611</td><td>$2,500</td><td>$2,500</td></tr><tr><td>Supplies, Equipment, Misc.</td><td>$3,069</td><td>$2,405</td><td>$5,474</td><td>$5,474</td></tr><tr><td><strong>Subtotal</strong></td><td><strong>$186,748</strong></td><td><strong>$108,110</strong></td><td><strong>$294,858</strong></td><td><strong>$294,858</strong></td></tr><tr><td><strong>Promotions/Marketing</strong></td><td><strong>$7,895</strong></td><td><strong>$11,105</strong></td><td><strong>$19,000</strong></td><td><strong>$19,000</strong></td></tr><tr><td><strong>New Initiatives</strong></td><td></td><td></td><td></td><td></td></tr><tr><td>Retail Analysis</td><td>—</td><td>—</td><td>—</td><td>—</td></tr><tr><td>Additional Security Officers</td><td>$17,738</td><td>$22,262</td><td>$40,000</td><td>—</td></tr><tr><td>Pedestrian Lighting Program</td><td>—</td><td>$20,800</td><td>$20,800</td><td>—</td></tr><tr><td>Communications Upgrade</td><td>—</td><td>$12,000</td><td>$12,000</td><td>—</td></tr><tr><td>Union Square Park Design Study</td><td>—</td><td>$25,000</td><td>$25,000</td><td>—</td></tr><tr><td><strong>Subtotal</strong></td><td><strong>$17,738</strong></td><td><strong>$80,062</strong></td><td><strong>$97,800</strong></td><td><strong>$0</strong></td></tr><tr><td><strong>TOTAL PROJECT EXPENSES</strong></td><td><strong>$507,360</strong></td><td><strong>$342,408</strong></td><td><strong>$849,768</strong></td><td><strong>$752,266</strong></td></tr><tr><td><strong>Administrative Expenses</strong></td><td></td><td></td><td></td><td></td></tr><tr><td>Salaries</td><td>$67,859</td><td>$38,346</td><td>$102,815</td><td>$103,500</td></tr><tr><td>Payroll Taxes and Health Insurance</td><td>$12,021</td><td>$9,262</td><td>$21,283</td><td>$21,283</td></tr><tr><td>Part-time Workers/Consultants</td><td>$8,103</td><td>$3,500</td><td>$11,603</td><td>$10,000</td></tr><tr><td>Insurance</td><td>$3,890</td><td>$610</td><td>$4,500</td><td>$4,500</td></tr><tr><td>Supplies/Equipment</td><td>$3,359</td><td>$1,941</td><td>$5,300</td><td>$5,300</td></tr><tr><td>Printing/Postage</td><td>$1,696</td><td>$2,304</td><td>$4,000</td><td>$5,000</td></tr><tr><td>Meetings/Travel</td><td>$1,420</td><td>$2,580</td><td>$4,000</td><td>$4,000</td></tr><tr><td>Audit/Legal Fees</td><td>$6,705</td><td>$795</td><td>$7,500</td><td>$7,500</td></tr><tr><td>Miscellaneous</td><td>$914</td><td>$586</td><td>$1,500</td><td>$1,500</td></tr><tr><td><strong>TOTAL ADMIN. EXPENSES</strong></td><td><strong>$105,967</strong></td><td><strong>$59,924</strong></td><td><strong>$162,501</strong></td><td><strong>$162,583</strong></td></tr><tr><td><strong>TOTAL EXPENSES</strong></td><td><strong>$613,327</strong></td><td><strong>$402,332</strong></td><td><strong>$1,012,269</strong></td><td><strong>$914,849</strong></td></tr></tbody></table>

Budget Proposal
Fiscal Year 1996 (July 1, 1995-June 30, 1996)

<table><thead><tr><th></th><th>Fiscal Year 1996<br>As Proposed</th></tr></thead><tbody><tr><td><strong>INCOME</strong></td><td></td></tr><tr><td>BID Assessment</td><td>$794,000</td></tr><tr><td>Other Revenues</td><td>$19,000</td></tr><tr><td>Use of Reserves</td><td>$206,960</td></tr><tr><td><strong>TOTAL INCOME</strong></td><td><strong>$1,019,960</strong></td></tr><tr><td><strong>LESS: PROJECT EXPENSES</strong></td><td></td></tr><tr><td><strong>Sanitation</strong></td><td></td></tr><tr><td>Salaries</td><td>$26,215</td></tr><tr><td>Payroll Taxes & Benefits</td><td>$5,300</td></tr><tr><td>Sanitation Contract</td><td>$328,068</td></tr><tr><td>Storefront Rent</td><td>$7,200</td></tr><tr><td>Storefront Utilities/Maintenance</td><td>$1,895</td></tr><tr><td>Supplies, Equipment, Misc.</td><td>$4,250</td></tr><tr><td>Summer Jobs Program</td><td>$5,000</td></tr><tr><td>Graffiti Removal Program</td><td>$35,000</td></tr><tr><td><strong>Subtotal</strong></td><td><strong>$412,928</strong></td></tr><tr><td><strong>Public Safety</strong></td><td></td></tr><tr><td>Salaries</td><td>$26,215</td></tr><tr><td>Payroll Taxes & Benefits</td><td>$5,300</td></tr><tr><td>Security Contract</td><td>$260,320</td></tr><tr><td>Storefront Rent</td><td>$7,200</td></tr><tr><td>Storefront Utilities/Maintenance</td><td>$2,550</td></tr><tr><td>Printing Publications</td><td>$2,750</td></tr><tr><td>Supplies, Equipment, Misc.</td><td>$5,500</td></tr><tr><td><strong>Subtotal</strong></td><td><strong>$309,835</strong></td></tr><tr><td><strong>Promotions/Marketing</strong></td><td><strong>$35,000</strong></td></tr><tr><td><strong>New Initiatives</strong></td><td></td></tr><tr><td>Retail Analysis</td><td>—</td></tr><tr><td>Additional Security Officers</td><td>—</td></tr><tr><td>Pedestrian Lighting</td><td>$2,400</td></tr><tr><td>Communications Upgrade</td><td>—</td></tr><tr><td>Union Square Park Design Study</td><td>—</td></tr><tr><td>Union Square Park Gardener</td><td>$10,000</td></tr><tr><td>New Projects/Miscellaneous</td><td>$73,000</td></tr><tr><td><strong>Subtotal</strong></td><td><strong>$85,400</strong></td></tr><tr><td><strong>TOTAL PROJECT EXPENSES</strong></td><td><strong>$843,163</strong></td></tr><tr><td><strong>Administrative Expenses</strong></td><td></td></tr><tr><td>Salaries</td><td>$110,478</td></tr><tr><td>Payroll Taxes and Health Insurance</td><td>$22,819</td></tr><tr><td>Part-time Workers/Consultants</td><td>$15,000</td></tr><tr><td>Insurance</td><td>$4,500</td></tr><tr><td>Supplies/Equipment</td><td>$5,500</td></tr><tr><td>Printing/Postage</td><td>$4,500</td></tr><tr><td>Meetings/Travel</td><td>$4,500</td></tr><tr><td>Audit/Legal Fees</td><td>$8,000</td></tr><tr><td>Miscellaneous</td><td>$1,500</td></tr><tr><td><strong>TOTAL ADMIN. EXPENSES</strong></td><td><strong>$176,797</strong></td></tr><tr><td><strong>TOTAL EXPENSES</strong></td><td><strong>$1,019,960</strong></td></tr></tbody></table>