proposes a shifting of approximately $10,000 from capital items back to the marketing budget to offset additional promotions & events expenses.

As at the end of 2018, the Via Italia BIA had an accumulated surplus (reserve balance) of $77,099. An additional $25,000 was to be added from the approved 2019 budget for street lighting initiatives.

Olde Riverside Town Centre BIA – Appendix C

The requested budget and related levy due from BIA members is $65,000, which remains the same as in 2019. Expenditures are generally consistent with prior year with the exception of an increase in advertising of $4,500. The BIA is planning for one signature event, Wheels on Wyandotte, and has included a total cost of $15,200 relating to the event which is funded from the BIA levy.

Administration confirms that the annual capital repayment of $7,500 to the City, as per City Council’s direction in M276-2013 for the beautification project, has been included in the 2020 budget submission. The balance of $30,000, which remains outstanding to the City, will be repaid in equal instalments of $7,500 for each of the years 2020 through to 2023.

As at the end of 2018, the BIA had an accumulated surplus (reserve balance) of $1,662.

Olde Sandwich Towne BIA – Appendix D

The requested budget of $68,100 is an increase from 2019 of $1,000. The related levy due from BIA members remains the same at $67,100. Expenditures are generally consistent with the approved 2019 budget with the exception of salaries and wages which have been removed. When required, the BIA will hire a consultant to assist with events. An increase in expenditures of $8,500 will be dedicated towards decorative and seasonal lighting and an increase of $16,000 will be directed towards website development and social media. There are two special events planned for this BIA, Open Streets and Miracle in Sandwich, each with a budget of approximately $12,000 which will be funded from the BIA levy.

As at the end of 2018, the BIA had an accumulated surplus (reserve balance) of $58,597.

Walkerville District BIA– Appendix E

The requested 2020 budget submission is $52,500, an increase of $1,740. The requested levy due from BIA members is $45,000, which remains the same as in 2019. The additional revenue is comprised of sponsorships and vendor registrations. The submission is consistent with the approved 2019 budget on a category-by-category basis. The BIA has planned for two events, Art Walk and Holiday Walk, each with a budget of approximately $16,000 which will be funded from the BIA levy.