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HomeMy WebLinkAbout06132024 Agenda Packet (4)COMMUNITY DEVELOPMENT COMMISSION MEETING AGENDA June 13, 2024 6:00 PM Central Point City Hall 140 S 3rd St, Central Point, OR www.centralpointoregon.gov 10. Meeting Called to Order 20. Roll Call 30. Approval of Minutes A. Approval of January 25, 2024, Meeting Minutes 40. Presentation A. 2021/2022 Audit Presentation 50. Discussion Items A. Resolution Approving MOU with Fire District 3 - Fire Equipment Chris Clayton, City Manager B. Resolution Approving Fiscal Year 2024-25 Budget Steve Weber, Finance Director C. Visitors Information Center Increase of Funding Request Chris Clayton, City Manager 60. Adjournment Page 1 of 25 CITY OF CENTRAL POINT Oregon Community Development Commission Regular Meeting Minutes Thursday, January 25, 2024 I. MEETING CALLED TO ORDER II. ROLL CALL Attendee Name Title Status Arrived Hank Williams Mayor Present Taneea Browning Ward IV Present Kelley Johnson Ward II Remote Melody Thueson Ward III Late 6:37 PM Michael Parsons At Large Present Rob Hernandez At Large Present Neil Olsen Ward I Absent Staff present: City Manager Chris Clayton, City Attorney Sydnee Dreyer, Planning Director Stephanie Powers, Finance Director Steve Weber, and City Recorder Rachel Neuenschwander III. APPROVAL OF MINUTES A. Community Development Commission - Regular Meeting - Nov 16, 2023 6:30 PM RESULT: ACCEPTED [UNANIMOUS] MOVER: Rob Hernandez, At Large SECONDER: Taneea Browning, Ward IV AYES: Williams, Browning, Johnson, Thueson, Parsons, Hernandez IV. DISCUSSION ITEMS A. Commercial Facade Grant Program Update(Presented by Powers) Planning Director Stephanie Powers presented an update to the Commercial Facade Grant Program to the Community Development Commission. The changes are adding a Tier 2 structure to the program. Commissioners question if a business could apply for another grant after five years and if a business could apply for a Tier 2 grant if they were already awarded a Tier 1 grant. Staff responded that each property could get a Page 2 of 25 City of Central Point Development Commission January 25, 2024 Page 2 maximum of $10,000 and that if a business were awarded a Tier 1 grant, they would also be eligible for a Tier 2. Mike Parsons moved to approve Resolution No. 2024-01 a resolution of the Development Commission Modifying the East Pine Street Commercial Building Facade Program. RESULT: APPROVED [UNANIMOUS] MOVER: Michael Parsons, At Large SECONDER: Taneea Browning, Ward IV AYES: Williams, Browning, Johnson, Thueson, Parsons, Hernandez B.Jackson County Fire District 3 update City Manager Chris Clayton spoke to the Community Development Commission regarding his meeting with Jackson County Fire Chief Mike Hussey. In the Downtown & East Pine Street Corridor Revitalization Plan, one of the many projects within the Urban Renewal District was for Fire Safety. Staff will bring a Memorandum of understanding to the Commission that will lay out a safe timeline regarding the Fire Safety Project of helping purchase new fire equipment to service growth within the Urban Renewal Area. The Fire Department is ordering new fire trucks; this is a four-year wait for a truck to be built and equipped to meet the department's needs. V.ADJOURNMENT Meeting was adjourned at 6:52 PM. The foregoing minutes of the January 25, 2024, Development Commission meeting were approved by the Development Commission at its meeting of _________________________. Dated: _________________________ Chair Hank Williams ATTEST: __________________________ City Recorder Page 3 of 25 Staff Report DEPARTMENT: Administration MEETING DATE: June 13, 2024 STAFF CONTACT: Chris Clayton, City Manager Sydnee Dreyer, City Attorney SUBJECT: Resolution Approving MOU with Fire District 3 - Fire Equipment SUMMARY AND BACKGROUND: The Urban Renewal Plan (the “Plan”) provides that the Urban Renewal District may fund “in full, in part, a proportionate share of, or cause to be funded” a list of projects and activities that are intended and necessary to further the objective of the Plan. Project No. 14 of the Plan provides for the purchase of new fire equipment to service growth within the Urban Renewal Area. Project 14 intends that the CPDC and the District will coordinate and enter into a written agreement regarding the timing of implementation of this project. The District is under contract to purchase one structural pumper engine and seeking proposals for one ladder truck to service the Urban Renewal Area, and the City as a whole (the “fire equipment”). The total cost for the fire equipment is $2,758,598. The Urban Renewal Area constitutes approximately 25% of the City’s boundaries and its total call volume within the City limits represents 25% of all calls; as such, the City seeks to fund a proportionate share of the fire equipment consistent with this prorata share. FINANCIAL ANALYSIS: City and Fire District Administration have met on several occasions to discuss the Urban Renewal financial situation. More specifically, we reviewed the potential impacts of the community center project and how it might delay the City's ability to reimburse for FD3 equipment. Although the MOU is non-binding, we have estimated a repayment period between FY 2030, and 2035. LEGAL ANALYSIS: The MOU is a non-binding statement of the parties' intent to contribute to the future fire equipment. The funding amount would be determined at a future date upon entering into a binding agreement establishing the exact contribution by the city and how those payments will be scheduled. COUNCIL GOALS/STRATEGIC PLAN ANALYSIS: Page 4 of 25 Strategic Priority - Community Investment GOAL 1 - Build a strong city that is fiscally sustainable and provides enhanced services and small-town nuance. STRATEGY 1 – Partner with Urban Renewal to develop objective criteria to prioritize incentives and investments for planning and infrastructure projects that maximize value to the community in terms of cost-benefit, providing a connection between the east and west sides of town, and providing an urban form that is walkable, attractive and resilient to change. STRATEGY 2 – Seek and pursue grant opportunities to close fiscal gaps in projects that plan, design, and/or implement projects related to development or redevelopment of lands within the Urban Growth Boundary. STRATEGY 3 – Partner with telecom and utility companies to offset infrastructure costs. STRATEGY 4 – Maintain existing public safety services levels as the community continues to expand and promote a community policing program. STRATEGY 5 – Expand the Pine Street/Downtown Streetscape Improvements ATTACHMENTS/EXHIBITS: 1. RESO Approving MOU with District for Fire Equipment 2. Draft MOU - 2024 v.3 STAFF RECOMMENDATION: I move to approve Resolution No. _____ A Resolution Approving a Memorandum of Understanding with Fire District 3 for Contribution to Fire Equipment RECOMMENDED MOTION: Page 5 of 25 1 - Resolution No. _________ 6/13/2024 (Development Commission Meeting) RESOLUTION NO. 2024-02 BEFORE THE CENTRAL POINT DEVELOPMENT COMMISSION A RESOLUTION APPROVING A MEMORANDUM OF UNDERSTANDING WITH FIRE DISTRICT 3 FOR CONTRIBUTION TO FIRE EQUIPMENT RECITALS: WHEREAS, District provides fire safety services to the City of Central Point, and within the Urban Renewal Area; WHEREAS, the Urban Renewal Plan (the “Plan”) provides that the Urban Renewal District may fund “in full, in part, a proportionate share of, or cause to be funded” a list of projects and activities that are intended and necessary to further the objective of the Plan; WHEREAS, Project No. 14 of the Plan provides for the purchase of new fire equipment to service growth within the Urban Renewal Area. Project 14 intends that the CPDC and the District will coordinate and enter into a written agreement regarding the timing of implementation of this project; WHEREAS, the District is under contract to purchase one structural pumper engine and seeking proposals for one ladder truck to service the Urban Renewal Area, and the City as a whole (the “fire equipment”). The total cost for the fire equipment is $2,758,598; WHEREAS, the Urban Renewal Area constitutes approximately 25% of the City’s boundaries and its total call volume within the City limits represents 25% of all calls; as such, the City seeks to fund a proportionate share of the fire equipment consistent with this prorata share; WHEREAS, the CPDC finds that contribution to new fire equipment servicing the Urban Renewal Area will strengthen the economic vitality of the area and will leverage the CPDC’s financial resources to the maximum amount possible with other public District investment; and WHEREAS, the MOU sets forth the intention of the parties, but is non-binding and will be subject to future negotiations for an agreement and funding availability. Page 6 of 25 2 - Resolution No. _________ 6/13/2024 (Development Commission Meeting) The Central Point Development Commission resolves as follows: Section 1. The Development Commission hereby approves that Memorandum of Understanding with Fire District 3 as set forth on the attached Exhibit “A”. Section 2. The City Manager or his designee shall is directed and authorized to execute the MOU in the form attached hereto as Exhibit “A”. Section 3. This Resolution shall take effect immediately from and after its passage and approval. Passed by the Development Commission and signed by me in the authentication of its passage this _____ day of _____________________, 2024. __________________________ Hank Williams, Chair Central Point Development Commission ATTEST: _____________________________ City Recorder Page 7 of 25 Memorandum of Understanding Central Point Development Commission and Jackson County Fire District 3 THIS MEMORANDUM OF UNDERSTANDING (“Agreement”) is made and entered into this ___ day of ____________, 2024 by and between the Central Point Development Commission, the duly designated urban renewal agency of the City of Central Point, hereinafter referred to as " CPDC ", and Jackson County Fire District 3, a fire district hereinafter referred to as "District." RECITALS WHEREAS, CPDC is the duly designated urban renewal agency of the City of Central Point; WHEREAS, District provides fire safety services to the City of Central Point, and within the Urban Renewal Area; WHEREAS, the Urban Renewal Plan (the “Plan”) provides that the Urban Renewal District may fund “in full, in part, a proportionate share of, or cause to be funded” a list of projects and activities that are intended and necessary to further the objective of the Plan; WHEREAS, Project No. 14 of the Plan provides for the purchase of new fire equipment to service growth within the Urban Renewal Area. Project 14 intends that the CPDC and the District will coordinate and enter into a written agreement regarding the timing of implementation of this project; WHEREAS, the District is under contract to purchase 1 structural pumper engine and seeking proposals for 1 ladder truck to service the Urban Renewal Area, and the City as a whole (the “fire equipment”). The total cost for the fire equipment is $2,758,598; WHEREAS, the Urban Renewal Area constitutes approximately 25% of the City’s boundaries and its total call volume within the City limits represents 25% of all calls; as such, the City seeks to fund a proportionate share of the fire equipment consistent with this prorata share; WHEREAS, the CPDC finds that contribution to new fire equipment servicing the Urban Renewal Area will strengthen the economic vitality of the area and will leverage the CPDC’s financial resources to the maximum amount possible with other public District investment; and Understandings This MOU is a statement of the good faith effort of the parties and is not a binding legal agreement. The MOU will serve to help the parties to proceed on the following action items: Page 8 of 25 1. Conceptual Funding. The District has ordered one structural pumper estimated to be delivered and paid for in year 2028 and will order one ladder truck estimated to be delivered and paid for in year 2029. The total cost of said fire equipment is $2,758,598. The CPDC desires to contribute a prorata share of the cost for said fire equipment to support growth within the Urban Renewal Area which is deemed to be twenty-five percent (25%) of the total cost of the fire equipment for a maximum contribution of $689,649.50. Such contribution is intended to be calculated based upon the service the District will provide to the Urban Renewal Area as it compares to Citywide service. 2. Timing. The parties intend to support the conceptual funding outlined in paragraph 1 above and intend to pursue the finalization of funding contributions through Intergovernmental Agreement (IGA) or other mechanism no earlier than 2028, or the date the District receives the fully operational fire equipment, whichever is later. 3. Budget Availability. The timing and amounts of CPDC’s contributions shall be subject to budget availability. 4. Disclaimers. No provision of this MOU or previous (or subsequent) conduct or activities of the Parties will be construed: (i) as making any Party an agent, principal, partner or joint venturer with any other Party, (ii) as creating any express or implied obligation for a Party to proceed with contributions to fire safety equipment or (iii) as making any Party responsible for payment or reimbursement of any costs incurred by any other Party. 5. Miscellaneous 5.1. Powers. This Memorandum of Understanding does not create a partnership or a joint venture, and neither Party has the authority to bind the other. 5.2. Counterparts. This MOU may be executed in any number of counterparts, each of which shall be deemed an original and all of which together shall be deemed to be one and the same instrument. 5.3 Authorization. Each Party represents that it has the authority to enter into this MOU which is not legally binding and is a statement only of good faith and intentions of the Parties. Each signatory represents that it has been authorized by that Party to execute and deliver this MOU. CITY OF CENTRAL POINT JACKSON COUNTY FIRE DISTRICT 3 ______________________________ ______________________________ By: Chris Clayton, City Manager By: Its: Page 9 of 25 Staff Report DEPARTMENT: Finance MEETING DATE: June 13, 2024 STAFF CONTACT: Steve Weber, Finance Director SUBJECT: Resolution Approving Fiscal Year 2024-25 Budget SUMMARY AND BACKGROUND: On May 20, 2024, the Central Point Development Commission Budget Committee met to review the proposed budget for fiscal year 2024-25. After some discussion, the budget was approved to move forward to the Board of Directors for formal adoption. There have been no modifications made to the budget since the Budget Committee meeting. FINANCIAL ANALYSIS: The total budget presented for adoption is $2,458,040. LEGAL ANALYSIS: N/A COUNCIL GOALS/STRATEGIC PLAN ANALYSIS: N/A ATTACHMENTS/EXHIBITS: 1. Approved 2024-25 Budget 2. Resolution 2024-03(1) STAFF RECOMMENDATION: Approve Resolution 2024-03 as presented. RECOMMENDED MOTION: Page 10 of 25 CENTRAL POINT DEVELOPMENT COMMISSION APPROVED BUDGET FISCAL YEAR 2024-25 BOARD OF DIRECTORS MEETING JUNE 13, 2024 Page 11 of 25 CENTRAL POINT DEVELOPMENT COMMISSION CENTRAL POINT DEVELOPMENT COMMISSION MEMBERS HANK WILLIAMS MELODY THUESON KELLEY JOHNSON TANEEA BROWNING MIKE PARSONS ROB HERNANDEZ NEIL OLSEN CITIZEN BUDGET COMMITTEE MEMBERS KAY HARRISON LORI GARFIELD MIKE QUILTY JIM MOCK EDEN FOSTER KATHLEEN FLANAGAN-CLARK BUDGET OFFICER CHRIS CLAYTON, CITY MANAGER URBAN RENEWAL STAFF CHRIS CLAYTON, URBAN RENEWAL MANAGER/ CITY MANAGER STEVE WEBER, FINANCE DIRECTOR STEPHANIE POWERS, PLANNING DIRECTOR MATT SAMITORE, PARKS & PUBLIC WORKS DIRECTOR Page 12 of 25 BUDGET MESSAGE TO: CHAIR AND BOARD OF DIRECTORS CENTRAL POINT DEVELOPMENT COMMISSION; BUDGET COMMITTEE MEMBERS; AND CITIZENS OF CENTRAL POINT INTRODUCTION In 2013 the Development Commission prioritized projects listed in the Downtown & East Pine Street Corridor Revitalization Plan. One of the projects contained in the plan is the City of Central Point Community Center. To that end, this budget reflects saving for future lease payments on a facility in partnership with Jackson County. There are three primary actions that necessitate the proposed budget: 1.Economic Incentive Program ($50,000). The Commission will continue the façade improvement program 2.Debt Service ($363,465). Represents the debt service for the East Pine Streetscape borrowing. 3.Saving for the Future ($1,894,575). Represents funds that will carry over into the 2025-26 budget. MISSION It is the primary mission of the Central Point Development Commission to eliminate blight and depreciating property values within the urban renewal district. This mission will be accomplished through the strategic implementation of projects and activities that consciously maximize both public and private investments within the Urban Renewal Area, investments that are designed to target, facilitate and strengthen the economic and aesthetic vitality of the urban renewal district as the City’s traditional mixed-use urban core. OVERALL GOAL The basic goal of the Development Commission is to address, through the implementation of the Plan, existing blighted conditions within the urban renewal district so that unused and underused properties can be placed in productive condition and utilized at their highest and best use in accordance with the City of Central Point Comprehensive Plan. KEY OBJECTIVES AND ACTIVITIES Section 1.5.2 of the Plan identifies fourteen (14) goals and objectives to be accomplished by the Plan. Section 1.6 addresses the activities that the Commission may undertake. In July of 2013 the Development Commission prepared the Central Point Urban Renewal Project Guide identifying the Development Commission’s top five activities to be Page 13 of 25 undertaken. The activities budgeted for FY 2023-24 are consistent with the Plan’s goals and objectives and the Development Commission’s activities schedule. KEY PERFORMANCE MEASURES •Increased real property assessed value within the urban renewal district •Track and manage Return-on-Investment (ROI) ratio between public and private investment dollars within the urban renewal district •Completion of projects on schedule. THE BUDGET This budget is a financial plan listing all planned expenses and revenues for fiscal year 2024-25. The Development Commission’s budget consists of a single fund; the General Fund. The Budget’s primary source of income is tax increment revenue, including proceeds from tax increment financing. GENERAL FUND EXPENSES The Development Commission’s expenses fall into one of four categories: Personal Services, Materials & Services, Capital Projects, and Debt Service. All expenditures are dedicated to implementation of the Plan. Total requirements is $2,458,040. PERSONAL SERVICES Funding for Personal Services has been re-structured this budget year and is now within the Materials and Services category. MATERIALS & SERVICES The Materials & Services category ($50,000) is comprised of six subcategories, most of which address basic administrative requirements of the Development Commission such as; the costs of legal services, annual audit, materials, contract services, etc. CAPITAL OUTLAY Funding for the economic incentive program – façade improvement - is the only capital item included in this year’s budget ($50,000). DEBT SERVICE The purpose of the Debt Service category is to account for the payment of principal and interest due on Commission debt. In fiscal year 2016-17 the Development Commission received funding for the East Pine Streetscape Project which will incur an annual debt service for FY 2024-25 of $363,465. CONTINGENCY Funding is set aside in the event something comes during the fiscal year that requires additional appropriations ($100,000). ENDING FUND BALANCE Funding that will carry over to the 2025-26 budget is $1,894,575. Page 14 of 25 GENERAL FUND RESOURCES Funding for activities and projects will come from three sources; tax increment revenue, interest, and cash balance forward, for a total of $2,458,040. TAX INCREMENT REVENUE The primary source of urban renewal revenue will be tax increment revenue. For FY 2024-25 it is estimated that the Commission will receive $1,200,880 in tax increment revenue. INTEREST & PREVIOUSLY LEVIED TAXES It is estimated that the Development Commission will receive $26,000 in previously levied taxes and $18,000 interest on its cash balance. BALANCE FORWARD The Commission will begin FY 2024-25 with an estimated beginning cash balance of $1,213,160. A BALANCED BUDGET By Oregon Law the budget is balanced at $2,458,040. Page 15 of 25 RESOURCES General Fund 930,510$ 1,039,704$ 972,175$ Available cash on hand* (cash basis) or 1,213,160$ 1,213,160$ -$ -$ -$ Net w orking capital (accrual basis)-$ -$ 20,055$ 23,865$ 23,000$ Previously levied taxes estimated to be received 26,000$ 26,000$ 6,299$ 29,176$ 16,000$ Interest 18,000$ 18,000$ -$ -$ -$ -$ OTHER RESOURCES -$ -$ -$ -$ -$ -$ -$ -$ 956,864$ 1,092,745$ 1,011,175$ Total resources, except taxes to be levied 1,257,160$ 1,257,160$ -$ 1,093,700$ Taxes estimated to be received 1,200,880$ 1,200,880$ 823,744$ 922,161$ Taxes collected in year levied 1,780,608$ 2,014,906$ 2,104,875$ TOTAL RESOURCES 2,458,040$ 2,458,040$ -$ FORM LB-20 Central Point Development Commission Historical Data RESOURCE DESCRIPTION Budget for Next Year 2024-25 Actual Adopted Budget This Year 2023-24 Proposed By Budget Officer Approved By Budget Committee Adopted By Governing Body Second Preceding Year 2021-22 First Preceding Year 2022-23 Page 16 of 25 FORM LB-30 REQUIREMENTS DESCRIPTION Adopted Budget Second Preceding First Preceding This Year Proprosed By Approved By Adopted By Year 2021-22 Year 2022-23 2023-24 Budget Officer Budget Committee Governing Body PERSONAL SERVICES -$ -$ -$ TOTAL PERSONAL SERVICES -$ -$ -$ MATERIALS AND SERVICES -$ -$ 2,000$ Advertising/Legal Notices $1,000 1,000$ 22,924$ 14,094$ 40,000$ Professional Services $18,000 18,000$ 411$ 12,913$ 50,000$ Contract Services, Admin. Staff $30,000 30,000$ 355$ 3,638$ 2,000$ Office Supplies/Postage/Phone $1,000 1,000$ 23,690$ 30,645$ 94,000$ TOTAL MATERIALS AND SERVICES $50,000 50,000$ -$ CAPITAL OUTLAY -$ -$ 200,000$ Pfaff Park Band Shell -$ -$ 502,489$ -$ Hamrick/Pine Street Drop Lane -$ -$ -$ 250,000$ Miscellaneous Public Works Projects -$ 214,345$ 49,639$ -$ Pfaff Park Restroom -$ 20,000$ 13,546$ 35,000$ Economic Incentive Program (Façade)50,000$ 50,000$ 194,012$ 15,464$ 70,000$ Capital Project Design Costs -$ -$ -$ -$ TPR Planning -$ 428,357$ 581,138$ 555,000$ TOTAL CAPITAL OUTLAY 50,000$ 50,000$ -$ DEBT SERVICE 288,857$ 312,917$ 341,120$ FY16-17 Bond 363,465$ 363,465$ 288,857$ 312,917$ 341,120$ TOTAL DEBT SERVICE 363,465$ 363,465$ -$ 50,000$ OPERATING CONTINGENCY 100,000$ 100,000$ 1,039,704$ 1,090,206$ Ending balance (prior years) 1,064,755$ UNAPPROPRIATED ENDING FUND BALANCE 1,894,575$ 1,894,575$ 1,780,608$ 2,014,906$ $2,104,875 TOTAL REQUIREMENTS $2,458,040 $2,458,040 $0 Historical Data Budget For Next Year 2024-25Actual REQUIREMENTS SUMMARY Central Point Development Commission - General Fund Page 17 of 25 Resolution No. 2024-03 BEFORE THE CENTRAL POINT DEVELOPMENT COMMISSION A RESOLUTION ADOPTING THE BUDGET, MAKING APPROPRIATIONS, AND DECLARING TAX INCREMENT The Central Point Development Commission resolves as follows: Section 1. The budget for fiscal year 2024–25 in the total amount of $2,458,040 is adopted. This budget is now on file at the City of Central Point Finance Offices, 140 South Third Street, Central Point, OR 97502. Section 2. The amounts for the fiscal year beginning July 1, 2024, and for the purposes shown below are appropriated: GENERAL FUND Personal Services $0 Materials & Services $50,000 Capital Outlay $50,000 Debt Service $363,465 Contingency $100,000 Ending Fund Balance $1,894,575 TOTAL GENERAL FUND $2,458,040 Section 3. The Board of Directors certify to the county assessor a request for the Downtown & East Pine Street Corridor Revitalization Plan Area for the maximum amount of revenue that may be raised by dividing the taxes under Section 1c, Article IX, of the Oregon Constitution and ORS Chapter 457. The above resolution statements were approved and declared adopted on this 13th day of June, 2024. Hank Williams, Chair Central Point Development Commission ATTEST Rachel Neuenschwander, Recorder Page 18 of 25 Staff Report DEPARTMENT: Administration MEETING DATE: June 13, 2024 STAFF CONTACT: Chris Clayton, City Manager SUBJECT: Visitors Information Center Increase of Funding Request SUMMARY AND BACKGROUND: The Central Point Chamber of Commerce requests additional funding to help offset the cost increases in the Central Point Visitors Information Center operations and payroll expenses. The Chamber has been a huge help in encouraging tourism in the city and fostering economic growth and community development. The extra funding requested would help pay for these expenses. FINANCIAL ANALYSIS: The financial impact amounts to $500 per month, totaling $6,000 for the fiscal year. Should the council approve, this funding request can be covered by either the City Enhancement Fund or the City's Urban Renewal Budget. Both sources align with the mission of the Visitors Information Center, which aims to boost business activities through tourism promotion. LEGAL ANALYSIS: COUNCIL GOALS/STRATEGIC PLAN ANALYSIS: Community Engagement Goal 2: Promote community and city government through volunteerism. Strategy 3: Partner with the Chamber of Commerce to celebrate local accomplishments and recognize volunteer efforts throughout the community. Community Culture Goal 1: Celebrate Central Point's unique identity and way of life through community events (public or privately sponsored), such as the 4th of July Parade, Community Christmas, Battle of the Bones, Battle of the Food Trucks, Made in Southern Oregon, the Cheese Festival, and include Expo events such as the Wild Rogue Pro Rodeo Strategy 2 - Community events should be planned to enhance the family-friendly, safe, and small-town quality of life that is valued in Central Point. These events should also celebrate the unique cultural elements of our community. ATTACHMENTS/EXHIBITS: 1. ProfitandLossbyClass (4) 2. Final VIC Budget 2023_2024 - Sheet1 Page 19 of 25 3. hpscan0010 STAFF RECOMMENDATION: RECOMMENDED MOTION: Page 20 of 25 Visitors Center Profit and Loss by Class July 2022 - June 2023 Cash Basis Wednesday, January 31, 2024 12:43 PM GMT-08:00 1/2 VISITOR CENTER TOTAL Income 4001 VIC Income 5,435.00 $5,435.00 4020 Government Contracts 36,533.33 $36,533.33 4050 Event Income $0.00 Christmas 625.00 $625.00 Various Events 600.00 $600.00 Total 4050 Event Income 1,225.00 $1,225.00 Total Income $43,193.33 $43,193.33 GROSS PROFIT $43,193.33 $43,193.33 Expenses 6000 Payroll Expenses $0.00 Taxes 3,078.66 $3,078.66 Wages 29,006.06 $29,006.06 Total 6000 Payroll Expenses 32,084.72 $32,084.72 6015 Reimbursements 116.32 $116.32 6020 Contract Labor 940.00 $940.00 6100 Advertising Expense 4,432.87 $4,432.87 6200 Accounting, Legal, and Professional 2,714.50 $2,714.50 Accounting (deleted)215.00 $215.00 Total 6200 Accounting, Legal, and Professional 2,929.50 $2,929.50 6270 Charitable Donations 50.00 $50.00 6280 Credit Card Processing Fees 118.26 $118.26 6320 Dues and Subscriptions 740.00 $740.00 6500 Event Expense 573.98 $573.98 Calendar 650.00 $650.00 Christmas 576.69 $576.69 Total 6500 Event Expense 1,800.67 $1,800.67 6520 Insurance 162.50 $162.50 6522 Insurance-Liability 257.50 $257.50 6523 Insurance-Workman's Comp.88.02 $88.02 Total 6520 Insurance 508.02 $508.02 6595 Lease Expense 9,630.39 $9,630.39 6620 Meals 73.13 $73.13 6630 Office Supplies 1,074.14 $1,074.14 6640 Office Expenses 956.90 $956.90 6760 Trainings, Meetings, and Seminars 25.00 $25.00 6770 Travel 1,073.68 $1,073.68 Page 21 of 25 Visitors Center Profit and Loss by Class July 2022 - June 2023 Cash Basis Wednesday, January 31, 2024 12:43 PM GMT-08:00 2/2 VISITOR CENTER TOTAL 6780 Utilities $0.00 Cell Phone Reimbursement 225.00 $225.00 Internet 732.88 $732.88 Telephone 299.88 $299.88 Total 6780 Utilities 1,257.76 $1,257.76 Total Expenses $57,811.36 $57,811.36 NET OPERATING INCOME $ -14,618.03 $ -14,618.03 NET INCOME $ -14,618.03 $ -14,618.03 Page 22 of 25 Visitors Center Profit and Loss by Class July 2022 - June 2023 Visitor Center Actual 2022/2023 2023-2024 2024-2025 TOTAL Budget Budget Income 4001 VIC Income 5,435.00 $0.00 $0.00 No Map sales these years 4020 Government Contracts 36,533.33 $38,400.00 $38,400.00 Reflects current contract 4050 Event Income 0 Christmas 625.00 $0.00 $0.00 Various Events 600.00 $800.00 $800.00 Total 4050 Event Income $1,225.00 $800.00 $800.00 4020 Government Contracts $36,533.33 $38,400.00 $38,400.00 4050 Event Income $0.00 $0.00 $0.00 Christmas $625.00 $0.00 $0.00 Various Events $600.00 $800.00 $800.00 Total 4050 Event Income $1,225.00 $800.00 $800.00 Total Income 43,193.33 $39,200.00 $39,200.00 Gross Profit $43,193.33 $39,200.00 $39,200.00 Expenses 6000 Payroll Expenses 0.00 Taxes $3,078.66 $3,500.00 $3,750.00 Wages 29,006.06 $32,500.00 $35,800.00 Total 6000 Payroll Expenses $32,084.72 $36,000.00 $39,550.00 6015 Reimbursements 116.32 $0.00 $0.00 6020 Contract Labor 940.00 $1,100.00 $1,300.00 6100 Advertising Expense 4,432.87 $3,775.00 $3,775.00 6200 Accounting, Legal, and Professional $2,714.50 $3,050.00 $3,350.00 Accounting (deleted)215 $0.00 $0.00 Total 6200 Accounting, Legal, and Professional $2,929.50 $3,050.00 $3,350.00 6270 Charitable Donations 50 $0.00 $0.00 6280 Credit Card Processing Fees $118.26 $50.00 $60.00 6320 Dues and Subscriptions 740 $750.00 $750.00 6500 Event Expense 573.98 $600.00 $625.00 Calendar $650.00 $650.00 $650.00 Christmas $576.69 $0.00 $250.00 Total 6500 Event Expense 1,800.67 $1,250.00 $1,525.00 6520 Insurance 162.5 $175.00 $180.00 6522 Insurance-Liability $257.50 $275.00 $285.00 6523 Insurance-Workman's Comp.88.02 $100.00 $110.00 Total 6520 Insurance $508.02 $550.00 $575.00 6595 Lease Expense 9,630.39 $9,750.00 $9,870.00 6620 Meals 73.13 $100.00 $100.00 6630 Office Supplies 1,074.14 $1,150.00 $1,150.00 6640 Office Expenses 956.90 $750.00 $775.00 6760 Trainings, Meetings, and Seminars 25 $250.00 $250.00 6770 Travel $1,073.68 $500.00 $550.00 6780 Utilities $0.00 Cell Phone Reimbursement $225.00 $225.00 $225.00 Internet $732.88 $750.00 $750.00 Telephone $299.88 $312.50 $315.00 Total 6780 Utilities $1,257.76 $1,287.50 $1,290.00 Total Expenses $57,811.36 $60,312.50 $64,870.00 Net Operating Income -$14,618.03 -$21,112.50 -$25,670.00 Net Income -$14,618.03 -$21,112.50 -$25,670.00 Page 23 of 25 Page 24 of 25 Page 25 of 25