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Annual Report & Budget

for Downtown Toms River: the Toms River Business Improvement District, managed by the Toms River Business Development Corporation

In compliance with state statutes and township ordinances, Downtown Toms River presents its budget to the Township Council to set a public hearing and vote on adoption 30 days later. Should you have any questions, please feel free to contact the Downtown Toms River office at 732-341-8738.

Download the 2008 Budget Report
Download the 2007 Annual Report
Previous years: 2006 | 2005 | 2004

Toms River Business Improvement District 2008 Budget
Revenues		2008 Budget	2007 Actual (1)	2006 Actual (1)
Tax Assessments		225,000.00	225,000.00	225,000.00
Grants and Other Sources		20,000.00	2,000.00	20,800.00
Events (3)		127,000.00	127,000.00	95,226.31
Miscellaneous				7,982.90

Total Revenues		372,000.00	354,000.00	349,009.21
From Reserves		39,700.00

		411,700.00	354,000.00	349,009.21
Expenses
Programs:
Area Maintenance		25,200.00	25,880.64	25,880.64
Economic Restructuring (2)		36,600.00	30,000.00	33,866.80
Cultural Committee (3)		16,000.00	8,000.00	9,320.29
Organization Committee (3)		6,000.00	3,100.00	2,726.91
Marketing and Promotions:
	Events (3)	92,000.00	90,130.00	78,453.98
	Marketing & Promotions (3)	67,520.00	41,570.00	37,657.54
	Advertising (3)	16,080.00	13,530.00	14,194.45
Holiday Decorations		12,300.00	2,600.00	7,830.56
Streetscape		28,700.00	8,400.00	5,220.38
Administration:
Compensation		59,000.00	57,430.00	61,600.00
Printing		500	400	749.69
Professional Fees		4,500.00	4,500.00	6,050.00
Rent		24,000.00	24,000.00	24,000.00
Insurance		2,500.00	2,100.00	2,000.00
Utilities		4,800.00	4,800.00	4,942.00
Telephone		3,200.00	3,200.00	3,294.67
Travel		2,000.00	4,000.00	1,112.54
Office Expense		10,500.00	14,300.00	10,450.20
Postage & Shipping		500.00	400.00	746.69
Total Expense		411,700.00	347,660.00	330,000.33
Operating Income			6,340.00	29,359.08

NOTES:

(1) The actual figures for calendar year 2007 are un-audited as the corporation's fiscal year is July 1 to June 30 and this is a calendar year presentation. An audit is conducted annually on the fiscal year accounting. The calendar year actual figures are based on the audited figures for fiscal 2006 and the un-audited, projected, figures for the second half of calendaryear 2007, which will be included in the fiscal year 2008 audit.

(2) Economic Restructuring includes development of the District Master and Redevelopment Plans, new business recruitment, and other activities, plus staff compensation for working on those projects.

(3) Event income and expense, marketing and promotions expense, and advertising expense need to be considered together as these items are managed in a tightly integrated way, often overlapping or sharing resources and efforts.