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LAKE MERRITT/UPTOWN COMMUNITY BENEFIT DISTRICT

388 19th Street Oakland, California 94612

Phone 510.452.4529 Fax 510.452.4530 info@lakemerritt-uptown.org www.lakemerritt-uptown.org
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BROWN ACT:
Government Code 54950 (The Brown Act) requires that a brief description of each item to be transacted or discussed be posted at
least 72 hours prior to a regular meeting. The Corporation posts agendas with the City at 1 Frank H. Ogawa Plaza, #101. Action
may not be taken on items not posted on the agenda. Copies of the agenda are available from the Lake Merritt/Uptown District
Association at 388 19th Street, Oakland, CA 94612. Meeting facilities are accessible to persons with disabilities. If you require special
assistance to participate in the meeting, notify our office at 510 238-1122 at least 48 hours prior to the meeting.
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LAKE MERRITT/UPTOWN COMMUNITY BENEFIT DISTRICT

388 19th Street Oakland, California 94612

Phone 510.452.4529 Fax 510.452.4530 info@lakemerritt-uptown.org www.lakemerritt-uptown.org
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Lake Merritt/Uptown District Association
YTD Cash Summary- September 2017

Perm/Temp Variance Comments

Cash Available YTD Actual YTD Budget YTD Variance (For variance amounts of 10% and $10K)
Prior Year Reserve and Assessment Income $1,322,057.80 $1,318,414.00 $3,643.80 Favorable PV - final disbursemement inclusive of
manually billed or City-owned properties received on
September 12th.
Less Reserve $67,783.00 $67,783.00 $0.00 Reserve has been reduced by $10,037.47 in
payments to P.U.M.A. for renewal services to date
and other costs associated with renewal and
$18,000.00 for B Shuttle sponsorship. Actual
remaining reserve is $39,745.53

Total Cash Available $1,254,274.80 $1,250,631.00 $3,643.80 See comment above.

Expenses
DISI $32,865.12 $42,875.01 $10,009.89 Favorable TV - strategic projects pending
implementation.
ORG $199,876.41 $221,561.48 $21,685.07 Favorable PV - budgeted rent increase not yet
implemented. Lower premium negotiated on GL
insurance policy. Favorable TV - Annual Event line
item has not been expended.

SOBO $614,125.66 $678,722.26 $64,596.60

Total Expenses $846,867.19 $943,158.75 $96,291.56 See expense detail attached.
Cash Remaining $407,407.61 $307,472.25 $99,935.36

Current
Contract
Non-Assessment Funds - Contracted Current Contract Remaining
Services Amount YTD Actual Funds Notes
Fox Theater Services (2017) $12,000.00 $9,856.01 $2,143.99 Includes billing for security services and payment to
Big Belly Solar in the amount of $4,018.50 for the
refurbishment of 2 trash compactors placed around
the Fox Theater.
Total funds remaining from all three contract years
is $17,433.61
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 10:19 AM Lake Merritt Uptown District Association
09/23/17
Cash Basis September 2017 Expenses
Curr. Actual Curr. Budget Curr. Variance Percent YTD Actual YTD Budget YTD Variance Percent Ann. Budget Variance Explanation
EXPENSES
DISTRICT IDENTITY (DISI)
DISI Projects

Marketing 2,147.02 3,750.00 -1,602.98 57.25% 25,392.56 33,750.00 -8,357.44 75.24% 45,000.00 Favorable TV - strategic projects pending implementation.
Misc. 0.00 41.66 -41.66 0.0% -27.44 375.02 -402.46 -7.32% 500.00 Includes reimbursement from DOA for 2016 shared expense
Total DISI Projects 2,147.02 3,791.66 -1,644.64 56.63% 25,365.12 34,125.02 -8,759.90 74.33% 45,500.00
Special Events
Arts & Culture 0.00 0.00 0.00 0.0% 5,000.00 5,000.00 0.00 100.0% 5,000.00 Art & Soul sponsorship fulfilled.
CBD Sponsored Events 0.00 416.67 -416.67 0.0% 2,500.00 3,749.99 -1,249.99 66.67% 5,000.00 Favorable TV - remaining funds have yet to be allocated.
Total Special Events 0.00 416.67 -416.67 0.0% 7,500.00 8,749.99 -1,249.99 85.71% 10,000.00
TOTAL (DISI) 2,147.02 4,208.33 -2,061.31 51.02% 32,865.12 42,875.01 -10,009.89 76.65% 55,500.00
ORGANIZATION
Non-personnel expenses
Accounting Expenses 0.00 0.00 0.00 0.0% 3,250.00 3,000.00 250.00 108.33% 3,000.00 Includes 2016 Tax Filing.
Computer Service & Support 0.00 83.33 -83.33 0.0% 196.03 750.01 -553.98 26.14% 1,000.00
Consulting & Legal Expenses 0.00 125.00 -125.00 0.0% 0.00 1,125.00 -1,125.00 0.0% 1,500.00
Fees & Permits 0.00 166.67 -166.67 0.0% 1,856.98 1,499.99 356.99 123.8% 2,000.00 Unfavorable TV - Includes CDA and IDA membership. Within
annual budget.
Insurance
Directors & Officers 0.00 0.00 0.00 0.0% 1,285.00 1,285.00 0.00 100.0% 1,285.00 Paid in full.
General Liability 0.00 0.00 0.00 0.0% 5,954.00 6,457.00 -503.00 92.21% 6,457.00 Favorable PV - negotiated lower premium.
Misc 0.00 166.67 -166.67 0.0% 1,145.31 1,499.99 -354.68 76.36% 2,000.00

Occupancy expenses
Rent 3,753.50 3,928.50 -175.00 95.55% 33,770.37 35,356.50 -1,586.13 95.51% 47,142.00 Favorable PV - budgeted rent increase has not yet been
implemented and increase will not be charged retroactively.

Office furniture & equipment 0.00 166.67 -166.67 0.0% 674.54 1,499.99 -825.45 44.97% 2,000.00
Postage, shipping, delivery 54.68 41.67 13.01 131.22% 137.99 374.99 -237.00 36.8% 500.00
Printing & copying 859.05 250.00 609.05 343.62% 2,194.09 2,250.00 -55.91 97.52% 3,000.00
Supplies 274.84 250.00 24.84 109.94% 1,736.91 2,250.00 -513.09 77.2% 3,000.00
Telephone & telecommunications 76.96 125.00 -48.04 61.57% 866.33 1,125.00 -258.67 77.01% 1,500.00
Total Non-personnel expenses 5,019.03 5,303.51 -284.48 94.64% 53,067.55 58,473.47 -5,405.92 90.76% 74,384.00
ORG/Special Projects
Annual Breakfast Meeting 0.00 0.00 0.00 0.0% 0.00 5,000.00 -5,000.00 0.0% 5,000.00 Favorable TV - funds to be expended on annual event.
Total ORG/Special Projects 0.00 0.00 0.00 0.0% 0.00 5,000.00 -5,000.00 0.0% 5,000.00
Personnel & Related
Staff Personnel 15,874.27 17,232.00 -1,357.73 92.12% 143,121.10 155,088.00 -11,966.90 92.28% 206,784.00 Favorable TV due to percentage of the projected end of year
bonus included in monthly allocation.

Training & Prof. Develop. 0.00 333.33 -333.33 0.0% 3,687.76 3,000.01 687.75 122.93% 4,000.00 Unfavorable TV - includes costs associated with staff
attendance at WCUDF and IDA. Within annual budget.
Total Personnel & Related 15,874.27 17,565.33 -1,691.06 90.37% 146,808.86 158,088.01 -11,279.15 92.87% 210,784.00
TOTAL ORGANIZATION 20,893.30 22,868.84 -1,975.54 91.36% 199,876.41 221,561.48 -21,685.07 90.21% 290,168.00
SOBO
Clean and Safe 972.58 68,969.42 -67,996.84 1.41% 551,796.04 620,724.74 -68,928.70 88.9% 827,633.00 Favorable TV - August billing unpaid pending review.
Misc SOBO expenses 296.33 833.33 -537.00 35.56% 8,632.29 7,500.01 1,132.28 115.1% 10,000.00 Unfavorable TV - includes unanticipated purchase of
uniforms and paint. Within annual budget.
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 10:19 AM Lake Merritt Uptown District Association
09/23/17
Cash Basis September 2017 Expenses
Curr. Actual Curr. Budget Curr. Variance Percent YTD Actual YTD Budget YTD Variance Percent Ann. Budget Variance Explanation
Program Coordinator 2,655.56 2,735.83 -80.27 97.07% 23,795.47 24,622.51 -827.04 96.64% 32,830.00 Favorable TV due to percentage of the projected end of year
bonus included in monthly allocation.
PROW Maintenance 7,230.88 2,458.33 4,772.55 294.14% 26,500.15 22,125.01 4,375.14 119.78% 29,500.00 Unfavorable TV - includes reimbursable costs related to City
contracts.
Watering 0.00 416.67 -416.67 0.0% 3,401.71 3,749.99 -348.28 90.71% 5,000.00 Favorable TV due to weather.
TOTAL SOBO 11,155.35 75,413.58 -64,258.23 14.79% 614,125.66 678,722.26 -64,596.60 90.48% 904,963.00
TOTAL EXPENSE 34,195.67 102,490.75 -68,295.08 33.37% 846,867.19 943,158.75 -96,291.56 89.79% 1,250,631.00
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 LMUDA 2018 Proposed Annual Budget by Category

Revenue*

Assessment Revenue 100% Collection $1,208,712.00

Projected Prior Year Balance - Carry
Forward $215,000.00
Assessment Revenue 97% collection $1,172,451.00
Total Income $1,387,451.00

Expenses

Category of Special Benefit Service Estimated Percentage Estimated Amount

SOBO 70% $965,939.00

DISI 5% $66,000.00
Organization 21% $297,707.00
Reserve 4% $57,805.00
Total 100% $1,387,451.00

*Actual dollar amounts to be based on final accounting for YE 2017

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