HomeMy WebLinkAboutFIN-2025-212 - Downtown Kitchener BIA and Blemont BIA 2025 BudgetsStaff Report
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Financial Services Department www.kitchener.ca
REPORT TO: Committee of the Whole
DATE OF MEETING: May 5, 2025
SUBMITTED BY: Saleh Saleh, Director of Revenue, 519-904-6308
PREPARED BY: Shanna Yang, Revenue Analyst, 519-783-8028
WARD(S) INVOLVED: Ward(s) 8 & 10
DATE OF REPORT: April 25, 2025
REPORT NO.: FIN -2025-212
SUBJECT: Downtown Kitchener BIA and Belmont BIA 2025 Budgets
RECOMMENDATION:
That the 2025 Budgets for the Downtown Kitchener Business Improvement Area (BIA)
and the Belmont Business Improvement Area (BIA) be approved pursuant to Section 205
(2) of the Municipal Act, 2001, as outlined in Financial Services Department report FIN -
2025 -212.
REPORT HIGHLIGHTS:
This report supports the delivery of core services.
BACKGROUND:
Section 205 (2) of the Act states that the board of management shall submit the budget to council
by the date and in the form required by the municipality and the municipality may approve it in
whole or in part but may not add expenditures to it.
REPORT:
The Downtown Kitchener BIA 2025 Budget was reviewed by the Board on September 25, 2024,
and includes the following:
Levy $ 1,895,230
Expenses $ 1,895,230
(refer to Attachment A — Downtown Kitchener BIA)
The Belmont BIA 2025 Budget was reviewed by the Board on March 25, 2025, and includes the
following:
Levy $ 49,596
Expenses $ 75,855
*** This information is available in accessible formats upon request. ***
Please call 519-741-2345 or TTY 1-866-969-9994 for assistance.
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(refer to Attachment B — Belmont BIA).
Approving the budget is the last step required to be able to levy taxes on behalf of the BIAs.
STRATEGIC PLAN ALIGNMENT:
This report supports the delivery of core services.
FINANCIAL IMPLICATIONS:
The 2025 BIA levy, once approved, will be used to determine BIA tax rates to be incorporated
into the 2025 tax rate by-law.
COMMUNITY ENGAGEMENT:
INFORM — This report has been posted to the City's website with the agenda in advance of the
council / committee meeting.
PREVIOUS REPORTS/AUTHORITIES:
There are no previous reports/authorities related to this matter.
APPROVED BY: Jonathan Lautenbach, Chief Financial Officer, Financial Services
ATTACHMENTS:
Attachment A — Downtown Kitchener BIA
Attachment B — Belmont Business Improvement Area
Page 115 of 177
Downtown
Kitchener
Business
Improvement
Area
2025 Draft Operating Budget
BIA Levy 1,895,230
TOTAL REVENUE 1,895,230
ACTIVATE
Kitchener -Waterloo Oktoberfest
30,000
Gospel Blues Breakfast
12,000
Kitchener Blues Festival
40,000
Special Events (Contribution to the City of Kitchener)
50,000
Christkindl Market (Contribution to the City of Kitchener)
40,000
Live Music
60,000
Arts and Culture Activation
330,000
Community Building
30,000
TOTAL ACTIVATE
592,000
BEAUTIFY & ENHANCE
Graffiti Removal
30,000
Patio Program
55,000
Horticultural (Contribution to the City of Kitchener)
50,000
Window Decorating and Lighting
50,000
Keeping Downtown Clean (after 5pm waste removal)
65,000
TOTAL BEAUTIFY & ENHANCE
250,000
CONNECT
DTK Resident Club - Stroll Walking Tours 12,000
Marketing and Promotions 275,000
Downtown Dollars 5,000
TOTAL CONNECT 292,000
HR EXPENSES
Salaries 490,000
Wage Expenses and Benefits 87,500
TOTAL HR EXPENSES 577,500
GENE RAL & ADMIN 158,730
MEETINGS & PROFESSIONAL DEVELOPMENT 25,000
2025 Draft Operating Budget R Page 1 of 1
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Belmont Business Improvement Area
(Belmont BIA)
REVENUE
City of Kitchener BIA Levy
Other Income
Total Revenue
EXPENSES
Administrative and General
Improvement Projects
Digital
Events
Expansion
Finance
Marketing
Maintenance
Total Expenses
Net Revenue (Expenses)
Accumulated Surplus, beginning of year
Accumulated Surplus, end of year
Budget Actual Budget
2024 2024 2025
48,624
48,624
49,596
0
6,494
6,000
48,624
55,118
55,596
13,671
10,127
7,112
3,300
3,431
826
9,500
11,459
22,200
7,750
264
0
450
38
50
0
2,890
11,800
26,103
28,115
33,867
60,774
56,324
75,855
-12,150
-1,206
-20,259
71,233
71,223
77,918
59,084
77,918
57,659
Note: the $77,918 surplass is made of $21,882 cash and the $56,036 fixed assets.
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