Annual General Meeting

As a member of the Downtown Oshawa BIA, you are invited to attend the Annual General Meeting. RSVP’s are required. Please RSVP by phone or email (info@downtownoshawa.ca) by 2 October.

Agenda

  1. Call to order and introductions
  2. Declaration of Conflict of Interest
  3. Approval of previous Annual General Meeting minutes and the Special member meeting
    minutes
  4. Treasurer’s Report
  5. Auditor’s Report
  6. Director’s Report
  7. Proposed Program and Budget for 2017
  8. New Business
  9. Announcements
  10. Adjournment

The purpose of this meeting is to decide on the BIA budget for 2017, general program. This program is paid for by a special levy charged to you as well as other commercial property owners and businesses in the BIA. The best way to participate in the decisions which your BIA is making on your behalf is to attend.

This notice is being distributed on or before 16 September 2016 as follows:

a) Commercial tenants in the downtown district via email and hand delivery
b) Landlord/property owners via regular Canada Post mail

For more information, please call Angela, Office Administrator for the Board (905)576-7606.

Location
CORE21 – 21 Simcoe Street S.

Date
Thursday, 6 October, 2016

Time
8:30 am – 10:30 am

Downtown Oshawa Board of Management

2017 Proposed Operating Budget

A detailed line-by-line budget will be available at the Annual General Meeting

OSHAWA CENTRAL BUSINESS DISTRICT IMPROVEMENT AREA

Description 2016 Approved Budget 2017 Purposed Budget A 2017 Purposed Budget B
Administration $58,100 $58,100 $79,150
Promotion $55,250 $55,250 $69,250
Events $30,700 $30,700 $42,700
Physical Improvements $20,000 $20,000 $55,000
Total Expediture $164,050 $164,050 $246,100
City of Oshawa Tax Levy -$143,100.00 -$143,100.00 -$246,100.00
To be drawn from reserve funds $20,950.00 $20,950.00 $0

Note: by September 27th we will know if the expansion has been approved by City Council. If approved, we will be using Budget B

Reserve Fund
*Accumulative reserve beginning of the year $75,439.34 as of January 1, 2016 financial statement.
*Accumulative reserve end of period $97,052.56, as of July 31, 2016 financial statement.

Please note that the 2017 budget will be submitted to Council in 15 October 2016 for their approval.

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