The Nederland Downtown Development Authority Board met during a rescheduled meeting on Wednesday, October 5, 2016 at the Nederland Community Center to take action on the 2017 budget. The meeting was rescheduled from Wednesday, September 21st.
Board Chair Katrina Harms said she presented a draft budget in July or August, and the Town sent a draft budget, which includes TIFF funds. She wanted to concentrate on the operating part of the budget.
According to the Final Draft Budget, the NDDA brought in $24,156 in revenue from taxes and grants in 2016. For 2017, the budget anticipates $24,250 in revenue. The amount budgeted for expenses in 2016 totaled $28,670, and as of October 30th the NDDA will have spent $28,670.
For 2017, the NDDA budgeted $24,250 in expenses. Predicted expenses include $5,000 for town beautification, with $3,500 to $4,000 going to downtown flowers; $4,250 for the election seeking approval of a debt authorization; $2,500 for administration and $1,500 for professional conferences, development and training.
These figures do not include the amount spent on the Town infrastructure or TIFF funds. Infrastructure and capital projects will be budgeted should the debt authorization be approved.
Harms suggested reducing advertising and putting more into conferences, pointing out that the next conference will be in May in Breckenridge. They are also going to have to replace the lights on the bridge.
Harms also suggested taking $500 out of the website allotment. Kneer said that Board Assistant Cindy Downing can do the website. Town Administrator Alisha Reis said they can do their copying through Town Hall.
Kneer said they have shaved $1,500 off of the budget. “Where do we want to put it?” Board member Susan Schneider said to put $750 in for conferences and $750 for elections.
Reis said they will see the amount for NedPeds expenses come through the budget and then they will see the reimbursement come through. The loan will be paid off at the end of this year.
Kneer said she could do the books for the NDDA next year. Reis said, “That would be great, and we would welcome you taking it over.” Kneer said she should have things done by the tenth of the month.
“The town would still do the books through the end of this fiscal year, so we could work out all the little details,” Kneer said. Reis suggested programming in $100 for accounting and $100 for the Town’s finances, and that will offset the grant writing work of Town Special Projects Director Kathy Weiss.
The Board approved the 2017 draft budget of the Nederland Downtown Development Authority to be sent to the Nederland Board of Trustees for approval. The regular meeting of the NDDA Board scheduled for October 19th has been canceled. The next meeting of the Board will be at 6:30 p.m. November 16, 2016, at the Nederland Community Center.