2019/20 Annual Report

Statement of Activities
July 1, 2019 - June 30, 2020
GBD TOTAL
Actual Budget Variance
REVENUE
Assessment Revenue $ 665,428 $ 655,732 $ 9,696
Donations 50,144 12,000 38,144
Other Revenue 285 – 285
In-Kind 4,960 – 4,960
TOTAL REVENUE $ 720,817 $ 667,732 $ 53,085
EXPENSES
Maintenance $ 224,464 $ 232,716 $ (8,252)
Capital 202,947 210,000 (7,053)
Accountability 130,374 156,640 (26,266)
Operations 103,825 95,210 8,615
In-Kind 4,960 – 4,960
TOTAL EXPENSES $ 666,570 $ 694,566 $ (27,996)
REVENUE OVER EXPENSES $ 54,247 $ (26,834) $ 81,081
PRIOR YEAR CARRYOVER 444,806 431,276 13,530
TOTAL CARRYOVER $ 499,053 $ 404,442 $ 94,611
2020/21 Budget
July 1, 2020 - June 30, 2021
GBD TOTAL
DOGPATCH NW POTRERO HILL GBD TOTAL
REVENUE
Net Assessment Revenue $ 549,400 $ 80,200 $ 629,600
Grants 101,700 – 101,700
Donations 40,000 – 40,000
General Benefit 22,756 3,376 26,132
TOTAL REVENUE $ 713,856 $ 83,576 $ 797,432
EXPENSES
Maintenance $ 187,742 $ 36,888 $ 224,630
Capital Improvement 412,068 24,378 436,446
Accountability 122,749 18,146 140,895
Operations 88,190 13,180 101,370
TOTAL EXPENSES $ 810,749 $ 92,592 $ 903,341
Revenue over expenses $ (96,893) $ (9,016) $ (105,909)
Prior year carryover-Assessment 327,873 43,664 371,537
Prior year carryover-Donations 44,453 6,000 50,453
TOTAL PROJECTED CARRYOVER $ 275,433 $ 40,648 $ 316,081
29 30
SPECIAL PROJECTS
SPECIAL PROJECTS
DOGPATCH & NW POTRERO HILL GREEN BENEFIT DISTRICT
ESPRIT PARK Actual Budget Variance
REVENUE
UCSF Grant $ – $ – $ –
TOTAL REVENUE $ – $ – $ –
EXPENSES
Grant Management/Contingency $21,048 $40,906 $(19,858)
Capital Projects 93,335 699,560 (606,225)
TOTAL EXPENSES $114,383 $740,466 $(626,083)
REVENUE OVER EXPENSES $(114,383) $(740,466) $626,083
PRIOR YEAR CARRYOVER 244,257 $ – $244,257
TOTAL CARRYOVER $129,874 $(740,466) $870,340
ESPRIT PARK
REVENUE
UCSF Grant $ 585,000
TOTAL REVENUE $ 585,000
EXPENSES
Grant Management
Legal $ –
Bookkeeping & Accounting 6,333
Financial Review 2,000
Contingency 28,734
Total Grant Management $37,076
Capital Projects
Landscape Architect and Sub-consultants 605,785
Arborist 15,775
Peer Review 15,000
Total Capital Projects $636,560
TOTAL EXPENSES $673,636
REVENUE OVER EXPENSES $(88,636)
PRIOR YEAR CARRYOVER 96,969
TOTAL PROJECTED CARRYOVER 8,333
ANNUAL REPORT 19/20