The URL can be used to link to this page

Home My WebLink AboutBack-Up from Law DeptSec. 2-1323. - Annual budget; source of funds. (a) The BID board shall establish a fiscal year which coincides with that of the city. Within 60 days following the effective date of the enactment of the ordinance from which this division derives, the BID board shall submit to the city commission, in a form acceptable to the city manager, a BID board budget for adoption and ratification by the city commission. Commencing with fiscal year 2014-2015, consistent with the city's budget process, the BID board shall submit to the city manager, a BID board budget pertaining to management, operation and maintenance expenditures and delineating the financial responsibility of the city for certain categories including but not limited to: insurance, security, utilities and maintenance to be approved by the city commission. Nothing contained herein shall be construed to prohibit the BID board from submitting a supplemental budget to the city commission for approval. (b) As needed, the BID will revise budgets and submit these revisions to the city commission for approval. BID expenditures shall comply with city procedures for acquisition of goods and services. (c) In conjunction with the submission of the budget, the BID board shall submit a plan reflecting the proposed operations, activities, improvements, and maintenance plans for the forthcoming fiscal year. (d) No provision contained in this division shall be construed to violate the Anti -Deficiency Act, as set forth in sections 18-500-18-503. (e) The operations of the BID board shall be principally financed from the following sources and such other sources as may be secured: (1) Proceeds of a special assessment as authorized by resolution. (2) Contributions, gifts, and/or donations to the BID board for the performance of its functions. (3) Such parking waiver fees as are authorized. (4) Such parking surcharge fees as are authorized. (5) Such sidewalk cafe fees as are authorized. (7) Such other fees as are authorized. (8) Grant funds. (Ord. No. 13404, § 2, 9-12-13)