Page 14 - AnnualReport-20162017-V8

FINANCIALS A REPORT REVENUE $ 817,364
$ 57,400
From the Treasurer AD VALOREM TAX $ 223
SPONSORSHIPS $ 26,200
The Downtown Development Authority’s Financial Statement of INTEREST EARNINGS
revenues and expenditures for fiscal year 2016-2017, which MISCELLANEOUS $ 901,187
ran from October 1, 2016 through September 30, 2017, are
shown to the right. TOTAL REVENUE
The DDA team continued to promote, strengthen and support
all of the businesses and stakeholders in the DDA district. EXPENDITURES $ 595,956
Our efforts for the three areas of responsibility — Economic
Vitality, Placemaking and Position Marketing have proven to ECONOMIC VITALITY $ 306,716
be successful once again. We hope that you find this 2016– PLACEMAKING
2017 Annual Report of our progress to be informative. Please $ 902,672
contact the DDA team with any questions or comments. POSITION MARKETING
Bonnie Beer GENERAL OPERATING
Co–Owner, Caffé Luna Rosa
Treasurer, Downtown Development Authority TOTAL EXPENDITURES

For a complete copy of the Audited Financial Report, contact the City
of Delray Beach or the DDA. Caler, Donten, Levine, Cohen, Porter & Veil,
P.A. – DDA Auditor

Did you know? DISTRICT VALUE GROWTH
1993 $31.624M
The DDA is funded through an Ad Valorem tax levied on all 2010 $472.870M
property within the DDA District by the Palm Beach County Tax 2017 $841,027M
Appraiser. The current tax rate is 1 Mill (.001) on each dollar
of the tax base. The purpose of the tax is to reinvest the funds INCREASE 43%
back into the District through operations, economic vitality,
placemaking and position marketing programs. 2ND ANNUAL DINE OUT
DOWNTOWN DELRAY
DOWNTOWN DELRAY BEACH
DELRAY ORCHID FASHION WEEK RESTAURANT WEEK

GIVEAWAY JANUARY AUGUST

IN HONOR OF $50,000+ 38 Restaurants Including:
Full–service and fast-casual establishments,
MAY ESTIMATED RETAIL SALES AS A DIRECT RESULT
OF FASHION WEEK EVENTS juice bars, cafés, and pizza shops
Retail purchases 16 Culinary Events
approximately SAVOR THE AVENUE
$115,000 IN SALES 10 $10 & Under Dine Out Deals
MARCH 11 Three–Course Prix Fixe Lunch
430 Orchids offers: $20 and under per person
were given away $1261,4500
23 Three–Course Dinner
GENERATED IN RESTAURANT RESERVATIONS offers: $20–$40 per person
SERVING 1,100 GUESTS

14 Annual Report | 2016–2017