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FINANCIALS A REPORT REVENUE $ 945,430
$ 42,650
From the Treasurer AD VALOREM TAX $ 228
SPONSORSHIPS $ 27,075
The Downtown Development Authority’s Financial Statement of INTEREST EARNINGS
revenues and expenditures for fiscal year 2017-2018, which MISCELLANEOUS $1,015,383
ran from October 1, 2017 through September 30, 2018, are
shown to the right. TOTAL REVENUE
The DDA team continued to promote, strengthen and support
all the businesses and stakeholders in the DDA district. Our EXPENDITURES $ 623,327
efforts for the three areas of responsibility — Economic Vitality,
Placemaking and Position Marketing have proven to be ECONOMIC VITALITY $ 338,705
successful once again. We hope that you find this 2017– PLACEMAKING
2018 Annual Report of our progress to be informative. Please $971,945
contact the DDA team with any questions or comments. POSITION MARKETING
Mark Denkler
Owner, Vince Canning Shoes and Tootsie’s GENERAL OPERATING
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

DDA Funding DISTRICT VALUE GROWTH

The DDA is funded through an Ad Valorem tax levied on all property within the 2015 $625.7m
DDA District by the Palm Beach County Tax Appraiser. The current tax rate is 2016 $705.9m
1MIL (.001) on each dollar of the tax base. The purpose of the tax is to reinvest 2017 $817.5m
the funds back into the District through operations, economic vitality, placemaking 2018 $946.8m
and position marketing programs. INCREASE 34% since 2015

DOWNTOWN DELRAY BEACH 3RD ANNUAL
DELRAY ORCHID FASHION WEEK
DINE OUT DOWNTOWN
GIVEAWAY JANUARY RESULTS DELRAY RESTAURANT
WEEK
IN HONOR OF $63,000+ AUGUST RESULTS
MOTHER’S DAY
RAISED FOR THE ACHIEVEMENT CENTERS 35 Restaurants Including:
MAY RESULTS FOR CHILDREN & FAMILIES Full–service and fast-casual establishments,
Retail purchases
approximately $50,000+ juice bars, cafés, and pizza shops
24 Culinary Events
$140,000 ESTIMATED RETAIL SALES AS A
In sales DIRECT RESULT OF FASHION WEEK EVENTS 10 $10 & Under Dine Out Deals
550 12 Three–Course Prix Fixe Lunch
Orchids SAVOR THE AVENUE offers: $20 and under per person
were given away
MARCH RESULTS 23 Three–Course Dinner
offers: $40 and under per person.
$140,800

GENERATED IN RESTAURANT RESERVATIONS
SERVING 1,100 GUESTS

18 Annual Report | 2017–2018