DACC/DDVB Financial Impact Isaac Lee, Cindy Mack

2011 Budgets – Chamber/DDVB Stand alone organizations Agenda Layout Points of Discussions Intro to Meeting – Non profit organizations have been affected by the economy. This presentation is a proactive step towards minimizing those affects on our organizations. What do we do? – Chamber/DDVB What have we done? What do we bring to the table? – Chamber/DDVB Combined Resources 2011Budgets – Chamber/DDVB Collaborating and Working as one Other Issues Roles, Staffing, Building, Other potential tenants

CHAMBER Creating a better understanding and appreciation of the importance of business and a concern for their challenges. Educating the business community and representing them in city, county, state and national legislative and political affairs. Preventing or addressing controversies that are detrimental to expansion and growth of business and the community as they arise. Creating a greater appreciation of the value of a more liberal investment of substance and self on behalf of the interest of competitive business. Promoting economic growth designed to strengthen and expand the income potential of all business within the trade area. Promoting programs of a civic, social, and cultural nature which are designed to increase the functional and aesthetic values of the community. Discovering and correcting abuses which prevent the promotion of business and community growth Enhance the appearance of the Defiance Area through beautification, restoration, and historic preservation Provide educational and other services to strengthen and expand the economic base of Downtown and Defiance Area Promote business, events, and activities in the Defiance Area DDVB What we Do? Comparison of Missions - Amazing similarities Chamber DDVB Overlap

CHAMBER Coordinated Community Events Worked with City, County, ED office to encourage project and economic growth Facilitated Membership Political advocacy Played a role in Strategic Plan Process Help to create a business friendly environment MainStreet Designation Applied for and was grant various grants for downtown development Administration of CDBG Funds Key role in Strategic Plan Process Assisted Northwest Ohio River Region Streetscape Project Coordination of Community Events DDVB What have we done? Progress

CHAMBER Income - $148,850 Membership - $94,000 Fundraisers - $54,850 Expenses - $151,830 Operations - $81,860 Membership - $69,970 We must expand our operations to grow the organization Income - $150,000 Funding - $105,000 Sponsorship - $20,000 Grant Admin. - $15,000 Fundraiser - $10,000 Expenses - $150,000 Operations - $135,000 Market - $15,000 DDVB 2010 Budget per Organization Current Year Budgets

CHAMBER Strong Organization Foundation Strong Membership (500+) Capital Funds Our Strong Network Ability to Coordinate Events Track Record of Successes Annual Funds (Guaranteed Funds) Community Relations 501c3 Status – Potential of Grant Funding Established Fundraising Events DDVB What do we bring to the table? Working together

CHAMBER Income Increase Rent Income Expenses No Rent Utility expense would remain similar in DDVB Building Office Expenses and Supplies shared Staff shared for various events Impact - $11,600 Savings with more to come Income Refer to expense savings Expenses No Utilities – Assumed by DACC Office Expenses and Supplies shared Staff shared for various events Impact - $10,800 Savings with more to come DDVB 2011 Budget - Collaboration Working as one

Other Issues 2011