Two Rivers Company ( TRC ) Fiscal Year 2015 Budget Presentation

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Gyles Jennings
5 years ago
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1 Two Rivers Company ( TRC ) Fiscal Year 2015 Budget Presentation

2 Mission The Two Rivers Company is a nonprofit organization focused on enhancing Clarksville, Tennessee s, downtown and riverfront areas. Two Rivers employs a holistic approach to address all facets of the downtown and riverfront, including organization, design, economic restructuring and promotion. It serves as a catalyst by partnering with other entities and the private sector to attract investment to this area. Two River s long term goal is to make downtown and the riverfront premier locations in Clarksville to live, work and play, which will require sufficient and permanent financial resources.

4 STRATEGIC PLAN Guiding Principles ECONOMIC VITALITY Strengthen the District s economic vitality. MARKETING, PROMOTION & COMMUNICATION Create awareness of the activities, benefits and importance of a viable District to the community and government. DISTRICT LEADERSHIP Coordinate all public and private policy and planning efforts in order to provide leadership and support for District stakeholders and to insure maximum beneficial effect and conservative allocation of resources. ACCESS & CONNECTIVITY Manage all circulation issues (traffic, parking, pedestrian, bicycling) to improve the District as a safe and convenient destination to live, work and play. HEART OF THE CITY Insure that the District remains the center of government, finance and culture with a historic sense of place. SAFE, CLEAN & GREEN Maintain an attractive, secure, safe, healthy and sustainable environment which will promote living, working and playing in the District.

The Downtown/Riverfront is the cultural center of Clarksville.

5 The Downtown/Riverfront is where your earliest history occurred (postcard location). The Downtown/Riverfront is the cultural center of Clarksville. The Downtown/Riverfront offers the best opportunity to preserve a sense of place. Why Downtown & the Riverfront Matter

The Downtown/Riverfront benefits the local economy.

of life (for citizens, business recruitment, etc.).

Downtown/Riverfront provides the greatest opportunity for

6 The Downtown/Riverfront benefits the local economy. The Downtown/Riverfront is a key to Clarksville s quality of life (for citizens, business recruitment, etc.). Why Downtown & the Riverfront Matter cont d The Downtown/Riverfront provides the greatest opportunity for fiscal efficiency ( smartest growth ). The Downtown/Riverfront is owned by everyone.

7 Key Achievements to Date Prepared a Strategic Plan blue print for TRC s operations and approach Established 8 working Committees: Executive; Budget; Business & Housing Development; Community Improvement; Downtown Clarksville Association ( DCA ); Design Review Board ( DRB ); Marketing & Promotions; Physical Planning Created a logo; secured funding for creating/managing a website Replaced PT Interim Director with a FT Executive Director Prepared budget/secured funding for FY13/14 (City of Clarksville and the Aspire Foundation) $455,048 total budget Coordinated planning studies to assist with redevelopment of the Riverfront and Downtown: Market Analysis & Strategy; UT Urban Design Study Secured for the City a State grant utilized to update DRB design guidelines Coordinated design charrette for key downtown site Identified/Prioritized key capital projects in the downtown Continue to be advocate group for the Riverfront and Downtown revitalization

8 Two Rivers Company FY 2015 Proposed Budget 0% FY % Salaries/Benefits Operating & Initiatives 78% Capital Projects

9 Two Rivers Company FY 2015 Proposed Budget Actual 2013 Original Budget 2014 (1) Amended/ Projected 2014 Proposed 2015 Salaries/Benefits (2) $98,944 $56,550 $105,197 Oper. & Initiatives $133,216 $372,063 Capital Projects $277,000 $0 TOTAL $98,944 $466,766 $477,260 (1) Budget effective 4/4/14 6/30/14 (2) TRC personnel line item contained in City legislative budget shown here for TRC total budget illustration

10 FTE/New Employee Requests Full time Equivalent FY 2011 FY 2012 FY 2013 FY 2014 Proposed FY 2015 # of Full time 1 1 # of Part time 0 1 Full time Equivalent New Employee Requests Expected Cost Reason for Position PT (1/2 FY) temp. staff $7,800 Admin. asst.; graphics; marketing/events support

11 Revenues by Source Two Rivers Company Revenues By Source Actual 2013 Original Budget 2014 (1) Amended/ Projected 2014 Proposed 2015 TRC/Aspire $139,789 $110,013 City (2) $98,944 $406,550 $367,247 Total $98,944 $546,339 $477,260 (1) Budget effective 4/3/14 6/30/14 (2) TRC personnel line item contained in City legislative budget shown here for TRC total budget illustration

12 Fiscal Year 2015 funding vital to accomplish Redevelopment Initiatives: Incentive programs to assist with private property improvements framing the public realm Professional consultant services Marketing, promotions, and customer surveys Special events to bring customers and activity to the downtown Small project initiatives to improve aesthetic/social/cultural conditions of the downtown/riverfront public realm

Strategic Plan

Village of Hobart Strategic Plan 2015-17 August 5, 2014 Project Goals Articulate a Vision for the Village s future Devise a 3-Year Strategic Action Plan in furtherance of that vision Percent Population