CID proposal budget information—the Act, s 9(5)(a)
4 CID proposal budget information—the Act, s 9(5)(a)
A CID proponent must include in a CID proposal made to the Authority the following information about the expected budget of the proposed CID entity—
projected expenditures, including expenditures for the proposed services, activities and projects and related operations and for staffing and communications,
projected revenue from the proposed levy,
projected revenue sources, other than the proposed levy, including corporate sponsorships, advertising or media sources, merchandising or the provision of co-working spaces, if applicable,
an analysis of whether the proposed levy and additional projected revenue sources would be sufficient to fund the proposed services, activities and projects,
a contingency plan for unexpected expenses or reductions in revenue.
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