Bloordale Village Business Improvement Area - 2025 Operating Budget - by Councillor Alejandra Bravo, seconded by Councillor Shelley Carroll

No City funding is required since the financing of individual Business Improvement Area operations is raised by a special levy on the rateable commercial and industrial properties within the respective Business Improvement Area boundaries. Special levy rate reductions for the subclasses have been set out the 2025 Business Improvement Area Special Levy Rate Reductions for Subclasses for properties in the subclasses of the commercial and industrial property classes. Due to the timing of the Annual General Meeting, the Bloordale Village Business Improvement Area was not included in the regular property bills issued earlier this year. Therefore, this special charge, or levy will be included in a separate property tax bill, with a due date of October 1, 2025. The recommendation in this Notice of Motion reflects the board-adopted 2025 Operating Budget for Bloordale Village Business Improvement Area, as approved by both its Board of Management and General Membership. The Board of Management approved at its meeting on May 5 2025, followed by approval from the General Membership at the Annual General Meeting held on June 5, 2025. The 2025 Operating Budget for the Bloordale Village Business Improvement Area is $0.285 million, which requires a special levy in the amount of $0.163 million. City staff have reviewed the complete budget submission and supporting documentation to ensure that the 2025 Operating Budget aligns with Council's approved policies and practices. A detailed breakdown of the Bloordale Village Business Improvement Area's 2025 Operating Budget, as referenced in this notice of motion, is provided in Table 1. This motion has been reviewed by Revenue Services, Legal Services, Financial Planning, and the Chief Financial Officer and Treasurer. Reason for Urgency: Revenue Services requires this authority before the next meeting of City Council to issue a separate property tax bill with a due date of October 1, 2025 to applicable properties in the Business Improvement Area. Table 1: Bloordale Village Business Improvement Area 2025 Operating Budget Bloordale Village Business Improvement Area 2024 Approved Budget 2024 Projected Actuals 2025 Budget Net Change (%) Net Change ($) Revenue BIA Levy (incl. 10% provision) 154,897 154,897 162,642 5% 7,745 Grants 7,500 34,370 9,500 27% 2,000 Signature Events Revenue - - - 0% 0 Other Festival Revenues - - - 0% 0 Other Revenue - - - 0% 0 Contribution from Accumulated Surplus Reserves - - 101,476 0% 101,476 Appeal Provision Surplus 200,846 200,846 11,441 -94% -189,405 Total Revenue 363,243 390,113 285,059 -22% -78,184 Expenditures Administration 47,631 37,878 45,023 -5% -2,608 Capital 10,500 6,500 11,000 5% 500 Financed Project Loan Payments for Capital Projects (Withheld from levy) - - - 0% 0 Maintenance 138,600 65,000 106,500 -23% -32,100 Promotion and Advertising 33,500 59,320 24,750 -26% -8,750 Festivals and Events 70,000 66,500 83,000 19% 13,000 Provision for Tax Appeal Expenditures & Write Off 14,082 2,734 14,786 5% 704 Appeal Provision Deficit - - - 0% 0 Contribution to Accumulated Surplus Reserves 48,930 152,181 - -100% -48,930 Total Expenditures 363,243 390,113 285,059 -22% -78,184 Net Surplus/Deficit - - - - - Accumulated Surplus Ending Balance 300,361 403,612 290,695 - -

special levy rate reductions to the subclasses, as set out in item 2025.EC19.7 - Business Improvement Areas (BIAs) - 2025 Operating Budgets - Report 2, adopted by City Council on April 23, and 24, 2025 and attached as Attachment 1 to this motion; the special charge, or levy will be included in a separate property tax bill, with a due date of October 1, 2025.