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Resolution No. 2024-062 <br /> Page 6 of 9 <br /> DOWNTOWN <br /> ASSOCIATION <br /> 9-19-24 <br /> 2025 BUDGET— SUPPLEMENTAL INFORMATION <br /> Due to a variety of factors, the PDA's revenue is currently down $52,000 YTD from <br /> our budgeted projections. In 2025 we are prepared to lose $80,000 in funding <br /> from the City of Pleasanton while also incurring new, direct expenses that we have <br /> not faced in previous years. This includes the possibility of having to pay for street <br /> closures which are projected at $17,000 each. As we look into 2025 and <br /> understand the reality of the financial climate of the City and our community, we <br /> are making dramatic changes to our budget and the structure of the PDA in order <br /> to remain operational and supportive of the Downtown businesses & district. <br /> 1. STAFFING—This is our largest expense and where the greatest potential savings can be <br /> seen, with changes. Here is the current pay rate for each position, projected pay rate for <br /> 2025 and the potential savings in 2025. <br /> Position 2024 2025 <br /> Executive Director $102,000 $114,000 <br /> Events Director $70,000 $82,000 <br /> Operations Director $85,000 $0 <br /> TOTAL SAVINGS IN 2025: (-$61,000) <br /> BUDGET IMPACT: The Operations Director position will be eliminated in 2024 which <br /> will save $85,000 in the 2025 budget. All duties/responsibilities will be shifted to the <br /> Executive Director and Events Director. A minor salary increase for each of these <br /> positions is recommended in light of the loss of a full-time employee and the increased <br /> workload for these two positions. Total savings is $61,000 for 2025. <br /> 2. EXPENSE CUTS—Our expenses are minimal, but we must look for cuts wherever <br /> possible. We are cutting deep into our expenses for 2025 and getting down to bare <br />