DEGC Budget Analysis
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Detroit Economic Growth CorporationlEconomic Development CorporationlDowntown Development Authority
FY 2013-2014 Budget Analysis by the Fiscal Analysis Division
Detroit Economic Growth Corporation (DEGC)
The DEGC is a private nonprofit development organization of public, business, laborand community leaders established to assist business in expanding or locating inDetroit. The DEGC provides staff and other administrative services to the DowntownDevelopment Authority (DDA), Local Development Financing Authority (LDFA), theEconomic Development Corporation (EDC), and the Detroit Brownfield RedevelopmentAuthority (DBRA). These development entities do not contain any staff.
The DEGC receives funding primarily from the City of Detroit through its Planning andDevelopment Department (POD), the DDA, the EDC and corporate contributions. TheDDA, LDFA, EDC and DBRA contributions to the DEGC's budget serve asreimbursement to the DEGC for staff services, office space, and operating expenses.
In the proposed 2013-14 budget for POD, POD requested a contribution of $850,000 tothe DEGC, but the Mayor recommends a contribution of $700,000, a 17.6% reductionfrom POD's request (see Attachment I). The chart below shows the City's contributionsto the DEGC since 2007-08:
City of Detroit's Contribution to the Detroit Economic Growth Corporationfrom Its Planning and Development Department
Recom-mended
FY FY FY FY FY FY FY2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14
Contri-butionAmount $1,000,000 $1,000,000 $1,000,000 $1,000,000 $850,000 $850,000 $700,000
The DEGC feels the City's contribution helps the organization provide citywide proactivebusiness attraction and retention efforts, work on vital economic development projects,and continue to work with the POD during pre-development stages on City projects.
The chart below shows the proposed 2013-2014 budget for the DEGC as compared tothe current year's budget. The DEGC desires a budget for next fiscal year that includesPOD's request of $850,000:
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fiscal year, and it provides the project fee sources. The EDC board approves thisbudget. Council approves the City contribution and project fees stemming fromcontracts your Honorable Body approve between the EDC and the City of Detroitfor a particular project/fund, such as the Casino Business Fund. The EDCsupplement remains the same as the current year.
(D) Represents DDA's reimbursement to DEGC for staff cost and indirect expenses(rent, utilities, supplies, etc.). DDA's contract level is the same as the current fiscalyear.
(E) The LDFA budget is based upon tax increment revenues, service fees, Cityreimbursement, and interest/other income drawn down from the MichiganEconomic Development Corporation (MEDC) in prior years. The LDFAcontribution remains the same as the current year. See Attachment III for LDFA'scurrent year's budget that was approved by Council.
(F) The Environmental Affairs Department has entered into a contract with the DBRAto reimburse the DEGC for DEGC administrative services. See Attachment IV forDBRA's operating budget for the current fiscal year, adopted by the DBRA board.
(G) Private sector contributions are expected to remain the same as the current year.
(G1) With the approval of the Boards of the various Authorities that DEGC administers,the DEGC has hired an in-house General Counsel. Funding for the position andassistance is received through the reallocation of the existing legal budgets of thevarious Authorities. This is done at a much lower rate than if the DEGC were stillusing an external law firm as its General Counsel, resulting in a net savings to theAuthorities.
(H) The DEGC has entered into contractual agreements to provide administrativeservices (such as accounting and financial reporting services) for Eastern Marketand the former Next Detroit Neighborhood Initiative (this organization will berenamed), both Michigan non-profit corporations.
(I) The DEGC includes interest income in the Services/Other Fees revenue line item.
(J) The DEGC expects to receive this level of service fees from the Detroit IndustrialRevolving Loan Fund (DIRLF). The DEGC has received permission from thefederal Economic Development Administration (EDA) to utilize this fund forcommercial projects as well. Formerly, the EDA Title 9 monies, which support theloan fund, could be used only for industrial projects. The DIRLF can now provideup to $200,000 in commercial loan funds. In addition, due to interest rates and thetiming of cash receipts, the DEGC is no longer able to capture any real interestincome in a given year.
Please note that the remaining explanations relate to expenditures.
(K) The DEGC continues to operate with 38 employees and 2 consultants (last yearthe DEGC had 3 consultants). In addition, the DEGC has hired an internal General
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Counsel, and a new Office Manager who is doubling as a Legal Assistant. Fringescost remains about 29% of payroll, but cost go up due to normal increases inhealth care and the addition of the general counsel and office manager positions.
(L) The DEGC is cutting back on legal services as it realizes some savings bringing anin-house general counsel. Professional services go down due to reduced funding.
(M) The travel/meetings/marketing budget remains the same.
(N) The rent/utilities/insurance budget remains the same.
(0) The DEGC's line of credit is fully exhausted and no interest payment is expected in2013-14.
(P) The equipment budget remains the same.
(Q) "Other" includes postage, building maintenance, delivery, supplies, printing, dues,publications & subscriptions, processing fees, special projects, advertising,governmental relations/fund raising and other miscellaneous expenses. Thisbudget remains the same.
The DEGC is organized so that its employees can be more functionally oriented ratherthan departmentally oriented. This way, staff can use their skills to work on a broadspectrum of citywide projects rather than on projects related to a specific area, such ascommercial development. The DEGC has clarified, however, whom employees reportto, thereby, maintaining accountability.
Attached is DEGC's most recent organizational chart (Attachment V).
Economic Development Corporation (EDC)
In the proposed 2013-14 budget for POD, POD requested a contribution of $255,000 tothe EDC, but the Mayor recommends a contribution of $200,000, a 21.6% reductionfrom POD's request (see Attachment I). The chart below shows the City's contributionsto the DEGC since 2007-08:
City of Detroit's Contribution to the Economic Development Corporationfrom Its Planning and Development Department
RecommendedFY FY FY FY FY FY FY2007-08 2008-09 2009-10 2010-11 2011-12 I 2012-13 2013-14
ContributionAmount $300,000 $300,000 $300,000 $300,000 $255,000 $255,000 $200,000
Additionally, as indicated earlier, the EDC does traditionally supplement DEGC's budgetfrom EDC's project service fees and reserves (see EDC's Supplement per DEGC'sbudget in the chart above).
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The chart below shows the proposed 2013-2014 budget for the EDC as compared tothe current year's budget.
EDC POD'sEDC Proposed Proposed Comment
FY 2012- FY 2013- FY 2013-13 14 14 Reference
Revenue Budget Budget Allocation Difference Letter
City Contract $255,000 $255,000 $255,000 $0
Expenses
Contractual Services-DEGC $250,000 $250,000 $0 (A)Legal/Audit Services-EDC 5,000 5,000 0
Total $255,000 $255,000 $0
(A) Represents EDC's reimbursement to DEGC for DEGC staff time and indirect costsallocated to EDC related activity.
The DEGC hopes to maintain the same level of City contribution in order for the EDC toprovide an adequate amount economic development project services.
However, again at Attachment II, the current year's operating budget for the EDCdescribes in more detail other revenues captured by the EDC and what expendituresthey pay for.
Downtown Development Authority (DDA)
The DDA, a public corporation for the City of Detroit, was established for the purpose ofpromoting and developing economic growth in the City of Detroit's downtown businessdistrict. The DDA has been authorized to fund its General Fund (operating) budget byan ad valorem tax of one mill on real and tangible personal property not exempt by lawin the downtown development district, and by a levy on the increased assessed value ofa tax increment district, and the issuance of negotiable revenue and tax incrementbonds to finance the development activities of the DDA.
Note: the DDA could receive two mills on real and personal property for operatingpurposes based on the 2010 Census count results.
Unlike the DEGC and EDC, the DDA does not receive a General Fund contribution.Therefore, the DDA feels they do not need to come before Council during any DEGCand EDC budget hearing. The DDA has expressed that they would be willing toaddress any DDA concerns that Council may have when their operating budget is
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presented to them in June. Attachment VI represents the current year's operatingbudget for the DDA City Council approved in July 2012.
Council will recall as well that pursuant to State Public Act No. 197, Council approvesthe Tax Increment Finance Plan, which delineates the anticipated development projectsin the downtown area. Whenever the TIF Plan is amended, the DDA board must firstapprove the amendments, and then the amendments come before Council for approval.This process additionally gives Council an opportunity to review the DDA's policies,plans, and procedures as they relate to development activity in the downtown area.
Attachment VII represents an excellent chart from the most recent Capital Agendashowing the relationship of the DEGC and related development entities (DDA, EDC,etc.) commonly known as the "alphabet soup". The Capital Agenda also contains briefdescriptions on these development entities with past and pending projects.
Issues and Questions
DEGC
Please describe the impact of the Mayor's proposed 17.6% cut to the City's contributionto the DEGC, going from $850,000 to $700,000, on DEGC services.
Please describe the DEGC's understanding of Planning and Economic Developmentand City Planning Commission functions consolidating with the DEGC and this willimprove service delivery.
Please provide the most recent accomplishments by the DEGC, including bothdowntown and neighborhood development projects.
What major new economic projects the DEGC anticipates working on in 2013-14 forboth downtown and neighborhood development?
Does the DEGC anticipate the DDA board approving any modifications to the TaxIncrement Financing Plan and Development Plan for Development Area No.1 soon forCouncil's approval?
Please describe the impact of the Mayor's proposed 21.6% cut to the City's contributionto the DEGC, going from $255,000 to $200,000, on EDC services.
Please provide the most recent schedule of the Casino Business Development Funddollars, showing budget versus actual revenues and expenditures, with balances. Ifavailable, please provide an explanation of individual program expenditures to date.
What major industrial projects you have on the horizon?
BRDA
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Please provide the most recent spreadsheet of brownfield redevelopment projects withanticipated investment and job creation levels.
What is causing the lower number of brownfield redevelopment projects in the last yearcoming before Council?
LDFA
Is the Local Development Finance Authority generating sufficient tax incrementrevenues to meet debt service requirements?
Is the Downtown Development Authority generating sufficient tax increment revenues tomeet debt service requirements?
Other
Please provide a copy of the June 30, 2012 audited financial statements for the DEGCand affiliates, EDC, LDFA, DBRA, and the DDA.
IC: 1\2013-14\IC\DEGC-EDC-DDA 13 14.doc
Attachments
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.p~,-h~t ....r .rCITY OF DETROIT
Planning and Development DepartmentFinancial Detail by Appropriation and Organization
2012-13 2013-14 2013-14Redbook Dept Final Mayor's
Community Development Request Budget RecCommunity Development FTE AMOUNT FTE AMOUNT FTE AMOUNT
APPROPRIA TlONORGANIZA TION
00014 - Community Development360130 - Community Development 0 $219,357 0 $271,782 0 $181,966
APPROPRIATION TOTAL 0 $219,357 0 $271,782 0 $181,966
00595 - Economic Development Corporation360134 - Economic Development Corporation 0 $255,000 0 $255,000 0 $200,000
APPROPRIATION TOTAL 0 $255,000 0 $255,000 0 $200,000
00597 - Economic Growth Corporation360135 - Economic Growth Corporation 0 $850,000 0 $850,000 0 $700,000
APPROPRIATION TOTAL 0 $850,000 0 $850,000 0 $700,000
05797 - Eight Mile Boulevard BG360600 - Eight Mile Boulevard BG 0 $22,700 0 $22,700 0 $22,700
APPROPRIATION TOTAL 0 $22,700 0 $22,700 0 $22,700
11134 - Office of Neighborhood Development - PO363125 - Office of Neighborhood Development 1 $125,764 0 $0 0 $0
APPROPRIATION TOTAL 1 $125,764 0 $0 0 $0
11302 - ONCR Project363138 - ONCR Project 0 $40,000 0 $0 0 $0
APPROPRIATION TOTAL 0 $40,000 0 $0 0 $0
12368 - DTC Loan Repayment364046 - DTC Loan Repayment 0 $147,000 0 $147,000 0 $147,000
APPROPRIATION TOTAL 0 $147,000 0 $147,000 0 $147,000
13529 - Section 108 Loans364082 - Garfield Sec 108 Loan 0 $260,603 0 $251,805 0 $251,805
364083 - Stuberstone Sec 108 Loan 0 $35,658 0 $34,485 0 $34,485
364084 - Ferry Street Inn Sce 108 Loan 0 $266,426 0 $332,888 0 $332,888
364085 - New Amsterdam Sec 108 Loan 0 $842,321 0 $843,545 0 $843,545
364086 - Mexicantown Mercado Sec 108 Loan 0 $0 0 $574,130 0 $574,130364087 - Garfield II Sce 108 Loan 0 $487,710 0 $485,755 0 $485,755
364088 - Vernor Lawndale See 108 Loan 0 $97,489 0 $545,874 0 $545,874
364089 - Book Cadillac Sec 108 Loan 0 $921,323 0 $1,623,003 0 $1,623,003
36-9
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~J. n\ (IV) +: 7/ECONOMIC DEVELOPMENT CORPORATION OF THE CITY OF
DETROITOPERATING BUDGET
JULY 1, 2012 TO JUNE 30, 2013
Proposed BudgetJune 3D, 2013
REVENUE
City of DetroitTSF From Waterfront ReclamationTSF From Other ProjectsTSF From Casino Development FundTSF From Wayne State UDAGTSF From Trizec AnnuityOther Revenue & Service Fees
255,000200,000140,000350,00050,000
350,00025,000
TOTAL REVENUE 1,370,000
EXPENSES
Detroit Economic Growth CorpDetroit Economic Growth Corp Special ProjOther Projects Administrative FeesLegal ServicesAuditMiscellaneous
650,000500,000140,00033,00027,00020,000
TOTAL EXPENSES 1,370,000
Operating Surplus/(Shortfall) o
Debt Service(Increase)/Decrease in Reserve
oo
NET SURPLUS/(SHORTFALL) o
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II ~Lh rYl.fVl r 'firLOCAL DEVELOPMENT FINANCE AUTHORITY
OPERATING BUDGETJULY 1,2012 TO JUNE 30,2013
Proposed BudgetJune 30, 2013
REVENUE
TAX INCREMENT REVENUES RELEASED CURRENT YEARCITY REIMBURSEMENTINTEREST/OTHER INCOME
150,000o
25,000
TOTAL OPERATING REVENUE 175,000
TOTAL REVENUE 175,000
EXPENSES
DETROIT ECONOMIC GROWTH CORPORATIONMAINTENANCE/OTHER
125,00050,000
TOTAL OPERATING EXPENSES 175,000
TOTAL EXPENSES 175,000
Operating Surplus/(Shortfall) o
(lncrease)/Decrease in Reserve oNET SURPLUS/(SHORTFALL) o
r:\Idfa\operating\budget2012_ 13.xls
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A~~"",,,fV\t- FCITY OF DETROIT BROWNFIELD REDEVELOPMENT AUTHORITY
OPERATING BUDGETJULY 1, 2012 TO JUNE 30, 2013
Proposed BudgetJune 30, 2013
REVENUE
CITY OF DETROITBROWNFIELD APPLICATION / ADMIN. FEESINTEREST/OTHER INCOME
o235,000
500
TOTAL REVENUE 235,500
EXPENSES
DETROIT ECONOMIC GROWTH CORPORATIONPUBLIC NOTICES/ADVERTISINGLEGALAUDITINSURANCEWORKSHOPS/PROMOTIONOTHER EXPENSES
250,00026,00030,00010,00022,0001,5001,000
TOTAL EXPENSES 340,500
Operating Surplus/(Shortfall) (105,000)
(Increase)/Decrease in Reserve 105,000
NET SURPLUS/(SHORTFALL) o
r:\dbra\operating\budget12_ 13.xls
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Diane Stafford
Executive Assistant
George W. Jackson, Jr.CEO
-----------( \I Ron Flies I____-J I
I Executive Consultant I
,----------~Rebecca Navin
General Counsel
OEGC
~We're all business.
Art Papapanos
Vice President
Board Administration
r---I-----,Jennifer Kanalos
BrownfieldRedevelopment
Program Manager
Gay HilgerAdministrative
Associate
Tiffini D. SmithDirector
Corporate Communications
Brian Holdwick
Executive Vice President
Business Development &Financial Services
Olga Stella
Vice President
Business Development
Waymon Guillebeaux
Executwe Vice President
Project Management &Construction Services
( - -G~ry-B::n - ':
----~: Construction I, Consultant I--------'"I
Carla HudsonDocument
Management
Malinda JensenDirector
Business Development
Mark Denson Tracie TillingerBusiness Development Business Development
Manager Manager
Kenyetta Harriston-
~
William DillonBridges
Business DevelopmentBusinessDevelopmentManager Manager
Mariangela Pledl H Spencer OlenikBusiness Development Development AssistantManagerWendy Hill
DevelopmentAssociate
Malik Goodwin
Vice President -Project Management
I
Will TammingaDirector
Project Management
Scott Veldhuis Tim MilesSenior Project Senior Project
Manager Manager
Cleveland Dailey, III Orza RobertsonProject Manager Project Manager
Denise Colona
~11 David TobarProject Manager Project Manager
y Sandra Smith~
Andrea Haas
Real Estate Manager Associate ProjectManager
Glen Long, Jr.
Vice President Administration
Chief Financial Officer
Kelly Shovan
H Joyce JosaitisAssistantController Office ManagerDenise Hundley lJ Vickey Thompson
Contract & BenefitsFinance Associate I I AdministratorElizabeth Reaves H Edward FisherAccounting Office AssistantAssociate
~
Sheila AnthonyReceptionist
~
Lamont DavisLAN/WAN
Administrator
1Terrance Jordan
Senior LAN
AdministratorTechnologyCoordinator
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/J~hYl1e~r < IIIDOWNTOWN DEVELOPMENT AUTHORITY
BUDGET2012-2013
2012-13BUDGET
REVENUES:
Current taxes - one mil $ 850,000Earnings on investments 1,000Transfer from Tax Increment Fund 500,000State BusinessTax Refund 0Parking Operations 825,000Other 20,000From/(To) prior year balance 334,000
TOTAL REVENUES $ 2,530,000
EXPENSES:
Contractual ServicesDetroit Economic Growth Corp $ 1,500,000Annual Audit 29,000
Sub-Total $ 1,529,000
Professional Service FeesLegal Services $ 200,000Insurance 250,000Advertisi ng/Marketi ng 16,000Computer Support 10,000
Sub-Total $ 476,000
Parking Lots Management $ 25,000
Special Projects & Contingencies $ 500,000
TOTAL EXPENSES $ 2,530,000
r:\acct\dda\operatin\bud12_ 13.xls
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David BingMayor - City of Detroit
Indicates a Professional,24123 st Services Agreement exists
between the entities
PROPOSED CAPITAL AGENDA FY 2013-14 through 2017-18
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