City of Regina
Saskatchewan CA

CC City Manager
CM23-22

Regina Downtown Business Improvement District - 2022 Annual Report

Information

Department:Financial ServicesSponsors:
Category:Not Applicable

Report Body

 

ISSUE

 

In 1981, City Council created what is now called the Regina Downtown Business Improvement District pursuant to Bylaw 2003-80. The purpose is to promote and enhance the City’s downtown for businesses operating in the district and improve the quality of life for those who use and visit downtown. Regina Downtown’s activities are guided by a Board of Directors according to the responsibilities and obligations in Sections 25 and 26 of The Cities Act and Bylaw 2003-80.

 

Section 9 of The Regina Downtown Business Improvement District Bylaw, 2003-80, indicates that on or before May 1 of each year, the Board of the Business Improvement District will submit its Annual Report for the preceding year to Council, together with a complete audited and certified financial statement of its affairs with balance sheet and revenue and expenditure statements.


IMPACTS

 

Financial Impact

As Regina Downtown is a Business Improvement District of the City of Regina, the audited financial statements have been consolidated into the City’s 2022 Annual Report and Consolidated Financial Statements.


Policy/Strategic Impact

The work profiled in the Regina Downtown Business Improvement District’s 2022 Annual Report aligns with the City’s strategic priorities of Vibrant Community and Economic Prosperity, specifically the strategies to “Prioritize a vibrant city centre”, “Provide and encourage year-round programs and services” and “Promote Regina as a leading destination for visitors, talent, businesses and investment.”

 

Environmental impacts

None with respect to this report.

 

OTHER OPTIONS

 

None with respect to this report.

 

COMMUNICATIONS

 

None with respect to this report.

 

DISCUSSION

 

Section 9 of The Regina Downtown Business Improvement District Bylaw, 2003-80, requires that:

“On or before May 1 in each year, the Board shall submit its annual report for the preceding year to Council together with a complete audited and certified financial statement of its affairs, with a balance sheet and revenue and expenditures.”

 

In March 2022, City Council approved Regina Downtown’s 2022 Budget. The financial and non-financial results for the year ended December 31, 2022, are presented in Regina Downtown’s 2022 Annual Report and included as Appendix A of this report.

 

2022 Annual Report

Highlights from Regina Downtown’s 2022 Annual Report, attached as Appendix A, include:

·         The December 31, 2022, audited financial statements reflect a surplus of $221,982 in revenue over expenses.

·         RDBID was very active in the community throughout the year, some highlights of the year were:

·         Frost Regina Festival: Frost downtown was a big success, drawing over 11,000 people outside to experience art, culture, sport, music, and our beautiful downtown rink. Frost Regina was named one of Canada’s best winter festivals by The Globe and Mail. 

·         Downtown Regina Community Support Program: Established in 2022 after a one-year pilot program, the program reaches out to help those in need access food, shelter, health care, harm reduction and crisis counselling.

·         Winter Art Installations: Regina Downtown and Regina’s Warehouse Business Improvement District, in partnership with the City of Regina, launched an artistic installation pilot project. This pilot project called upon talented local architects, artists, and design professionals to interoperate the concept of “warmth” and “shelter” into a design to activate public space in the wintertime.

·         5th Annual Downtown Cleanup Day: Regina Downtown’s Annual Cleanup Day took place on September 10. Thanks to the volunteers that came out to help keep downtown Regina looking good, 28 pounds of garbage were picked up during the event.

 

DECISION HISTORY

 

At its meeting on March 15, 2023, City Council considered item CM22-7 – Regina Downtown Business Improvement District – 2022 Budget and adopted the recommendation contained in the report.

 

 

Respectfully Submitted,              Respectfully Submitted,

 

             

 

Kim Krywulak              Barry Lacey

Director, Financial Services                                                Executive Director, Financial Strategy & Sustainability

 

Prepared by: Breanne Howden, Sr. Financial Reporting & Policy Advisor