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CMD and BID Annual Reports and <br />Agreement with Downtown, Inc. <br />August 16, 2010 <br />Page 3 <br />Downtown Inc., as the community-based organization for downtown, acted as the contract agency <br />for the BID funds. As of June 30, 2010, a total of $1294.37 of BID funds remain unexpended. A <br />total of $727.97 is held in the City Trust Account and $566.40 is held by Downtown Inc. Downtown <br />Inc. will expend the remaining funds towards the "Clean and Safe" Program, and a contract <br />amendment is needed to allow for its expenditure.. <br />FISCAL IMPACT <br />Funds are available in the Downtown Business Improvement District Trust & Agency Reserve <br />account (no. 09301001-24000). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />"I " ?qc?f &kt?,)a?t <br />CbOL-Cynthia J. e on <br />Deputy City anager for Development <br />Services <br />Community Development Agency <br />CJN/NTE/TE/mlr <br />Exhibits: 1. CMD Annual Report <br />2. BID Annual Report <br />YT <br />Francisco Gutierrez ??.r <br />Executive Director <br />Finance & Management Services Agency <br />25B-3