July
New financial year begins.
Begin drafting and or revising Strategic plan, annual Business plan and budgets for the following financial year and presentation to the AGM.
Revisit BID boundary and identify any changes if required.
Identify any target rate increase or decrease Set KPI’s.
Rates notices are issued.
August
Book and arrange AGM.
Complete end of year statements and financial audit.
Present Annual Report on year ended Present Strategic plan, Annual Business plan.
Present any changes to the BID boundary map.
Present draft budget for following financial year showing any increase or decrease of the Target rate to members for approval and AGM resolution.
Invitations to all to attend AGM.
September
First payment is due.
Notify of any proposed BID boundary changes.
October
Prepare end of year financial audit documentation.
Present to all the Annual Report on year ended, Strategic plan, annual Business plan and budget for following financial year as approved by the business association membership at the AGM.
Identify new projects.
Send a copy to Wellington City Council.
November
Final Strategic Plan / Budget and Audit Reports.
Send Wellington City Council Final Business Association Annual audited report on year ended, Strategic plan, Annual Business Plan and budget for following financial year showing the Target Rate amount.
December
Second payment is due.
January
Advise Wellington City Council of the final agreed Target Rate.
February
Draft Annual Plan printed.
March
Consider budget requirements for the following financial year.
Third payment is due.
April
Any ballot to confirm or decline a BID boundary change must be completed by April.
Send submissions to Wellington City Council.
Draft annual plan supporting the BID programme and target rate.
June
Forth payment is due.
Annual plan adopted.