b'E R B ID2 B UDG ETFORECAS T 20222027ERBID2 BUDGET2022/232023/242024/252025/262026/275 Year TotalsIncome BID Levy532,000532,000532,000532,000532,0002,660,000Additional Income70,00070,00070,00070,00070,000350,000Total Income602,000602,000602,000602,000602,0003,010,000Expenditure Projects and ServicesDestination Marketing376,300376,300376,300376,300376,3001,881,500Events * 100,000100,000100,000100,000100,000500,000 Core ExpensesStaff 100,000 100,000 100,000 100,000 100,000 500,000OfficeandITSupport 12,000 12,000 12,000 12,000 12,000 60,000Insurance 2,900 2,900 2,900 2,900 2,900 14,500LevyCollectionCosts 8,000 8,000 8,000 8,000 8,000 40,000Professional Fees2,5002,5002,5002,5002,50012,500Bank Charges3003003003003001,500Total Expenditure602,000602,000602,000602,000602,0003,010,000 * To be match funded by Torbay Council for 2022, 2023 and 2024 generating a new joint 600,000 Event Development Fund.ADDITIONAL INCOMEDID YOU KNOW?The English Riviera BID Company has raised over 550,000 in additional income over the past 4 years which has meant that all core staff costs have been covered, meaning that your Levy has all been spent on Destination Marketing.For ERBID2 we will continue raising Commercial Incomeand seeking additional income through the following means,to maximise the funds for Destination Marketing:APPLYING FOR TOURISM GRANTSENCOURAGING VOLUNTARY CONTRIBUTORS SEEKING SPONSORSHIPwww.englishrivierabid.co.uk / 23 /'