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Financial & Legal

The U District Partnership’s (UDP) fiscal year is July 1st through June 30th. Our operating budget is approximately $1,300,000. Revenue sources include: U District Business Improvement Area (UDBIA) assessment reimbursements, the U District StreetFair, and sponsorships and grants. The UDP proposes an annual budget and work plan which is passed by the respective Boards. Financial reporting and oversight is conducted by the Executive Director, the contracted finance staff, and a joint UDP/BIA Finance Committee. Financial statements are reviewed and approved by the UDP at each monthly board meeting and the UDBIA Ratepayer Advisory Board at all meetings.