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EXHIBIT 2 <br />Main Street Louisville Business Improvement District <br />Budget - 2024 <br />Revenues 2019-2022 2023 2023 2024 <br />Actual Budget YTD Budget <br />Actual, <br />Projected <br />Property taxes <br />S.O. taxes <br />Landowner advances <br />Fees and charges <br />Bond proceeds <br />Intergovernmental Revenue <br />Other <br />Expenditures <br />0 0 <br />0 0 <br />0 0 <br />0 0 <br />0 0 <br />0 0 <br />0 0 <br />0 0 <br />0 0 <br />0 0 <br />0 0 <br />0 0 <br />0 0 <br />0 0 <br />Total 0 0 0 0 <br />Accounting <br />0 <br />0 <br />0 0 <br />Auditing <br />0 <br />0 <br />0 0 <br />Legal <br />0 <br />0 <br />0 0 <br />Engineering <br />0 <br />0 <br />0 0 <br />Management <br />0 <br />0 <br />0 0 <br />Capital projects <br />0 <br />0 <br />0 0 <br />Debt service <br />0 <br />0 <br />0 0 <br />Other <br />0 <br />0 <br />0 0 <br />Held in reserve <br />0 <br />0 <br />0 0 <br />Total 0 0 0 0 <br />Notes to Budget: <br />1. The Boulder County Assessor's August 21, 2023 Certification of Value for the BID <br />shows a substantial increase in the net total assessed valuation from last year to this year: an <br />increase from $13,823,042 last year to $17,171,556 this year. Only $28,620 of the net total <br />assessed valuation is due to new construction. A mill levy of "zero" will be certified on or before <br />December 15, 2023. <br />2. A few expenses incurred on behalf of the District were previously paid by Spencer <br />Fane LLP, or the pro bono attorney from private accounts. No provision for repayment of these <br />costs has been made or is currently contemplated. <br />DN 4257652.1 <br />