How NoMA BID prevented $33,138 in missed assessment revenue
For years, assessments at NoMA BID were reconciled the way most districts still do it, in a stack of spreadsheets, once a quarter, by hand. When the finance team finally walked the old parcel inside a proper system...
The Challenge
Like many established BIDs, NoMA BID had grown over decades with assessment data scattered across multiple spreadsheets and legacy systems. The finance team was spending hours each quarter manually reconciling assessments, tracking renewals, and updating records. With hundreds of properties and multiple assessment tiers, the manual process was both error-prone and time-consuming.
The Solution
NoMA BID implemented District360 to centralize all assessment data in a single system. The platform provided:
- Automated assessment tracking and renewal alerts
- Real-time visibility into payment status and delinquencies
- Built-in reconciliation workflows
- Historical data preservation and audit trails
The Results
Within the first year of implementation, NoMA BID's finance team discovered $33,138 in missed assessment revenue that had gone untracked. By moving from quarterly manual reconciliation to continuous automated monitoring, they were able to:
- Reduce assessment reconciliation time by 75%
- Identify and recover missed revenue
- Implement proactive delinquency management
- Eliminate spreadsheet-based tracking errors
Impact
The recovered assessment revenue was reinvested into district programming and services. The finance team now completes quarterly reconciliation in hours instead of days, freeing them to focus on strategic financial planning rather than data entry.
Ready to uncover your district's hidden revenue?
Like NoMA BID, your district might have missed assessment revenue sitting in the data. Let's take a look.
