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Downtown Business Improvement District Intent to Levy Assessment for 2020 <br />November 5, 2019 <br />Page 3 <br />FISCAL IMPACT <br />There is no direct fiscal impact associated with this action. The City collects the BID revenue from <br />businesses within the BID boundary and distributes funding to each organization, in accordance <br />with approved operating agreements. Revenues will be deposited equally in the BID Trust and <br />Agency Fund and distributions to each organization will be made from the same accounts as <br />follows: <br />Fiscal Year <br />Accounting <br />Fund Description <br />Accounting Unit, <br />Estimated <br />Unit -Account <br />Account Description <br />Amount <br />FY 19-20 <br />09301001-24036 <br />Business Improvement <br />Trust & Agency, <br />$50,000 <br />Jan. — June <br />District <br />Downtown Inc. <br />FY 19-20 <br />09301001-24043 <br />Business Improvement <br />Trust & Agency, Santa <br />$50,000 <br />(Jan. — June) <br />District <br />Ana Business Council <br />FY 20-21 <br />09301001-24036 <br />Business Improvement <br />Trust & Agency, <br />$50,000 <br />Jul —Dec. <br />District <br />Downtown Inc. <br />FY 20-21 <br />09301001-24043 <br />Business Improvement <br />Trust & Agency, Santa <br />$50,000 <br />Jul —Dec. <br />District <br />Ana Business Council <br />Total Amount <br />$200,000 <br />r_� � � :z.�.� a.�,F� r.� 1n r u�y_� ► u�_�KK.m r r r,� <br />Steven A. Mendoza Kathryn Downs, CPA <br />Executive Director Executive Director <br />Community Development Agency Finance and Management Services Agency <br />Exhibits: 1. 2020 Assessment Report <br />a) Attachment A - Business Improvement District Boundary <br />b) Attachment B - 2020 Annual Assessment Formula <br />c) Attachment C - Proposed Budget Summary <br />2. Resolution <br />12A-3 <br />