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<br />
<br />
<br />
<br />PROJECTED FIVE-YEAR BUDGETS/PROGRAM COSTS
<br />
<br />
<br />
<br />
<br />REVENUE
<br />
<br />
<br />
<br />
<br />
<br />
<br />Source Year 1 Year 2 Year 3 Year 4 Year 5
<br />
<br />
<br />
<br />CMD Assessments $920,000.00 $966,000.00 $1,014,300.00 $1,065,015.00 $1,118,265.75
<br />
<br />
<br />
<br />All Other $30,000.00 $31,500.00 $33,075.00 $34,728.75 $36,465.19
<br />
<br />
<br /> $950,000.00 $997,500.00 $1,047,375.00 $1,099,743.75 $1,154,730.94
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />EXPENDITURES
<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />Programs & Activities Year 1 Year 2 Year 3 Year 4 Year 5
<br />
<br />
<br />Maint & Landscaping $220,135.00 $231,141.75 $242,698.83 $254,833.77 $267,575.45
<br />
<br />
<br />
<br />Marketing &
<br />$372,990.00 $391,639.50 $411,221.47 $431,782.54 $453,371.66
<br />Promotions
<br />
<br />Ambassador Program $183,390.00 $192,559.50 $202,187.47 $212,296.84 $222,911.68
<br />
<br />
<br />Physical
<br />
<br />$48,825.00 $51,266.25 $53,829.56 $56,521.04 $59,347.09
<br />Enhancement
<br />
<br />Admin & Operations $124,660.00 $130,893.00 $137,437.65 $144,309.53 $151,525.00
<br />
<br />
<br />
<br />
<br />TOTAL $950,000.00 $997,500.00 $1,047,375.00 $1,099,743.75 $1,154,730.94
<br />
<br />
<br />
<br />
<br />
<br />All projects and activities are designed to enhance the assets and image of Downtown
<br />Santa Ana, and thereby increase commerce and promote business within the boundaries
<br />of the CMD. The annual budget for the first year is estimated to be $950,000. Of that
<br />amount, $920,000 is to be generated through special assessments. The nonprofit
<br />Management District Corporation shall have the right to reallocate up to 35 percent of the
<br />total budget within the budget categories. Accrued interest or delinquent payments may
<br />be expended in any budget category.
<br />
<br />Any funds remaining after the fifth year of operation will be rolled over into the renewal
<br />budget or returned to stakeholders. Also, if the funds are available in the fourth or fifth
<br />year of operations, costs for renewal may be expended. If the District is not renewed or
<br />terminated for any reason, unexpended funds will be returned to the property owners.
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