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PROJECTED MODIFIED FIVE -YEAR BUDGETSIPROGRAM COSTS
<br />REVENUE
<br />Source
<br />Year
<br />Year
<br />Year
<br />Year
<br />Year
<br />CMD Assessments
<br />$920,000.00
<br />$966,000.00
<br />$1,014,300.00
<br />$1,065,015.00
<br />$1,118,265.75
<br />$722,000
<br />$758,100
<br />$796,005
<br />All Other
<br />$30,000.00
<br />$31,500.00
<br />$33,075.00
<br />$34,728.75
<br />$36,465.19
<br />$3,000
<br />$3,150
<br />$3,308
<br />$950,000.00
<br />$997,500.00
<br />$1,047,375.00
<br />$1,099,743.75
<br />$1,154,730.94
<br />$725,000
<br />$761,250
<br />$799,313
<br />EXPENDITURES
<br />Programs & Activities
<br />Year 1
<br />Year 2
<br />Year 3
<br />Year 4
<br />Year 5
<br />Maint & Landscaping
<br />$220,135.00
<br />$231,141.75
<br />$242,698.83
<br />$254,833.77
<br />$267,575.45
<br />$187,720
<br />$197,106
<br />$206,961
<br />Marketing &
<br />$372,990.00
<br />$391,639.50
<br />$411,221.47
<br />$431,782.54
<br />$453,371.66
<br />Promotions
<br />$267,140
<br />$280,497
<br />$294,522
<br />Ambassador Program
<br />$183,390.00
<br />$192,559.50
<br />$202,187.47
<br />$212,296.84
<br />$222,911.68
<br />$151,620
<br />$159,201
<br />$167,161
<br />Physical
<br />$48,825.00
<br />$51,266.25
<br />$53,829.56
<br />$56,521.04
<br />$59,347.09
<br />Enhancement
<br />$43,320
<br />$45,486
<br />$47,760
<br />Admin & Operations
<br />$124,660.00
<br />$130,893.00
<br />$137,437.65
<br />$144,309.53
<br />$151,525.00
<br />$75,200
<br />$78,960
<br />$82,908
<br />$1,047,375.00
<br />$1,099,743.75
<br />$1,154,730.94
<br />TOTAL
<br />$950,000.00
<br />$997,500.00
<br />$725,000
<br />$761250
<br />$799,312
<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 />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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