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Attachment 3
<br /> 9.A. - Page 79
<br /> TABLE 1
<br /> 15 Year Projected District Special Benefit Costs(assumes 5%annual increase)
<br /> Projected Budget FY 1 FY 2 FY 3 FY 4 FY 5
<br /> Sidewalk Operations $423,000.00 $444,150.00 $466,357.50 $489,675.38 $514,159.14
<br /> District Identity $160,000.00 $168,000.00 $176,400.00 $185,220.00 $194,481.00
<br /> Parking Management $54,000.00 $56,700.00 $59,535.00 $62,511.75 $65,637.34
<br /> Administration $120,000.00 $126,000.00 $132,300.00 $138,915.00 $145,860.75
<br /> Contingency $38,781.00 $40,720.05 $42,756.05 $44,893.86 $47,138.55
<br /> Total $795,781.00 $835,570.05 $877,348.55 $921,215.98 $967,276.78
<br /> Projected Budget FY 6 FY 7 FY 8 FY9 FY 10
<br /> Sidewalk Operations $539,867.10 $566,860.46 $595,203.48 $624,963.65 $656,211.84
<br /> District Identity $204,205.05 $214,415.30 $225,136.07 $236,392.87 $248,212.51
<br /> Parking Management $68,919.20 $72,365.16 $75,983.42 $79,782.59 $83,771.72
<br /> Administration $153,153.79 $160,811.48 $168,852.05 $177,294.65 $186,159.39
<br /> Contingency $49,495.48 $51,970.25 $54,568.76 $57,297.20 $60,162.06
<br /> Total $1,015,640.62 $1,066,422.65 $1,119,743.78 $1,175,730.97 $1,234,517.52
<br /> Projected Budget FY 11 FY 12 FY 13 FY 14 FY 15
<br /> Sidewalk Operations $689,022.43 $723,473.55 $759,647.23 $797,629.59 $837,511.07
<br /> District Identity $260,623.14 $273,654.30 $287,337.01 $301,703.86 $316,789.06
<br /> Program Management $87,960.31 $92,358.33 $96,976.24 $101,825.05 $106,916.31
<br /> Administration $195,467.36 $205,240.72 $215,502.76 $226,277.90 $237,591.79
<br /> Contingency $63,170.16 $66,328.67 $69,645.10 $73,127.36 $76,783.73
<br /> Total $1,296,243.39 $1,361,055.56 $1,429,108.34 $1,500,563.76 $1,575,591.95
<br /> It is recognized that market conditions may cause the cost of providing goods and services to fluctuate from year to year.
<br /> Accordingly, the Owners' Association shall have the right to reallocate up to 10% of the budget line item within the
<br /> budget categories based on such cost fluctuations subject to the review and approval by the Board and included in the
<br /> Annual Planning Report that will be approved by the Redwood City - City Council. Accrued interest or delinquent
<br /> payments may be expended in any budget category.
<br /> Any funds remaining after the fourteenth year of operation will be rolled over into the renewal budget or returned to
<br /> stakeholders. Also,if the funds are available in the fourteenth year of operations,costs for renewal may be expended.
<br /> If the District is not renewed or terminated for any reason,unexpended funds will be returned to the property owners
<br /> pursuant to California Streets and Highway Code,Section 36600.
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