FBID Annual Report 2024/2025
DRAFT FBID ANNUAL REPORT - 2025/2026
FBID Annual Report 2024/2025
1. Proposed Changes in the Boundaries of FBID or in any Benefit Zones There are no proposed changes to the boundaries during Fiscal Year 2025-26.
2. Improvements and Activities to be Provided
Calendar Year 2025
April
• Approved $4,000 for the Fortuna Vintage Market
• Approved $1,000 for the Fortuna Christmas Music Festival May
• City Council voted to levy a flat assessment for FBID in the amount of $25 for Fiscal Year 2025-26
July
• Approved $1,004 for the Fortuna Fireworks and 3rd of July Festival • Approved $2,425 for the Fortuna Downtown Business Association. • Approved $4,000 to the Chamber of Commerce for Apple Harvest and the Al Gray Lighted Parade
3. Estimate of the Cost of Providing the Improvements and the Activities The amount collected through the assessments of Fortuna businesses for FY 2025-26 is estimated at $16,500.
FBID Annual Report 2024/2025
Adopted Budget for Fiscal Year 2025-26 by Fortuna City Council:
FBID Detailed Budget for Fiscal Year 2025-26
Annual
REVENUE
Citywide Assessments $16,500
Total Revenue $16,500
EXPENSES
Marketing & Promotion
Core Area Disbursements $7,500
General Advertising $4,000
Publication Expense $500
Special Events/Functions
Lighted Parade $4,000
Fireworks Festival $1,000
Apple Harvest $2,000
Other Misc Events $13,500
Total Expenses $32,500
Net Annual Surplus/(Deficit) $(16,000)
Fund History 2025-26
Fund 250 Adopted
Beginning Available Fund Balance $ 32,280
Revenues:
City Wide Assessment Fee 16,500
Downtown Assessment Fee -
Redwood Village Assessment -
Strong's Creek Plaza Assessment -
Miscellaneous Revenue -
Transfer from Other Fund -
16,500
Operating Expenditures:
Pay and Benefits -
Service and Supplies 32,500
Capital Outlay -
32,500
Net Annual Activity (16,000)
Ending Available Fund Balance $ 16,280
FBID Annual Report 2024/2025
Actual Financials (Year to date) 2025-2026
YTD
INCOME
Citywide Assessments $14,875
Total Revenue $14,875
EXPENSES
Marketing & Promotion
Core Area Disbursements –
Downtown Merchants
$0
Special Events/Functions
Lighted Parade $0
Fireworks Festival $0
Apple Harvest $1,992
Christmas Music Festival $2,224
Other Misc Events $0
Total Expenses $4,216
Net Annual Surplus/(Deficit) $10,659
4. Method and Basis of Levying the Assessment in Sufficient Detail to Allow Each Business Owner to Estimate the Amount of the Assessment
The method of the assessment is consistent with the method specified within the Fortuna Municipal Code and is shown below. For Fiscal Year 2025-26 a flat assessment of $25.00 for all businesses within the City of Fortuna was assessed.
5.40.030 Benefit assessment.
All businesses, trades and professions located within the boundaries shown on Exhibit A attached to the ordinance codified in this chapter and found on file in the office of the city clerk, shall, commencing July 1, 1990, pay a benefit assessment in addition to the city business license fee, in the amounts authorized by the city council in accordance with the Parking and Business Improvement Area Law of 1989 (California Streets and Highways Code Section 36500 et seq.).
The benefit assessment shall be payable annually during each fiscal year, as provided in FMC
5.40.080. (Ord. 2025-774 § 3 (Exh. A); Ord. 2002-636 § 2; Ord. 94-595 § 2; Ord. 90-550 § 1(B)).
5.40.080 Collection of benefit assessment
FBID Annual Report 2024/2025
The benefit assessment authorized by the ordinance codified in this chapter shall be billed by the city as of July 1st of each fiscal year and shall be paid within 30 days thereafter. Each billing shall represent 100 percent of the annual assessment. It shall be unlawful for any person to transact and carry on any business in the city without first having paid the required Fortuna business improvement district assessment. This obligation shall be enforced by the city, pursuant to the provisions of Chapter 1.08 FMC. (Ord. 2003-640 § 1; Ord. 2002-636 § 2; Ord. 90-550 § 2).
Exhibit A
In addition, it is recommended the assessment for Fiscal Year 2026-27 remain at $25. There are approximately 660 businesses in Fortuna which would generate approximately $16,500 annually.
5. Amount of Any Surplus or Deficit Revenues to be Carried Over from Previous Fiscal Year.
The amount of money generated by the FBID Assessment to be carried over from fiscal year 2024- 25 is $0 due to not having an assessment for FY 24-25. The FBID fund had a current beginning FY 25-26 balance of $42,977 with $6,350 reserved for funding in the Redwood Village Core Area and $3,150 reserved for funding in the Strongs Creek Core Area. After the FY 25-26 budgeted $16,000 deficit this leaves $17,477 that can be spent with no Core Area restrictions.
FBID Annual Report 2024/2025
If any monies are remaining from previous fiscal years, the Fortuna business assessment funds will remain in the FBID account for the next fiscal year’s activities and expenditures. The assessment funds are to be used only for FBID budget, as they are not a tax and cannot be used for general City purposes.
6. Amount of any Contributions to be Made from Sources Other than Assessments Levied The events FBID hosts are open to collecting participation fees, such as booth fees for a marketplace event and entry fees to participate in the Al Gray Lighted Parade, to name a couple possible revenue building streams. These contributions from vendors assist with offsetting the cost of the event, but the amounts collected do not completely cover the cost of the event.