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item 11 Adoption of a Resolution approving the Garden Grove Tourism Improvement District Advisory Board's 2024-25 Annual Report, Declaration of Intention to levy assessments for Fiscal Year 2024-25, and setti

Garden Grove City Council
May 14, 2024

Document
item 11 Adoption of a Resolution approving the Garden Grove Tourism Improvement District Advisory Board's 2024-25 Annual Report, Declaration of Intention to levy assessments for Fiscal Year 2024-25, and setti
Meeting
May 14, 2024
Body
Garden Grove City Council
Original file
440 KB
Text extracted from the city's file for reading and search. Open the original on agendasuite.org. That file is the official record.

GGTID Budget FY 2024-2025
Revenue
FY 2024-25 Estimated Revenue 711,000.00$
FY 2023-24 Budget Carry Over 150,000.00$
FY 2024-25 Total Revenue 861,000.00$
Expenses: % Budget

1.Marketing
A.Advertising 3.30% 28,413.00$
B.Website 3.30% 28,413.00$
C.Foods of Garden Grove 3.30% 28,413.00$

2. Tourism Missions 4.00% 34,440.00$

3. Chamber and Sponsorships 6.00% 51,660.00$

4. Private Security 30.00% 258,300.00$

5.Harbor Boulevard Maintenance/Utilities/Repairs/Landscape 33.00% 284,130.00$

6.Cond Management Contract 2.10% 18,081.00$

7.City Admin Fees (per Agreement) 3.00% 25,830.00$

8.Administrative/Accounting/Auditing (per Agreement) 4.00% 34,440.00$

9.GGTID Reserve 8.00% 68,880.00$
Total Budget 100.00% 832,587.00$

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