item 8 Adoption of a Resolution confirming the Garden Grove Tourism Improvement District Advisory Board Annual Report and levying the assessment for Fiscal Year 2024-2025. (Action Item)

Garden Grove City Council
May 28, 2024

Document: item 8 Adoption of a Resolution confirming the Garden Grove Tourism Improvement District Advisory Board Annual Report and levying the assessment for Fiscal Year 2024-2025. (Action Item)
Meeting: May 28, 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% 861,000.00$

Garden Grove City CouncilMay 28, 2024

Garden Grove City Council
May 28, 2024