Engineer's Report
Downtown Assessment District Harris & Associates
City of Garden Grove
Fiscal Year 2025-26
PART III - COST ESTIMATE
The City's budget for the operation, maintenance and servicing of lighting details the estimated costs for Fiscal Year 2025-26 as available at the time of preparation of this Report, and includes engineering fees, legal fees, printing, mailing, postage, publishing, and all other related costs identified with the District proceedings.
Proposed Proposed
Fiscal Year Fiscal Year
2024-25 2025-26*
Starting Fund Balance (Fund Balance as of July 1) $60,800 $67,300 Estimated Revenues
Total Estimated Assessments: $26,700 $26,700
Interest $500 $500
Subtotal Revenues: $27,200 $27,200
Estimated Expenditures
Trash Pick Up $0 $0
General Maintenance $20,500 $20,500
Street Lighting $3,000 $3,000
Street Improvements $10,609 $10,609
Main Street Seasonal Banners $3,183 $3,183
Streetscape Cleaning $6,790 $6,790
Professional Services $3,500 $3,500
Administrative Support $0 $0
Insurance $0 $o
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Subtotal Expenditures: $47,582 $47,582
Estimated Year End Fund Balance $40,418 $46,918
Fund Balance Detail
Operating Reserve (50% of 0&M) $23,791
Capital Replacement Reserve $23,127
Assessment Detail
Total Front Feet (FF) in Assessment District: 1,340.45 1,340.45 Assessment Rate ($/FF): $19.92 $19.92
* Fund balance adjusted after a District review
The 1972 Act requires that a special fund be set-up for the revenues and expenditures of the District. The 1972 Act also has provisions for establishing a separate reserve to fund capital improvements as part of the assessment. Funds raised by assessment shall be used only for the purpose as stated herein. A contribution to the District by the City may be made to reduce assessments, as the City Council deems appropriate. Any balance or deficit remaining on July 1 must be carried over to the next fiscal year. 3