J u ly 1, 20 24 – J u ne 30 , 20 25
La g u na Be a c h Tou rism Ma rke t ing Dist ric t
2024/ 25 Annu a l Re p ort
Submitted to the City of Laguna Beach pursuant to Streets and Highways Code section 36650, for the period from July 1, 2024 through June 30, 2025
Attachment 1
6 Conte nts
Bound a rie s ............................................................................ 3 2024–2025 Acc om p lishm e nts ............................................ 4 Im p rove m e nts a nd Activitie s FY 2024/ 2025 .................. 12 Cost ....................................................................................... 16 FY 24/25 Projections ................................................................................................................... 16 FY 23/24 Actuals............................................................................................................................ 17 Asse ssm e nt ......................................................................... 18 Assessment....................................................................................................................................... 18 Penalties and Interest................................................................................................................. 18 Surp lus a nd Othe r Fund ing ............................................... 21 Surplus................................................................................................................................................ 21 Other Funding................................................................................................................................. 21 June 11, 2026
Prepared by
Civitas
(916) 437-4300
civitasadvisors.com
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2024/25 Annual Re port 3
Bound a rie s
There are no proposed changes to the Laguna Beach Tourism Marketing District (LBTMD) boundaries.
The LBTMD will continue to include all lodging businesses, existing and in the future, available for public occupancy within the boundaries of the City of Laguna Beach. 8 Laguna Be ach Tourism Marke ting District
2024/25 Annual Re port 4
2024–2025 Acc om p lishm e nts
Accomplishments
Stewardship
Leave No Trace: Visit Laguna Beach officially launched their partnership with the Leave No Trace Center for Outdoor Ethics in April of 2023 to develop a comprehensive stewardship initiative that protects Laguna Beach’s natural resources by educating and empowering visitors, residents, and a network of local partners. We developed 6 principles and launched them with a social media campaign as well as partnering with Zinc media in an international sustainability documentary series featuring our Leave No Trace efforts. Visit Laguna Beach has also partnered with Surfrider Foundation in hosting quarterly Beach Cleanups.
Visit California Regional Strategic Plan: Visit California received a grant to create strategic plans for each of our 12 regions, Orange County being one of them. The JLL regional planning team started researching destinations a few months ago and had conversations with all of us as they were forming their committees. Laguna Beach was selected to sit on the committee for Orange County.
Community & Partner Relations
Production and Distribution of Economic Dashboard: Visit Laguna Beach produces a dashboard that is distributed to the community every other Monday. It provides both an executive summary and detailed insights that showcase Laguna Beach assessed hotel performance, county and state unemployment rates, John Wayne Airport passenger data and cancellation information, county and state dining data, competitive destination comparisons, inflation and gasoline pricing updates, and more.
Pacific Marine Mammal Center Partnership: Visit Laguna Beach has opened its visitors center doors to the Pacific Marine Mammal Center to have their gift shop while they undergo renovations to their Laguna Canyon location. This partnership is ongoing into the next year and as long as PMMC needs the space.
Destination Training: Visit Laguna Beach brought back the reimagined destination training, which offers customer-facing employees and hotel concierges a full day of Laguna Beach immersion and training. We completed three destination trainings last year and have three planned for the following year.
Monthly Newsletter: Visit Laguna Beach designed and developed a monthly newsletter to be sent out with the latest Laguna Beach happenings and local business features.
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Visitors Map: Visit Laguna Beach partnered with the City of Laguna Beach on developing one visitors map to be used on the Trolley’s, Hotels, and distributed at the Visitors Center.
Laguna Beach Arts Alliance: Visit Laguna Beach partnered with the Laguna Beach Arts Alliance to support and promote the Art Star Awards, recognizing local artists and creative excellence in the community.
KXFM Community Radio: Visit Laguna Beach partnered with KXFM to support the Laguna Achievement Awards, celebrating community impact and local leadership.
Marketing Programs
Website Redesign: Visit Laguna Beach selected Madden Media to design their new website. The destination website is the primary marketing tool for the organization and was last refreshed in 2017. The organization will keep its current Customer Relationship Management (CRM) system, however; will have a new Content Management System (CMS) built as part of the website redesign which launched in February 2024.
Storytelling Campaign: Visit Laguna Beach selected Schiefer Chop Shop for their new campaign From Radical Origins. The series is a seven-series podcast and documentary that identified Laguna Beach original stories that make this town so unique and special. The series trailer launched at The Coast Film Festival in November 2023.
Investment in Meetings: Group business is ramping up and Visit Laguna Beach has partnered with the California DMO alliance to target meeting planners looking to book their conferences and events in California. Visit Laguna Beach attended multiple group business-focused sales missions and conferences, and was given the opportunity to connect with meeting planners one on one.
Search Engine Optimization, Paid Search, Paid Social and Analytics & Conversion Optimization: Visit Laguna Beach has contracted with Madden Media to develop strategies that resonate with its audience when, where, and how they want, tracking and sharing results the whole time to ensure effective search strategies.
Additionally, through a strong focus on analytics, Visit Laguna Beach can determine when and where its message needs to be heard, and then adapt as necessary with real-time analytics. And lastly, through website analytics, reporting, and conversion rate optimization, they can identify what’s working, what can be improved, and exactly what its investment is doing, altering as necessary to maximize its return on investment.
Travel Trade: Visit Laguna Beach is increasing its visibility in the luxury segment for Travel Trade. This year, we partnered with Visit California to host multiple international FAMS, bringing luxury travel advisors to our destination. We plan on hosting additional and more robust FAMS and Media Missions in the next year. 10 Laguna Be ach Tourism Marke ting District
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Research
Continued Investment in Data/Research to drive marketing strategies:
Symphony by Tourism Economics is a visitation intelligence platform that empowers clients with new insights and measurement tools to help make more informed business decisions and drive marketing strategies. A TripAdvisor Partnership allows them to understand what visitors are saying about Laguna Beach online so they can better focus their efforts and get ahead of conversations.
Awards
The Telly Awards
2024
Visit Laguna Beach
“From Radical Origins” – Branded Content (Travel & Tourism, Culture & Lifestyle) The Telly Awards
2024
Visit Laguna Beach
“All in a Day” – Social Video (Travel & Tourism)
AVA Digital Awards
2024 Platinum Winner
Visit Laguna Beach
“From Radical Origins” – Content Marketing / Podcast Series AVA Digital Awards
2024 Platinum Winner
Visit Laguna Beach
“From Radical Origins” – Long Form Video Documentary
ESTO Awards
2024 Finalist
Visit Laguna Beach
“From Radical Origins” (Video or Film Series)
Hermes Creative Awards
2024 Gold Winner
Visit Laguna Beach
“All in a Day”
Viddy Awards
2024 Platinum Winner
Visit Laguna Beach
“From Radical Origins” – Integrated Marketing Campaign / Video Series / Short Form Video
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American Advertising Awards (AAF)
2024 Gold Addy
Visit Laguna Beach
“From Radical Origins” – Online/Interactive: Branded Content & Entertainment Schiefer Chopshop
American Advertising Awards (AAF)
2024 Silver Addy
Visit Laguna Beach
“From Radical Origins” – Online/Interactive: Film, Video & Sound (Single Ad Over :60)
Schiefer Chopshop
American Advertising Awards (AAF)
2024 Judges Choice
Visit Laguna Beach
“From Radical Origins” – Online/Interactive: Microsites Schiefer Chopshop
American Advertising Awards (AAF)
2024 Gold Addy
Visit Laguna Beach
“From Radical Origins” – Online/Interactive: Microsites Schiefer Chopshop
The Webby Awards
2024–2025
Visit Laguna Beach
Campaign work aligned with leading global standards for digital excellence across web, video, and social
Digiday Awards
2024–2025
Visit Laguna Beach
Campaign work reflecting innovation and excellence in digital marketing and media Seattle International Film Festival
2024–2025
Visit Laguna Beach
Film content showcased as part of an internationally recognized film festival 12 Laguna Be ach Tourism Marke ting District
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The Ranch at Laguna Beach
Smart Meetings
2024
The Ranch at Laguna Beach
Best Eco Hotel
Surfrider Foundation
2024
The Ranch at Laguna Beach
First Ocean Friendly Hotel in California
Visit California Poppy Awards
2024 Finalist
The Ranch at Laguna Beach
Sustainability
Travel + Leisure World’s Best Awards
2024
The Ranch at Laguna Beach
Top 15 Resorts in California
Travel + Leisure World’s Best Awards
2024
The Ranch at Laguna Beach
Top 500 Hotels in the World
Condé Nast Traveler Readers’ Choice Awards
2024
The Ranch at Laguna Beach
Top 15 Resorts in Southern California
U.S. News & World Report
2024
The Ranch at Laguna Beach
#2 Best Resort in Laguna Beach
U.S. News & World Report
2024
The Ranch at Laguna Beach
#24 Best Resort in California
U.S. News & World Report
2024
The Ranch at Laguna Beach
#122 Best Resort in the United States
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Boutique Lifestyle Leaders Association (BLLA)
2024
The Ranch at Laguna Beach
Best Boutique Hotel Over 50 Rooms
GEO Certified
2024
The Ranch at Laguna Beach
Certified Golf Course
Montage Laguna Beach
Travel + Leisure 500
2024
Montage Laguna Beach
Top 500 Hotels in the World
U.S. News & World Report
2024
Montage Laguna Beach
#1 Best Hotel & Resort in California
U.S. News & World Report
2024
Montage Laguna Beach
#1 Best Hotel & Resort in Laguna Beach
U.S. News & World Report
2024
Montage Laguna Beach
#2 Best Resort in the United States
U.S. News & World Report
2024
Montage Laguna Beach
#5 Best Hotel in the United States
Tripadvisor Travelers’ Choice Best of the Best
2023–2024
Montage Laguna Beach
Top Luxury Hotels in the U.S. / Top 10 Hotels in the U.S.
AAA Five Diamond Award
2013–2024
Montage Laguna Beach
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Condé Nast Traveler
2020–2024
Montage Laguna Beach
Top 15 Resorts in Southern California
MICHELIN Guide
2024
Montage Laguna Beach
Two Keys
Orange County Register
2024
Montage Laguna Beach
Best O.C. Resort
Elite Traveler
2024
Montage Laguna Beach
Top 50 Family Suites in the World
WhereverFamily
2024
Montage Laguna Beach
Family Innovator of the Year
Smart Meetings
2024
Montage Laguna Beach
Best Executive Retreat
OpenTable
2024
The Loft at Montage Laguna Beach
Diners’ Choice Award
Forbes Travel Guide
2006–2026
Spa Montage Laguna Beach
Five-Star Rating
Forbes Travel Guide / ISPA
2024
Spa Montage Laguna Beach
Innovate Award – The Five Senses
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Laguna Surf Lodge (SCP Hotels)
Sunset Magazine
2024
Laguna Surf Lodge by SCP Hotels
Top Coastal Resort in the West
Hotel Laguna
Laguna Beach Favorites
2024
Hotel Laguna
Featured – Larsen at Hotel Laguna
Surf & Sand Laguna Beach
AAA
2024
Surf & Sand Laguna Beach
Four Diamond Award
Preferred Hotels & Resorts
2024
Surf & Sand Laguna Beach
L.V.X. Collection Member
Historic Hotels of America
2024
Surf & Sand Laguna Beach
Awards of Excellence Nominee
WeddingWire
2024
Surf & Sand Laguna Beach
Couples’ Choice Award
Condé Nast Traveler
2024
Surf & Sand Laguna Beach
Readers’ Choice Awards Honoree
U.S. News & World Report
2024
Surf & Sand Laguna Beach
Best Hotels in Laguna Beach
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Im p rove m e nts a nd Activitie s FY 2024/ 2025
The improvements and activities to be provided for FY 2024/2025 are consistent with the Management District Plan and continue to be executed by the district’s owners’ association, Visit Laguna Beach (“VLB”). There are no proposed changes.
Sales, Marketing, and Communications
The program will continue to have the goal of increasing overnight visitation and room night sales at assessed lodging businesses, and may include the following activities:
• Digital marketing efforts to increase awareness and optimize internet presence to drive overnight visitation and room sales to assessed lodging businesses;
• Print ads in magazines and newspapers, television ads, and radio ads targeted at potential visitors to drive overnight visitation and room sales to assessed lodging businesses;
• Social media efforts and content partnerships to drive overnight visitation; • Attendance of trade shows and travel trade events to promote assessed lodging businesses;
• Sales blitzes for assessed lodging businesses;
• Familiarization and media tours of assessed lodging businesses; • Preparation and production of collateral promotional materials such as brochures, flyers and maps featuring assessed lodging businesses; • Photo shoots and video production to best highlight assessed lodging businesses;
• Attendance of professional industry conferences and affiliation events to promote assessed lodging businesses;
• Lead generation activities designed to attract tourists and group events to assessed lodging businesses;
• Public relations efforts and outreach to promote assessed lodging establishments and promote new product offerings to generate media coverage;
• Marketing meetings to plan and coordinate tourism promotion efforts for assessed lodging businesses;
• Attendance at local and area networking events in order to continue to build relationships and underscore the importance of VLB.
• Collaborations with regional tourism association and area destination marketing organizations to leverage costs on an extended reach to promote lodging businesses;
• Education of hospitality staff on service and safety designed to create a visitor experience that will bring repeat visits to assessed lodging businesses; • Education of lodging business management and the owners’ association on marketing strategies best suited to meet assessed lodging businesses’ needs; and
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• The ability to hold a percentage of funding in a reserve fund. Policies relating to contributions to the reserve fund, the target amount of the reserve fund, and expenditure of monies from the reserve fund shall be set by the Owners’ Association. The Owners’ Association shall report annually on the need for a reserve fund and its intent to carry over the reserve fund in future years.
Arts Commission Programs
The Arts Commission programs will continue to facilitate the destinations cultural programming, such as public art, literary art, and live performance events. Arts Commission programs may include:
• Banner and palette competitions;
• City Hall exhibitions;
• Cultural Arts Facilities and Publications;
• Research and Marketing;
• Performing Arts Programs;
• Professional Speakers;
• Restoration of Public Art;
• Rotating Sculpture Program
• Operation of the Arts Commission Programs; and
• The ability to hold a percentage of funding in a reserve fund. Policies relating to contributions to the reserve fund, the target amount of the reserve fund, and expenditure of monies from the reserve fund shall be set by the Arts Commission. The Arts Commission shall report annually on the need for a reserve fund and its intent to carry over the reserve fund in future years.
Laguna College of Art and Design
The Laguna College of Art and Design (LCAD) category will continue to provide funding to facilitate different services and activities within the greater LCAD program.
This program category aims to support outreach and admissions services and LCAD gallery enhancement and operations. Laguna College of Arts + Design programs may include:
• Gallery exhibitions that drive overnight visitation and room night sales to assessed lodging businesses;
• Educational programs and workshops that drive overnight visitation and room night sales to assessed lodging businesses;
• Operations of the Laguna College of Art and Design Program; and • The ability to hold a percentage of funding in a reserve fund. Policies relating to contributions to the reserve fund, the target amount of the reserve fund, and expenditure of monies from the reserve fund shall be set by the Laguna College of Art and Design. The Laguna College of Art and Design shall report annually on the need for a reserve fund and its intent to carry over the reserve fund in future years.
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Laguna Playhouse
The Laguna Playhouse is a regionally established historic Equity theatre that puts on a variety of theatrical performances. The organization will continue to aim to create experiences that enhance and invigorate cultural and social interaction. Laguna Playhouse programs may include:
• Promotions and Marketing of the Laguna Playhouse performances and events to drive overnight visitation and room night sales to assessed lodging businesses;
• Promotion of a Player’s Club Card Program which offers patrons of the Laguna Playhouse promotions to assessed lodging businesses;
• Operations of the Laguna Playhouse; and
• The ability to hold a percentage of funding in a reserve fund. Policies relating to contributions to the reserve fund, the target amount of the reserve fund, and expenditure of monies from the reserve fund shall be set by the Laguna Playhouse. The Laguna Playhouse shall report annually on the need for a reserve fund and its intent to carry over the reserve fund in future years.
Laguna Art Museum
The Laguna Art Museum will continue to aim to promote Laguna Beach as a premier destination for art and culture enthusiasts. Through its permanent collection, its special loan exhibitions, its educational programs, and its library and archive, the museum enhances the public’s knowledge and appreciation of California art. The Laguna Art Museum programs may include:
• Exhibitions to drive overnight visitation and room sales to assessed lodging businesses;
• Promotions and Marketing of the Laguna Art Museum to attract overnight visitation to assessed businesses;
• Operations of the Laguna Art Museum; and
• The ability to hold a percentage of funding in a reserve fund. Policies relating to contributions to the reserve fund, the target amount of the reserve fund, and expenditure of monies from the reserve fund shall be set by the Laguna Art Museum. The Laguna Art Museum shall report annually on the need for a reserve fund and its intent to carry over the reserve fund in future years.
Cultural Arts Funding Grants Program
The Cultural Arts Funding Grants program will continue to provide funds for different art and culture-related events and exhibits. The Cultural Arts Funding Grants program may include:
• Grants for organizations wishing to enhance the art and cultural environment of Laguna Beach, which drive overnight visitation and room night sales to assessed lodging businesses;
• Cultural Art Events, Exhibits, and Festivals to drive overnight visitation and room sales to assessed lodging businesses;
• Promotion and Marketing of Cultural Art Events to attract overnight visitation to assessed businesses;
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• Operations of the Cultural Arts Funding Grants Program; and • The ability to hold a percentage of funding in a reserve fund. Policies relating to contributions to the reserve fund, the target amount of the reserve fund, and expenditure of monies from the reserve fund shall be set by the City of Laguna Beach. The City of Laguna Beach shall report annually on the need for a reserve fund and its intent to carry over the reserve fund in future years.
Administration and Operations
The administration and operations portion of the budget shall continue to be utilized for administrative staffing costs, office costs, advocacy, and other general administrative costs such as insurance, legal, and accounting fees. 20 Laguna Be ach Tourism Marke ting District
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Cost
FY 24/25 Projections
The cost of providing improvements and activities for FY 24/25 is consistent with the Management District Plan. The anticipated total budget for FY 24/25 is $3,198,000 in anticipated collections and $501,925 in carryover from the previous years, for a total estimated assessment budget of $3,699,925. The categorical breakdown is below. All budget category allocations are within the authorized fifteen percent (15%) adjustment of the total budget from the prior year.
The Sales, Marketing & Communications, and Administration and Operations budgets will be implemented and utilized by Visit Laguna Beach.
Category % FY 24/25
Budgeted $
FY 23/24
Carry Over
FY 24/25
Expense Budget
Sales, Marketing &
Communications
35% $1,119,300 $427,598 $1,546,898
Administration and Operations 15% $479,700 $60,458 $540,158 Arts Commission Program 10% $319,800 $13,869 $333,669
Laguna College of Art & Design 10% $319,800 – $319,800
Laguna Playhouse 10% $319,800 – $319,800
Laguna Art Museum 10% $319,800 – $319,800
Cultural Arts Funding Grants 10% $319,800 – $319,800
Totals 100% $3,198,000 $501,925 $3,699,925
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FY 23/24 Actuals
The projected FY 23/24 assessment collections were $3,255,000. The FY 23/24 actual assessment collections were slightly lower than anticipated at $2,819,540.
Budgeted and actual expenses are shown below.
Category FY 23/24 Budgeted FY 23/24 Actuals
% $ $ Collected $ Spent $ Carryover*
Sales, Marketing &
Communications 35% $1,139,250 $986,839 $1,339,563 $427,598 Administration and
Operations 15% $488,250 $422,931 $499,370 $60,458
Arts Commission
Program 10% $325,500 $281,954 $281,954 $13,869
Laguna College of Art
and Design 10% $325,500 $281,954 $281,954 –
Laguna Playhouse 10% $325,500 $281,954 $281,954 –
Laguna Art Museum 10% $325,500 $281,954 $281,954 –
Cultural Arts Funding
Grants 10% $325,500 $281,954 $290,823 –
Totals 100% $3,255,000 $2,819,540 $3,257,572 $501,925
*Carryover amounts reflect unspent funds from prior fiscal years. 22 Laguna Be ach Tourism Marke ting District
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Asse ssm e nt There is no change in the method and basis of levying the assessment.
Assessment
The annual assessment rate is two percent (2%) of gross short-term room rental revenue. Based on the benefit received, assessments will not be collected on: stays of more than thirty (30) consecutive days; stays by any federal or state of California officer or employee when on official business; and stays by any officer or employee of a foreign government who is exempt by reason of express provision of federal law or international treaty.
The term “gross room rental revenue” as used herein means: the consideration charged, and received, for the occupancy of space in a lodging business valued in money, whether to be received in money, goods, labor or otherwise, including all receipts, cash, credits and property and services of any kind or nature, without any deduction therefrom whatsoever. Gross room rental revenue may have been, or may be, payable or paid prior to or following the occupancy to which it is attributable, and may have been paid in whole or in part in advance on a long-term basis such as in the purchase of a time-share unit or similar arrangement. Gross short-term room rental includes the purchase price of a time-share unit. Gross room rental revenue shall not include any federal, state or local taxes collected, including but not limited to transient occupancy taxes.
The assessment is levied upon and a direct obligation of the assessed lodging business. However, the assessed lodging business may, at its discretion, pass the assessment on to transients. The amount of assessment, if passed on to each transient, shall be disclosed in advance and separately stated from the amount of rent charged and any other applicable taxes, and each transient shall receive a receipt for payment from the business. If the LBTMD assessment is identified separately it shall be disclosed as the “LBTMD Assessment.” As an alternative, the disclosure may include the amount of the LBTMD assessment and the amount of the assessment imposed pursuant to the California Tourism Marketing Act, Government Code §13995 et seq. and shall be disclosed as the “Tourism Assessment.” The assessment is imposed solely upon, and is the sole obligation of the assessed lodging business even if it is passed on to transients. The assessment shall not be considered revenue for any purpose, including calculation of transient occupancy taxes.
Bonds shall not be issued.
Penalties and Interest
The LBTMD shall reimburse the City of Laguna Beach for any costs associated with collecting unpaid assessments. If sums in excess of the delinquent LBTMD assessment are sought to be recovered in the same collection action by the City, the LBTMD shall bear its pro rata share of such collection costs. Assessed businesses which are delinquent in paying the assessment shall be responsible for paying:
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1. Original Delinquency
Any lodging business who fails to remit any assessment within the time required shall pay a penalty of ten percent (10%) of the amount of the assessment in addition to the amount of the assessment.
2. Continued Delinquency
Any lodging business who fails to remit any delinquent remittance on or before a period of thirty (30) days following the date on which the remittance first became delinquent shall pay a second delinquency penalty of ten percent (10%) of the amount of the assessment in addition to the amount of the assessment and the ten percent (10%) penalty first imposed.
3. Fraud
If the City determines that the nonpayment of any remittance due under this chapter is due to fraud, a penalty of twenty-five percent (25%) of the amount of the assessment shall be added thereto in addition to the penalties stated in subsections (1) and (2) of this section.
4. Interest
In addition to the penalties imposed, any lodging business who fails to remit any assessment imposed by this chapter shall pay interest at the rate of one-half of one percent (0.50%) per month or fraction thereof on the amount of the assessment, exclusive of penalties, from the date on which the remittance first became delinquent until paid.
5. Penalties Merged with Assessment
Every penalty imposed and such interest as accrues under the provisions of this section shall become a part of the assessment herein required to be paid
6. Failure to Collect and Report Assessment
If any lodging business shall fail or refuse to collect said assessment and to make, within the time provided in this section, any report and remittance of the assessment or any portion thereof required by this section, the City shall proceed in such manner as they may deem best to obtain facts and information on which to base their estimate of the assessment due. As soon as the City shall procure such facts and information as they are able to obtain upon which to base the assessment of any assessment imposed by this section and payable by any lodging business who has failed or refused to collect the same and to make such report and remittance, they shall proceed to determine and assess against such lodging business the assessment, interest and penalties provided for by this section. In case such determination is made, the City shall give a notice of the amount so assessed by serving it personally or by depositing it in the United States mail, postage prepaid, addressed to the lodging business so assessed at their last known place of address. Such lodging business may within ten (10) days after the serving or mailing of such notice make application in writing to 24 Laguna Be ach Tourism Marke ting District
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the City for a hearing on the amount assessed. If application by the lodging business for a hearing is not made within the time prescribed, the assessment, interest and penalties, if any, determined by the City shall become final and conclusive and immediately due and payable. If such application is made, the City shall give not less than five (5) days’ written notice in the manner prescribed herein to the lodging business to show cause at a time and place fixed in said notice why the amount specified therein should be not be fixed for such assessment, interest and penalties.
At such hearing, the lodging business owner or representative may appear and offer evidence why such specified assessment, interest and penalties should not be so fixed.
After such hearing, the City shall determine the proper assessment to be remitted and shall thereafter give written notice to the person in the manner prescribed herein of such determination and the amount of such assessment, interest and penalties. The amount determined to be due shall be payable after fifteen (15) days unless an appeal is taken.
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Surp lus a nd Othe r Fund ing
Surplus
The estimated amount of surplus to be carried over from previous years is approximately $501,925.
Other Funding
The estimated amount of contributions to be made from sources other than LBTMD assessments is $9,353.37:
Interest Income: $9,296.98
Visitors Center Income: $56.39
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