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$ 2,000 = pro -rated initial formation cost credits ($30,000 /15 yrs) $ 1,000 = pro -rated initial volunteer cost credits (50% of formation costs) $12,150 = annual Board/Committee volunteer cost credits (20% of admin budget) $ 374,053 = Total Year 1 CBD costs /credits The Year 1 projected assessment revenue budget allocation is as follows: Program or Percent of Budget Estimated Program Cost Allocation Service 65% Sidewalk Operations, $ 234,175 Beautification and Order Benefit Zone I=$ 153,666 Benefit Zone 2 = $ 80,511 District Identity and Streetscape 14% $ 50,000 Improvements Enhanced Residential 0% $ 0 Improvements Program Management, Corporate 17% $ 60,750 Operations Contingency 4% $ 14,128 Total First Year Budget 100% $359,053 Step 6• Separate General Benefits from Special Benefits and Related Costs (Prop 218) All benefits derived from the assessments outlined in the Management District Plan are for supplemental services, programs and improvements directly benefiting the properties within this area. All CBD funded activities are provided solely to properties within the Downtown San Leandro CBD. All services will be delivered only within the boundaries and designed only for the direct special benefit of the assessed properties in the CBD. No services will be provided to non - assessed parcels outside the CBD boundaries. Total program and activity costs are estimated at $374,053. General benefits are factored at 3% of total (see Finding 2 in this report) with special benefits set at 97 %. Proposition 218 limits the levy of property assessments to costs attributed to special benefits only. The 3% general benefit cost is computed to be $11,222 with a resultant 97% special benefit limit computed at $362,831. This is the maximum amount of revenue that can be derived from property assessments from the subiect district in the first year. This maximum may increase on an annual basis in subsequent years (years 2 through 15) to adjust for inflation by 5% as described in the Management District Plan. The total amount of revenue proposed to be derived from district assessments is $359,053 for Year 1, which does not exceed the special benefit limit of $362,831. Therefore, no Proposition 218 adjustments need to be made to the proposed assessment formula. Remaining costs which are attributed to general benefits will need to be funded from other sources. (e.g. public /private matching grants, startup grants, in -kind service contributions for district formation, startup volunteer credits or ongoing board member volunteer credits). 15