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SECTION V
<br />RECURRING AND ONE-TIME FISCAL
<br />t(I BENEFITS TO THE CITY GENERAL
<br />1.11-Ai Pi117-T')TA - FUND
<br />V RECURRING AND ONE-TIME FISCAL BENEFITS TO THE CITY GENERAL
<br />FUND
<br />A Recurring Annual Fiscal Surplus to City General Fund
<br />As listed in Table 2, at build -out, the Project is anticipated to generate recurring fiscal net
<br />revenues to the City's General Fund of $3,394,248 per year (in 2023$). This is based on
<br />annual recurring revenues of $11,691,114 and annual recurring expenditures of
<br />$8,296,866 per year. The calculations supporting this projected annual fiscal surplus are
<br />contained in DTA's memorandum ("memo") dated June 2, 2023, entitled "Fiscal Impacts
<br />Resulting from the Proposed Related Bristol Specific Plan," which is included herein by
<br />reference.
<br />Table 2: Net Annual Recurring Fiscal Impacts of the Project
<br />.. r4 r4W.
<br />Secured Property Tax
<br />$3,856,860
<br />Property Transfer Tax
<br />$76,707
<br />Property Tax In Lieu of Vehicle License Fee
<br />$2,359,024
<br />Direct Sales Tax
<br />$1,521,111
<br />Indirect Sales Tax
<br />$504,963
<br />Transient Occupancy Tax
<br />$1,899,095
<br />Utility User's Tax
<br />$697,867
<br />Business Licenses
<br />$142,507
<br />Franchise Fees
<br />$223,081
<br />Charges for Services
<br />$204,276
<br />Licenses and Permits
<br />$36,899
<br />Fines and Forfeitures
<br />$111,141
<br />Adult -Use Retail Business Cannabis Tax
<br />$45,503
<br />Medical Marijuana Taxes
<br />$2,040
<br />Intergovernmental
<br />$0
<br />Miscellaneous
<br />$0
<br />Investment Income
<br />$10,041
<br />Total Recurring Revenues
<br />$11,691,114
<br />Police Department
<br />$3,522,628
<br />Fire Department
<br />$1,331,278
<br />Public Works
<br />$1,162,236
<br />Park, Recreation b Community Services
<br />$276,301
<br />Community Development
<br />$161,700
<br />Library £r Museum
<br />$187,689
<br />General Government
<br />$1,655,034
<br />Total Recurring Expenditures
<br />$8,296,866
<br />Total Annual Recurring Surplus/(Deficit)
<br />$3,394,248
<br />Total Annual Revenue/Expenditure Ratio
<br />1.41
<br />Related Bristol at 3600 South Bristol Street
<br />Community Benefits Analysis Report
<br />Exhibit 10
<br />September 27, 2023
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