Otay Mesa Enhanced Infrastructure Financing District FY 2025 Proposed Budget Summary

The Otay Mesa Enhanced Infrastructure Financing District is presenting its FY 2025 proposed budget, which includes revenue and expenditure details, funding for various projects such as Hidden Trails Neighborhood Park and Dennery Ranch Neighborhood Park, as well as operating and capital expenses. The budget proposal aims to address the infrastructure and development needs within the district.

• Otay Mesa
• Infrastructure Financing
• Proposed Budget
• Fiscal Year
• District Funding

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1. Otay Mesa Enhanced Infrastructure Financing District Fiscal Year 2025 Otay Mesa EIFD Proposed Budget February 22, 2024 Public Financing Authority Meeting Item #5

2. Otay Mesa Enhanced Infrastructure Financing District FY 2024 Year-End Projection FY 2024 Adopted Budget FY 2024 Year-End Projections Category Variance Revenue $7,214,435 $7,220,037 $5,602 Operating Expense $185,010 $208,935 $23,925 Capital Expense $6,079,425 $6,079,425 $0 2

3. Otay Mesa Enhanced Infrastructure Financing District FY 2025 Proposed Budget Summary Revenue FY 2024 Adopted Budget FY 2025 Variance Proposed Budget Tax Increment Carryforward Total $5,567,860 $1,646,575 $7,214,435 $7,022,373 $855,602 $7,877,975 $1,454,513 $790,973 $663,540 Expenditure FY 2024 Adopted Budget $185,010 FY 2025 Variance Proposed Budget Operating Operating Contingency for Debt Service Capital Projects $159,810 $25,200 $950,000 $0 $950,000 $6,079,425 $7,718,165 $1,638,740 Total $7,214,435 $7,877,975 $663,540 3

4. Otay Mesa Enhanced Infrastructure Financing District District Funding for CIP CIP within the District is continuously monitored for changes in funding needs FY25 Proposed Projects Hidden Trails Neighborhood Park (S-00995) $850,000 Dennery Ranch Neighborhood Park (RD22001) - $4,368,165 Fire Station #49 (S-00784) - $1,500,000 Siempre Viva Road Improvement (P-19006) - $500,000 Airway Road Improvements (P-19007) - $500,000 4

5. Otay Mesa Enhanced Infrastructure Financing District FY 2025 Proposed Operating and CIP Budget Airway Road $500,000 6.3% Contractual Services & Other $83,110 1.1% City Staff Services $76,700 1.0% Hidden Trails NP $850,000 10.8% Siempre Viva Road $500,000 6.3% Fire Station #49 $1,500,000 19.0% Total $7,877,975 Dennery Ranch NP $4,368,165 55.4% 5

6. Otay Mesa Enhanced Infrastructure Financing District Requested Actions Approve, via resolution, the FY 2025 proposed budget 6