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HomeMy WebLinkAboutAGENDA REPORT 2003 0604 CC REG ITEM 08BITEM 9 • B . of -aoe3 ACT Kc MOORPARK CITY COUNCIL�0 AGENDA REPORT TO: The Honorable City Council (74— FROM: Kenneth C. Gilbert, Director of Public Works DATE: May 23, 2003 (CC Meeting 6 -4 -03) SUBJECT: Consider Final Review and Changes to the Engineer's Report for Landscaping and Lighting Maintenance Assessment Districts, Adoption of a Resolution Confirming the Assessments for Fiscal Year 2003/2004 SUMMARY This presents for approval a Resolution [Ex. 1] making changes, if any, to the Engineer's Report for the City's Landscaping and Lighting Maintenance Assessment Districts and confirming the assessment and levy amounts for Fiscal Year 2003/04. BACKGROUND On February 19, 2003, the City Council adopted Resolution No. 2003 -2051 directing the preparation of an Engineer's Report for the City's Landscaping and Lighting Maintenance Assessment Districts for FY 03/04. On May 7, 2003, the City Council adopted Resolution No. 2003 -2080 approving that report and setting June 4, 2003, as the date of a public hearing to consider the approval of the assessment and levy amounts provided for in said report. DISCUSSION A. History In 1984, a Landscaping & Lighting Maintenance Assessment District (AD 84 -2) was created to fund costs associated with citywide street lighting and landscape maintenance. This was a successor to the District enacted by the County of Ventura prior to the incorporation of the City. In 2001, three (3) new Landscaping & Lighting Maintenance Assessment Districts (AD01- 1, AD01 -2 & AD01 -3) were formed at the request of the owner / developer of the affected properties. 000105 AD-03-04—approve Landscaping & Lighting Assessment Districts Confirm Assessments May 23, 2003 Page 2 B. Citywide Lighting & Landscaping Assessment District AD84 -2 provides for the levy of an assessment upon all of the parcels in the City, to fund street lighting energy and maintenance costs. There is also a separate assessment to fund maintenance and improvement costs for certain designated landscaped parkways and medians. C. Zones & Sub - Districts In addition, a number of Zones and Sub - Districts have been established to levy additional assessments upon the lots within those areas, to fund the maintenance and improvement of certain designated improvements within or adjacent to those areas. D. Annual Review As part of the annual budget process, the City Council considers whether or not to renew the subject Assessment Districts and levy assessments for the upcoming fiscal year. In preparation for that consideration, it is necessary to prepare an Engineer's Report setting forth certain relevant information pertaining to such an action. E. Improvements to be Maintained The improvements and maintenance funded by the Assessment Districts is generally described as follows: • Citywide District: a. Street Lighting: Street lighting energy and maintenance costs. b. Landscape Maintenance: The maintenance of certain designated parkways and medians. c. Zones: 1 Pecan Ave. [T -2851] 2 Steeple Hill Area [T -2865] * ** 3 Buttercreek /Peppermill [T -3032] 4 Williams Ranch Rd. [T -3274] 5 Pheasant Run Area [T -3019 & T -3525] * ** 6 Inglewood St. [T -3306] 7 Moorpark Business Park (L. A. Ave & Gabbert Rd.) 8 Home Acres Buffer 9 Moorpark Industrial Park (Condor Dr.) 10 Mountain Meadows (PC -3) * ** 11 Alyssas Ct. [T -4174] 12 Carlsberg Specific Plan Area 13 Unassigned d. Sub- Districts 14 Wilshire Builders [T -5201] 15 Toll Brothers [T -4928] 041-11 0 10 G AD-03-04—approve Landscaping & Lighting Assessment Districts Confirm Assessments May 23, 2003 Page 3 16 Cabrillo [T -5161] * ** * ** Landscape and Drainage Maintenance F. FY 2003/04 Assessment Amounts The assessment amounts proposed for FY03 /04, as set forth in the Engineer's Report, are summarized as follows: Total Per Lot Assessment Assessment Landscape Maintenance US &Drainage Maint. Description Amount ($) Number Amount ($) Number Amount ($) Citywide 20.84 Streeet Lighting 221,956.00 Landscaping 164,632.00 17.24 38 08 Sub -Total 386,588.00 1. Tract 2851 9,702.00 2. Tract 2865 Landscaping 72,439.00 Drainage 1,400.00 3. Tract 3032 4. Tract 3274 5. T 3019/3525 Landscaping Drainage 6. Tract 3306 7. NE L. A. Ave / Gabbert Rd 8. Buffer: City Buffer: Home Acres 9. Condor Drive 10. PC -3: L/S - Comm. Prop. L/S - Residential Drainage 11. Tract 4174 12. Carlsberg - Residential Com. / Ind. Institutional 13. Unassigned 14. Tract 5201 (Wilshire) 15. Tract 4928 (Toll): Res Golf Course [33 %] 16. T 5161 Landscaping Drainage / J,UJ.7.vv 3,079.00 6,383.00 23,340.00 500.00 23,840.00 924.00 11,298.00 7,669.00 7,574.00 1,356.00 7,216.06 187,063.98 7,251.96 201,532.00 3,040.00 227,301.94 11,318.84 5,307.87 243,928.65 1,249.00 322,107.06 165,933.94 488,041.00 13,531.00 7,940.00 21,470.00 Total 1,491,512.65 22 91.74 ac 498 201 49.44 ac 11.23 ac 1,775 9 536 73.72 ac 3.84 ac 10 216 42.00 123.15 ac 15.40 37.68 27.43 ac 642.57 ac 76.54 337.78 424.07 153.54 1,382.26 124.90 1,491.24 165,933.94 48 145.63 75 114.22 669 87.38 59 363.90 AD-03-04-approve 0 ly9107 75 129.36 574 116.46 265 11.62 129 49.48 142 107.56 22 91.74 ac 498 201 49.44 ac 11.23 ac 1,775 9 536 73.72 ac 3.84 ac 10 216 42.00 123.15 ac 15.40 37.68 27.43 ac 642.57 ac 76.54 337.78 424.07 153.54 1,382.26 124.90 1,491.24 165,933.94 48 145.63 75 114.22 669 87.38 59 363.90 AD-03-04-approve 0 ly9107 Landscaping & Lighting Assessment Districts Confirm Assessments May 23, 2003 Page 4 G. Method of Assessment The method used to establish the above assessment amounts is set forth in the Engineer's Report. This method (benefit spread formula, etc.) is unchanged from prior years. H. District 16 Petition Waiver In October of 2002, the City Council accepted and approved a Petition and Waiver from the owner(s) of the properties within District 16 [Cabrillo Economic Development Corporation] to increase the scope of the improvements and the assessment amounts for District 16. The approved changes to the assessment amounts are summarized as follows: These revised assessment amounts for District 16 are reflected in the assessment summary set forth in Section F of this report. I. Cost of Living Adjustment Pursuant to language set forth in the formation documents for Zone 12 and Districts 14, 15 and 16, the annual assessments for these Zones /Districts may be increased annually to cover cost - of- living increases. The assessment amounts set forth in Section F include these COLA Adjustments. The adjusted assessment amounts for the above mentioned Zones /Districts as set forth in the Engineer's Report and the attached Resolution, are summarized as follows: Prior Annual C.O.L.A. Revised Annual Assessment Change Assessment Description Amount [Incl. COLA] Amount Landscaping $2,919.63 $10,611.71 $13,531.34 Drainage $7,656.38 $283.29 $7,939.66 Total $10,576.01 $10,894.99 $21,471.00 Number of Lots 59 $148.06 59 Per Lot Assessment $179.25 12 - Institutional $363.92 These revised assessment amounts for District 16 are reflected in the assessment summary set forth in Section F of this report. I. Cost of Living Adjustment Pursuant to language set forth in the formation documents for Zone 12 and Districts 14, 15 and 16, the annual assessments for these Zones /Districts may be increased annually to cover cost - of- living increases. The assessment amounts set forth in Section F include these COLA Adjustments. The adjusted assessment amounts for the above mentioned Zones /Districts as set forth in the Engineer's Report and the attached Resolution, are summarized as follows: AD-03-04—approve 0 0 3110 8 FY 02/03 C.O.L.A. FY 03/04 Per Unit [Ac.] Adjustment Per Unit [Ac.] Total Assessment Amount Assessment FY 03/04 Zone /District Amount [3.7 %] Amount Assessment 12 - Residential $408.94 $15.13 $424.07 $227,301.94 12 - Commercial $148.06 $5.48 $153.54 $11,318.84 12 - Institutional $1,332.94 $49.32 $1,382.26 $5,307.87 $243,928.65 14 $120.48 $4.46 $124.94 $1,249.38 15 $1,452.56 $53.74 $1,506.30 $488,042.73 16 « « « « « « «< See Section H » » » » » » » » » » »> AD-03-04—approve 0 0 3110 8 Landscaping & Lighting Assessment Districts Confirm Assessments May 23, 2003 Page 5 J. Improvement Reserve Ceiling The Engineer's Report provides for a Capital Reserve Account for each Zone or District. Consistent with past City Council action, the Engineer's Report stipulates that the Capital Reserve Account for any Zone or District should not exceed an amount equal to three (3) times the annual operating budget for that Zone or District. Should the projected Year -End Fund Balance for any Zone /District exceed that "ceiling ", the amount of the assessment to be levied upon the affected properties shall be reduced to a lesser amount determined by the Assessment Engineer to be consistent with these guidelines. K. Decreased Levy Amounts Pursuant to the above policy, the amounts to be levied upon the parcels in certain Zones /Districts shall be less than the assessment amount set forth in Section F above. A summary of those adjustments is as follows: Zone/ Beginning District Balance 1 $22,573 11 $6,657 12 $451,247 Three Years Total Total Annual Assessment Levy Expenses Amount Amount $12,630 $9,702.00 $970.00 $2,460 $3,040.00 $304.00 $499,746 $243,928.65 $197,081.00 Remarks Ten Percent of Assessment Ten Percent of Assessment 81% of Assessment Note: The above recommended levy amounts are less than the approved assessment amounts set forth in Section F above. L. Assessment Amounts Unchanged Except as noted above, the assessment amounts set forth in the subject Engineer's Report are the same as the assessments approved last year. Any action to otherwise increase these assessments may not be taken without first seeking approval of such an increase via a mail ballot prepared and processed in accordance with the requirements of Proposition 218. M. Engineer's Report: Changes The Engineer's Report was distributed to the City Council prior to the May 7, 2003, City Council meeting. There are no changes proposed by staff, to be made to that Engineer's Report. 00.3109 AD-03-04—approve Landscaping & Lighting Assessment Districts Confirm Assessments May 23, 2003 Page 6 N. Fund Activit Attached as Exhibit 2 are charts showing fund activity for all Zones /Districts for FY01 /02 through FY03 /04. Page 4 of Exhibit 2 shows certain details with respect to the Reserve Fund Ceilings and the assessment vs. recommended levy amounts for FY03 /04. 0. Fund Deficits 1. Last Fiscal Year: For several years prior to FY 01/02, a few of the Assessment District Funds had been carrying a year- end deficit. It was noted by staff that the deficit for Citywide Street Lighting was growing. In June of 2002 the City Council approved certain fund transfers to correct this problem. In November 2002, action was taken to adjust those subsidies to the actual amounts necessary to "zero -out" the FY 01/02 year -end deficits. A summary of those actions is as follows: FY 02/03 From From Transfer to: Gas Tax General Fund Total Fund Fund 2605 Fund 1000 Transfer Amt. 2300 - Lighting $64,284.00 $0.00 $64,284.00 2304 - Zone 4 $18.00 $18.00 $36.00 2305 - Zone 5 [L/S1 $12,112.00 $12,112.00 $24,224.00 2307 - Zone 7 $1,614.00 $1,614.00 $3,228.00 2309 - Zone 9 $284.00 $284.00 $568.00 Total $78,312.00 $14,028.00 $92,340.00 2. FY 02103 Year -End Projection: As reflected on Page 2 of Exhibit 2, it is anticipated that certain Zones / Districts will again show a deficit at the end of FY 02/03. A summary of those anticipated deficits is as follows: FY02 /03 FY02 /03 Beginning Ending Fund Balance Revenue Expenses Balance 2300 - Lighting ($24,284.00) $241,416.00 $255,000.00 ($37,868.00) 2307 - Zone 7 ($129.00) $11,427.00 $13,000.00 ($1,702.00) 2309 - Zone 9 $433.00 $917.00 $2,100.00 ($750.00) Total ($23,980.00) $253,760.00 $270,100.00 ($40,320.00) 0('119i$0 AD-03-04—approve Landscaping & Lighting Assessment Districts Confirm Assessments May 23, 2003 Page 7 3. November 2003 Correction: The above summary is just an estimated projection. The exact amounts of the FY 02/03 year -end deficits for the Assessment District Funds, will not be known until the books are closed and audited. Accordingly, it is recommended below that staff be directed to bring to the City Council in November 2003, a Resolution approving certain appropriations to "zero -out" the actual amounts of those FY 02/03 year -end deficits. Using the funding approach utilized last year, and the estimated amounts noted above, that action would appear as follows: FY 02/03 From From Transfer to: Gas Tax General Fund Total Fund Fund 2605 Fund 1000 Transfer Amt. 2300 - Lighting $37,868.00 $0.00 $37,868.00 2307 - Zone 7 $851.00 $851.00 $1,702.00 2309 - Zone 9 $375.00 $375.00 $750.00 Total $39,094.00 $1,226.00 $40,320.00 4. FY 03104 Projection: As noted on Exhibit 2, page 3, it is anticipated that there will be year -end deficits for the Assessment District Funds again at the end of FY 03/04. An action in November 2004, similar to the one described above, is summarized as follows: FY 02/03 Transfer to: Fund 2300 - Lighting 2307 - Zone 7 2309 - Zone 9 Total P. Public Hearing From From Gas Tax General Fund Total Fund 2605 Fund 1000 Transfer Amt. $53,044.00 $0.00 $3,051.00 $3,051.00 $450.00 $450.00 $56,545.00 $3,501.00 Zg)3,U44.UU $6,102.00 $900.00 $60,046.00 The "Landscaping and Lighting Act of 1972" (Streets and Highways Code) requires a public hearing to be held prior to the annual levy of assessments for the purpose of receiving input and to hear any protests to the proposed assessments. Per Resolution No. 2003 -2080, the public hearing to consider the levy of the subject assessments for FY 2003/04 was set for June 4, 2003. A copy of that Resolution, which served as the public hearing notice, was published and posted in accordance with the requirements of law. AD-03-04—approve 00 9:111 Landscaping & Lighting Assessment Districts Confirm Assessments May 23, 2003 Page 8 STAFF RECOMMENDATION (Roll Call Vote It is the recommendation of staff that the City Council open the public hearing, receive testimony, close the public hearing, and then take the following actions: 1. Adopt Resolution No. 2003- (Exhibit 1) making certain changes to and confirming the assessments for Fiscal Year 2003/04. 2. Direct staff that, for certain Zones / Districts, the amount of the assessment to be levied upon the affected properties shall be a reduced amount as generally set forth in Section K of this report. 3. Direct staff to present to the City Council in November, 2003, a Resolution amending the FY 03/04 Budget to fund certain Fund transfers necessary to eliminate actual FY 02/03 year -end Fund deficits for the Assessment District Funds. Attachments: Exhibit 1: Exhibit 2: AD-03-04—approve Resolution Fund Activity Charts 0 01 fl) 11110-20 Exhibit 1 RESOLUTION NO. 2003- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, APPROVING ENGINEER'S REPORT, CONFIRMING DIAGRAM AND ASSESSMENT AND ORDERING LEVY OF ASSESSMENT FOR FISCAL YEAR 2003/04 FOR THE CITY OF MOORPARK LANDSCAPING AND LIGHTING MAINTENANCE ASSESSMENT DISTRICTS WHEREAS, by Resolution No. 2003 -2051, the City Council ordered the preparation of an Engineer's Report for the City's Landscaping and Lighting Maintenance Assessment Districts (the "Assessment Districts ") for fiscal year 2003- 04; and WHEREAS, pursuant to said Resolution, the Engineer's Report ( "Report ") was prepared by Shilts Consultants, Inc., Engineer of Work, in accordance with Section 22565, et. seq., of the Streets and Highways Code and Article XIIID of the California Constitution; and WHEREAS, by Resolution No. 2003 -2080 the City Council preliminarily approved the Engineer's Report for said Districts and set a date for a Public Hearing; and WHEREAS, said report was duly made and filed with the City Clerk and duly considered by this Council and found to be sufficient in every particular, whereupon it was determined that the report should stand as the Engineer's Report for all subsequent proceedings under and pursuant to the aforesaid resolution, and that June 4, 2003, at the hour of 6:30 p.m. in the Council Chambers, located at 799 Moorpark Avenue, Moorpark, California 93021, were appointed as the time and place for a hearing by this Council on the question of the levy of the proposed assessment, notice of which hearing was given as required by law; and WHEREAS, at the appointed time and place the hearing was duly and regularly held, and all persons interested and desiring to be heard were given an opportunity to be heard, and all matters and things pertaining to the levy were fully heard and considered by the Council, and all oral statements and all written protests or communications were duly heard, considered and overruled, and this council thereby acquired jurisdiction to order the levy and the confirmation of the diagram and assessment prepared by and made a part of the Engineer's Report to pay the costs and expenses thereof. 0 (313:11-3 Resolution No. 2003 - Page 2 NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The public interest, convenience and necessity require that the levy be made. SECTION 2. The Assessment Districts benefited by the improvements and assessed to pay the costs and expenses thereof, and the exterior boundaries thereof, are as shown by a map thereof filed in the office of the City Clerk, which map is made a part hereof by reference thereto. SECTION 3. The Engineer's Report as a whole and each part thereof, to wit: (a) the Engineer's estimate of the itemized and total costs and expenses of maintaining the improvements and of the incidental expenses in connection therewith; (b) the diagram showing the Assessment Districts, plans and specifications for the improvements to be maintained and the boundaries and dimensions of the respective lots and parcels of land within the Assessment Districts; and (c) the assessment of the total amount of the cost and expenses of the proposed maintenance of the improvements upon the several lots and parcels of land in the Assessment Districts in proportion to the estimated special benefits to be received by such lots and parcels, respectively, from the maintenance, and of the expenses incidental thereto; are finally approved and confirmed. SECTION 4. Final adoption and approval of the Engineer's Report as a whole, and of the plans and specifications, estimate of the costs and expenses, the diagram and the assessment, as contained in the report as hereinabove determined and ordered, is intended to and shall refer and apply to the report, or any portion thereof as amended, modified, or revised or corrected by, or pursuant to and in accordance with, any resolution or order, if any, heretofore duly adopted or made by this Council. SECTION 5. The assessment to pay the costs and expenses of the maintenance of the improvements for fiscal year 2003 -04 is hereby levied. For further particulars pursuant to the provisions of the Landscaping and Lighting Act of 1972, reference is hereby made to the Resolution Directing Preparation of Engineer's Report. Resolution No. 2003 - Page 3 SECTION 6. Based on the oral and documentary evidence, including the Engineer's Report, offered and received at the hearing, this Council expressly finds and determines (a) that each of the several lots and parcels of land will be specially benefited by the maintenance of the improvements at least in the amount if not more than the amount, of the assessment apportioned against the lots and parcels of land, respectively, and (b) that there is substantial evidence to support, and the weight of the evidence preponderates in favor of, the aforesaid finding and determination as to special benefits. SECTION 7. Immediately upon the adoption of this resolution, but in no event later than the third Monday in August following such adoption, the City Clerk shall file a certified copy of the diagram and assessment and a certified copy of this resolution with the Auditor of the County of Ventura. Upon such filing, the County Auditor shall enter on the County assessment roll opposite each lot or parcel of land the amount of assessment thereupon as shown in the assessment. The assessments shall be collected at the same time and in the same manner as County taxes are collected and all laws providing for the collection and enforcement of County taxes shall apply to the collection and enforcement of the assessments. After collection by the County, the net amount of the assessments, after deduction of any compensation due the County for collection, shall be paid to the City of Moorpark Landscaping and Lighting Maintenance Assessment Districts. SECTION 8. Upon receipt of the moneys representing assessments collected by the County, the County shall deposit the moneys in the City Treasury to the credit of the improvement funds previously established under the distinctive designation of the Assessment Districts. Moneys in the improvement funds shall be expended only for the maintenance, servicing, construction or installation of the improvements. SECTION 9. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. PASSED AND ADOPTED this 4" day of June, 2003. ATTEST: Patrick Hunter, Mayor Deborah S. Traffenstedt, City Clerk 0 0 9.11 L 5 Landscape / Lighting Assessment Districts Fund Activity: FY01 /02 Page 1 of 4 [File: adfunds_03_04] 4/21/2003 Exp. Total Available Less Ending Revenue Expenses Less Expenses Reserve Balance (24,284) Beginning Rev. 7901 173,616 105,904 Total Fund Description Balance Code Assmnt Misc Interest Revenue 256,766 2300 Lighting (11,076) 3100 216,766 > 40,000 7901 Landscaping 126,519 3102 144,347 8902 8,654 153,001 409,767 115,443 361,113 40,000 8,654 2301 Zone 1 9,499 3102 9,719 47,207 476 10,195 2302 Zone 2: US 67,540 3102 70,216 (2,678) 3,763 71,301 (1,999) Zone 2: Drains 3,381 3103 1,403 (35) 1,403 34,010 Zone 2: Improvements 33,472 3101 6,230 2,678 1,740 8,908 81,612 104,393 77,849 0 3,763 2303 Zone 3 1,724 3102 3,084 (1,088) 67 3,151 2304 Zone 4 (689) 3102 6,394 12,270 12 6,406 2305 Zone 5: US (13,596) 3102 23,382 > 30,000 7901 53,382 95,062 Zone 5: Drains 1,473 3103 501 24,017 (24,017) 501 53,883 (12,123) 23,883 30,000 0 2306 Zone 6 1,202 3102 925 0 175 1,100 2307 Zone 7 (260) 3102 11,318 > 3,100 24 14,442 2308 Zone 8 8,110 3102 15,270 427 373 15,643 2309 Zone 9 (7) 3102 1,352 > 1,000 4 2,356 2310 Zone 10: US 101,456 3102 194,624 7,500 5,248 199,872 Zone 10: Drains 18,052 3103 7,265 7,265 207,137 119,508 201,532 0 5,248 2311 Zone 11 4,874 3102 3,041 215 3,256 2312 Zone 12 165,339 3102 238,870 8,702 247,572 2313 Zone 13 5,752 3102 (4,517) 204 (4,313) 1,052,207 Sub -Total AD 84 -2 522,765 954,350 69,583 27,917 2314 AD01 -1 Wilshire Builder: (450) 3102 1,180 1,180 2315 AD01 -2 Toll Bros 1,259 3102 460,948 45 460,993 2316 AD01 -3 Cabrillo: US 1,412 3102 2,859 52 2,911 AD01 -3 Cabrillo: Drains 3103 7,500 7,500 10,411 1 1,412 10,359 0 52 Page 1 of 4 [File: adfunds_03_04] 4/21/2003 Exp. Total Available Less Ending Code Expenses Less Expenses Reserve Balance (24,284) 8901 269,974 (24,284) 7901 173,616 105,904 (105,904) 0 443,590 81,620 (105,904) (24,284) 7901 3,350 16,344 (16,344) 0 7901 55,415 83,426 (83,426) 0 8902 25 4,759 (4,759) 0 0 0 8019 47,207 (4,827) (4,827) 102,647 (4,827) 83,358 (88,185) 7901 2,876 1,999 (1,999) 0 7901 5,752 (35) (35) 7901 34,010 5,776 (5,776) 0 8902 234 1,740 (1,740) 0 7,516 (7,516) 0 34,244 7901 1,214 1,088 (1,088) 0 7901 14,311 (129) (129) 7901 12,270 11,483 (11,483) 0 7901 1,916 433 (433) 0 7901 206,266 95,062 (95,062) 0 8902 1,300 24,017 (24,017) 0 119,079 (119,079) 0 207,566 7901 1,118 7,012 (7,012) 0 7901 101,722 311,189 (311,189) 0 7901 1,439 0 0 640,957 (670,232) (29,275) 934,015 7901 427 303 (303) 0 7901 0 462,252 (462,252) 0 7901 0 4,323 (4,323) 0 8902 0 7,500 (7,500) 0 0 11,823 (11,823) 0 Total I 524,986 I 1,426,837 69,583 28,014 I 1,524,791 I 934,442 I 1,115,335 (1,144,610) I (29,275) > Transfer June 2002 Landscape /Lighting Assessment Districts Fund Activity: FY02 /03 Page 2 of 4 (File: adfunds_03_041 4/21/2003 11 -Rev. Revenue Total Exp. Total Available Less Ending Fund Description Beginning Balance Code Assmnt Misc Interest Revenue Code Expenses Less Expenses Reserve Balance (37,868) (37,868) 2300 Lighting (24,284) 3100 217,132 > 24,284 241,416 8901 255,000 7,315 0 Improvements Landscaping 7,315 98,589 3102 159,803 1,000 160,803 8033 7901 125,000 134,392 (134,392) (37,8680) 81,620 376,935 24,284 1,000 402,219 380,000 103,839 (134,392) 2301 Zone 1 16,344 3102 9,702 527 10,229 7901 4,000 22,573 (22,573) 2302 Zone 2: US 83,426 3102 66,209 A 1,403 2,249 69,861 7901 46,000 258 107,287 5,901 (107,287) (5,901) 0 0 Zone 2: Drains 4,759 3103 1,400 1,400 4,827 8902 8019 0 0 0 Zone 2: Improvements ( 4,827 ) 3101 6,230 A (1,403) 0 2,249 76,088 65,445 113,188 (113,188) 0 83,358 73,839 2303 Zone 3 1,999 3102 3,079 100 3,179 7901 7901 2,300 5,000 2,878 1,383 (2,878) (1,383) 0 0 2304 Zone 4 (35) 3102 6,383 > 35 6,418 2305 Zone 5: US 0 5,776 3102 23,340 > (5,776) 17,564 7901 3,100 272 2,240 1,968 1 (,240) (1,968) (1 0 0 Zone 5: Drains 1,740 3103 500 23,840 (5,776) 500 18,064 8902 3,372 22,208 (22,208) 0 0 7,516 2306 Zone 6 1,088 3102 924 161 1,085 11,427 7901 7901 1,200 13,000 973 (1,702) (973) 0 (1,702) 2307 Zone 7 (129) 3102 11,298 15,243 > 129 209 15,452 7901 11,000 15,935 (15,935) 0 2308 Zone 8 11,483 433 3102 3102 1,350 > (433) 917 7901 2,100 (750) (750) 2309 Zone 9 2310 Zone 10: US 95,062 3102 194,280 4,676 198,956 7901 8902 200,000 3,261 94,018 28,008 (94,018) (28,008) 0 0 Zone 10: Drains 24,017 3103 7,252 201,532 0 4,676 7,252 206,208 258,437 122,026 (122,026) 0 119,079 2311 Zone 11 7,012 3102 304 < 241 11,610 545 250,058 7901 7901 900 110,000 6,657 451,2470 (6,657) (451,247) 0 0 2312 Zone 12 311,189 3102 238,448 0 7901 0 2313 Zone 13 Sub -Total AD 84 -2 0 3102 962,877 18,239 20,773 1,001,889 856,754 860,455 (893,460) (40,320) 640,957 2314 AD01 -1 Wilshire Builder: 303 3102 1,180 1,180 476,332 7901 7901 0 0 1,483 938,584 (1,483) (938,584) 0 0 2315 AD01 -2 Toll Bros 462,252 3102 461,354 14,978 2316 AD01 -3 Cabrillo: US 4,323 3102 3,076 378 3,454 7901 8902 0 0 7,777 15,000 (7,777) (15,000) 0 0 AD01 -3 Cabrillo: Drains 7,500 3103 7,500 0 0 378 7,500 10,954 0 22,777 (22,777) 0 11,823 10,576 Total 1,115,335 1,435,987 18,239 36,129 1,490,355 856,754 1,823,299 (1,856,304) (40,320) Est Transfer pi A: Surplus to go to US > Transfer Nov 2002 Nov 2003 N < Levy Amount Less Than Assessment Amount 11 Landscape /Lighting Assessment Districts Fund Activity: FY03 /04 Total 1,823,299 1,433,197 40,320 53,732 Page 3 of 4 [File: adfunds_03_041 4121/2003 Total Exp. Total Available Less Revenue Ending Revenue Code Beginning Rev......._ Reserve Balance Fund Description Balance Code Assmnt Misc Interest 2300 Lighting (37,868) 3100 221,956 > 37,868 0 164,632 Improvements 7,315 106,024 (106,024) 0 424,456 Landscaping 134,392 3102 164,632 (53,044) 1,470 7901 103,839 19,833 386,588 37,868 0 2301 Zone 1 22,573 3102 970 < 500 2302 Zone 2: US 107,287 3102 72,439 3,000 0 Zone 2: Drains 5,901 3103 1,400 0 76,839 Zone 2: Improvements 0 3101 0 0 3,179 7901 113,188 3,607 73,839 0 3,000 2303 Zone 3 2,878 3102 3,079 100 2304 Zone 4 1,383 3102 6,383 0 2305 Zone 5: US 20,240 3102 23,340 0 23,840 Zone 5: Drains 1,968 3103 500 0 1,056 7901 22,208 709 23,840 0 0 2306 Zone 6 973 3102 924 132 2307 Zone 7 (1,702) 3102 11,298 > 1,702 0 2308 Zone 8 15,935 3102 15,243 100 2309 Zone 9 (750) 3102 1,356 > 750 0 2310 Zone 10: US 94,018 3102 194,280 600 202,132 Zone 10: Drains 28,008 3103 7,252 0 604 7901 122,026 6,441 201,532 0 600 2311 Zone 11 6,657 3102 304 < 300 2312 Zone 12 451,247 3102 197,081 < 18,000 2313 Zone 13 0 3102 (929,711) (60,045) 1,249 Sub -Total AD 84 -2 860,455 1,642 922,437 40,320 22,732 2314 Z -14: Wilshire Builders 1,483 3102 1,249 0 2315 Z -15: Toll Bros 938,584 3102 488,041 30,000 2316 Z -16: Cabrillo: US 7,777 3102 13,970 1,000 22,470 Z -16: Cabrillo: Drains 15,000 3103 7,500 0 1,527,249 22,777 1,939,209 21,470 0 1,000 Total 1,823,299 1,433,197 40,320 53,732 Page 3 of 4 [File: adfunds_03_041 4121/2003 Total Exp. Total Available Less Ending Revenue Code Expenses Less Expenses Reserve Balance 259,824 8901 275,000 (53,044) (53,044) 7,315 (7,315) 0 164,632 7901 193,000 106,024 (106,024) 0 424,456 468,000 60,295 (113,339) (53,044) 1,470 7901 4,210 19,833 (19,833) 0 75,439 7901 58,700 124,026 (124,026) 0 1,400 8902 258 7,043 (7,043) 0 0 8019 0 0 0 76,839 58,958 131,069 (131,069) 0 3,179 7901 2,450 3,607 (3,607) 0 6,383 7901 5,100 2,666 (2,666) 0 23,340 7901 33,200 10,380 (10,380) 0 500 8902 272 2,196 (2,196) 0 23,840 33,472 12,576 (12,576) 0 1,056 7901 1,320 709 (709) 0 13,000 7901 17,400 (6,102) (6,102) 15,343 7901 20,250 11,028 (11,028) 0 2,106 7901 2,255 (899) (899) 194,880 7901 192,200 96,698 (96,698) 0 7,252 8902 3,261 31,999 (31,999) 0 202,132 195,461 128,697 (128,697) 0 604 7901 820 6,441 (6,441) 0 215,081 7901 166,582 499,746 (499,746) 0 0 7901 0 0 0 985,489 976,278 869,666 (929,711) (60,045) 1,249 7901 1,090 1,642 (1,642) 0 518,041 7901 412,500 1,044,125 (1,044,125) 0 14,970 7901 13,971 8,776 (8,776) 0 7,500 8902 7,500 15,000 (15,000) 0 22,470 21,471 23,776 (23,776) 0 1,527,249 1,411,339 1,939,209 (1,999,254) (60,045) Est Transfer Nov 2004 > Est. Transfer November 2003 < Lew Amount Less Than Assessment Amount Landscape /Lighting Assessment Districts Fund Activity: FY03 /04 Adjusted Assessment Calculation FY 03/04 Amount of Amount Year -End Beginning Projected Fund CAP Projected Balance Assessment Levy Fund Description Balance Expenses [Est 3 Yr Costs] Exceeds CAP ** Amount Amount 2300 Lighting (37,868) Improvements 7,315 Landscaping 134,392 Remarks Page 4 of 4 [File: adfunds_03_041 4/21/2003 103,839 2301 Zone 1 22,573 4,210 12,630 15,935 9,702 970 < Ten Percent of Assessment Amount 2302 Zone 2: US 107,287 58,700 176,100 0 72,439 72,439 Zone 9 Zone 2: Drains 5,901 258 774 0 1,400 1,400 Zone 10: Drains Zone 2: Improvements 0 3,960 73 839 924 2303 Zone 3 2304 Zone 4 2305 Zone 5: US Zone 5: Drains 2306 Zone 6 2307 Zone 7 2308 Zone 8 2309 Zone 9 2310 Zone 10: US 23,840 Zone 10: Drains 2311 Zone 11 2312 Zone 12 2313 Zone 13 113,188 2,878 1,383 20,240 1,968 58,958 2,450 5,100 33,200 272 176,874 7,350 15,300 99,600 816 0 0 0 0 0 73,839 3,079 6,383 23,340 500 3,079 6,383 23,340 500 22,208 33,472 100,416 0 23,840 23,840 973 1,320 3,960 0 924 924 488,041 (1,702) 17,400 52,200 0 11,298 11,298 41,913 15,935 20,250 60,750 0 15,243 15,243 15,000 (750) 2,255 6,765 0 1,356 1,356 7,500 22,777 0 21,471 64,413 0 94,018 192,200 576,600 0 194,280 194,280 28,008 3,261 9,783 0 7,252 7,252 122,026 195,461 586,383 0 201,532 201,532 6,657 820 2,460 6,717 3,040 304 < Ten Percent of Assessment Ammount 451,247 166,582 499,746 46,848 243,929 197,081 < 81 %: Assmnt. Adj. to Not Exceed Fund Max. 0 0 0 0 i 2314 Z -14: Wilshire Builders 1,483 1,090 3,270 0 1,249 1,249 2315 Z -15: Toll Bros 938,584 412,500 1,237,500 0 488,041 488,041 2316 Z -16: Cabrillo: US 7,777 13,971 41,913 0 13,970 13,970 Z -16: Cabrillo: Drains 15,000 7,500 22,500 0 7,500 7,500 22,777 21,471 64,413 0 21,470 21,470 ** [Begining Balance + Assessment + Interest - Expenses] Less Maximum Fund Amount 7