HomeMy WebLinkAboutAGENDA REPORT 2024 0605 CCSA REG ITEM 08A POWERPOINT PRESENTATIONParks and Recreation Maintenance and Improvement District
Fiscal Year 2024/2025
Item: 8.A.
1
History
July 1999
Gained authority to reinstate the Assessment Levy
Jan 17, 2024
Reso. 2024 - 4223 Directing the preparation of the Annual Engineer’s Report
May 1, 2024
Reso. 2024 – 4237
Preliminarily approving the Annual Engineer’s Report
May 22, 2024
Public Notice was posted on Ventura County Star
2
District Boundary
20 Neighborhood parks
1 Community Parks
Service Area of over 11,000 parcels
3
Methodology
GENERAL BENEFITS
+ SPECIAL BENEFITS
TOTAL BENEFITS
4
General
Benefits
25%
General Benefits 25%
Benefit to real property outside the district
Benefit to real property within the district
Benefit to the public at large
5
Special
Benefits
75%
Special Benefits 75%
Extension of a property’s outdoor areas and green spaces
Access to improved parks, open space, and recreation areas
Proximity to improve parks and recreational facilities
Improved Views
6
Assessment Rate
Fiscal Year 2023-2024 Assessment Rate
$ 70.76
CPI LA Area Increase 3.47% – Max 3%
$ 2.12
Fiscal Year 2024-2025 Assessment Rate
$ 72.88
+=
Rate per Single Family Equivalent Benefit Units(SFE)
7
2024-2025 Assessment Rate $ 72.88
Single Family Equivalent Benefit Units 13,821.76
Total Assessment Revenue $1,007,330
X
=
Assessment Rate
8
Fiscal Year
2024-25
Estimated
Cost
Expenses Amount
Operation of Grounds &
Recreation Facilities
$1,190,945
Tree and Landscape
Maintenance
$ 533,460
General Maintenance and
Repairs
$ 435,027
Utilities $ 449,700
Capital Improvement Projects $4,047,786
Total $6,656,918
9
Revenue Sources
Revenue Sources Operating Ops
%
Capital
Improve
CIP
%
General Fund $1,556,336 59.6%$ 375,890 9.3%
Park Improvements $2,523,582 62.3%
Park Maintenance Fund $1,032,796 39.6%0.0%
Other Funds $ 20,000 0.8%$1,148,314 28.4%
Total Revenue $2,609,132 100 %$4,047,786 100%
10
Staff Recommendation
Open
Open Public Hearing, Take public testimony
Close
Close Public Hearing
Adopt
Adopt Resolution
11
Questions?
I
12