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<br />4.5. District Reserve Fund <br /> <br />An additional levy of up to $1 05.32/year/single family detached unit and $70.22/year/motor court unit <br />is assessed when the reserve fund needs replenishment. The reserve fund is fully funded and no <br />levy will be required to replenish it this fiscal year. <br /> <br />4.6. Calculation of Fiscal Year 2007/08 Assessments <br /> <br /> FISCAL YEAR <br />DESCRIPTION 2007/08 AMOUNT <br />The Fiscal Year 2007/08 assessments are calculated as follows: <br />Calculation of Maximum Assessments for Fiscal Year 2007/08: <br />451 Single Family Detached Lots @ $554.40 per lot per year $250,034.40 <br />178 Motor Court Units @ $369.58 per unit per year 65,785.24 <br />Total Maximum Allowable Assessments for Fiscal Year 2007/08: $315,819.64 <br />Calculation of Actual Assessments for Fiscal Year 2007/08: <br />Total Estimated Assessment Fiscal Year 2007/08 $296,873.12 <br />Total Assessments at Maximum Rates 315,819.64 <br />Single Family Detached Rate $554.40 x 94% per lot $521.14 <br />Motor Court Unit Rate $369.58 x 94% per lot $347.40 <br />Actual Assessments for Fiscal Year 2007/08: <br />451 Single Family Detached Lots @ $521.14 per lot per year $235,034.14 <br />178 Motor Court Units @ $347.40 per unit per year 61,837.20 <br />Rounding Adjustment (0.00) <br />Total Assessments for Fiscal Year 2007/08 $296,871.34 <br /> <br />Fiscal Year 2007/08 assessments are to be levied at 94% of Maximum. <br /> <br />Heron Bay Maintenance District Annual Report- City of San Leandro <br />Prepared by NBS - Fiscal Year 2007108 <br /> <br />4-5 <br />