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4.5. District Reserve Fund <br />An additional levy of up to $105.32/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 />4.6. Calculation of Fiscal Year 2008/09 Assessments <br />DESCRIPTION AMOUNT <br />The Fiscal Year 2008/09 assessments are calculated as follows: <br /> <br />Calculation of Required Assessments: <br />Estimated Total District Costs $381,300.00 <br />Estimated Carry-Over from Previous Fiscal Year (56,830.00) <br />Estimated Interest Income (12,000.00) <br />Required Assessment: $312,470.00 <br /> <br />Calculation of Maximum Assessments: <br />451 Single Family Detached Lots @ $565.48 per lot per year $255,031.48 <br />178 Motor Court Units @ $376.98 per unit per year 67,102.44 <br />Maximum Allowable Assessment: $322,133.92 <br /> <br />Calculation of Actual Assessment Rates: <br />Required Assessment /Maximum Allowable Assessment 97.00% <br />Single Family Detached Rate $565.48 x 97% per lot $548.52 <br />Motor Court Unit Rate $376.98 x 97% per lot $365.66 <br /> <br />Actual Assessments: <br />451 Single Family Detached Lots @ $548.52 per lot per year $247,382.52 <br />178 Motor Court Units @ $365.66 per unit per year 65,087.48 <br />Rounding Adjustment (0.00) <br />Total Assessments for Fiscal Year 2007/08 $312,470.00 <br />Fiscal year 2008/09 assessments are to be levied at 97°I° of Maximum. This is a 5% increase from <br />the fiscal year 2007/08 assessments. <br />Heron Bay Maintenance District Annual Report -City of San Leandro 4-5 <br />Prepared by NBS -Fiscal Year 2008/09 <br />