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W WILLDAN Financial Servioes E. District Reserve Fund An additional levy of up to $105.32 /year /single - family detached unit and $70.22 /year /motor court unit is assessed when the reserve fund needs replenishment. The Reserve Fund is fully funded and no levy will be required to replenish it this fiscal year. F. Calculation of Fiscal Year 2012113 Assessments DESCRIPTION AMOUNT The Fiscal Year 2012/2013 assessents are calculated as follows: Calculation of Required Assessments: Estimated Total District Costs $415,822.00 Estimated Carry-Over from Previous Fiscal Year $136,086.00 Estimated Interest Income $4,620.23 Required Assessment $275,115.77 Calculation of Maximum Assessments Maximum assessment for Single Family Detached Lots per year $612.10 Maximum assessment for Motor Court Units per year $408.04 451 Single Family Detached Lots @ maximum assessment $276,057.10 178 Motor Court Units @ maximum assessment $72,631.12 Maximum Allowable Assessment $348,688.22 Calculation of Actual Assessment Rates Required Assessment / Maximum Allowable Assessment 78.90% Single Family Detached Rate 78.90% of max per lot $482.95 Motor Court Unit Rate @ 78.90% of max per unit $321.94 Actual Assessments 451 Single Family Detached Lots @ $482.95 per lot $217,810.45 178 Motor Court Units @ $321.94 per unit $57,305.32 Total Assessments for Fiscal Year 201212013 $275,115.77 Fiscal Year 2012/13 assessments are to be levied at 78.90% of Maximum. This is a 41% increase from the Fiscal Year 2011/12 assessments. City of San Leandro Heron Bay Maintenance Assessment District No. 96 -3 Page 9