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Packet 20230620
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10K Consent
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Last modified
3/21/2024 5:53:11 PM
Creation date
6/23/2023 3:33:59 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/20/2023
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PERM
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<br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />SUMMARY OF ASSESSMENT <br /> DESCRIPTION AMOUNT <br />Estimated Fund Balance June 30, 2023 $164,998.33 <br />Estimated District Costs (Fiscal Year 2023/2024) <br />Capital Improvement Project $30,000.00 <br />Maintenance (Direct Costs)295,284.58 <br />Administration 167,908.58 <br />Subtotal $493,193.16 <br />2023/2024 Assessments <br />Annual Maximum Assessment at 100.00% of Maximum <br />451 Single Family Detached Lots @ $761.06 per lot $343,238.06 <br />178 Motor Court Units @ $507.36 per unit 90,310.08 <br />Subtotal $433,548.14 <br />Additional Reserve Fund at 100.00% of Maximum <br />451 Single Family Detached Lots @ $105.32 per lot $47,499.32 <br />178 Motor Court Units @ $70.22 per unit 12,499.16 <br />Subtotal $59,998.48 <br />2023/2024 Assessment Total $493,546.62 <br />Estimated Interest Income 2023/2024 $1,649.98 <br />Estimated Fund Balance June 30, 2024 $167,001.77
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