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<br />City of San Leandro Heron Bay Maintenance Assessment District No. 96-3 Page 10 <br />during the previous year for maintenance costs which exceed the "annual Maximum <br />Assessment" income. <br /> <br /> The District Reserve Fund was not fully funded as of June 30, 2023 therefore, the <br /> "Additional Reserve Fund" will be collected in Fiscal Year 2023/2024. <br /> <br />The table below reflects the basic assessment, annual maximum assessment including a cost of <br />living increase, the additional reserve fund component and the total maximum assessment for <br />motor court units per year through Fiscal Year 2025/2026. <br /> <br />Motor Court Maximum Assessments <br />Fiscal Year <br />Annual Maximum <br />Assessment per unit <br />per year (Including <br />cost-of-living increase) <br />Additional <br />Reserve Fund (1) <br />Total Maximum <br />Assessment per <br />unit per year <br />1996/97 $297.24 $70.22 $367.46 <br />1997/98 $303.18 $70.22 $373.40 <br />1998/99 $309.24 $70.22 $379.46 <br />1999/00 $315.42 $70.22 $385.64 <br />2000/01 $321.74 $70.22 $391.96 <br />2001/02 $328.18 $70.22 $398.40 <br />2002/03 $334.74 $70.22 $404.96 <br />2003/04 $341.44 $70.22 $411.66 <br />2004/05 $348.26 $70.22 $418.48 <br />2005/06 $355.22 $70.22 $425.44 <br />2006/07 $362.32 $70.22 $432.54 <br />2007/08 $369.58 $70.22 $439.80 <br />2008/09 $376.98 $70.22 $447.20 <br />2009/10 $384.52 $70.22 $454.74 <br />2010/11 $392.20 $70.22 $462.42 <br />2011/12 $400.04 $70.22 $470.26 <br />2012/13 $408.04 $70.22 $478.26 <br />2013/14 $416.20 $70.22 $486.42 <br />2014/15 $424.54 $70.22 $494.76 <br />2015/16 $433.02 $70.22 $503.24 <br />2016/17 $441.68 $70.22 $511.90 <br />2017/18 $450.52 $70.22 $520.74 <br />2018/19 $459.52 $70.22 $529.74 <br />2019/20 $468.72 $70.22 $538.74 <br />2020/21 $478.10 $70.22 $548.32 <br />2021/22 $487.66 $70.22 $557.88 <br />2022/23 $497.40 $70.22 $567.62 <br />2023/24 $507.36 $70.22 $577.58 <br />2024/25 $517.50 $70.22 $587.72 <br />2025/26 $527.86 $70.22 $598.08 <br /> <br />(1) The Additional Reserve Fund will be collected in Fiscal Year 2023/2024. <br />* Maximum Assessment calculation rounded down to the nearest even decimal. <br /> <br />For Fiscal Year 2026/2027 and thereafter, the amount of the maximum assessment shall <br />be increased each year using the same formula used above.