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07/09/1996 17:12 3104346681 SCOTT ASSOCIATES PAGE 02 <br />Exhibit A <br />City of Colton <br />Community Facilities District 87-1 <br />1996/97 Special Tax Levy <br />The annual special tax levy is determined by summing the amounts necessary to pay debt service on the <br />bonds attd pay administrative expenses for the year. In addition, amounts may be added to replenish the <br />Reserve Fund for any delinquencies incurred, and credits may be given for any funds on hand. This CFD is <br />given a credit for interest earnWgs from the Bond Fund, <br />1996/97 Debt Service Requirements <br />Interest Due 3/1/97 $52,935.00 <br />Interest Due 9/1/97 52,935.00 <br />Principal Due 9/1/97 25,000.00 <br />Replenish Reserve Fund 0.00 <br />Less: Available Funds (43,000.00) <br />Total Debt Service Levy <br />_ ,870.00 <br />1996/97 Services Requirements <br />Police Services 0.00 <br />Fire Services 000 <br />Less: Available Funds (0.00) <br />Total Services Levy _ _ _ <br />1996/97 Administrative Expense Requirements <br />City Staff <br />Fiscal Agent $,474.77 <br />3 <br />Legal Fees 3,000.00 <br />CFD Administrator 500.00 <br />Arbitrage Rebate Calculation (95/96) 2'5205.0000 <br />Arbitrage Rebate Calculation (96/97) 2,000.[)o <br />Publish Tax Rates 100.00 <br />Postage <br />Miscellaneous123.16 <br />Expenses <br />Less: Available Funds 500.00(000) <br />Total Administrative Expense Levy <br />L-- 15,22_2.931 <br />1996/97 Special Tax RequirementL'.—_$10,0 2-93 <br />The following chart shows the 1996/97 Maximum Special Tax and the Actual Special Tax being levied <br />for the 1996/97 tax year. For comparison, the 1996/97 Actual Special Tax represents a savings to each <br />parcel of 27% over last year's special tax rate. <br />1996/97 1996/97 1995/96 <br />P Maximum Actual Actual <br />Developed Property (387 parcels) Sp I Tax 3JMg T" gPORial Tax <br />$675.69 $266.39 $363.12 <br />Prepared by Scott Associates <br />July 8, 1996 <br />