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2003 AGN JUL 01 I14
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2003 AGN JUL 01 I14
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Engineer's Report <br />Landscaping, Lighting and Maintenance District No. 2 <br />FY 2003-2004 <br />B. 2003/2004 District Budget <br />BUDGET ITEM <br />BENEFIT <br />DIRECT COSTS <br />Salaries & Wages <br />$37,195 <br />Fringe Benefits <br />11,570 <br />Uniform & Safety Equipment <br />450 <br />Vehicle Operating Expenses <br />500 <br />Miscellaneous Equipment Maintenance <br />0 <br />Building & Grounds Maintenance <br />2,500 <br />Utilities Expense <br />2,500 <br />Operating Supplies & Equipment <br />0 <br />Direct Costs Subtotal <br />$54,715 <br />ADMISITRATION COSTS <br />Dstrict Administration <br />$0 <br />County Administration Fee <br />124 <br />Miscellaneous Administration Expenses <br />0 <br />Administrative Costs Subtotal <br />$124 <br />LEVY BREAKDOWN <br />Total Direct and Admin Costs <br />$54,839 <br />Reserve Fund Collection <br />930 <br />Improvement Replacement Fund Collection <br />0 <br />Balance to Levy <br />$55,769 <br />DISTRICT STATISTICS <br />Total Parcels Levied <br />413 <br />Total Equivalent Dwelling Units (EDU) <br />442.10 <br />Levy per EDU <br />$126.15 <br />Maximum Levy per EDU <br />$126.15 <br />RESERVE INFORMATION <br />Previous Operating Reserve Balance <br />$0 <br />Reserve Fund Activity <br />930 <br />Ending Reserve Balance <br />930 <br />Previous Capital Improvement Balance <br />0 <br />Capital Improvement Fund Activity <br />0 <br />Ending Capital Improvement Balance <br />0 <br />Total Available Fund Balance <br />$930 <br />The proposed Assessment per EDU of $126.15 shown above is based on the proposed <br />improvements and development within the District. <br />The Maximum Assessment amount for Fiscal Year 2003/2004 per EDU has been <br />increased annually by 3% since the initial Fiscal Year 2002/2003. <br />MuniFinancial page 18 <br />
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