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Sources of funding are as follows: <br />$ 6,239.17 Reserve <br />12,847.11 Service Fund <br />$ 29,086.19 Total Source of Funds <br />$290,087.91 Amount to be collected from Special Tax <br />FISCAL IMPACT: <br />The above budget will allow the district to meet its debt service requirement and to <br />continue to provide existing service levels. There is no added cost to the City's <br />General Fund for any of these activities. <br />RECOMMENDATION: <br />Waive full reading and approve first reading of an ordinance setting the tax rate for <br />CFD 87-1, by title as follows: <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF COLTON, <br />CALIFORNIA, AUTHORIZING THE LEVY OF A SPECIAL TAX IN <br />COMMUNITY FACILITIES DISTRICT NO. 87-1 <br />Attachment: Tax Levy <br />Ordinance <br />