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10 <br />ii. Incidental and administration cost estimates include City staff hours dedicated to the administration of the <br />assessment (including staff time to bid work, monitor contracts and contractors, respond to residents' <br />inquiries, etc.), county charges for inclusion of assessments on property tax bills, and other incidental costs. <br />iii. At the time of this report a fund balance of approximately $71,000 remains for Landscape Maintenance <br />District 1994-1. The projected 2025-26 expenses, if current maintenance levels and water use were <br />maintained, are higher than the projected annual revenues. Reserve/replacement funds are held in an <br />interest-bearing account until needed for repairs to the irrigation system, landscaping or other District <br />features. <br />iv. The rate shown here is for a single-family home or its equivalent. For the definition of the term Single -Family <br />Equivalent (SFE) and rates for other types of property, see the section titled, "Method of Assessment" and <br />the sections following it in this report. <br />v. The Act requires that proceeds from the assessments must be deposited into a special fund that has been <br />set up for the revenues and expenditures of the Maintenance District. Moreover, funds raised by the <br />assessment shall be used only for the purposes stated within this Report. Any balance remaining at the end <br />of the Fiscal Year, June 30, must be carried over to the next Fiscal Year. The District may also establish a <br />reserve fund for contingencies and special projects as well as a capital improvement fund for accumulating <br />funds for larger capital improvement projects or capital renovation needs. Any remaining balance would <br />either be placed in the reserve fund, the capital improvement fund, or would be used to reduce future years' <br />assessments. The Landscape Maintenance District 1994-1 reserve/replacement funds are held in an <br />interest-bearing account until needed for repairs to the irrigation system, landscaping or other District <br />features. <br />City of Pleasanton <br />Landscape Maintenance District No. 1994-1, Oak Tree Farm Engineer's Report, Fiscal Year 2025-26 <br />