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<br />6/02/2025 <br />Existing Conditions Report <br />Castlewood County Service Area (CCSA) <br /> <br />14 <br /> <br />Table 5 Water System Improvement Costs <br /> <br />ACPWA presented options such as a debt and/or supplemental assessments to fund capital improvements.48 No <br />decisions on improvements or their fund. <br />CCSA’s water capital charges, remaining relatively constant at approximately $416 per RDE, are deposited to the <br />Water Capital Fund to pay for capital improvements. <br />A preliminary review of unaudited CCSA invoices indicates an ending fund balance shortfall of about ($250,000) in <br />the Water Capital Fund’s FY2023-24 ending fund balance.49 ACPWA’s last audited financial reports were prepared <br />for the fiscal year FY2021-22.50 The document did not report individual fund balances. <br /> <br /> <br />48 CCSA meeting presentation, Sept. 2023. <br />49 See CPOA file: “FY20-24 Combined – 5.17.24”, tab “Pivot (2024)”. <br />50 Financial Statements and Independent Auditor’s Report, June 30, 2022. The Castlewood Fund. Alameda County Public Works Agency. <br />Prepared by Grant & Smith, LLP, CPAs.