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<br />6/02/2025 <br />Existing Conditions Report <br />Castlewood County Service Area (CCSA) <br /> <br />20 <br /> <br />Revenues <br />Property Tax <br />The total assessed value in CCSA for FY2024-25 is $411.9 million 65 which generates $117,177 to CCSA.66 This <br />represents an increase of 4.7%. <br />Approximately 40.01% of CCSA property tax is shifted to the Education Revenue Augmentation Fund (ERAF).67 After <br />the ERAF shift, CCSA receives $70,298. <br />In the event of reorganization, property taxes will be transferred to the new entity. The creation of a Community <br />Services District (CSD) will transfer current property taxes from the CSA to the CSD. <br />Annexation to Pleasanton will require a tax exchange agreement to determine the split of current County property <br />tax from Castlewood between the County and the City. <br />Service Charges <br />Total service charge rates increased significantly in recent years. Rates were approximately $3,500 per RDE for <br />eleven years through FY2023-24,68 then increased to $5,482 in FY2024-25. The cost increases were primarily due to <br />water O&M rates as described in Section 5. The rate increase contributed to a positive net change in FY25. <br />Table 8 summarizes recent and projected charges by service. <br /> <br />65 Report 51-202 Net Totals by Value/Fund, file: 51202069-1-Final-07-24-24.TXT, Fund (Class) 7380 Castlewood CSA R-67-1. Auditor- <br />Controller Alameda County. <br />66 Report TXA-21 Data by Class-TRA Relationships Tax Roll Year: 2024-2025, Auditor-Controller Alameda County. <br />67 2024-25 ERAF Contribution Percentages, Auditor-Controller Alameda County. The shift varies slightly each year. <br />68 Annual Report, Fiscal Year 2023-2024, Table 2.