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<br />6/02/2025 <br />Existing Conditions Report <br />Castlewood County Service Area (CCSA) <br /> <br />21 <br /> <br />Table 8 Summary of Charges (FY23-FY29) <br /> <br />Expenditures <br />As summarized in Table 7 and described for each fund in the prior section, expenditures and non -recurring <br />expenses peaked in FY2022-23. ACPWA took steps to provide a County loan to cover $1.4 million of accumulated <br />Water O&M Fund deficits and increased rates. A supplemental charge is intended to repay the County loan. <br />Assets <br />Fund Balances <br />As estimated in Table 7, total fund balances at the end of FY24 were under $500,000 and approaching a deficit. The <br />shortfalls resulted from recent years of annual costs exceeding revenues. <br />The Water Maintenance Fund indicated a significant deficit. A $1.4 mill. County loan restored the Water <br />Maintenance Fund’s balance to zero.69 ACPWA’s last audited financial reports were prepared for the fiscal year <br />FY2021-22.70 The document did not report individual fund balances. <br /> <br />69 Castlewood CSA R-1967-1 Engineer’s Report for Proposed Supplemental Service Charge, April 22, 2025, pg. 5-6. <br />70 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.