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<br />6/02/2025 <br />Existing Conditions Report <br />Castlewood County Service Area (CCSA) <br /> <br />22 <br /> <br />Infrastructure and Facilities <br />CCSA does not report the value of the sewer, water and road infrastructure and facilities it maintains in its financial <br />reports; the last financial report was prepared for FY2021-22.71 <br />Financial reports commonly document the value of a public agency’s infrastructure and facilities. Annual and <br />accumulated depreciation can provide a partial measure of asset condition, in addition to physical assessments, to <br />indicate the adequacy of investments in capital maintenance. <br />Liabilities <br />The most recent audited financial reports prepared for the CCSA for FY2021-22 showed accounts payable and <br />accrued expenditures of $529,051 but provided no further detail or explanation.72 <br />More recent liabilities incurred by CCSA include the following obligations which should be documented with <br />repayment schedules in an audited financial report. <br />State Loan <br />The Drinking Water State Revolving Fund (DWSRF) provided CCSA a loan of $3 million for water tank replacement.73 <br />Repayments began in 2023 and total approximately $177,000 annually. <br />County Revolving Fund <br />The County created a CSA revolving fund and provided CCSA with $1.4 million 74 to fund accumulated deficits in the <br />CCSA Water Maintenance Fund. ACPWA added a supplemental assessment to water maintenance charges to repay <br />the loan over a ten-year period.75 <br /> <br /> <br />71 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. <br />72 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. <br />73 See County BOS resolution approving application for DWSRF, Nov. 6, 2020. <br />74 See ACPWA memorandum to BOS with attached resolution R-2024-484, Oct. 2, 2024. <br />75 Castlewood CSA R-1967-1 Engineer’s Report for Proposed Supplemental Service Charge, April 22, 2025.