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City of Pleasanton <br />LighƟng & Landscape Maintenance District No. 1995-1, <br />Moller Ranch <br />Engineer’s Report <br /> <br />Page 20 <br /> <br />iv. The Act requires that proceeds from the assessments must be <br />deposited into a special fund that has been set up for the revenues and <br />expenditures of the Maintenance District. Moreover, funds raised by <br />the assessment shall be used only for the purposes stated within this <br />Report. Any balance remaining at the end of the Fiscal Year, June 30, <br />must be carried over to the next Fiscal Year. The District may also <br />establish a reserve fund for conƟngencies and special projects as well <br />as a capital improvement fund for accumulaƟng funds for larger capital <br />improvement projects or capital renovaƟon needs. Any remaining <br />balance would either be placed in the reserve fund, the capital <br />improvement fund, or would be used to reduce future years' <br />assessments. The LighƟng and Landscape Maintenance District 1995-1, <br />Moller Ranch reserve/replacement funds are held in an interest <br />bearing account unƟl needed for repairs to the masonry walls, entry <br />signage, irrigaƟon systems, landscaping or other District features. <br /> <br />Page 267 of 617