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Page 18 <br /> Notes to Estimate of Costs <br /> 1. Incidental and administration costs estimates include City staff hours <br /> dedicated to the administration of the assessment(including staff time <br /> to bid work, monitor contracts and contractors, respond to residents' <br /> inquiries,etc.),county charges for inclusion of assessments on property <br /> tax bills, and other incidental costs. <br /> 2. The district's capital repair and replacement anticipated year-end fund <br /> balance is approximately $29,100. The projected fiscal year 2026-27 <br /> expenditures exceed annual assessment revenues; the difference will <br /> be drawn from the existing fund balance. Reserve/replacement funds <br /> are held in an interest-bearing account until needed for repairs to the <br /> irrigation system, landscaping, or other District features. <br /> 3. The rate shown here is for a single-family home or its equivalent. For <br /> the definition of the term Single-Family Equivalent (SFE) and rates for <br /> other types of property,see the section titled,"Method of Assessment" <br /> and the sections following it in this report. <br /> 4. 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 contingencies and special projects as well <br /> as a capital improvement fund for accumulating funds for larger capital <br /> improvement projects or capital renovation 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 Lighting and Landscape Maintenance District 1994-1 <br /> reserve/replacement funds are held in an interest bearing account until <br /> needed for repairs to the irrigation system, landscaping or other District <br /> features. <br /> City of Pleasanton <br /> Lighting & Landscape Maintenance District No. 1994-1, SCIConsultingGroup <br /> Oak Tree Farm <br /> Engineer's Report <br />