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Regional Connection Fee attributed to the LAVWMA Expansion Project and <br />applying it to administrative overhead. <br />Notwithstanding the foregoing, District reserves the right to deduct and <br />apply to administrative overhead up to fifteen (15) percent of the Regional <br />Connection Fee attributed to all Regional Facilities Expansion Projects if the <br />balance of District's Utilities General Fund is insufficient for expenditures of <br />District reasonably foreseeable for the uses and obligations of that Fund for a <br />four month time period within any Fiscal Year during the term hereof. For <br />purposes of determining whether the balance of District's Utilities General Fund <br />is insufficient as described in the preceding sentence, District shall refer to, and <br />be guided by, its then current Fiscal Year budget. At least 60 days prior to any <br />change in its application of a portion of the Regional Connection Fee to <br />administrative overhead, District shall provide City written notification of such <br />change together with accounting data, in a form reasonably acceptable to City, <br />documenting the need for such change under the terms this paragraph. <br />5. Regional Connection Fees. The parties acknowledge that, pursuant <br />to paragraph 10 (a) of the Regional Agreement, District annually reviews and <br />establishes, after duly noticed public hearing, the Regional Connection Fee. The <br />parties further acknowledge that, effective September 1999, the Regional <br />Connection Fee was established at $9,900 per dwelling unit equivalent (as that <br />term is defined and described in the District Code of District). <br />Subject to the limitations hereinafter provided, the parties agree that, for <br />purposes of the annual Regional Connection Fee rate review study prepared by <br />or for District, the Regional Connection Fee shall be increased by not less than <br />three (3) percent in order to achieve the Administrative Target Level of the Rate <br />Stabilization Fund, viz., five times (5x) the Maximum Annual Expansion Projects <br />Debt Service. The aforesaid projected minimum Annual Regional Connection <br />Agmt-41 8 <br />f/sh/sh/DSRSD <br />DES:r <br />12/S~OOr <br />