11/15/2022
CITY OF CATHEDRAL CITY
COMMUNITY FACILITIES DISTRICT NO. 2006-1
IMPROVEMENT AREA NOS. 2, 4, 5, 6, 7, 8, 10, 11 AND 14
ANNUAL REPORT
The purpose of this report is to comply with the provisions of Section 50075 and Section 12463.2 of the California Government Code. Section 50075 provides that any local special tax measure that is subject to voter approval on or after January 1, 2001, that would provide for the imposition of a special tax by a local agency shall require the chief fiscal officer of the levying local agency to file a report with its governing body no later than January 1, 2002, and at least once a year thereafter. The annual report, pursuant to Section 50075 of the California Government Code, shall contain both of the following:
The amount of funds collected and expended.
The status of any project required or authorized to be funded as identified in subdivision (a) of Section 50075.1.
The City of Cathedral City (the “City”) formed Community Facilities District No. 2006-1 (“CFD No. 2006-1) in December 2006. CFD No. 2006-1 was formed to finance police protection services, fire protection and paramedic services, and park maintenance services. The status of such annual services is ongoing.
A separate account has been established with the City to administer the receipt and subsequent disbursement of the annual special taxes. A summary sheet showing the receipt of funds as well as all disbursements made during the reporting period (July 1, 2021 to June 30, 2022) is attached as a part of this report.
For information related to the FY 2021-2022 special tax amounts, please refer to the annual form filed separately with the City pursuant to Section 12463.2 of the California Government Code.
David Taussig Associates, Inc. 10/21/2022
CITY OF CATHEDRAL CITY
CFD NO. 2006-1
FUND SUMMARY
Beginning Balance Funds Received Funds Expended Ending Balance Fund as of 7/1/2021 (7/1/2021 through 6/30/2022)(7/1/2021 through 6/30/2022) as of 6/30/2022 Improvement Area No. 2 $0 $85,787 ($85,787) $0
Improvement Area No. 4 $0 $42,260 ($42,260) $0
Improvement Area No. 5 $0 $29,455 ($29,455) $0
Improvement Area No. 6 $0 $2,454 ($2,454) $0
Improvement Area No. 7 $0 $2,770 ($2,770) $0
Improvement Area No. 8 $0 $29,863 ($29,863) $0
Improvement Area No. 10 $0 $0 $0 $0
Improvement Area No. 11 $0 $28,879 ($28,879) $0
Improvement Area No. 14 $0 $1,537 ($1,537) $0
Grand Total $0 $223,005 ($223,005) $0