Exhibit 1 - Summary of Estimated Levies & Operating Costs for the Districts CFD No. Resolution No.
Estimated
Operating Costs Estimated Levy
Estimated
Excess/
(Deficit)
% of
Max Tax
YOY % Change
in Levy Rate Notes
CFD No. 2016-2 Tax B 2022-086 32,901 $ 35,901 $ 3,000 $ 97.14% 6.90% (1) CFD No. 2017-2 Tax B 2022-087 39,349 $ 47,168 $ 7,819 $ 97.14% 6.90% (1) CFD No. 2018-1 Tax B 2022-088 142,766 $ 142,766 $ - $ 58.21% 10.04% (2) CFD No. 2018-2 Tax B 2022-089 99,903 $ 197,537 $ 97,634 $ 91.83% 6.90% (1) CFD No. 97-1 2022-090 358,854 $ 422,619 $ 63,765 $ 90.44% 0.00% (6) CFD No. 2000-1 O&M 2022-091 4,881 $ 21,991 $ 17,110 $ 36.55% 0.00% (6) CFD No. 2002-2 2022-092 57,783 $ 71,779 $ 13,996 $ 46.87% 0.00% (6) CFD No. 2002-3 2022-093 27,858 $ 17,219 $ (10,639) $ 26.99% 0.00% (3) & (6) CFD No. 2011-1 2022-094 94,700 $ 93,775 $ (925) $ 45.65% 10.00% (3) & (4) CFD No. 2016-3 Zone 2 $ 65,546 53,745 $ 11,801 $ 97.14% 6.90% (1) CFD No. 2016-3 Zone 3 $ 2,856 1,523 $ 1,333 $ 97.15% 6.90% (1) CFD No. 2016-3 Zone 4 $ 11,739 4,035 $ 7,704 $ 97.15% 6.90% (1) CFD No. 2016-3 Zone 6 $ 44,323 34,720 $ 9,603 $ 97.15% 6.90% (1) CFD No. 2016-3 Zone 8 $ 4,037 2,529 $ 1,508 $ 97.14% 6.90% (1) CFD No. 2016-3 Zone 12 $ 2,044 1,223 $ 821 $ 97.15% 6.90% (1) CFD No. 2016-3 Zone 13 $ 21,519 11,321 $ 10,198 $ 97.15% 6.90% (1) CFD No. 2016-3 Zone 15 $ 1,220 964 $ 256 $ 97.15% 6.90% (1) CFD No. 2016-3 Zone 17 $ 16,981 2,495 $ 14,486 $ 97.15% 6.90% (1) CFD No. 2016-3 Zone 18 $ 5,993 2,381 $ 3,612 $ 97.15% 6.90% (1) CFD No. 2016-3 Zone 19 $ 27,704 - $ 27,704 $ 100.00% n/a (5) & (7) CFD No. 2016-3 Zone 20 $ 13,042 13,816 $ (774) $ 100.00% 10.04% (2) & (3) CFD No. 2016-3 Zone 21 $ 5,014 1,105 $ 3,909 $ 97.15% 6.90% (1) CFD No. 2016-3 Zone 22 $ 6,007 1,576 $ 4,431 $ 97.15% 6.90% (1) CFD No. 2016-3 Zone 25 $ 2,212 1,596 $ 616 $ 100.00% n/a (5) CFD No. 2016-3 Zone 26 $ 32,384 - $ 32,384 $ 100.00% n/a (5) & (7) CFD No. 2016-3 Zone 27 $ 1,647 1,196 $ 451 $ 100.00% n/a (5) Notes:
(3)
Estimated operating deficit will be covered by a one-time contribution from the capital reserve. (4)
Proposed levy increased by 10% is necessary to build up capital reserve for CFD No. 2011-1 for future improvements. (5)
First year of levy
(6)
No change in proposed levy between Fiscal Year 2023 and Fiscal Year 2022 due to sufficient reserve balance in the Districts. (7)
Estimated costs will be updated during the first quarter budget adjustment for Fiscal Year 2023. 2022-095
(1)
Proposed levy increased by 6.9%, which is the assigned rate by the City, instead of the Consumer Price Index of 10.04% for March 2022, as defined in the RMA. This assigned rate is applied to the District with estimated costs exceed the levy. (2)
Proposed levy increased by Consumer Price Index of 10.04% for March 2022 as defined in the RMA. Maximum increase is needed to meet the operating costs.