CFD No.
Resolution
No.
Estimated
Operating Costs
FY 2024
Estimated Levy
Excess/
(Deficit)
% of
Max Tax
YOY % Change
in Levy Rate Notes
CFD No. 2016-2 Tax B 2023-076 34,102 $ 37,537 $ 3,435 $ 97.13% 4.56% (1) CFD No. 2017-2 Tax B 2023-077 40,956 $ 49,318 $ 8,362 $ 97.14% 4.56% (1) CFD No. 2018-1 Tax B 2023-078 147,821 $ 169,574 $ 21,753 $ 100.00% 4.56% (2) CFD No. 2018-2 Tax B 2023-079 101,901 $ 220,501 $ 118,600 $ 97.14% 4.56% (1) CFD No. 97-1 2023-080 357,972 $ 432,924 $ 74,952 $ 90.44% 2.00% (8) CFD No. 2000-1 O&M 2023-081 4,886 $ 21,991 $ 17,105 $ 35.14% 0.00% (6) CFD No. 2002-2 2023-082 59,340 $ 75,052 $ 15,712 $ 46.86% 4.56% (1) CFD No. 2002-3 2023-083 28,722 $ 18,669 $ (10,053) $ 21.36% 4.56% (1) & (3) CFD No. 2011-1 2023-084 112,861 $ 103,152 $ (9,709) $ 47.76% 10.00% (3) & (4) CFD No. 2016-3 Zone 2 55,443 $ 68,538 $ 13,095 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 3 1,784 $ 2,986 $ 1,202 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 4 4,395 $ 12,274 $ 7,879 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 6 35,812 $ 46,344 $ 10,532 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 8 2,814 $ 4,221 $ 1,407 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 12 1,252 $ 2,137 $ 885 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 13 12,039 $ 22,500 $ 10,461 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 15 1,275 $ 1,275 $ 0 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 17 2,934 $ 17,652 $ 14,718 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 18 2,782 $ 6,266 $ 3,484 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 19 20,909 $ 28,967 $ 8,058 $ 100.00% 4.56% (2) CFD No. 2016-3 Zone 20 14,838 $ 13,637 $ (1,201) $ 100.00% 4.56% (2) & (3) CFD No. 2016-3 Zone 21 1,448 $ 5,243 $ 3,795 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 22 1,941 $ 6,281 $ 4,340 $ 97.14% 4.56% (1) CFD No. 2016-3 Zone 24 3,245 $ 3,446 $ 201 $ 100.00% n/a (5) CFD No. 2016-3 Zone 25 1,665 $ 2,313 $ 648 $ 100.00% 4.56% (2) CFD No. 2016-3 Zone 26 31,241 $ 33,862 $ 2,621 $ 100.00% 4.56% (2) CFD No. 2016-3 Zone 27 1,248 $ 1,949 $ 701 $ 100.00% 4.56% (2) CFD No. 2016-3 Zone 31 20,393 $ 22,027 $ 1,634 $ 100.00% 4.56% (2) CFD No. 2016-3 Zone 32 21,263 $ 22,955 $ 1,692 $ 100.00% n/a (5) CFD No. 2016-3 Zone 33 3,808 $ 4,125 $ 317 $ 100.00% n/a (5) Notes:
(1)
Proposed levy increased by the March 2023 Consumer Price Index of 4.56%, as defined in the RMA. (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 FY 2024.
(6)
Due to sufficient reserve balance in the Districts, the proposed levy is 0% for Fiscal Year 2024. (7)
Estimated costs will be updated during the first quarter budget adjustment for Fiscal Year 2024. (8)
Proposed levy increased due to cost increases.
Exhibit 1
Summary of Estimated Levies & Operating Costs
2023-085
(2)
Proposed levy increased by Consumer Price Index of 4.56% for March 2023 as defined in the RMA. Maximum increase is needed to meet the operating costs.