Fontana City Council
July 25, 2023

Schedule 1
Special Tax Allocation - Costs to be Allocated
Fiscal Year 2023-2024
Principal Payment 09/2023 65,000$ Bond Service Funds Available 118,548$ Interest Payment 09/2023 38,500 Proposed Special Tax Levy 164,769 Interest Payment 03/2024 37,200 Allowance for Delinquencies (4,943) Principal Payment 09/2024 70,000
Interest Payment 09/2024 37,200
Administration Costs 30,475
Total Costs 278,375$ Available Funds 278,375$
Schedule 2
Proposed Special Tax Rates for Fiscal Year 2023-2024
(Special Tax A and Special Tax B)
Total Special
Residential Lot Size Special Tax A Special Tax B Tax Rate 1- >3,850 sq ft 1,801.39$ 660.00$ 2,461.39$
2- 3,450 to 3,850 sq ft 1,634.15 660.00 2,294.15
3- 3,050 to 3,450 sq ft 1,466.91 660.00 2,126.91
4- 2,650 to 3,050 sq ft 1,394.56 660.00 2,054.56
5- 2,250 to 2,650 sq ft 1,260.77 660.00 1,920.77
6- 1,850 to 2,250 sq ft 1,118.79 660.00 1,778.79
7- <1,850 sq ft 976.80 660.00 1,636.80
8- Non-Residential 8,286.80 3,867.00 12,153.80
Total Proposed Levy 164,769$ 77,880$ 242,649$
Schedule 3
Comparison of Special Tax Levy and Rates by Fiscal Years Tax Classification
(Land Use) Special Tax Rate Special Tax Rate
1- >3,850 sq ft -$ 2,461.39$ -$ 2,461.39$ 0%
2- 3,450 to 3,850 sq ft 45,883 2,294.15 45,883 2,294.15 0% 3- 3,050 to 3,450 sq ft 61,680 2,126.91 61,680 2,126.91 0% 4- 2,650 to 3,050 sq ft 71,910 2,054.56 71,910 2,054.56 0% 5- 2,250 to 2,650 sq ft 40,336 1,920.77 40,336 1,920.77 0% 6- 1,850 to 2,250 sq ft 19,567 1,778.79 19,567 1,778.79 0% 7- <1,850 sq ft 3,274 1,636.80 3,274 1,636.80 0%
8- Non-Residential - 12,153.79 - 12,153.80 0%
242,649$ 242,649$
FY 2022 - 2023 FY 2023 - 2024
Assessed
Percent Rate
Change
Exhibit "A"
City of Fontana
Community Facilities District No. 70
Avellino