Hercules City Council
May 23, 2023

Draft
Landscaping and Lighting
Assessment Districts
5-year Financial Projections
Analysis and Findings Report
May 23, 2023

5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT TABLE OF CONTENTS

TABLE OF CONTENTS

Page No.

Executive Summary ................................................................................................. 1

Section I - LLAD No. 83-2 ...................................................................................... I-1 5-year Financial Projections, Trend Graph, and Capital Replacement Analysis:

Benefit Zone 1 (Hercules by the Bay)....................................................... I-2 Benefit Zone 2 (Foxboro) ......................................................................... I-6 Benefit Zone 3&4 (Gems/Birds) ............................................................. I-10 Benefit Zone 5A (Business Park) ........................................................... I-14 Benefit Zone 5B (Commercial) ............................................................... I-18 Benefit Zone 5C (Misc. Parcels) ............................................................. I-22 Benefit Zone 6 (Village Parkway) ........................................................... I-25 Benefit Zone 7 (Heights) ........................................................................ I-29 Benefit Zone 8 (Trees and Flowers) ....................................................... I-33 Benefit Zone 9 (Birds and Country Run) ................................................ I-37 Benefit Zone 10 (Citywide Parks) ........................................................... I-41

Section II – LLAD No. 2002-1 (Victoria by the Bay) ............................................ II-1 5-year Financial Projections, Trend Graph, and Capital Replacement Analysis

Section III – LLAD No. 2002-2 (Promenade) ....................................................... III-1 5-year Financial Projections, Trend Graph, and Capital Replacement Analysis

Section IV – LLAD No. 2004-1 (Baywood) .......................................................... IV-1 5-year Financial Projections, Trend Graph, and Capital Replacement Analysis

Section V – LLAD No. 2005-1 (Bayside) .............................................................. V-1 5-year Financial Projections, Trend Graph, and Capital Replacement Analysis

5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT INTRODUCTION

1 EXECUTIVE SUMMARY

The City of Hercules annually levies and collects special assessments to maintain certain improvements within the City’s five L andscape and Lighting Assessment Districts (LLADs). Each LLAD provides continued maintenance, servicing, administration , and operations of various landscape and lighting improvements and other facilities benefiting parcels within each respective LLAD. Each property is assessed only for the cost of the improvements from which benefit is received.

The five LLADs in Hercules provide for well -maintained, attractive landscaping and serviceable streetlighting along public streets as well as fire breaks adjacent to open space. They also provide for the upkeep of playgrounds, fields, park furniture, tennis courts, graffiti abatement, lighting, landscaping, water features, and trails in City parks.

The expenses associated with the maintenance of these LLADs include labor, material, equipment, utilities, repairs, and administration.

On February 14, 2023, Hercules City Council adopted Resolutions initiating the FY 2023- 24 LLAD annual approval process and authorizing the preparation of 5- year financial projections for the City’s five LLADs to evaluate their long- term financial health by forecasting revenues and expenditures. This report includes, for each LLAD/Benefit Zone, a 5-year financial projection through FY 2027- 28, a trend graph of the 5- year financial projections, and a capital replacement table to determin e the recommended target reserve levels for FY 2023-24.

Please note the 5-year financial projections in this report includes costs for programmed 5-year Capital Improvement Projects anticipated to be funded by each LLAD but does not account for the replacement of existing park improvements associated with LLAD No. 83- 2 Benefit Zone 10 (Citywide Parks) or projects in the Parks M aster Plan as that data is still pending. These park improvements are intended to be funded with grants and other funding sources that become available, to the extent possible.

In short, the operating budgets for LLAD No. 83- 2 (comprised of eleven Benefit Zones), LLAD No. 2004-1 (Baywood), and LLAD No. 2005-1 (Bayside) are trending positively over the 5 -year projections, in large part due to successful Proposition 218 proceedings conducted between FY 2017- 18 to FY 2021 -22 approving increases to LLAD assessments for six (6) Benefit Zones of LLAD No. 83- 2. LLAD No. 2002- 1 (Victoria by the Bay) and LLAD No. 2002-2 (Promenade) are currently experiencing annual operating deficits primarily due to the need for increased irrigation watering, East Bay Municipal Utility District water rate increases, and additional work associated with regular tree pruning.

5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT SECTION I I-1
S

ECTION I
L
LAD NO. 83-2
5 -YEAR FINANCIAL PROJECTIONS, TREND GRAPH,
AND C

APITAL REPLACEMENT ANALYSIS

5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT LLAD NO. 83-2

I-2

BENEFIT ZONE 1

HERCULES BY THE BAY

• 5-YEAR FINANCIAL PROJECTIONS
• TREND GRAPH
• CAPITAL REPLACEMENT ANALYSIS

REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $143 $150 $157 $165 $173 Assessments $100,412 $105,433 $110,704 $116,239 $122,051 General Benefit Contribution $892 $1,146 $1,002 $1,299 $1,118 TOTAL REVENUES: $101,304 $106,578 $111,706 $117,539 $123,169 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $18,846 $19,788 $20,778 $21,817 $22,907
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $27,703 $34,045 $35,019 $32,403 $33,903 Landscaping, Open Space, and Associated Repairs $9,000 $9,180 $9,364 $9,551 $9,742 Tree Trimming $0 $10,000 $0 $12,000 $0
Electricity and Streetlight Repairs $10,000 $10,500 $11,100 $11,700 $12,300 Landscape and Facilities Water $5,000 $6,000 $7,000 $8,000 $9,000 Assessment Engineering Cost $820 $861 $904 $949 $997
Incidental / Direct Admin Cost $0 $0 $0 $0 $0
County Fees $947 $947 $947 $947 $947
TOTAL ANNUAL EXPENDITURES: $72,316 $91,321 $85,112 $97,366 $89,796 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Street Light Pole Replacement (10-year loan repayment) $20,259 $20,259 $20,259 $20,259 $20,259 TOTAL CIP EXPENDITURES: $20,259 $20,259 $20,259 $20,259 $20,259 TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $92,575 $111,580 $105,371 $117,625 $110,055 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 ($56,399) ($47,670) ($52,672) ($46,337) ($46,423) Reserve Collection Increase/(Decrease) $8,729 ($5,002) $6,336 ($87) $13,114 Ending Balance - Projected June 30 ($47,670) ($52,672) ($46,337) ($46,423) ($33,309) Recommended Operating Reserves $46,288 $55,790 $52,685 $58,813 $55,028 Available Operating Reserves ($47,670) ($52,672) ($46,337) ($46,423) ($33,309) Target Capital Reserves $152,126 $159,733 $167,719 $176,105 $184,910 Available Capital Reserves $0 $0 $0 $0 $0
*EDU = Equivalent Dwelling Unit. Assumes rates will be increased by 7.5% to the maximum allowable rate for FY 2023-24.

The Cottage Ln, Coventry, and Olympian Hills developments within Zone 1 have a lower maximum allowable assessment rate ($85.21 per EDU for FY 2023-24) because their interior streetlighting is owned and maintained by an HOA.

LANDSCAPING AND LIGHTING DISTRICT NO. 1983-2
(ZONE NO. 1 - HERCULES BY THE BAY)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
I-3
($47,670)
($52,672)
($46,337) ($46,423)
($33,309)
($80,000)
($60,000)
($40,000)
($20,000)
$0
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
Landscaping and Lighting Assessment District No. 83-2
Zone 1 (Hercules by the Bay)
Projected Ending Fund Balance Trend
Prior to Fiscal Year 2019-20, Zone 1 (Hercules by the Bay) property owners approved an increase to their LLAD assessment to finance the replacement of deteriorated wooden pole streetlights in their neighborhood and gradually eliminate the Zone's fund deficit. Zone 1 is now on pace to fully repay the loan for the wooden pole streetlight replacements and is expected to decrease the fund deficit over the next five years.

The trend graph below assumes the Zone 1 assessment rate will be increased by 7.5% from prior year to the maximum allowable rate for Fiscal Year 2023-24, and projects 5% annual assessment increases through Fiscal Year 2027-28.

I-4
Railroad Park - LLAD 83-2 (Zone 1)
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Benches - Steel 4 EA $1,000 $4,000 30 0 $4,000 $4,000
Miscellaneous Irrigation System Replacement 12,800 SF $0.05 $640 1 0 $640 $640 Irrigation Controller 1 EA $15,000 $15,000 15 0 $15,000 $15,000 Picnic Tables - Wood with steel base 3 EA $1,000 $3,000 25 0 $3,000 $3,000 Playground (Ages 5-12) - Little Tykes 1 EA $40,000 $40,000 20 2 $42,436 $38,192 Pathway - Concrete Repair 3,500 SF $10 $3,500 50 20 $6,321 $3,793 Swing Set - Landscape Structures 2 EA $4,000 $8,000 20 0 $8,000 $8,000 Trash Cans - Concrete with Metal Tops 2 EA $750 $1,500 30 0 $1,500 $1,500 *Assumes 3% annual inflation. $74,125
Landscaping & Lighting - LLAD 83-2 (Zone 1)
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Miscellaneous Median Irrigation System Replacement 5,000 SF $0.10 $500 1 0 $500.00 $500.00 Decorative Pavers 1,500 SF $5.00 $7,500 30 0 $7,500.00 $7,500.00 Miscellaneous Cul-de-Sac Irrigation System Replacement 4,500 SF $0.10 $450 1 0 $450.00 $450.00 Irrigation Controller 2 EA $15,000 $30,000 15 0 $30,000.00 $30,000.00 Street Light - Single Head 119 EA $4,000 $476,000 30 29 $1,121,725.18 $37,390.84 Street Light - Double Head 5 EA $5,500 $27,500 30 29 $64,805.55 $2,160.19 *Assumes 3% annual inflation. Totals $541,950.00 $78,001.02 FY 2023-24 Total Target Capital Reserve for Zone 1: $152,126.26 LLAD No. 83-2 (ZONE 1 - HERCULES BY THE BAY) CAPITAL REPLACEMENT ANALYSIS I-5
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT LLAD NO. 83-2 BENEFIT ZONE 2

FOXBORO
 5-YEAR FINANCIAL PROJECTIONS
 TREND GRAPH
 CAPITAL REPLACEMENT ANALYSIS
I-6
REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $130 $130 $130 $130 $130 Assessments $82,960 $82,960 $82,960 $82,960 $82,960
General Benefit Contribution $608 $655 $703 $752 $802
TOTAL REVENUES: $83,569 $83,616 $83,663 $83,712 $83,762 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $18,846 $19,788 $20,778 $21,817 $22,907
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $20,871 $25,649 $26,383 $24,412 $25,542 Landscaping, Open Space, and Associated Repairs $3,000 $3,060 $3,121 $3,184 $3,247 Tree Trimming $0 $0 $0 $0 $0
Electricity and Streetlight Repairs $5,000 $5,300 $5,600 $5,900 $6,200 Landscape and Facilities Water $2,000 $3,000 $4,000 $5,000 $6,000 Assessment Engineering Cost $820 $861 $904 $949 $997
Incidental / Direct Admin Cost $0 $0 $0 $0 $0
County Fees $750 $750 $750 $750 $750
TOTAL ANNUAL EXPENDITURES: $51,287 $58,408 $61,536 $62,011 $65,644 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Other Capital Improvement Projects $0 $0 $0 $0 $0
TOTAL CIP EXPENDITURES: $0 $0 $0 $0 $0
TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $51,287 $58,408 $61,536 $62,011 $65,644 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 $67,358 $99,639 $124,847 $146,974 $168,675 Reserve Collection Increase/(Decrease) $32,282 $25,207 $22,128 $21,701 $18,119 Ending Balance - Projected June 30 $99,639 $124,847 $146,974 $168,675 $186,794 Recommended Operating Reserves $25,644 $29,204 $30,768 $31,006 $32,822 Available Operating Reserves $25,644 $29,204 $30,768 $31,006 $32,822 Target Capital Reserves $28,904 $30,349 $31,867 $33,460 $35,133 Available Capital Reserves $73,996 $95,642 $116,206 $137,670 $153,972 LANDSCAPING AND LIGHTING DISTRICT NO. 1983-2
(ZONE NO. 2 FOXBORO)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
*EDU = Equivalent Dwelling Unit. Assumes rates will not be increased for FY 2023-24 through 2027-28. $99,639 $124,847
$146,974
$168,675
$186,794
$0
$55,000
$110,000
$165,000
$220,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
Landscaping and Lighting Assessment District No. 83-2
Zone 2 (Foxboro)
Projected Ending Fund Balance Trend
Zone 2 (Foxboro) is generating sufficient assessment revenue to pay for annual operating and maintenance expenditures and is in strong position to continue building reserves for future capital improvement and replacement projects.

The trend graph below assumes the Zone 2 assessment rates will not be increased through Fiscal Year 2027-28.

Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Miscellaneous Median Irrigation System Replacement 11,000 SF $0.10 $1,100 1 0 $1,100 $1,100 Irrigation Controller 1 EA $15,000 $15,000 15 0 $15,000 $15,000 Street Light - Single Head 38 EA $4,000 $152,000 30 29 $358,198 $11,940 Street Light - Double Head 2 EA $5,500 $11,000 30 29 $25,922 $864 *Assumes 3% annual inflation. Totals $179,100 $28,904
FY 2023-24 Total Target Capital Reserve for Zone 1: $28,904 LLAD No. 83-2 (ZONE 2 - FOXBORO) CAPITAL REPLACEMENT ANALYSIS I-9
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT LLAD NO. 83-2 BENEFIT ZONE 3&4
GEMS/B
IRDS
 5-YEAR FINANCIAL PROJECTIONS
 TREND GRAPH
 CAPITAL REPLACEMENT ANALYSIS
I-10
REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $139 $146 $153 $161 $169 Assessments $118,006 $123,907 $130,102 $136,607 $143,438 General Benefit Contribution $901 $963 $1,036 $1,110 $1,188 TOTAL REVENUES: $118,907 $124,870 $131,138 $137,718 $144,625 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $18,846 $19,788 $20,778 $21,817 $22,907
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $28,345 $34,834 $35,831 $33,154 $34,689 Landscaping, Open Space, and Associated Repairs $6,000 $6,120 $6,242 $6,367 $6,495 Tree Trimming $0 $0 $0 $0 $0
Electricity and Streetlight Repairs $9,000 $9,500 $10,000 $10,500 $11,100 Landscape and Facilities Water $9,000 $10,000 $11,000 $12,000 $13,000 Assessment Engineering Cost $820 $861 $904 $949 $997
Incidental / Direct Admin Cost $500 $1,000 $2,000 $3,000 $4,000 County Fees $883 $883 $883 $883 $883
TOTAL ANNUAL EXPENDITURES: $73,394 $82,986 $87,638 $88,670 $94,071 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Street Light Pole Replacement (10-year loan repayment) $42,192 $42,192 $42,192 $42,192 $42,192 TOTAL CIP EXPENDITURES: $42,192 $42,192 $42,192 $42,192 $42,192 TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $115,586 $125,178 $129,830 $130,862 $136,263 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 $68,218 $71,540 $71,231 $72,539 $79,395 Reserve Collection Increase/(Decrease) $3,321 ($309) $1,308 $6,856 $8,363 Ending Balance - Projected June 30 $71,540 $71,231 $72,539 $79,395 $87,758 Recommended Operating Reserves $57,793 $62,589 $64,915 $65,431 $68,131 Available Operating Reserves $57,793 $62,589 $64,915 $65,431 $68,131 Target Capital Reserves $84,880 $89,124 $93,580 $98,259 $103,172 Available Capital Reserves $13,746 $8,642 $7,624 $13,964 $19,626 *EDU = Equivalent Dwelling Unit. Assumes rates will be increased by 7.5% to the maximum allowable rate for FY 2023-24.

LANDSCAPING AND LIGHTING DISTRICT NO. 1983-2
(ZONE NO. 3 & 4 - THE GEMS/BIRDS)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
I-11
$71,540
$71,231 $72,539 $79,395
$87,758
$0
$25,000
$50,000
$75,000
$100,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
Landscaping and Lighting Assessment District No. 83-2
Zone 3 & 4 (The Gems/Birds)
Projected Ending Fund Balance Trend
Prior to Fiscal Year 2021-22, Zone 3&4 (The Gems/Birds) property owners approved an increase to their LLAD assessment to finance the replacement of deteriorated wooden pole streetlights in their neighborhood. Zone 3&4 is on pace to fully repay the loan for the wooden pole streetlight replacements and is in strong position to build reserves for future capital improvement and replacement projects.

The trend graph below assumes the Zone 3&4 assessment rate will be increased by 7.5% from prior year to the maximum allowable rate for Fiscal Year 2023-24, and projects 5% annual assessment increases through Fiscal Year 2027-28.

I-12
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Miscellaneous Cul-de-Sac Irrigation System Replacement 8,000 SF $0.10 $800 1 0 $800 $800 Cul-de-Sac - Concrete Repair 8,000 SF $10 $8,000 50 10 $10,751 $8,601 Miscellaneous Roadside Irrigation System Replacement 40,000 SF $0.05 $2,000 1 0 $2,000 $2,000 Irrigation Controller 2 EA $15,000 $30,000 15 0 $30,000 $30,000 Street Light - Single Head 137 EA $4,000 $548,000 30 29 $1,291,398 $43,047 Street Light - Double Head 1 EA $5,500 $5,500 30 29 $12,961 $432 *Assumes 3% annual cost increase. Totals $594,300 $84,880 FY 2023-24 Total Target Capital Reserve for Zone 3&4: $84,880 LLAD No. 83-2 (ZONE 3&4 - THE GEMS/BIRDS) CAPITAL REPLACEMENT ANALYSIS I-13
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT LLAD NO. 83-2 BENEFIT ZONE 5A

BUSINESS PARK
 5-YEAR FINANCIAL PROJECTIONS
 TREND GRAPH
 CAPITAL REPLACEMENT ANALYSIS
I-14
REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $147 $154 $162 $170 $178 Assessments $93,420 $98,091 $102,995 $108,145 $113,552
General Benefit Contribution $1,329 $1,420 $1,506 $1,593 $1,681 TOTAL REVENUES: $94,749 $99,511 $104,501 $109,738 $115,233 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $11,716 $12,302 $12,917 $13,563 $14,241
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $20,824 $25,591 $26,323 $24,356 $25,484 Landscaping, Open Space, and Associated Repairs $12,000 $12,240 $12,485 $12,734 $12,989 Tree Trimming $0 $0 $0 $0 $0
Electricity and Streetlight Repairs $6,000 $6,300 $6,700 $7,100 $7,500 Landscape and Facilities Water $30,000 $33,000 $35,000 $37,000 $39,000 Assessment Engineering Cost $820 $861 $904 $949 $997
Incidental / Direct Admin Cost $5,600 $6,000 $7,000 $8,000 $9,000 County Fees $310 $310 $310 $310 $310
TOTAL ANNUAL EXPENDITURES: $87,270 $96,603 $101,639 $104,013 $109,521 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Other Capital Improvement Projects $0 $0 $0 $0 $0
TOTAL CIP EXPENDITURES: $0 $0 $0 $0 $0
TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $87,270 $96,603 $101,639 $104,013 $109,521 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 $93,630 $101,109 $104,017 $106,880 $112,605 Reserve Collection Increase/(Decrease) $7,479 $2,907 $2,863 $5,725 $5,712 Ending Balance - Projected June 30 $101,109 $104,017 $106,880 $112,605 $118,317 Recommended Operating Reserves $43,635 $48,302 $50,819 $52,006 $54,760 Available Operating Reserves $43,635 $48,302 $50,819 $52,006 $54,760 Target Capital Reserves $46,872 $49,216 $51,677 $54,260 $56,973 Available Capital Reserves $57,475 $55,715 $56,060 $60,599 $63,557 *EDU = Equivalent Dwelling Unit. Assumes rates will be increased by CPI (5.3%) for FY 2023-24.

LANDSCAPING AND LIGHTING DISTRICT NO. 1983-2
(ZONE NO. 5A - BUSINESS PARK)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
I-15
$101,109 $104,017 $106,880 $112,605
$118,317
$0
$37,500
$75,000
$112,500
$150,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
Landscaping and Lighting Assessment District No. 83-2
Zone 5A (Business Park)
Projected Ending Fund Balance Trend
Zone 5A (Business Park) is generating sufficient assessment revenue to pay for annual operating and maintenance expenditures and is in strong position to continue building reserves for future capital improvement and replacement projects.

The trend graph below assumes the Zone 5A assessment rate will be increased by the applicable annual change in the Consumer Price Index (5.3%) from prior year, and projects 5% annual assessment increases through Fiscal Year 2027-28.

I-16
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Miscellaneous Median Irrigation System Replacement 20,500 SF $0.10 $2,050 1 0 $2,050 $2,050 Miscellaneous Median Irrigation System Replacement 23,000 SF $0.10 $2,300 1 0 $2,300 $2,300 Miscellaneous Median Irrigation System Replacement 12,500 SF $0.10 $1,250 1 0 $1,250 $1,250 Irrigation Controller 2 EA $15,000 $30,000 15 0 $30,000 $30,000 Street Light - Single Head 29 EA $4,000 $116,000 30 29 $273,362 $9,112 Street Light - Double Head 5 EA $5,500 $27,500 30 29 $64,806 $2,160 *Assumes 3% annual cost increase. Totals $179,100 $46,872 FY 2023-24 Total Target Capital Reserve for Zone 5A: $46,872 LLAD No. 83-2 (ZONE 5A - BUSINESS PARK) CAPITAL REPLACEMENT ANALYSIS I-17
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT LLAD NO. 83-2 BENEFIT ZONE 5B

COMMERCIAL
 5-YEAR FINANCIAL PROJECTIONS
 TREND GRAPH
 CAPITAL REPLACEMENT ANALYSIS
I-18
REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $140 $140 $140 $140 $140 Assessments $49,820 $49,820 $49,820 $49,820 $49,820
General Benefit Contribution $322 $353 $389 $425 $462
TOTAL REVENUES: $50,142 $50,173 $50,209 $50,245 $50,282 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $11,716 $12,302 $12,917 $13,563 $14,241
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $11,616 $14,276 $14,684 $13,587 $14,216 Landscaping, Open Space, and Associated Repairs $1,000 $1,020 $1,040 $1,061 $1,082 Tree Trimming $0 $0 $0 $0 $0
Electricity and Streetlight Repairs $120 $200 $300 $400 $500 Landscape and Facilities Water $0 $0 $0 $0 $0
Assessment Engineering Cost $820 $861 $904 $949 $997
Incidental / Direct Admin Cost $2,200 $3,000 $4,000 $5,000 $6,000 County Fees $267 $267 $267 $267 $267
TOTAL ANNUAL EXPENDITURES: $27,739 $31,926 $34,113 $34,827 $37,303 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Other Capital Improvement Projects $0 $0 $0 $0 $0
TOTAL CIP EXPENDITURES: $0 $0 $0 $0 $0
TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $27,739 $31,926 $34,113 $34,827 $37,303 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 $194,774 $217,177 $235,424 $251,520 $266,938 Reserve Collection Increase/(Decrease) $22,403 $18,247 $16,096 $15,418 $12,978 Ending Balance - Projected June 30 $217,177 $235,424 $251,520 $266,938 $279,916 Recommended Operating Reserves $13,870 $15,963 $17,056 $17,414 $18,652 Available Operating Reserves $13,870 $15,963 $17,056 $17,414 $18,652 Target Capital Reserves $2,287 $2,402 $2,522 $2,648 $2,780 Available Capital Reserves $203,307 $219,461 $234,464 $249,524 $261,265 *EDU = Equivalent Dwelling Unit. Assumes rates will not be increased for FY 2023-24 through 2027-28.

LANDSCAPING AND LIGHTING DISTRICT NO. 1983-2
(ZONE NO. 5B - COMMERCIAL)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
I-19
$217,177 $235,424
$251,520 $266,938
$279,916
$0
$87,500
$175,000
$262,500
$350,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
Landscaping and Lighting Assessment District No. 83-2
Zone 5B (Commercial)
Projected Ending Fund Balance Trend
Zone 5B (Commercial) is generating sufficient assessment revenue to pay for annual operating and maintenance expenditures and is in strong position to continue building reserves for future capital improvement and replacement projects.

The trend graph below assumes the Zone 5B assessment rates will not be increased through Fiscal Year 2027-28.

I-20
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Miscellaneous Roadside Irrigation System Replacement 9,000 SF $0.05 $450 1 0 $450 $450 Miscellaneous Median Irrigation System Replacement 3,300 SF $0.10 $330 1 0 $330 $330 Medians - Concrete Repair 1,000 SF $10 $1,000 50 10 $1,344 $1,075 Street Light - Double Head 1 EA $5,500 $5,500 30 29 $12,961 $432 *Assumes 3% annual cost increase. Totals $7,280 $2,287
FY 2023-24 Total Target Capital Reserve for Zone 5B: $2,287 LLAD No. 83-2 (ZONE 5B - COMMERCIAL PARCELS) CAPITAL REPLACEMENT ANALYSIS I-21
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT LLAD NO. 83-2 BENEFIT ZONE 5C
MISC. PARCELS
 5-YEAR FINANCIAL PROJECTIONS
 TREND GRAPH
I-22
REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $67 $71 $74 $78 $82 Assessments $30,653 $32,186 $33,795 $35,485 $37,259
General Benefit Contribution $180 $192 $221 $250 $280
TOTAL REVENUES: $30,833 $32,378 $34,016 $35,735 $37,539 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $5,858 $6,151 $6,458 $6,781 $7,120
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $14,902 $18,314 $18,838 $17,430 $18,237 Landscaping, Open Space, and Associated Repairs $0 $0 $0 $0 $0 Tree Trimming $0 $0 $0 $0 $0
Electricity and Streetlight Repairs $250 $300 $400 $500 $600 Landscape and Facilities Water $0 $0 $0 $0 $0
Assessment Engineering Cost $820 $861 $904 $949 $997
Incidental / Direct Admin Cost $1,800 $2,000 $3,000 $4,000 $5,000 County Fees $292 $292 $292 $292 $292
TOTAL ANNUAL EXPENDITURES: $23,922 $27,918 $29,892 $29,953 $32,246 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Other Capital Improvement Projects $0 $0 $0 $0 $0
TOTAL CIP EXPENDITURES: $0 $0 $0 $0 $0
TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $23,922 $27,918 $29,892 $29,953 $32,246 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 ($13,801) ($6,890) ($2,430) $1,694 $7,476 Reserve Collection Increase/(Decrease) $6,911 $4,460 $4,124 $5,782 $5,293 Ending Balance - Projected June 30 ($6,890) ($2,430) $1,694 $7,476 $12,768 Recommended Operating Reserves $11,961 $13,959 $14,946 $14,976 $16,123 Available Operating Reserves ($6,890) ($2,430) $1,694 $7,476 $12,768 Target Capital Reserves** $0 $0 $0 $0 $0
Available Capital Reserves $0 $0 $0 $0 $0
*EDU = Equivalent Dwelling Unit. Assumes rates will be increased by 7.5% to the maximum allowable rate for FY 2023-24. **There are no local improvements associated with Benefit Zone 5C and therefore there is no Capital Replacement Analysis required for this Zone. Zone 5C generates revenue to pay for its share of Arterial Roadway landscaping and streetlighting improvements.

LANDSCAPING AND LIGHTING DISTRICT NO. 1983-2
(ZONE 5C - MISC. PARCELS)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
I-23
($6,890)
($2,430)
$1,694
$7,476
$12,768
($10,000)
($5,000)
$0
$5,000
$10,000
$15,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
Landscaping and Lighting Assessment District No. 83-2
Zone 5C (Misc. Parcels)
Projected Ending Fund Balance Trend
Prior to Fiscal Year 17-18, Zone 5C (Misc. Parcels) property owners approved an increase to their LLAD assessment to eliminate the Zone's annual operating and maintenance deficit and cumulative fund deficit. Zone 5C is now generating sufficient revenue to pay annual operating and maintenance expenditures and is expected to begin building reserves in Fiscal Year 2025-26.

The trend graph below assumes the Zone 5C assessment rate will be increased by 7.5% from prior year to the maximum allowable rate for Fiscal Year 2023-24, and projects 5% annual assessment increases through Fiscal Year 2027-28.

I-24
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT LLAD NO. 83-2 BENEFIT ZONE 6

VILLAGE PARKWAY
 5-YEAR FINANCIAL PROJECTIONS
 TREND GRAPH
 CAPITAL REPLACEMENT ANALYSIS
I-25
REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $118 $124 $130 $137 $144 Assessments $97,708 $102,593 $107,723 $113,109 $118,765 General Benefit Contribution $653 $700 $750 $1,041 $1,093 TOTAL REVENUES: $98,361 $103,293 $108,473 $114,150 $119,857 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $18,846 $19,788 $20,778 $21,817 $22,907
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $24,794 $30,470 $31,341 $29,000 $30,343 Landscaping, Open Space, and Associated Repairs $3,000 $3,060 $3,121 $3,184 $3,247 Tree Trimming $0 $0 $0 $12,000 $12,000
Electricity and Streetlight Repairs $6,000 $6,300 $6,700 $7,100 $7,500 Landscape and Facilities Water $3,000 $4,000 $5,000 $6,000 $7,000 Assessment Engineering Cost $820 $861 $904 $949 $997
Incidental / Direct Admin Cost $0 $0 $0 $0 $0
County Fees $982 $982 $982 $982 $982
TOTAL ANNUAL EXPENDITURES: $57,442 $65,461 $68,826 $81,031 $84,976 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Street Light Pole Replacement (10-year loan repayment) $17,637 $17,637 $17,637 $17,637 $17,637 TOTAL CIP EXPENDITURES: $17,637 $17,637 $17,637 $17,637 $17,637 TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $75,079 $83,098 $86,463 $98,668 $102,613 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 ($134,354) ($111,072) ($90,876) ($68,867) ($53,385) Reserve Collection Increase/(Decrease) $23,282 $20,195 $22,009 $15,482 $17,244 Ending Balance - Projected June 30 ($111,072) ($90,876) ($68,867) ($53,385) ($36,141) Recommended Operating Reserves $37,539 $41,549 $43,232 $49,334 $51,306 Available Operating Reserves ($111,072) ($90,876) ($68,867) ($53,385) ($36,141) Target Capital Reserves $55,279 $58,043 $60,945 $63,993 $67,192 Available Capital Reserves $0 $0 $0 $0 $0
*EDU = Equivalent Dwelling Unit. Assumes rates will be increased by 7.5% to the maximum allowable rate for FY 2023-24.

The Westwood Duet development within Zone 6 has a higher maximum allowable assessment rate ($195.67 per EDU for FY 2023-24) because their interior streetlighting is owned and maintained by the City.

LANDSCAPING AND LIGHTING DISTRICT NO. 1983-2
(ZONE NO. 6 - VILLAGE PARKWAY)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
I-26
($111,072)
($90,876)
($68,867)
($53,385) ($36,141)
($120,000)
($90,000)
($60,000)
($30,000)
$0
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
Landscaping and Lighting Assessment District No. 83-2
Zone 6 (Village Parkway)
Projected Ending Fund Balance Trend
Prior to Fiscal Year 2021-22, Zone 6 (Village Parkway) property owners approved an increase to their LLAD assessment to finance the replacement of deteriorated wooden pole streetlights in their neighborhood, restore maintenance service levels, and gradually eliminate the Zone's cumulative fund deficit. Zone 6 is on pace to fully repay the loan for the wooden pole streetlight replacements and is expected to significantly decrease the fund deficit over the next five years.

The trend graph below assumes the Zone 6 assessment rate will be increased by 7.5% from prior year to the maximum allowable rate for Fiscal Year 2023-24, and projects 5% annual assessment increases through Fiscal Year 2027-28.

I-27
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Miscellaneous Median Irrigation System Replacement 8,000 SF $0.10 $800 1 0 $800 $800 Decorative Pavers 1,100 SF $5 $5,500 30 0 $5,500 $5,500 Miscellaneous Median Irrigation System Replacement 10,300 SF $0.10 $1,030 1 0 $1,030 $1,030 Irrigation Controller 2 EA $15,000 $30,000 15 0 $30,000 $30,000 Street Light - Single Head 53 EA $4,000 $212,000 30 29 $499,592 $16,653 Street Light - Double Head 3 EA $5,500 $16,500 30 29 $38,883 $1,296 *Assumes 3% annual cost increase. Totals $265,830 $55,279 FY 2023-24 Total Target Capital Reserve for Zone 6: $55,279 LLAD No. 83-2 (ZONE 6 - VILLAGE PARKWAY) CAPITAL REPLACEMENT ANALYSIS I-28
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT LLAD NO. 83-2 BENEFIT ZONE 7

HEIGHTS
 5-YEAR FINANCIAL PROJECTIONS
 TREND GRAPH
 CAPITAL REPLACEMENT ANALYSIS
I-29
REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $148 $156 $163 $172 $180 Assessments $119,431 $125,403 $131,673 $138,256 $145,169 General Benefit Contribution $745 $779 $818 $857 $897
TOTAL REVENUES: $120,176 $126,182 $132,490 $139,113 $146,066 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $21,305 $22,370 $23,489 $24,663 $25,896
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $32,054 $39,392 $40,519 $37,492 $39,228 Landscaping, Open Space, and Associated Repairs $2,000 $2,040 $2,081 $2,122 $2,165 Tree Trimming $0 $0 $0 $0 $0
Electricity and Streetlight Repairs $12,000 $12,600 $13,300 $14,000 $14,700 Landscape and Facilities Water $0 $0 $0 $0 $0
Assessment Engineering Cost $820 $861 $904 $949 $997
Incidental / Direct Admin Cost $0 $0 $0 $0 $0
County Fees $1,102 $1,102 $1,102 $1,102 $1,102
TOTAL ANNUAL EXPENDITURES: $69,281 $78,365 $81,394 $80,328 $84,088 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Street Light Pole Replacement (10-year loan repayment) $33,867 $33,867 $33,867 $33,867 $33,867 TOTAL CIP EXPENDITURES: $33,867 $33,867 $33,867 $33,867 $33,867 TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $103,148 $112,232 $115,261 $114,195 $117,955 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 $61,734 $78,762 $92,712 $109,941 $134,858 Reserve Collection Increase/(Decrease) $17,028 $13,950 $17,229 $24,918 $28,112 Ending Balance - Projected June 30 $78,762 $92,712 $109,941 $134,858 $162,970 Recommended Operating Reserves $51,574 $56,116 $57,631 $57,098 $58,977 Available Operating Reserves $51,574 $56,116 $57,631 $57,098 $58,977 Target Capital Reserves $40,847 $42,889 $45,034 $47,286 $49,650 Available Capital Reserves $27,188 $36,596 $52,310 $77,760 $103,993 *EDU = Equivalent Dwelling Unit. Assumes rates will be increased by 7.5% to the maximum allowable rate for FY 2023-24.

The Bay Pointe, Bravo, and Caprice developments within Zone 7 have a lower maximum allowable assessment rate ($86.07 per EDU for FY 2023-24) because their interior streetlighting is owned and maintained by an HOA.

LANDSCAPING AND LIGHTING DISTRICT NO. 1983-2
(ZONE NO. 7 - HEIGHTS)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
I-30
$78,762
$92,712
$109,941
$134,858 $162,970
$0
$40,000
$80,000
$120,000
$160,000
$200,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
Landscaping and Lighting Assessment District No. 83-2
Zone 7 (Heights)
Projected Ending Fund Balance Trend
Prior to Fiscal Year 2021-22, Zone 7 (Heights) property owners approved an increase to their LLAD assessment to finance the replacement of deteriorated wooden pole streetlights in their neighborhood. Zone 7 is on pace to fully repay the loan for the wooden pole streetlight replacements and is in strong position to build reserves for future capital improvement and replacement projects.

The trend graph below assumes the Zone 7 assessment rate will be increased by 7.5% from prior year to the maximum allowable rate for Fiscal Year 2023-24, and projects 5% annual assessment increases through Fiscal Year 2027-28.

I-31
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Street Light - Single Head 130 EA $4,000 $520,000 30 29 $1,225,414 $40,847 *Assumes 3% annual cost increase. Totals $520,000.00 $40,847 FY 2023-24 Total Target Capital Reserve for Zone 7: $40,847 LLAD No. 83-2 (ZONE 7 - HEIGHTS) CAPITAL REPLACEMENT ANALYSIS I-32
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT LLAD NO. 83-2 BENEFIT ZONE 8

TREES AND FLOWERS
 5-YEAR FINANCIAL PROJECTIONS
 TREND GRAPH
 CAPITAL REPLACEMENT ANALYSIS
I-33
REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $125 $132 $138 $145 $152 Assessments $200,889 $210,934 $221,481 $232,555 $244,182 General Benefit Contribution $2,269 $2,378 $2,490 $2,608 $2,729 TOTAL REVENUES: $203,158 $213,312 $223,971 $235,163 $246,911 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $21,335 $22,402 $23,522 $24,698 $25,933
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $52,304 $64,278 $66,117 $61,177 $64,010 Landscaping, Open Space, and Associated Repairs $27,000 $27,540 $28,091 $28,653 $29,226 Tree Trimming $0 $0 $0 $0 $0
Electricity and Streetlight Repairs $55,000 $57,800 $60,700 $63,800 $67,000 Landscape and Facilities Water $8,000 $9,000 $10,000 $11,000 $12,000 Assessment Engineering Cost $820 $861 $904 $949 $997
Incidental / Direct Admin Cost $0 $0 $0 $0 $0
County Fees $1,299 $1,299 $1,299 $1,299 $1,299
TOTAL ANNUAL EXPENDITURES: $165,758 $183,179 $190,632 $191,576 $200,464 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Other Capital Improvement Projects $0 $0 $0 $0 $0
TOTAL CIP EXPENDITURES: $0 $0 $0 $0 $0
TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $165,758 $183,179 $190,632 $191,576 $200,464 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 $241,585 $278,986 $309,119 $342,457 $386,044 Reserve Collection Increase/(Decrease) $37,401 $30,133 $33,338 $43,587 $46,448 Ending Balance - Projected June 30 $278,986 $309,119 $342,457 $386,044 $432,491 Recommended Operating Reserves $82,879 $91,590 $95,316 $95,788 $100,232 Available Operating Reserves $82,879 $91,590 $95,316 $95,788 $100,232 Target Capital Reserves $209,674 $220,158 $231,166 $242,724 $254,860 Available Capital Reserves $196,107 $217,529 $247,141 $290,256 $332,259 *EDU = Equivalent Dwelling Unit. Assumes rates will be increased by CPI (5.3%) for FY 2023-24.

LANDSCAPING AND LIGHTING DISTRICT NO. 1983-2
(ZONE NO. 8 - TREES AND FLOWERS)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
I-34
$278,986
$309,119
$342,457 $386,044
$432,491
$0
$125,000
$250,000
$375,000
$500,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
Landscaping and Lighting Assessment District No. 83-2
Zone 8 (Trees and Flowers)
Projected Ending Fund Balance Trend
Zone 8 (Trees and Flowers) is generating sufficient assessment revenue to pay for annual operating and maintenance expenditure s and is in strong position to continue building reserves for future capital improvement and replacement projects.

The trend graph below assumes the Zone 8 assessment rate will be increased by the applicable annual change in the Consumer Price Index (5.3%) from prior year, and projects 5% annual assessment increases through Fiscal Year 2027-28.

I-35
Beechnut Park - LLAD 83-2 (Zone 8)
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Benches - Wood 2 EA $1,000 $2,000 10 0 $2,000.00 $2,000.00 Miscellaneous Irrigation System Replacement 10,000 SF $0.05 $500 1 0 $500.00 $500.00 Irrigation Controller 1 EA $15,000 $15,000 15 0 $15,000.00 $15,000.00 Park Lighting - Wood Pole with glass head 1 EA $1,600 $1,600 20 0 $1,600.00 $1,600.00 Asphalt Resurface 7,000 SF $5 $35,000 30 0 $35,000.00 $35,000.00 Swing Set - with Sand Surface 1 EA $6,500 $6,500 20 0 $6,500.00 $6,500.00 Trash Cans - Concrete with Plastic Tops 1 EA $750 $750 30 0 $750.00 $750.00 Pathway - Concrete Repair 1,100 SF $10 $1,100 50 10 $1,478.31 $1,182.65 *Assumed 3% annual cost increase. Totals $62,450.00 $62,532.65 Landscaping & Lighting - LLAD 83-2 (Zone 8)
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Irrigation Controller 6 EA $15,000 $90,000 15 0 $90,000 $90,000 Miscellaneous Cul-de-Sac Irrigation System Replacement 31,200 SF $0.10 $3,120 1 0 $3,120 $3,120 Cul-de-Sac - Concrete Repair 31,200 SF $10 $31,200 50 10 $41,930 $33,544 Miscellaneous Median Irrigation System Replacement 3,350 SF $0.10 $335 1 0 $335 $335 Medians - Concrete Repair 3,350 SF $10 $3,350 50 10 $4,502 $3,602 Miscellaneous Median Irrigation System Replacement 4,450 SF $0.10 $445 1 0 $445 $445 Medians - Concrete Repair 4,450 SF $10 $4,450 50 10 $5,980 $4,784 Street Light - Single Head 36 EA $4,000 $144,000 30 29 $339,345 $11,312 *Assumes 3% annual cost increase. Totals $276,900 $147,142 FY 2023-24 Total Target Capital Reserve for Zone 8: $209,674 LLAD No. 83-2 (ZONE 8 - TREES AND FLOWERS) CAPITAL REPLACEMENT ANALYSIS I-36
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT LLAD NO. 83-2 BENEFIT ZONE 9

BIRDS AND COUNTRY RUN
 5-YEAR FINANCIAL PROJECTIONS
 TREND GRAPH
 CAPITAL REPLACEMENT ANALYSIS
I-37
REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $111 $116 $122 $128 $135 Assessments $94,006 $98,706 $103,641 $108,823 $114,264
General Benefit Contribution $1,153 $1,226 $1,302 $1,382 $1,464 TOTAL REVENUES: $95,158 $99,932 $104,944 $110,205 $115,729 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $18,888 $19,832 $20,824 $21,865 $22,958
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $27,695 $34,035 $35,009 $32,393 $33,893 Landscaping, Open Space, and Associated Repairs $4,000 $4,080 $4,162 $4,245 $4,330 Tree Trimming $0 $0 $0 $0 $0
Electricity and Streetlight Repairs $31,000 $32,600 $34,300 $36,100 $38,000 Landscape and Facilities Water $2,000 $3,000 $4,000 $5,000 $6,000 Assessment Engineering Cost $820 $861 $904 $949 $997
Incidental / Direct Admin Cost $0 $0 $0 $0 $0
County Fees $925 $925 $925 $925 $925
TOTAL ANNUAL EXPENDITURES: $85,328 $95,333 $100,123 $101,477 $107,103 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Other Capital Improvement Projects $0 $0 $0 $0 $0
TOTAL CIP EXPENDITURES: $0 $0 $0 $0 $0
TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $85,328 $95,333 $100,123 $101,477 $107,103 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 $9,778 $19,608 $24,207 $29,028 $37,755 Reserve Collection Increase/(Decrease) $9,831 $4,599 $4,820 $8,728 $8,626 Ending Balance - Projected June 30 $19,608 $24,207 $29,028 $37,755 $46,381 Recommended Operating Reserves $42,664 $47,667 $50,062 $50,739 $53,551 Available Operating Reserves $19,608 $24,207 $29,028 $37,755 $46,381 Target Capital Reserves $53,913 $56,609 $59,440 $62,412 $65,532 Available Capital Reserves $0 $0 $0 $0 $0
*EDU = Equivalent Dwelling Unit. Assumes rates will be increased by 7.5% to the maximum allowable rate for FY 2023-24.

LANDSCAPING AND LIGHTING DISTRICT NO. 1983-2
(ZONE NO. 9 - BIRDS AND COUNTRY RUN)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
I-38
$19,608
$24,207
$29,028
$37,755 $46,381
$0
$15,000
$30,000
$45,000
$60,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
Landscaping and Lighting Assessment District No. 83-2
Zone 9 (Birds and Country Run)
Projected Ending Fund Balance Trend
Prior to Fiscal Year 18-19, Zone 9 (Birds and Country Run) property owners approved an increase to their LLAD assessment to eliminate the Zone's annual operating and maintenance deficit and cumulative fund deficit. Zone 9 is now generating sufficient assessment revenue to pay annual operating and maintenance expenditures and is expected to continue building reserves.

The trend graph below assumes the Zone 9 assessment rate will be increased by 7.5% from prior year to the maximum allowable rate for Fiscal Year 2023-24, and projects 5% annual assessment increases through Fiscal Year 2027-28.

I-39
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Miscellaneous Median Irrigation System Replacement 1,500 SF $0.10 $150 1 0 $150 $150 Medians - Concrete Repair 500 SF $10 $500 50 10 $672 $538 Miscellaneous Cul-de-Sac Irrigation System Replacement 7,000 SF $0.10 $700 1 0 $700 $700 Irrigation Controller 3 EA $15,000 $45,000 15 0 $45,000 $45,000 Cul-de-Sac - Concrete Repair 7,000 SF $10 $7,000 50 10 $9,407 $7,526 *Assumes 3% annual cost increase. Totals $53,350 $53,913 FY 2023-24 Total Target Capital Reserve for Zone 9: $53,913 LLAD No. 83-2 (ZONE 9 - BIRDS AND COUNTRY RUN) CAPITAL REPLACEMENT ANALYSIS I-40
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT LLAD NO. 83-2 BENEFIT ZONE 10

CITYWIDE PARKS
 5-YEAR FINANCIAL PROJECTIONS
 TREND GRAPH
I-41
REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $150 $157 $165 $173 $182 Assessments $1,231,584 $1,293, 164 $1,357,822 $1,425,713 $1,496,998 Transfers from LLAD Zones 1 and 7 (Repayment for Street Lights) $54,126 $54,126 $54,126 $54,126 $54,126 General Benefit Contribution $23,508 $25,801 $26,626 $28,394 $27,809 TOTAL REVENUES: $1,309,219 $1,373,090 $1,438,573 $1,508,233 $1,578,933 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $387,997 $407,397 $427,767 $449,155 $471,613
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $0 $0 $0 $0 $0 Landscaping, Open Space, and Associated Repairs $360,000 $367,200 $374,544 $382,035 $389,676 Tree Trimming $0 $60,000 $50,000 $85,000 $0
Electricity and Streetlight Repairs $25,000 $26,300 $27,700 $29,100 $30,600 Landscape and Facilities Water $170,000 $185,000 $195,000 $205,000 $216,000 Assessment Engineering Cost $2,460 $2,583 $2,712 $2,848 $2,990 Incidental / Direct Admin Cost $223,400 $235,000 $247,000 $260,000 $273,000 County Fees $6,565 $6,565 $6,565 $6,565 $6,565
TOTAL ANNUAL EXPENDITURES: $1,175,422 $1,290,045 $1,331,288 $1,419,703 $1,390,444 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $100,000 $50,000 $50,000 $50,000 $50,000 Other Capital Improvement Projects $60,000 $50,000 $50,000 $50,000 $50,000 TOTAL CIP EXPENDITURES: $160,000 $100,000 $100,000 $100,000 $100,000 TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $1,335,422 $1,390,045 $1,431,288 $1,519,703 $1,490,444 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 $167,754 $141,551 $124,596 $131,882 $120,412 Reserve Collection Increase/(Decrease) ($26,203) ($16,954) $7,286 ($11,470) $88,490 Ending Balance - Projected June 30 $141,551 $124,596 $131,882 $120,412 $208,902 Recommended Operating Reserves $667,711 $695,022 $715,644 $759,851 $745,222 Available Operating Reserves $141,551 $124,596 $131,882 $120,412 $208,902 Target Capital Reserves** $0 $0 $0 $0 $0
Available Capital Reserves $0 $0 $0 $0 $0
*EDU = Equivalent Dwelling Unit. Assumes rates will be increased by 7.5% to the maximum allowable rate for FY 2023-24. **The replacement of existing park improvements associated with LLAD 83-2 Benefit Zone 10 (Citywide Parks) and projects in the Parks Master Plan are intended to be funded with grants and other funding sources that become available, to the extent possible. Therefore, there is no Zone 10 Capital Replacement Analysis included in this report.

LANDSCAPING AND LIGHTING ASSESSMENT DISTRICT NO. 83-2
(ZONE NO. 10 - CITYWIDE PARKS)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
I-42
$141,551
$124,596 $131,882 $120,412
$208,902
$0
$60,000
$120,000
$180,000
$240,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
Landscaping and Lighting Assessment District No. 83-2
Zone 10 (Citywide Parks)
Projected Ending Fund Balance Trend
Zone 10 (Citywide Parks) is generating sufficient assessment revenue to pay for annual operating and maintenance expenditures. At the current assessment rates, major capital improvement projects will need to be funded with grants or other alternative funding sources.

The trend graph below assumes the Zone 10 assessment rate will be increased by 7.5% from prior year to the maximum allowable rate for Fiscal Year 2023-24, and projects 5% annual assessment increases through Fiscal Year 2027-28.

I-43
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT SECTION II II-1
SE

CTION II
LL
AD NO. 2002-1

VICTORIA BY THE BAY
5-

YEAR FINANCIAL PROJECTIONS, TREND GRAPH, AND

CAPITAL REPLACEMENT ANALYSIS

REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $603 $633 $665 $698 $733 Assessments $508,538 $533,965 $560,663 $588,696 $618,131 General Benefit Contribution $12,048 $12,720 $13,296 $13,840 $14,432 TOTAL REVENUES: $520,585 $546,684 $573,959 $602,536 $632,563

ESTIMATED ANNUAL EXPENDITURES
Personnel $100,632 $105,664 $110,947 $116,494 $122,319
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $27,554 $33,862 $34,831 $32,229 $33,721 Landscaping, Open Space, and Associated Repairs $168,000 $171,360 $174,787 $178,283 $181,849 Tree Trimming $27,000 $27,000 $30,000 $30,000 $30,000
Electricity and Streetlight Repairs $16,000 $16,800 $17,700 $18,600 $19,600 Landscape and Facilities Water $250,000 $272,000 $286,000 $301,000 $317,000 Supplies and Vehicle Repairs $0 $0 $0 $0 $0
Assessment Engineering Cost $4,100 $4,305 $4,520 $4,746 $4,984 Incidental / Direct Admin Cost $35,800 $38,000 $40,000 $42,000 $45,000 County Fees $854 $854 $854 $854 $854
TOTAL ANNUAL EXPENDITURES: $629,940 $669,845 $699,639 $724,206 $755,326

CAPITAL IMPROVEMENT PROJECTS (CIP)
Tree Replacement $0 $0 $0 $0 $0
Other Capital Improvement Projects $0 $0 $0 $0 $0
TOTAL CIP EXPENDITURES: $0 $0 $0 $0 $0

TOTAL EXPENDITURES
TOTAL ANNUAL AND CIP EXPENDITURES: $629,940 $669,845 $699,639 $724,206 $755,326

FUND BALANCE INFORMATION
Beginning Balance - July 1 ($358,132) ($467,487) ($590,647) ($716,328) ($837,998) Reserve Collection Increase/(Decrease) ($109,355) ($123,161) ($125,680) ($121,671) ($122,763) Ending Balance - Projected June 30 ($467,487) ($590,647) ($716,328) ($837,998) ($960,762) Recommended Operating Reserves $314,970 $334,922 $349,820 $362,103 $377,663 Available Operating Reserves ($467,487) ($590,647) ($716,328) ($837,998) ($960,762) Target Capital Reserves (Based on attached Capital Replacement Analysis) $321,143 $337,200 $354,060 $371,763 $390,351 Available Capital Reserves $0 $0 $0 $0 $0
*EDU = Equivalent Dwelling Unit. Assumes rates will be increased by 7.5% to the maximum allowable rate for FY 2023-24.

LANDSCAPING AND LIGHTING ASSESSMENT DISTRICT NO. 2002-1 (VICTORIA BY THE BAY)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
II-2
($467,487)
($590,647)
($716,328)
($837,998) ($960,762)
($1,000,000)
($800,000)
($600,000)
($400,000)
($200,000)
$0
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
LLAD No. 2002-1 (Victoria by the Bay)
Projected Ending Fund Balance Trend
Extreme drought conditions over the last several years have required a significant increase in irrigation watering to keep landscaping alive and healthy. Additionally, East Bay Municipal Utility District water rates have increased 46% over the last five years. As a result, water costs have increased dramatically for LLAD maintained areas. Additionally, trees in the new urbanist developments north of I-80 have matured, both in height and width, such that they now need to be pruned regularly by a contract tree trimming company. This is new, additional work is beyond the scope of the current landscaping contract and is an additional cost to the LLADs. The Victoria by the Bay LLAD has been most impacted by these increases in cost and is experiencing a rapidly increasing operating and fund deficit, which is expected to continue at the current levels of service.

The trend graph below assumes the LLAD 2002-1 assessment rate will be increased by 7.5% from prior year to the maximum allowable rate for Fiscal Year 2023-24, and projects 5% annual assessment increases through Fiscal Year 2027-28.

II-3
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Miscellaneous Roadside Irrigation System Replacement 150,000 SF $0.05 $7,500 1 0 $7,500 $7,500 Irrigation Controller 16 EA $15,000 $240,000 15 0 $240,000 $240,000 Street Light - Single Head 233 EA $4,000 $932,000 30 29 $2,196,319 $73,211 Street Light - Double Head 1 EA $5,500 $5,500 30 29 $12,961 $432 *Assumes 3% annual cost increase. Totals $1,185,000.00 $321,143 FY 2023-24 Total Target Capital Reserve for LLAD 2002-1: $321,143 LLAD No. 2002-1 (VICTORIA BY THE BAY) CAPITAL REPLACEMENT ANALYSIS II-4
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT SECTION III III-1
SE

CTION III
LL
AD NO. 2002-2

PROMENADE
5-

YEAR FINANCIAL PROJECTIONS, TREND GRAPH, AND

CAPITAL REPLACEMENT ANALYSIS

REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $759 $797 $837 $879 $922 Assessments $174,570 $183,298 $192,463 $202,086 $212,191 General Benefit Contribution $4,414 $4,638 $4,887 $5,079 $5,274 TOTAL REVENUES: $178,984 $187,936 $197,350 $207,165 $217,465 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $47,829 $50,220 $52,731 $55,368 $58,136
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $7,513 $9,233 $9,497 $8,787 $9,194 Landscaping, Open Space, and Associated Repairs $54,000 $55,080 $56,182 $57,305 $58,451 Tree Trimming $27,000 $27,000 $30,000 $30,000 $30,000
Electricity and Streetlight Repairs $12,000 $12,600 $13,300 $14,000 $14,700 Landscape and Facilities Water $62,000 $68,000 $72,000 $76,000 $80,000 Supplies and Vehicle Repairs $0 $0 $0 $0 $0
Assessment Engineering Cost $2,460 $2,583 $2,712 $2,848 $2,990 Incidental / Direct Admin Cost $15,000 $16,000 $17,000 $18,000 $19,000 County Fees $421 $421 $421 $421 $421
TOTAL ANNUAL EXPENDITURES: $228,223 $241,137 $253,843 $262,729 $272,893 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Other Capital Improvement Projects $0 $0 $0 $0 $0
TOTAL CIP EXPENDITURES: $0 $0 $0 $0 $0
TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $228,223 $241,137 $253,843 $262,729 $272,893 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 $139,453 $90,214 $37,014 ($19,479) ($75,043) Reserve Collection Increase/(Decrease) ($49,239) ($53,201) ($56,493) ($55,564) ($55,428) Ending Balance - Projected June 30 $90,214 $37,014 ($19,479) ($75,043) ($130,472) Recommended Operating Reserves $114,111 $120,569 $126,921 $131,365 $136,447 Available Operating Reserves $90,214 $37,014 ($19,479) ($75,043) ($130,472) Target Capital Reserves $130,423 $136,944 $143,791 $150,981 $158,530 Available Capital Reserves $0 $0 $0 $0 $0
*EDU = Equivalent Dwelling Unit. Assumes rates will be increased by 7.5% to the maximum allowable rate for FY 2023-24.

LANDSCAPING AND LIGHTING DISTRICT NO. 2002-2
(PROMENADE)
5-YEAR PROJECTION THROUGH FISCAL YEAR 2027-28
III-2
$90,214
$37,014
($19,479)
($75,043)
($130,472)
($150,000)
($100,000)
($50,000)
$0
$50,000
$100,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
LLAD No. 2002-2 (Promenade)
Projected Ending Fund Balance Trend
Extreme drought conditions over the last several years have required a significant increase in irrigation watering to keep landscaping alive and healthy. Additionally, East Bay Municipal Utility District water rates have increased 46% over the last five years. As a result, water costs have increased dramatically for LLAD maintained areas. Additionally, trees in the new urbanist developments north of I-80 have matured, both in height and width, such that they now need to be pruned regularly by a contract tree trimming company. This is new, additional work is beyond the scope of the current landscaping contract and is an additional cost to the LLADs. The Promenade LLAD has been significantly impacted by these increases in cost and is experiencing an annual operating deficit which is expected to continue at the current levels of service.

The trend graph below assumes the LLAD 2002-2 assessment rate will be increased by 7.5% from prior year to the maximum allowable rate for Fiscal Year 2023-24, and projects 5% annual assessment increases through Fiscal Year 2027-28.

III-3
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Miscellaneous Roadside Irrigation System Replacement 50,000 SF $0.05 $2,500 1 0 $2,500 $2,500 Miscellaneous Median Irrigation System Replacement 4,500 SF $0.10 $450 1 0 $450 $450 Irrigation Controller 5 EA $15,000 $75,000 15 0 $75,000 $75,000 Street Light - Single Head 167 EA $4,000 $668,000 30 29 $1,574,186 $52,473 *Assumes 3% annual cost increase. Totals $745,950.00 $130,423 FY 2023-24 Total Target Capital Reserve for LLAD 2002-2: $130,423 LLAD No. 2002-2 (PROMENADE) CAPITAL REPLACEMENT ANALYSIS III-4
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT SECTION IV IV-1
SE

CTION IV
LL
AD NO. 2004-1

BAYWOOD
5-

YEAR FINANCIAL PROJECTIONS, TREND GRAPH, AND

CAPITAL REPLACEMENT ANALYSIS

REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $2,048 $2,151 $2,258 $2,371 $2,490 Assessments $166,246 $174,558 $183,286 $192,451 $202,073 General Benefit Contribution $3,030 $3,182 $3,355 $3,490 $3,628 TOTAL REVENUES: $169,277 $177,741 $186,641 $195,941 $205,702 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $44,951 $47,199 $49,558 $52,036 $54,638
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $2,651 $3,257 $3,351 $3,100 $3,244 Landscaping, Open Space, and Associated Repairs $41,000 $41,820 $42,656 $43,510 $44,380 Tree Trimming $12,000 $12,000 $14,000 $14,000 $14,000
Electricity and Streetlight Repairs $4,000 $4,200 $4,500 $4,800 $5,100 Landscape and Facilities Water $32,000 $35,000 $37,000 $39,000 $41,000 Supplies and Vehicle Repairs $0 $0 $0 $0 $0
Assessment Engineering Cost $2,460 $2,583 $2,712 $2,848 $2,990 Incidental / Direct Admin Cost $14,800 $16,000 $17,000 $18,000 $19,000 County Fees $311 $311 $311 $311 $311
TOTAL ANNUAL EXPENDITURES: $154,173 $162,370 $171,089 $177,605 $184,663 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement (10-year loan repayment) $14,700 $14,700 $14,700 $14,700 $14,700 Other Capital Improvement Projects $0 $0 $0 $0 $0
TOTAL CIP EXPENDITURES: $14,700 $14,700 $14,700 $14,700 $14,700 TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $168,873 $177,070 $185,789 $192,305 $199,363 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 $87,505 $87,909 $88,579 $89,432 $93,068 Reserve Collection Increase/(Decrease) $404 $671 $852 $3,636 $6,339 Ending Balance - Projected June 30 $87,909 $88,579 $89,432 $93,068 $99,406 Recommended Operating Reserves $84,436 $88,535 $92,894 $96,152 $99,681 Available Operating Reserves $84,436 $88,535 $89,432 $93,068 $99,406 Target Capital Reserves $280,191 $294,201 $308,911 $324,356 $340,574 Available Capital Reserves $3,472 $44 $0 $0 $0
*EDU = Equivalent Dwelling Unit. Assumes rates will be increased by 7.5% over the FY 2022-23 Applied rate for FY 2023-24.

The FY 2023-24 Maximum Rate = $2,806.57
LANDSCAPING AND LIGHTING DISTRICT NO. 2004-1
(BAYWOOD)
5-YEAR PROJECTION WITH PROPOSED ASSESSMENT INCREASE
IV-2
$87,909 $88,579 $89,432
$93,068
$99,406
$80,000
$85,000
$90,000
$95,000
$100,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
LLAD No. 2004-1 (Baywood)
Projected Ending Fund Balance Trend
Historically, the Baywood LLAD properties have been assessed well below their maximum assessment rates. The assessment rates for this LLAD will need to be increased by 7.5% for Fiscal Year 2023-24 to generate sufficient revenue to keep up with inflationary cost increases, repay a loan for the replacement of trees that were a safety hazard for the neighborhood, and to perform regular tree pruning.

The trend graph below assumes the LLAD 2004-1 Fiscal Year 2023-24 assessment rate will be increased by 7.5% over the Fiscal Year 2022-23 Applied Rate, and projects 5% annual assessment increases through Fiscal Year 2027-28. These proposed assessment rates are well below the maximum allowable assessment rates for LLAD 2004-1.

IV-3
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Remaining Life
(yrs)
Recommended Capital Reserve* at
the end of Useful Life
Target Capital
Reserve for FY 2023-24
Street Light - Single Head 37 EA $4,000 $152,000 30 29 $358,198 $11,940 Fencing - Wood 1,850 LF $15 $27,750 30 11 $38,412 $24,328 Decorative Pavers 45,000 SF $5 $225,000 30 11 $311,453 $197,253 Irrigation Controller 3 EA $15,000 $45,000 15 0 $45,000 $45,000 Miscellaneous Median Irrigation System Replacement 3,200 SF $0.10 $320 1 0 $320 $320 Miscellaneous Roadside Irrigation System Replacement 27,000 SF $0.05 $1,350 1 0 $1,350 $1,350 *Assumes 3% annual cost increase. Totals $451,420.00 $280,191 FY 2023-24 Total Target Capital Reserve for LLAD 2004-1: $280,191 LLAD No. 2004-1 (BAYWOOD) CAPITAL REPLACEMENT ANALYSIS
IV-4
5-YEAR FINANCIAL PROJECTIONS ANALYSIS AND FINDINGS REPORT SECTION V V-1

SECTION V
LLAD NO. 2005-1

BAYSIDE
5-YEAR FINANCIAL PROJECTIONS, TREND GRAPH, AND

CAPITAL REPLACEMENT ANALYSIS

REVENUES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Assessment Rates per EDU (Single-Family Home Equivalent)* $277 $290 $305 $320 $336 Assessments $159,093 $167,048 $175,401 $184,171 $193,379 General Benefit Contribution $2,611 $2,739 $2,873 $3,010 $3,149 TOTAL REVENUES: $161,705 $169,787 $178,274 $187,180 $196,528 ESTIMATED ANNUAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Personnel $35,375 $37,144 $39,001 $40,951 $42,999
Transfer for Arterials/Major Roads Landscape and Lighting Maintenance $18,789 $23,090 $23,751 $21,977 $22,994 Landscaping, Open Space, and Associated Repairs $50,000 $51,000 $52,020 $53,060 $54,122 Tree Trimming $0 $0 $0 $0 $0
Electricity and Streetlight Repairs $12,000 $12,600 $13,300 $14,000 $14,700 Landscape and Facilities Water $20,000 $22,000 $24,000 $26,000 $28,000 Supplies and Vehicle Repairs $0 $0 $0 $0 $0
Assessment Engineering Cost $2,460 $2,583 $2,712 $2,848 $2,990 Incidental / Direct Admin Cost $10,100 $11,000 $12,000 $13,000 $14,000 County Fees $618 $618 $618 $618 $618
TOTAL ANNUAL EXPENDITURES: $149,342 $160,035 $167,402 $172,454 $180,423 CAPITAL IMPROVEMENT PROJECTS (CIP) FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Tree Replacement $0 $0 $0 $0 $0
Other Capital Improvement Projects $0 $0 $0 $0 $0
TOTAL CIP EXPENDITURES: $0 $0 $0 $0 $0
TOTAL EXPENDITURES FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 TOTAL ANNUAL AND CIP EXPENDITURES: $149,342 $160,035 $167,402 $172,454 $180,423 FUND BALANCE INFORMATION FY 2023-24 FY 2024-25 FY 2025-26 FY 2026-27 FY 2027-28 Beginning Balance - July 1 $146,456 $158,818 $168,570 $179,442 $194,168 Reserve Collection Increase/(Decrease) $12,362 $9,752 $10,871 $14,726 $16,105 Ending Balance - Projected June 30 $158,818 $168,570 $179,442 $194,168 $210,273 Recommended Operating Reserves $74,671 $80,018 $83,701 $86,227 $90,211 Available Operating Reserves $74,671 $80,018 $83,701 $86,227 $90,211 Target Capital Reserves $200,452 $210,475 $220,998 $232,048 $243,651 Available Capital Reserves $84,147 $88,553 $95,740 $107,941 $120,062 *EDU = Equivalent Dwelling Unit. Assumes rates will be increased by 7.5% to the maximum allowable rate for FY 2023-24.

LANDSCAPING AND LIGHTING DISTRICT NO. 2005-1
(BAYSIDE)
5-YEAR PROJECTION WITH PROPOSED ASSESSMENT INCREASE
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$158,818 $168,570
$179,442
$194,168
$210,273
$0
$60,000
$120,000
$180,000
$240,000
FY 2023-24
(June 30, 2024)
FY 2024-25
(June 30, 2025)
FY 2025-26
(June 30, 2026)
FY 2026-27
(June 30, 2027)
FY 2027-28
(June 30, 2028)
LLAD No. 2005-1 (Bayside)
Projected Ending Fund Balance Trend
LLAD No. 2005-1 (Bayside) is generating sufficient assessment revenue to pay for annual operating and maintenance expenditures and is in strong position to continue building reserves for future capital improvement and replacement projects. Trees and planter strips for LLAD No. 2005-1 (Bayside) are maintained by an HOA.

The trend graph below assumes the LLAD 2005-1 assessment rate will be increased by 7.5% from prior year to the maximum allowable rate for Fiscal Year 2023-24, and projects 5% annual assessment increases through Fiscal Year 2027-28.

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Bayside Park - LLAD 2005-1 (Bayside)
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Calculation
Year
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Recommended Capital Reserve at
the end of Useful Life
Target Capital
Reserve for FY 2023-24
Benches - Steel/Dumor Inc. 10 EA $1,000 $10,000.00 30 2006 13 $14,685 $14,685 $8,321.69 Drinking Fountain - Steel/Wall Attached 1 EA $1,500 $1,500.00 20 2006 3 $1,639 $1,639 $1,393.23 Gazebo - Steel 1 EA $7,500 $7,500.00 40 2006 23 $14,802 $14,802 $6,290.81 Miscellaneous Irrigation System Replacement 21,600 SF $0.05 $1,080.00 1 2006 0 $1,080 $1,080 $1,080.00 Irrigation Controller 2 EA $15,000 $30,000.00 15 2006 0 $30,000 $30,000 $30,000.00 Park Lighting - Decorative 8 EA $2,000 $16,000.00 25 2006 8 $20,268 $20,268 $13,782.46 Playground (Ages 5-12) - Miracle 1 EA $40,000 $40,000.00 20 2006 3 $43,709 $43,709 $37,152.72 Bathroom - Refurbish 2 EA $10,000 $20,000.00 20 2006 3 $21,855 $21,855 $18,576.36 Tot-Lot - Miracle 1 EA $20,000 $20,000.00 20 2006 3 $21,855 $21,855 $18,576.36 Pathway - Concrete Repair* 3,900 SF $10 $3,900.00 50 2006 33 $10,344 $10,344 $3,517.00 Trash Cans - Plastic Coated Steel 3 EA $750 $2,250.00 25 2006 8 $2,850 $2,850 $1,938.16 Toy Structures - Steel/Plastic 2 EA $1,500 $3,000.00 15 2006 0 $3,000 $3,000 $3,000.00 Columns - Brick Masonry 6 EA $500 $3,000.00 50 2006 33 $7,957 $7,957 $2,705.38 Fencing - Steel 215 LF $25 $5,375.00 30 2006 13 $7,893 $7,893 $4,472.91 Totals $201,937.52 $150,807.07
Landscaping & Lighting - LLAD 2005-1 (Bayside)
Inventory Item Quantity
Unit of
Measure
Current Unit Cost
(In 2023 dollars)
Total Cost
(In 2023 dollars)
Useful Life
(Yrs)
Calculation
Year
Remaining Life
(yrs)
Recommended Capital Reserve*
at the end of Useful Life
Recommended Capital Reserve*
at the end of Useful Life
Target Capital
Reserve for FY 2023-24
Street Light - Single Head 158 EA $4,000. 00 $632,000.00 30 2022 29 $1,489,349.40 $1,489,349.40 $49,644.98 *Assumes 3% annual cost increase. Totals $1,489,349.40 $49,644.98 FY 2023-24 Total Target Capital Reserve for LLAD 2005-1: $200,452.05 LLAD No. 2005-1 (BAYSIDE) CAPITAL REPLACEMENT ANALYSIS
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