CITY OF LATHROP
STONEBRIDGE MAINTENANCE DISTRICT
ANNUAL ASSESSMENTS
June 13, 2022Item No. 5.2
OVERVIEW
1. Maintenance Districts
• Fiscal Assessment (by district)
2. Conduct Public Hearing
• Approve Fiscal Year 2022/23 Assessment of Stonebridge Maintenance Districts 2 FISCAL ASSESSMENT – BY DISTRICT
Stonebridge Landscape
• Established in 1999 to support the maintenance, operations, and services of the Stonebridge Landscaping District.
• Rate unchanged between Fiscal Year 2014/15 through 2018/19 to provide relief to homeowners due to the Great Recession. • 5% annual escalator (Proposed assessment of $370.48 – max assessment is $483.76)
3 Stonebridge Landscape
Beginning Fund Balance: $ 24,651
Assessment Revenues 333,803Assessment Expenses (347,423)General Benefit Contribution (GF) 5,160Park Rentals 1,000 Ending Fund Balance: $ 17,190
Major Expense Categories: Maintenance & Repairs Landscaping Contracted Services Water & Electric Charges For FY 22/23, General Fund contribution of $5,160 is needed.
FISCAL ASSESSMENT – BY DISTRICT
Stonebridge Drainage and Lighting District
• Established in 1999 to support the maintenance,
operations, and services of the Stonebridge Drainage and Lighting Improvements. • Rate unchanged between Fiscal Year 2014/15 through
2018/19 to provide relief to homeowners due to the Great Recession. • 5% annual escalator (Proposed assessment of $300.24
– max assessment is $483.76).
4 Stonebridge Drainage and Lighting Revenues
Beginning Fund Balance: $ 317,496
Assessment Revenues 270,516Assessment Expenses (370,990)General Benefit Contribution (GF) 5,160 Ending Fund Balance: $ 222,182
For FY 22/23, General Fund contribution of $5,160 is needed.
NEXT STEPS
City Council’s Action:
• Hold a Public Hearing;• Approve Fiscal Year 2022/23 Assessment of Stonebridge Maintenance District 5 District
FY 21/22
Actual Rates
FY 22/23
Proposed Rates Change Notes
Stonebridge Landscape $ 322.16 $ 370.48 $ 48.32 Max assessment $483.76Stonebridge Drainage & Lighting $ 272.94 $ 300.24 $ 27.30 Max assessment $483.76