CITY OF LATHROP
WOODFIELD MAINTENANCE DISTRICT
ANNUAL ASSESSMENTS
June 13, 2022
Item No. 5.3
OVERVIEW
1. Maintenance Districts
• Fiscal Assessment (by district)
2. Conduct Public Hearing
• Approve Fiscal Year 2022/23 Assessment of Woodfield Maintenance Districts 2 FISCAL ASSESSMENT – BY DISTRICT
Woodfield Landscape
• Supports the ongoing maintenance and operations of specific park improvements within the Woodfield area.
• Rate unchanged since FY1998/99 – District created without an escalator.
Woodfield District is proposed to be levied at a rate of $123.90 per Equivalent Dwelling Unit (EDU). The assessment rate of $123.90 per EDU has been in effect since Fiscal Year 1998/99 and is not proposed to increase.
3 Major Expense Categories:
Maintenance & Repairs
Landscaping Contracted Services
Water & Electric Charges
Woodfield Landscape
Beginning Fund Balance: $ 611
Assessment Revenues 54,764
Assessment Expenses (98,375)
General Benefit Contribution (GF) 43,000
Ending Fund Balance: $ 0
For FY 22/23, a General Fund contribution of $43,000 is needed.
NEXT STEPS
City Council’s Action:
• Hold a Public Hearing;
• Approve Fiscal Year 2022/23 Assessment of Woodfield Maintenance District 4 District
FY 21/22
Actual Rates
FY 22/23
Proposed Rates % Change Notes
Woodfield $ 123.90 $ 123.90 0.00% Rate unchanged since FY 1998/99