CITY OF LATHROP
STONEBRIDGE MAINTENANCE DISTRICT
ANNUAL ASSESSMENTS
May 11, 2026
Item No. 5.2
OVERVIEW
1. Maintenance Districts
• Fiscal Assessment (by district)
2. Conduct Public Hearing
• Approve Fiscal Year 2026/27 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 $586.69 – max assessment is $588.01)
3 Stonebridge Landscape
Beginning Fund Balance: $ 414,027
Assessment Revenues 528,610
Assessment Expenses (415,603)
General Benefit Contribution (GF) 6,270
Park Rentals 2,000
Ending Fund Balance: $ 535,304
Major Expense Categories:
▪ Maintenance & Repairs
▪ Landscaping Contracted Services
▪ Water & Electric Charges
For FY 26/27, General Fund contribution of $6,270 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 $364.93
– max assessment is $588.01).
4 Stonebridge Drainage and Lighting Revenues
Beginning Fund Balance: $ 632,422
Assessment Revenues 328,800
Assessment Expenses (348,340)
General Benefit Contribution (GF) 6,270
Ending Fund Balance: $ 619,152
For FY 26/27, General Fund contribution of $6,270 is needed.
NEXT STEPS
City Council’s Action:
• Hold a Public Hearing;
• Approve Fiscal Year 2026/27 Assessment of Stonebridge Maintenance District 5 District
FY 25/26
Actual Rates
FY 26/27
Proposed Rates Change Notes
Stonebridge Landscape $ 533.35 $ 586.69 $ 53.34 Max assessment $588.01 Stonebridge Drainage & Lighting $ 347.55 $ 364.93 $ 17.38 Max assessment $588.01