Resolution - 9707•
•
RESOLUTION NO. 9707
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, SETTING THE AMOUNT OF MONEY
NECESSARY TO BE RAISED FOR WEST COVINA LANDSCAPE
MAINTENANCE DISTRICT NO. 1 AND FIXING THE TAX RATE FOR
SAID MAINTENANCE DISTRICT FOR THE FISCAL YEAR
BEGINNING JULY 1, 1999.
The City Council of the City of West Covina, California, does hereby resolve as follows:
SECTION 1. As applicable, the tax levied on the real property is exempt from
the application of Article XIII A, Section I (A) and Article XIII C of the Constitution of the State
of California and is levied for the benefit of the residents of the District.
SECTION 2. The amount of money necessary to be raised by the tax, upon the
assessable property within Maintenance District No. 1, City of West Covina, for the current
fiscal year beginning July 1, 1999, is hereby fixed as follows:
For the cost of maintaining and operating the open space, improvements and
facilities thereon within the Maintenance District No. 1, City of West Covina: $137,443.
SECTION 3. For the purpose of raising the sum of money necessary to be raised
by the tax upon the assessable property within Maintenance District No. 1, City of West Covina
as revenue to maintain and operate the open space, improvements and facilities within the said
Maintenance District, the rate is hereby fixed and taxes are hereby set on all assessable real
property in the said Maintenance District for the fiscal year beginning July 1, 1999, in the
number of 9.4 cents upon one hundred dollars of assessed value of said assessable real property
as assessed by the County Assessor and equalized by the Assessment Appeals Board of the
County of Los Angeles and with respect to certain property as assessed by the State Board of
Equalization and equalized by said Board as follows:
Estimated Assessed Value of Land Within Entire District $146,215,867
Benefit Tax Rate $0.0940 per
hundred dollars
No separate tax is being levied upon the assessable property within any zone in
Maintenance District No. 1 for the fiscal year beginning July 1, 1999 and no money is being
raised to finance special services within any such zone.
DENIED and REJECTED this 15°i day of June 1999.
ATTESTED:
City Clerk
i
ayor
•
I HEREBY CERTIFY that the foregoing Resolution was duly rejected by the City
Council of the City of West Covina, California, at a special meeting thereof held on the 15°i day
of June 1999, by the following vote of the Council, to wit:
AYES: Wong, Howard
NOES: Herfert, Touhey
ABSENT: None
ABSTAIN: Melendez
City Clerk
APPROVED AS TO FORM:
EZAc(
City Attorney
J WC.TMM.MFL\MD I STAFF 1999-2000
DOC. # 99-140
•
CITY OF WEST COVINA
LANDSCAPE MAINTENANCE DISTRICT NO. 1
BUDGET AND ESTIMATED REVENUE SUMMARY
FOR
FISCAL YEAR 1999 - 2000
• Submitted by:��
Thomas M. Mayer e
City Engineer
Date: June 15, 1999
6/8/99MaintDist1999 2000 1
LANDSCAPE MAINTENANCE DISTRICT NO.1
FISCAL YEAR 1999-2000
BUDGET SUMMARY AND RESERVES
I. MAINTENANCE
A. Personnel Services $ 29,030
• B. Materials and Services $ 172,740
C. Equipment Outlay $ 0
E
TOTAL MAINTENANCE
II. ENGINEERING & INCIDENTAL
A. Personnel Services $ 0
B. Materials and Services $ 0
C. Equipment Outlay $ 0
TOTAL ENGINEERING
TOTAL OPERATING BUDGET
III. CAPITAL IMPROVEMENTS
TOTAL CAPITAL BUDGET
TOTAL OPERATING
AND CAPITAL BUDGET
IV. FUND BALANCE
A. Cash Flow
(1/6 of Operating Budget)
B. Contingency Reserve
TOTAL FUND BALANCE
TOTAL DISTRICT BUDGET
$ 33,628
$ 367,003
$ 201,770
$ 0
$ 201,770
$ 0
$ 201,770
$ 400,631
$ 602,401
06/02/1999MaintDist1999 2000 2
LANDSCAPE MAINTENANCE DISTRICT NO. 1
FISCAL YEAR 1999-2000
BUDGET DETAIL, AND RESERVES
L
Direct Maintenance
•
A. Personnel Services
1. Full Time Salaries and Benefits
$
28,840
2. Limited Service Salaries
$
0
3. Overtime
$
190
Sub -Total
$
29,030
B. Materials and Services
1. Maintenance Contracts
$
109,630
-
2. Utilities
$
40,000
3. Supplies & Reprographic Services
$
7,080
4. Building's & Improvements Maint.
$
1,000
5. Property & Liability Insurance
$
1,500
6. Administration & Overhead
$
13,530
Sub -Total
$
172,740
B. Equipment Outlay
$
0
Sub -Total
$
0
TOTAL MAINTENANCE
$
201,770
L
Engineering and Incidental
A. Personnel Services
$
0
B. Materials and Services
$
0
C. Equipment Outlay
$
0
TOTAL ENGINEERING
$
0
TOTAL OPERATING BUDGET
$
201,770
III.
CAPITAL IMPROVEMENTS
TOTAL CAPITAL
IMPROVEMENT BUDGET
$
0
TOTAL OPERATING AND
CAPITAL BUDGET
$
201,770
IV.
Fund Balance
A. Cash Flow
$
33,628
•
B. Contingency Reserve
$
372,303
TOTAL
$
405,931
TOTAL DISTRICT RESOURCES
$
607,701
Maind)ist1999 2000 3
•
LANDSCAPE MAINTENANCE DISTRICT NO. I
FISCAL YEAR 1999-2000
ESTIMATED REVENUE SUMMARY
L Assessment Income (Net) $ 137,443
II. Projected Interest $ 5,300
TOTAL ESTIMATED REVENUES $ 142,743
TV Cash Fund Balance (Reserves from Prior Year 98-99) $ 464,958
TOTAL FUNDS AVAILABLE $ 607,701
ASSESSMENT RATES ARE. PROPOSED AS FOLLOWS:
ASSESSMENT RATE:
$ 0.0940 per hundred dollars of assessed valuation
ASSESSED VALUATION:
Los Angeles County Assessor's Roll
Secured Valuation:
Unsecured Valuation:
TOTAL ASSESSED VALUATION
$ 145,924,632
$ 291,235
$ 146,215,867
GROSS INCOME
Tax Rate x Total assessed value = ($0.094 / $100 ) x $146,215,867
_ $137,443
c
4
6/8/99MaintDist1999 2000
LANDSCAPE MAINTENANCE DISTRICT NO. 1
FISCAL YEAR 1999-2000
REVISED PROJECTED RESERVE (FY 1998-1999 )
• 1. Fund Balance as of 6/30/98 $ 752,659
11. CIP Carry-over to Fiscal Year 1998-1999 $ (177,173)
111. Purchase Order carry-over $ (13,344)
IV. Appropriable Fund Balance $ 562,142
V. Projected Revenue for Fiscal Year 1998-1999 $ 117,776
VI. Appropriations for Operating and $ (214,960)
Capital for Fiscal Year 1998-1999
REVISED PROJECTED FUND BALANCE $ 464,958
JUNE 30, 1999
•
6/8/99MaintDistl999 2000 5