Resolution - 9708RESOLUTION NO. 9708
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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. 2 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 1(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. 2, 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. 2,.City of West Covina: $19,230
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. 2, 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 1.9 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 $101,205,114
Benefit Tax Rate
$0.0190 per
hundred dollars
No separate tax is being levied upon the assessable property within any
zone in Maintenance District No. 2 for the fiscal year beginning July 1, 1999 and no
money is being raised to finance special services within any such zone.
APPROVED AND ADOPTED this 15`h day of June 1999.
ATTESTED: _11Mayor
City -Clerk,
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City
Council of the City of West Covina, California, at a special meeting thereof held on the
151h day of June 1999, by the following vote of the Council, to wit:
AYES: Melendez, Wong, Howard
NOES: Herfert, Touhey
• ABSENT: None
C/
City Clerk -
APPROVED AS TO FORM:
City Attorney
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• CITY OF WEST COVINA
LANDSCAPE MAINTENANCE DISTRICT NO. 2
BUDGET AND ESTIMATED REVENUE SUMMARY
FOR
FISCAL YEAR 1999-2000
Submitted by:
• Thomas M. Mayer
City Engineer
Date: June 15, 1999
6/8/99MaintDisi21999 2000
LANDSCAPE MAINTENANCE DISTRICT NO.2
FISCAL YEAR 1999-2000
BUDGET SUMMARY AND RESERVES
I. MAINTENANCE
A. Personnel Services $ 2,310
• B. Materials and Services $ 40,520
C. Equipment Outlay $ -
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TOTAL MAINTENANCE
$
42,830
IL ENGINEERING & INCIDENTAL
A. Personnel Services
$
0
B. Materials and Services
$
0
C. Equipment Outlay
$
0
TOTAL ENGINEERING
$
0
TOTAL OPERATING BUDGET
$
42,830
III. CAPITAL IMPROVEMENTS
TOTAL CAPITAL BUDGET
$
0
IV TRANSFER TO MAINT. DIST. NO. 4
$
9,000
TOTAL OPERATING & CAPITAL BUDGET
$
51,830
V FUND BALANCE
A. Cash Flow
$
7,138
(1/6 of Operating Budget)
B. Contingency Reserve
$
98,360
TOTAL FUND BALANCE $ 105,498
TOTAL DISTRICT BUDGET $ 157,328
06/03/1999MaintDist21999 2000 2
LANDSCAPE MAINTENANCE DISTRICT NO.2
FISCAL YEAR 1999-2000
BUDGET DETAIL AND RESERVES
1. Direct Maintenance
A. Personnel Services
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1. Full Time Salaries and Benefits
$
2310
2. Limited Service Salaries
$
0
3. Overtime
$
0
Sub -Total
$
2,310
B. Materials and Services
1. Maintenance Contracts
$
30,960
2. Utilities
$
5,300
3. Supplies & Reprographic Services
$
1,150
4. Property & Liability Insurance
$
100
5. Administration & Overhead
$
3,010
Sub -Total
$
40,520
B. Equipment Outlay
1. Data Processing Equipment
$
Sub -Total
$
-
TOTAL MAINTENANCE
$
42,830
L Engineering and Incidental
A. Personnel Services
$
0
B. Materials and Services _
$
0
C. Equipment Outlay
$
0
TOTAL ENGINEERING
$
0
TOTAL OPERATING BUDGET
$
42,830
III. CAPITAL IMPROVEMENTS
TOTAL CAPITAL BUDGET
$
0
TRANSFER TO MAINT. DIST. NO. 4
$
9,000
TOTAL OPERATING & CAPITAL BUDGET
$
51,830
IV. Fund Balance
A. Cash Flow
$
7,138
•
B. Contingency Reserve
$
98,360
TOTAL
$
105,498
TOTAL DISTRICT RESOURCES
$
157,328
MaintDist21999 2000 3
LANDSCAPE MAINTENANCE DISTRICT NO.2
FISCAL YEAR 1999-2000
ESTIMATED REVENUE SUMMARY
I. Assessment Income (Net)
$
19,230
•
11. Projected Interest
$
6,780
TOTAL ESTIMATED REVENUES
$
26,010
111. Revised Projected Fund Balance
$
131,318
TOTAL FUNDS AVAILABLE
$
157,328
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ASSESSMENT RATES ARE PROPOSED AS FOLLOWS:
ASSESSMENT RATE:
$ 0.0190 per hundred dollars of assessed valuation
ASSESSED VALUATION:
Los Angeles County Assessor's Roll
Secured Valuation: $ 100,025,524
Unsecured Valuation: $ 1,179,590
TOTAL ASSESSED VALUATION $ 101,205,114
GROSS INCOME
Tax Rate x Total assessed value = ($0.019 / $100 ) x $101,205,1 14
_ $ 19,229
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06/03/1999MaintDist21999 2000
LANDSCAPE MAINTENANCE DISTRICT NO.2
FISCAL YEAR 1999-2000
REVISED PROJECTED RESERVE (FY 1998-1999)
•I. Fund Balance as of 6/30/98
$
172,696
II Purchase Order carry-over
$
(6,108)
III Appropriable Fund Balance
$
166,588
IV Projected Revenue for Fiscal Year 1998-1999
$
18,350
V Appropriations for Operating and
$
(53,620)
Capital for Fiscal Year 1998-1999
REVISED PROJECTED FUND BALANCE
$
131,318
JUNE 30, 1999
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6/8/99MaintDist21999 2000 5