FY 2018-19 and 2019-20 Adopted Operating and CIP Budget

Community Facilities District 230.8353

Division Description Community Facilities District (CFD) funds are derived from special property tax to support City maintenance services in identified areas. Revenues are collected by the County on property tax rolls and remitted to the City. There is currently 1 CFD in the City with a total of 108 properties. Each property is assessed the same amount. The City manages the expenses of the CFD to maintain a positive fund balance and avoid, as long as possible, the need for tax increases. District maintenance is done exclusively by contract and includes biological monitoring, reporting, vegetation management, and replanting in the rehabilitated areas of Fisher Creek along Hale Avenue immediately adjacent to the Stonebridge development. The CFD’s activities in this area began in 2018.

FY 2016-17 and 2017-18 Accomplishments • Began monitoring and maintenance activities

FY 2018-19 and 2019-20 Activity Goals • Finalize contracts for monitoring and maintenance services (Protecting the Environment)

Financial Comments Services are provided through contract services and are paid by annual tax revenues from the property owners benefiting from the improvements. There is no impact to the City’s General Fund or other funds.

COMMUNITY SERVICES 187