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AGENDA ITEM REVIEW FORM |
5.C.
Regular City Council Meeting
- Meeting Date:
- 06/10/2020
- Department Head:
- Monica Castro
- Submitted By:
- Carlos Cortes, Assistant Director of Finance, Finance Department
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding the approval of Lighting and Retention Basin Assessment Districts Budget for Fiscal Year 2020-2021. (Carlos Cortes, Assistant Director of Finance)
SUMMARY:
These assessment districts were formed to provide street lighting and retention basin maintenance services in the developments. The County of Yuma requires City Council’s approval for the budget in order to levy the assessments. The amounts are based on the estimated cost the city will incur to provide these services.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE THE 2020-2021 FISCAL YEAR BUDGET IN THE AMOUNT OF $520,056 FOR THE LIGHTING AND RETENTION BASIN ASSESSMENT DISTRICTS.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- YES
- CITY/STATE/FEDERAL FUNDS:
- CITY
- TOTAL:
- $520,056
- BUDGETED AMOUNT:
- $520,056
- AVAILABLE AMOUNT TO TRANSFER:
- N/A
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- 808-880-40600 Assessments Property Tax
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
Revenue Account:
808-880-40600 Assessments Property Tax
808-880-40600 Assessments Property Tax