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AGENDA ITEM REVIEW FORM |
2.A.
Work Session
- Meeting Date:
- 06/03/2020
- Department Head:
- Monica Castro
- Submitted By:
- Carlos Cortes, Assistant Director of Finance, Finance Department
Action Requested:
Discussion Item - No Action to be Taken
ITEM:
Discussion and possible directions to staff 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:
Discussion and possible directions to staff only, no action.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- YES
- CITY/STATE/FEDERAL FUNDS:
- CITY
- TOTAL:
- $520,056.00
- BUDGETED AMOUNT:
- $520,056.00
- 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 - $520,056.00
808-880-40600 Assessments Property Tax - $520,056.00