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AGENDA ITEM REVIEW FORM |
6.B.
Regular City Council Meeting
- Meeting Date:
- 05/28/2025
- Department Head:
- Roula Encinas
- Submitted By:
- Mario A Rodriguez, Finance Operations Manager, Finance Department
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding the approval of the Lighting and Retention Basin Assessment Districts Budget for Fiscal Year 2025-2026. (Roula Encinas, Director of Finance)
SUMMARY:
The assessment districts were formed to provide street lighting and retention basin maintenance services in the subdivision 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 BUDGET OF $1,121,070.00 FOR THE LIGHTING AND RETENTION BASIN IMPROVEMENT DISTRICTS.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- Yes
- CITY/STATE/FEDERAL FUNDS:
- Yes
- TOTAL:
- $1,121,070.00
- BUDGETED AMOUNT:
- See the Fiscal Impact Statement
- AVAILABLE AMOUNT TO TRANSFER:
- See the Fiscal Impact Statement
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- See the Fiscal Impact Statement
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
This assessment will raise revenue to maintain street lighting and retention basins. If approved by the City Council, city staff will budget $1,121,070.00 in the Assessments fund for FY 2025-26.