TO: Board of Directors
FROM: Steven Lederer, Director of Public Works
REPORT BY: Michael Karath, Staff Services Analyst II
SUBJECT: Fiscal year 2024-25 - Silverado Community Services District Budget
RECOMMENDATION
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PUBLIC HEARING 2:00 PM - Fiscal Year 2024-25 Silverado Community Services District (SCSD) Budget
Conduct a Public Hearing to consider testimony on the Fiscal Year 2024-25 Recommended Budget for a total appropriation of $221,314. (Fiscal Impact: $20 net revenue; SCSD; Discretionary)
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BACKGROUND
The recommended budget/assessment for Fiscal Year 2024-25 for the Silverado Community Services District is $218,584. The SCSD’s assessment engineer vendor, NBS, using the Consumer Price Index, calculated a 2.37% increase over the previous year’s maximum assessment. The budget is an estimate and only revenue received will be distributed.
On January 26, 2024, the SCSD Advisory Committee unanimously voted to endorse the maximum assessment allowable for the Fiscal Year 2024-25 budget.
Procedural Requirements:
1. Open Public Hearing.
2. Staff reports.
3. Public comment.
4. Close Public Hearing.
5. Continue item to Tuesday, June 25, 2024 consent calendar.
FISCAL & STRATEGIC PLAN IMPACT
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Is there a Fiscal Impact? |
Yes |
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Is it currently budgeted? |
No |
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Where is it budgeted? |
Fund 2850 |
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Is it Mandatory or Discretionary? |
Discretionary |
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Discretionary Justification: |
Establishing the Annual Budget |
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Is the general fund affected? |
No |
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Future fiscal impact: |
Revenues pass through to SCSD |
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Consequences if not approved: |
SCSD will not be able to provide services to property owners |
ENVIRONMENTAL IMPACT
ENVIRONMENTAL DETERMINATION: The proposed action is not a project as defined by 14 California
Code of Regulations 15378 (State CEQA Guidelines) and therefore CEQA is not applicable.