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9 iii. At the time of this report a fund balance deficit of approximately$(18,000)exists for the Landscape Maintenance District 1993-1.This deficit may increase due to the impact of the winter 2023 storm events, which haven't been fully assessed. The projected 2023-24 expenses reflect a reduced amount of maintenance to begin to recover the deficit, although it is likely that the irrigation system will continue to fail and cause significant expenses due to loss of water and repair costs. Reserve/replacement funds will go toward paying Windsor's deficit and are held in an interest-bearing account until needed for repairs to the irrigation system, landscaping or other District features. iv. The rate shown here is for a single-family home or its equivalent. For the definition of the term Single Family Equivalent(SFE)and rates for other types of property,see the section titled, "Method of Assessment"and the sections following it in this report. v. The Act requires that proceeds from the assessments must be deposited into a special fund that has been set up for the revenues and expenditures of the Maintenance District. Moreover,funds raised by the assessment shall be used only for the purposes stated within this Report.Any balance remaining at the end of the Fiscal Year,June 30,must be carried over to the next Fiscal Year.The District may also establish a reserve fund for contingencies and special projects as well as a capital improvement fund for accumulating funds for larger capital improvement projects or capital renovation needs.Any remaining balance would either be placed in the reserve fund,the capital improvement fund,or would be used to reduce future years' assessments.The Landscape Maintenance District 1993-1,Windsor, reserve/replacement funds are held in an interest-bearing account until needed for repairs to the irrigation system, landscaping or other District features. City of Pleasanton Landscape Maintenance District No. 1993-1,Windsor Engineer's Report, Fiscal Year 2023-24