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8 <br /> ii. Incidental and administration cost estimates include City staff hours dedicated to the administration of the <br /> assessment(including staff time to bid work, monitor contracts and contractors, respond to residents' <br /> inquiries, etc.), county charges for inclusion of assessments on property tax bills, and other incidental costs. <br /> iii. At the time of this report a fund balance of approximately$19,000 exists for the Landscape Maintenance <br /> District 1993-2. Significant capital improvements are required to maintain the landscape and irrigation to <br /> previous levels so the City will need to continue to reduce maintenance and water use. Staff intends to <br /> utilize a portion of the reserve to perform necessary fence repair and tree maintenance services. <br /> Reserve/replacement funds are held in an interest-bearing account until needed for repairs to the irrigation <br /> system, landscaping or other District features. <br /> iv. The rate shown here is for a single-family home or its equivalent. For the definition of the term Single Family <br /> Equivalent(SFE)and rates for other types of property, see the section titled, "Method of Assessment"and <br /> the sections following it in this report. <br /> v. The Act requires that proceeds from the assessments must be deposited into a special fund that has been <br /> set up for the revenues and expenditures of the Maintenance District. Moreover, funds raised by the <br /> assessment shall be used only for the purposes stated within this Report.Any balance remaining at the end <br /> of the Fiscal Year, June 30, must be carried over to the next Fiscal Year. The District may also establish a <br /> reserve fund for contingencies and special projects as well as a capital improvement fund for accumulating <br /> funds for larger capital improvement projects or capital renovation needs.Any remaining balance would <br /> either be placed in the reserve fund, the capital improvement fund, or would be used to reduce future years' <br /> assessments.The Landscape Maintenance District 1993-2, Bonde Ranch reserve/replacement funds are <br /> held in an interest-bearing account until needed for repairs to the masonry walls, entry signage, irrigation <br /> systems, landscaping, or other District features. <br /> City of Pleasanton <br /> Landscape Maintenance District No. 1993-2, Bonde Ranch Engineer's Report, Fiscal Year 2023-24 <br />