CSD 2012-13 budget up slightly

The El Dorado Hills Community Services District Board of Directors approved general fund, capital, CC&R and landscaping and lighting assessment budgets for fiscal year 2012-13 during the June 14 board meeting. The fiscal year begins July 1.

The full 2012-13 budget package can be found on page 214 of the board’s “Current regular meeting agenda packet” available on the Board of Directors page under the “About EDHCSD” link of the district’s website, edhcsd.org.

The budgets direct $9.68 million in spending, up from $9.14 in fiscal year 2011-12.

The budgets were assembled by acting Finance Director Sherry Shannon under the guidance of Interim General Manager Rich Ramirez, whose contract expired earlier this month, leaving Assistant General Manager Sandi Kukkola in charge.

The budgets anticipate a 1 percent decline in the district’s life-blood property tax revenue, from an estimated $4.98 million in 2011-12 to $4.93 million in 2012-13.

The district’s portion of the Prop-13-mandated 1 percent property tax rate remains the power hitter in a revenue lineup that also includes $1.16 million in activity fees and park rentals, $520,000 in reimbursements from assessment districts and joint use agreements, with another $640,000 in franchise fees, earned by administering cable television and trash pickup services provided by Comcast and Waste Connections.

Total projected revenue for 2012-13 is $7.32 million.

General fund budget
The board approved a fiscal year 2012-13 general fund budget of $7,022,528, up from a projected $5,785,339 in FY 2011-12. Salaries, benefits, taxes, services, supplies and select capital improvements and equipment are paid from the general fund.

The staff report attributes the increase to filling vacant positions and increases in the services and supplies category, which includes water, insurance and district legal costs.

Big ticket items include:
• $456,144 — Valley View Elementary School multipurpose room
• $75,000 — renovation of the pavilion interior
• $8,277 — purchase of a turf aerator
• $71,325 — financial software
• $164,376 — deferred maintenance projects
• $280,713 — LLAD subsidies

The general fund budget also puts roughly $6.13 million aside for various reserve funds and a contingency of 15 percent of revenue.

Capital budget
The board also approved a capital project budget for new and ongoing capital projects containing $760,806 in new spending. Other funding sources for budgeted projects include residual funding from past years, “in-lieu” fees from developers and park impact fees.

Capital projects for 2012-13 include:

  • Community Park improvements
    Total cost: $844,159
    Budgeted in 2012-13: $0
    • Restroom
    • Bridge
    • Basketball court
  • Windsor Point Park
    Total: $450,674
    Budgeted in 2012-13: $379,420
  • Dog park design and grading, on hold for now, pending resolution of concerns about airborne dust and proximity to Stonegate neighbors.
    Total: $50,000
    Budgeted: $0
  • New York Creek trail extension
    Total: $115,935
    Budgeted: $0
  • Veteran’s Memorial project oversight
    Total: $7,300
    Budgeted: $0
  • Ridgeview park equipment
    Total: $50,300
    Budgeted: $0
  • Promontory Park Lease Payment
    Total: $2,575,886
    Budgeted: $367,886
  • Government fees
    Total: $13,500
    Budgeted: $13,500

CC&R and LLAD budgets
The board also approved a $130,233 CC&R budget and a Landscape and Lighting District budget of $1,465,802.

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Posted by on Jun 18 2012.
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