HomeMy WebLinkAboutItem 16 - TLLDTUSTIN
LANDSCAPE &
LIGHTING
DISTRICT
FY 2024-2025 ANNUAL UPDATE
ANNUAL UPDATE
In 1997, Tustin Ranch property owners approved an annual assessment
adjustment based on Consumer Price Index (CPI).
Three steps annually:
1. Order the preparation of the Engineer's Report
2. Approval of the Engineer's Report and Setting the Public Hearing
3. Hold Public Hearing and Approve Levy of Assessments
FISCAL YEAR 2024-2025
BUDGET
Assessments to be adjusted by
CPI - 3.5%
TLLD budget is $901,000 4
Assessments total $813,000
General Benefit is $88,000
FINANCIAL OUTLOOK
USE OF CONSTRUCTION SURPLUS
The initial construction of roadways in Tustin Ranch was funded through
bond proceeds.
In 2009, all public improvements in Tustin Ranch were complete and the City
Council declared the remaining bond proceeds as surplus.
$5.6M in surplus funds became available for maintenance needs within Tustin
Ranch.
CONSTRUCTION
SURPLUS
)09, assessment revenues provided
maintenance within Tustin Ranch.
Limited plant replacement & irrigation improvements
occurred and landscape generally considered in poor
condition.
surplus construction funds, staff began:
Major irrigation improvements
Annual landscape enhancement projects
improvements throughout Tustin Ranch.
2021 BALLOT PROCESS
By the end of Fiscal Year 2019-2020, the construction surplus had been
reduced to $1,142,000 and annual spending was $485,000.
Maintaining service levels required a reanalysis of the District and voter
approval to increase assessments.
Ballots mailed to all property owners and voters did not approve the increase.
SERVICE LEVEL REDUCTIONS
FISCAL YEAR 2020-2021
ACTUAL COSTS
Engineer's Report
County Charge for Collection
Annual Landscape Maintenance
Irrigation Repairs
Landscape Refurbishments
Tree Maintenance
Street Lighting
Irrigation Meter Electricity
Water
Tntnl
$12,000
$2,400
$653,000
$104,000
$167,000
$158,000
$54,000
$7,000
$133,000
t1 '?An Ann
FISCAL YEAR 2024-2025
BUDGET
Engineer's Report
County Charge for Collection
Annual Landscape Maintenance
Irrigation Repairs
Landscape Refurbishments
Tree Maintenance
Street Lighting
Irrigation Meter Electricity
Water
Tntnl
$12,000
$2,400
$384,000
$92,200
$0
$143,000
$97,000
$10,400
$160,000
fiAnl nnn
2025 BALLOT PROCESS
The District expenses continue to outpace revenue
Construction surplus is currently $332,000
Expected to reduce to $250,000 by July 1, 2024
Staff preparing a ballot process for FY 2025-26
Engage consulting engineer to update 2021 analysis
Community outreach and engagement
Annual update and ballot process to run concurrently in Sprinq 2025
Staff Recommendation
Resolution No. 24-30 approving the
Der's Report for Fiscal Year 2024-2025
Resolution No. 24-31 declaring the
ouncils intention to levy assessments
cal Year 2024-2025 and set a public
g on June 4, 2024