Flood Control - Santa Cruz LAFCO
Flood Control - Santa Cruz LAFCO
Flood Control - Santa Cruz LAFCO
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<strong>Santa</strong> <strong>Cruz</strong> <strong>LAFCO</strong>: Countywide Service Review<br />
<strong>Flood</strong> Protection and Stormwater Services<br />
6.5%. The final maturity date is in 2012. Principal and interest on the debt is paid from the revenues<br />
generated in Zone 7.<br />
Pajaro Storm Drain Maintenance District<br />
The Pajaro Storm Drain Maintenance District is funded through the District’s share of the 1% property<br />
tax and is accounted for as a Special Revenue Fund. The following is a summary of the District’s<br />
finances:<br />
Sources:<br />
Pajaro Storm Drain Maintenance District – Financial Summary<br />
Finances<br />
FY 02-03<br />
Actual<br />
FY 03-04<br />
Actual<br />
FY 04-05<br />
Final Budget<br />
Property Taxes $655,634 $639,751 $622,271<br />
Interest $20,780 $17,475 $16,000<br />
Uses:<br />
Total Revenue $676,414 $657,226 $638,271<br />
Services and Supplies $274,520 $238,546 $631,496<br />
Principal on Long Term Debt 0 0 $300,000<br />
Capital Improvements $506,969 $6,479 $500,000<br />
Contingencies $207,864<br />
Index 622245<br />
Total Uses $781,490 $245,025 $1,639,360<br />
Fund Balance, End of Year $1,209,781 $1,321,639<br />
The District’s property tax revenue was reduced by $55,405 in FY 2004-2005 due to the ERAF III<br />
adjustment.<br />
June 2005 – Public Review Draft Section 5 - 13
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