RIO SALADO COMMUNITY FACILITIES DISTRICT

CFD Budget & Actual Expenses
July 1, 2006 - June 30, 2007 *

2006/07 Budget

2006/07 Expenses*

% of Budget

Administration/Project Management
Lake Operations
Water Quality Management
Security
Lake Surface, Shoreline Cleanup
Electricity
Replacement Water
Equipment
Audit
Liability Insurance Premium
Contingencies (General, Chemical)
Infrastructure Replacement

$413,775
$287,000
$430,000
$404,400
$388,025
$310,000
$230,100
$70,000
$5,000
$23,000
$80,000
$531,000

$413,775
$417,849
$397,019
$428,293
$376,736
$121,362
 $0
$103,194
$983
$23,575
$0
$531,000

100.0%
145.6%
92.3%
105.9%
97.1%
39.1%
0.0%
147.4%
19.7%
102.5%
0.0%
100.0%

Operations & Maintenance (O&M) Costs
Less: Revenues (boat permits, use fees)

$3,172,300
$37,300

$2,813,784
$40,762

88.7%
109.3%

Total Net O&M Costs

$3,135,000

$2,773,022

88.5%
 
Private Property O&M Assessments
City of Tempe Property O&M Assessments
Remainder of O&M budget paid by Tempe1
CFD O&M Budget

8.77%
48.27%
42.95%
100.00%

$275,043.31
$1,513,409.89
$1,346,546.79
$3,135,000.00
1 Since the majority of parcels in the Rio Salado Community Facilities District (CFD) are currently vacant, they are paying only 20% of the assessment that they would pay if the parcel was improved. The City of Tempe makes up this difference. At build out of the CFD private property will pay approximately 60% of the O&M assessments, while Tempe-owned parcels will pay about 40%.

* Updated as of September 28, 2007                                            rh
 

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