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Staff: District reserves healthy but some LLADs underperform; midyear adjustments coming
Summary
Staff reported $8,647,563 in non-LLAD cash on hand and recommended a midyear budget review after identifying underperforming Landscape and Lighting Assessment Districts (LLADs) that have been subsidized by general funds; staff said options include asking property owners for more assessments or reducing services.
Staff presented the district’s midyear financial picture and said non-LLAD cash on hand was $8,647,563. “We did just get our first payment from the tax roll, and that was about $3,000,000,” the staff member said, describing a strong start to the fiscal year even after an incoming fire-department 0.25 billing that will reduce free cash.
The presentation flagged uneven performance among the district’s 20 LLADs. Staff said some LLADs are “underperforming” and have been temporarily covered by general-fund resources. “In that case, you have two options,” the staff member said: “You can ask for additional funding from those individual LLAD groups, or we can renew services wherever that is.” Board members asked for a line-by-line GL-code audit for several overage and ‘other income’ items (one line noted as nearly $21,000) and for a detailed midyear adjustment to move charges into the correct departments. Staff committed to return with a fuller coding reconciliation and specific recommendations on how to treat underfunded LLADs.
The board did not take a final action on reassigning reserves or imposing assessments; staff said future recommendations would distinguish between discussion items and any formal changes that would require board approval.
