Heritage Pines CDD discusses fund‑balance use, certification and next steps on HPCA request
Summary
Board members discussed having the District Engineer certify which invoices are CDD‑eligible, using unassigned Fund Balance rather than a loan to pay eligible costs, and programming modest budget increases over five years to rebuild reserves if Fund Balance is used.
After reviewing the HPCA cost list, the board and staff discussed administrative and fiscal safeguards should the CDD decide to contribute.
District Manager Chuck Adams recommended that the District Engineer certify which expenses are CDD‑eligible and that the district use existing unassigned Fund Balance rather than take a loan for any approved contribution. "If the decision is to utilize Fund Balance, Mr. Adams recommends programming a modest increase into the budgets over the next five years to rebuild Fund Balance," the minutes state. The board discussed the need to ensure funds remain available for potential disaster response, noting the district’s greatest exposure to a wind event is vegetation in natural and front areas.
No formal direction to expend funds was approved at the workshop; staff were directed to place the funding request on a future Regular Meeting agenda so supervisors can decide formally whether to commit district funds and whether that commitment would change assessments.
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