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Enhancing Revenue Stability through Non-Ad Valorem Assessments for Community Services

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This document outlines the objectives and benefits of implementing non-ad valorem assessments for solid waste, stormwater management, and code enforcement in our community. By ensuring equitable recovery of fixed costs, the program aims to create a more stable revenue stream, leading to improved billing, collections, and administration. Additionally, it addresses the challenges posed by transient populations and enhances customer service by streamlining account management. The proposed implementation, subject to necessary approvals, promises a cleaner billing process and potential rate reductions for all residents.

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Enhancing Revenue Stability through Non-Ad Valorem Assessments for Community Services

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  1. Non Ad Valorem Assessments Solid Waste Stormwater Code Enforcement

  2. Non Ad Valorem Assessments • Objectives • Equitable Recovery of Fixed Costs • Improved Billing, Collections and Administration • Implementation

  3. Non Ad Valorem Assessments • Equitable Recovery of Fixed Costs • Transient nature of community creates periods where fixed costs are not recovered • Unrecovered costs are spread among other program participants • An improved more stable revenue stream will allow for improvements in reserve management, rate stability reserves and emergency operating reserves • An improved revenue stream leads to the potential for rate reductions as every customer is paying their fair share

  4. Non Ad Valorem Assessments • Improved Billing Collections and Administration • Collections will be improved and not be impacted by seasonal changes in population, foreclosure or non-payment of other City services • Services recovered as assessments will be removed from monthly residential billings • Monthly utility bills will reflect less activity, be cleaner in appearance and lower • Customer service will improve as it will take less time to establish new residential accounts and provide ongoing administration • Utility deposits will decrease • Recovery of Code Enforcement violations will be more timely

  5. Non Ad Valorem Assessments • Implementation • By statute the City is required to enter into an agreement with the Lake County Property Appraiser and Tax Collector • Need individual approval by service with a formal vote from Commission to move forward • Residential Solid Waste • Stormwater • Code Enforcement • If approved four consecutive weeks of advertising is required prior to December resolution • Commission needs to adopt a resolution at a public hearing, possibly a workshop, prior to January 1, 2011 and transmit a signed resolution to Department of Revenue, Lake County Property and Tax Collector

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