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• <br />In order to lessen the burden on our taxpayers, staff is proposing to utilize approximately $750,000 in <br />additional fund balance over the upcoming fiscal year to help offset the necessary increase in <br />assessment rates. As the Board is aware, SWDD has recently undergone a rate comparison study which <br />reflects the need for multiple rate increases when compared to surrounding counties. A full evaluation of <br />SWDD's rate assessment model is also necessary and is proposed in the upcoming FY 2020/21 budget <br />for $100,000. This evaluation is crucial in order to ensure SWDD's revenue generating model is <br />adequately structured to reflect operational changes that have been implemented since the last <br />rate study was completed in 1995. Implementation of any rate changes will become effective in the <br />FY 2021/22 budget. <br />Special Revenue and Capital Projects Funds <br />Four of the following streetlighting districts non -ad valorem rates have been reduced, primarily due to the <br />lower electric rates of Florida Power & Light. The Oceanside Street Paving M.S.B.U. assessment of <br />$415 per lot is scheduled to sunset in FY 2020/21 as the five-year implementation is now complete. <br />Streetlighting <br />Districts <br />2019/2020 <br />Parcel/Acre <br />2020/2021 <br />Parcel/Acre <br />Variance <br />Gifford <br />$23.00 <br />$23.00 <br />$0.00 <br />Laurelwood <br />$36.00 <br />$36.00. <br />$0.00 <br />Rockrid e <br />$7.00 <br />$5.00 <br />($2.00) <br />Vero Highlands <br />$36.00 <br />$34.00 <br />($2.00) <br />Porpoise Point <br />$10.00 <br />$7.00 <br />($3.00) <br />Laurel Court <br />$39.00 <br />$39.00 <br />$0.00 <br />Tierra Linda <br />$39.00 <br />$39.00 <br />$0.00 <br />Vero Shores <br />$24.00 <br />$24.00 <br />$0.00 <br />Ixora Park <br />$20.00 <br />$20.00 <br />$0.00 <br />Royal Poinciana <br />$39.00 <br />$39.00 <br />$0.00 <br />Roseland Road <br />$1.00 <br />$1.00 <br />$0.00 <br />Whispering Pines <br />$16.00 <br />$16.00 <br />$0.00 <br />Moorings <br />$9.00 <br />$9.00 <br />$0.00 <br />Walker's Glen <br />$20.00 <br />$20.00 <br />$0.00 <br />Glendale Lakes <br />$40.00 <br />$40.00 <br />$0.00 <br />Floralton Beach <br />$46.00 <br />$46.00 <br />$0.00 <br />West Wabasso <br />$21.00 <br />$19.00 <br />($2.00) <br />Oceanside erlot <br />$51.00 <br />$51.00 <br />$0.00 <br />Oslo Park erlot <br />$15.68 <br />$15.68 <br />$0.00 <br />Other M.S.B.U.'s <br />2019/2020 <br />Parcel/Acre <br />2020/2021 <br />Parcel/Acre <br />Variance <br />Vero Lake Estates <br />$50.00 <br />$50.00 <br />$0.00 <br />E. Gifford Stormwater <br />$10.00 <br />$10.00 <br />$0.00 <br />Oceanside Paving <br />(per lot <br />$415.00 <br />$0.00 <br />$415.00 <br />15 . <br />