HomeMy WebLinkAbout2024-12-10; Municipal Water District; Resolution 1753RESOLUTION NO.1753
A RESOLUTION OF THE BOARD OF DIRECTORS OF CARLSBAD MUNICIPAL
WATER DISTRICT OF THE CITY OF CARLSBAD, CALIFORNIA, ACCEPTING
THE ANNUAL FINANCIAL INFORMATION REPORT ON CAPITAL PROJECT
FUNDS
WHEREAS, the Carlsbad Municipal Water District Board of Directors is required to make certain
findings every five years with respect to the unexpended fund balance of certain development fee
funds pursuant to California Government Code Section 66001; and
WHEREAS, the Carlsbad Municipal Water District is required to annually report certain financial
information related to capital funds established to track fees charged in connection with the approval
of development projects pursuant to California Government Code Section 66006; and
WHEREAS, the information to make the required findings can be found in the fiscal year 2024-
25 Capital Improvement Program as adopted by the Board of Directors on June 18, 2024.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad Municipal Water
District of the City of Carlsbad, California, as follows:
1. That the above recitations are true and correct.
2. That the annual Financial Information Report on Capital Project Funds (Attachment A)
is accepted.
3. That for each developer fee identified in Attachment A these findings are made as
required under California Government Code Sections 66001:
a. That the purposes to which.the developer fee is to be put
have been identified.
b. That a reasonable relationship has been demonstrated between the developer
fee and the purpose for which it is charged.
c. That all sources and amounts of funding anticipated to complete financing on
incomplete improvements have been identified.
d. That the approximate dates on which the funding referred to above is expected to
be deposited into the appropriate fund have been designated.
LI-. That these findings are based on information contained in the fiscal year 2024-25
Capital Improvement Program, which is incorporated by reference.
5. That the report in Attachment A was compiled from data derived from audited financial
records.
6. That the audited figures will also be available in the fiscal year 2023-24 Annual
Comprehensive Financial Report, which is likely to be issued before the end of the
calendar year.
PASSED, APPROVED AND ADOPTED at a Special Meeting of the Board of Directors of the
Carlsbad Municipal Water District of the City of Carlsbad on the 10th day of December, 2024, by the
following vote, to wit:
AYES:
NAYS:
ABSTAIN:
ABSENT:
BLACKBURN, BHAT-PATEL, ACOSTA, BURKHOLDER, LUNA.
NONE.
NONE.
NONE. ~
KEITH BLACKBURN, President
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2024
Major Facilities Fee Funds (Potable/Recycled Water)
BEGINNING ENDING BALANCE OF CURRENT FY 2024-25 AND ESTIMATED PERCENTAGE
BALANCE FEES MISC CAPITAL BALANCE APPROPRIATIONS FUTURE ESTIMATED CONSTRUCTION EXPENDITURES
7/1/2023 COLLECTED INTEREST REVENUE EXPENDITURES 6/30/2024 AT 06/30/2024 APPROPRIATIONS DATE PAID BY FEE
Projects:
Carlsbad Water Recycling Facility Improvements -$ -$ 350,000$ 2025-26 100%
College Boulevard - Cannon To Badger (375 Zone)278,200 1,400,000 Not Started 0%
College Boulevard - Cannon To Badger (490 Zone)- 312,600 1,400,000 Not Started 0%
Crestview Drive Transmission Main - - 722,000 2025-26 0%
Desalinated Water Flow Control Facility No. 5 - 10,427,502 (10,000,000) Not Started 100%
Hydroelectric Generation at Water Facilities - 461,000 39,000 2027-28 0%
Limited Access Pipeline Relocation Program - - 1,122,000 2024-25 0%
Maerkle Reservoir Transmission Main - - 2,111,000 2028-29 0%
Palomar Airport Waterline Realignment - - - Complete 0%
Poinsettia Lane - Cassia To Skimmer - 207,394 - Complete 100%
Pressure Reducing Station Program - - 1,800,000 2024-25 0%
Rancho Carlsbad Groundwater Supply - 200,000 800,000 2035-39 0%
San Luis Rey Mission Basin Groundwater Supply - 20,000 480,000 2028-29 0%
SCADA Improvements - - 80,000 2024-25 0%
Water Modeling 10,790 174,908 - 2024-25 100%
Water System Rehabilitation and Replacement - - - Not Started 0%
35,621,275$ 360,209$ 1,740,457$ -$ 10,790$ 37,711,151$ 12,081,604$ 304,000$
Total 12,385,604$
Loans: None
Fee: $5,733.00 (5/8" Meter Size). Fees vary depending on meter size.
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