HomeMy WebLinkAbout2025-12-09; City Council; 01; Annual Financial Information Report on Capital Project Funds and Special TaxesCA Review AZ
Meeting Date Dec. 9, 2025
To: Mayor and City Council/President and Board of Directors
From: Geoff Patnoe, City Manager/Executive Manager
Staff Contact: Kim Riboni, Finance Manager
kim.riboni@carlsbadca.gov, 442-339-5737
Subject: Annual Financial Information Report on Capital Project Funds and Special
Taxes
Districts: All
Recommended Actions
1)Adopt a resolution of the City Council of the City of Carlsbad accepting the Annual Financial
Information Report on Capital Project Funds and Special Taxes; and
2)Adopt a resolution of the Board of Directors of Carlsbad Municipal Water District accepting
the Annual Financial Information Report on Capital Project Funds.
Executive Summary
Local agencies such as the City of Carlsbad and the Carlsbad Municipal Water District are
required to report the status of certain fees and special taxes each year under California
Government Code Sections 50075.3, 66001 and 66006 to ensure transparency, accountability,
and proper use of public funds, particularly special taxes, fees and charges.
Sections 66001 and 66006 also require the governing body of the local agency to periodically
make certain findings regarding any fee established, increased or imposed after Jan. 1, 1989.
All the required findings for the city and CMWD are included in the resolutions in Exhibit 1, for
the City Council, and Exhibit 2, for the CMWD Board, and the reports are included as
Attachment A to the resolutions.
Explanation & Analysis
The disclosure requirements set forth in California Government Code Article 3.5, Voter-
Approved Special Taxes, Sections 50075 – 50077.5, are intended to gain voters’ confidence and
support of special taxes by demonstrating that local agencies will spend any special tax funds
on the facilities and services for which they were intended. To accomplish this goal, Section
50075.1 requires that any local special tax that is subject to voter approval:
•Contain a statement indicating the specific purposes of the special tax
•Have a requirement that the proceeds of the special tax be applied to those purposes
•Use a separate account into which the proceeds shall be deposited
•Have an annual report containing information regarding the use of proceeds
Dec. 9, 2025 Item #1 Page 1 of 22
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The first three requirements of Section 50075.1 are met through the formation of a special tax
district. The fourth is satisfied annually under Section 50075.3, which requires the chief fiscal
officer of the local agency to file a report with its governing body that contains:
•The amount of funds collected and expended
•The status of any project required or authorized to be funded
The report required by Section 50075.3 is provided as Attachment A to the resolution in
Exhibit 1.
Government Code Section 66006 requires a local agency to also annually report certain
financial information related to any capital funds that were established to track fees charged in
connection with the approval of a development project. The report is required to include:
•A description of the fee
•The amount of the fee
•The beginning and ending balance of the fund
•The amount of the fees collected, and interest earned
•The identification and amount of each public improvement on which fees were
expended
•The total percentage of the project funded by the fee
•The approximate date by which the construction of the public improvement will begin
•The reasons for any delay to a previously reported construction date and a revised
approximate construction date
•A description of each interfund transfer or loan, including the project to be funded with
the loan, the approximate date of repayment and rate of interest
•Any refunds made to developers in accordance with the code
Additionally, under Section 66006, the local agency is required to make the report available to
the public at least 15 days before a scheduled public meeting. The report was made available
on the city website on the Finance Department’s Financial Reports page on Nov. 14, 2025.1
The reports in Attachment A to Exhibits 1 and 2 also provide all the information required by
Section 66006 for development fees that fall under this disclosure requirement.
Certain ending fund balances exclude advances and loans, which may result in a fund balance
that is lower than the appropriated balance. The loans and advances may be paid through
future collections of fees.
The reported fund balances could be subject to refunds, though there are no refunds due at the
time of this report. Funds being reviewed for eligible refunds include those for the city’s Bridge
and Thoroughfare District No. 2 and Bridge and Thoroughfare District No. 3. The improvement
projects that those districts were established to fund have been completed, so staff plan to
return to the City Council in 2026 with a recommendation to close out these districts and make
any eligible refunds.
More information on these funds, and all other capital funds, are available in the Capital
Improvement Program as part of the Fiscal Year 2025-26 Adopted Budget (Exhibit 3).
1 This report was posted at carlsbadca.gov/departments/finance/financial-reports, under the Development Impact
Fee Annual Report heading.
Dec. 9, 2025 Item #1 Page 2 of 22
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Information will also be included in the Fiscal Year 2024-25 Annual Comprehensive Financial
Report, which staff expect to issue before the end of 2025.
In addition to the required annual reporting under Section 66006, Section 66001 requires a
local agency to make the following findings every five years regarding the portion of the fund
remaining unexpended, whether committed or uncommitted, for the development fee funds:
•Identification of the purpose for which the fee is to be applied
•Demonstration of a reasonable relationship between the fee and the purpose for which
it is charged
•Identification of all sources and amounts of funding anticipated to complete financing
on incomplete improvements
•The approximate dates on which the funding referred to above is expected to be
deposited into the appropriate account or fund
When findings are required by this section, the local agency is also required to provide the
information to the public, in accordance with Section 66006. The information to support the
required findings can be found in the fiscal year 2025-26 Capital Improvement Program
provided as Exhibit 3. The resolutions in Exhibits 1 and 2 include the required findings, and if
they are adopted, the city and the Carlsbad Municipal Water District will have complied with
Section 66001.
The reports in Attachment A to Exhibits 1 and 2, including the information required by the
above code sections, were compiled from data derived from audited financial records. These
audited figures will also be available in the fiscal year 2024-25 Annual Comprehensive Financial
Report, which is likely to be issued before the end of the calendar year.
Fiscal Analysis
This item has no fiscal impact.
Next Steps
Staff will file the approved Annual Financial Information Report on Capital Project Funds and
Special Taxes for fiscal year ended June 30, 2025, in accordance with state law.
Environmental Evaluation
The proposed action is not a “project” as defined by CEQA Section 21065 and CEQA Guidelines
Section 15378(b)(5) and does not require environment review under CEQA Guidelines Section
15060(c)(3) and 15061(b)(3), because the proposed action to provide the Annual Financial
Information Report on Capital Project Funds and Special Taxes is an organizational or
administrative government activity that does not involve any commitment to any specific
project which may result in a potentially significant physical impact on the environment. Any
subsequent action or direction stemming from the proposed action may require preparation of
an environmental document in accordance with CEQA or CEQA Guidelines.
Exhibits
1.City Council resolution
2.Carlsbad Municipal Water District Board of Directors resolution
3.June 17, 2025, staff report (on file in the Office of the City Clerk)
Dec. 9, 2025 Item #1 Page 3 of 22
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RESOLUTION NO. 2025-259 .
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, ACCEPTING THE ANNUAL FINANCIAL INFORMATION
REPORT ON CAPITAL PROJECT FUNDS AND SPECIAL TAXES
WHEREAS, the City Council of the City of Carlsbad (“City Council”) is required to make certain
findings annually with respect to special taxes collected and expended pursuant to California
Government Code Section 50075.3; and
WHEREAS, the City Council 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 City of Carlsbad 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 2025-
26 Capital Improvement Program as adopted by the City Council on June 17, 2025.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as
follows:
1.That the above recitations are true and correct.
2.The proposed action is not a “project” as defined by CEQA Section 21065 and CEQA
Guidelines Section 15378(b)(5) and does not require environment review under CEQA
Guidelines Section 15060(c)(3) and 15061(b)(3), because the proposed action to
provide the Annual Financial Information Report on Capital Project Funds and Special
Taxes is an organizational or administrative government activity that does not involve
any commitment to any specific project which may result in a potentially significant
physical impact on the environment. Any subsequent action or direction stemming from
the proposed action may require preparation of an environmental document in
accordance with CEQA or CEQA Guidelines.
3.That the annual Financial Information Report on Capital Project Funds and Special Taxes
(Attachment A) is accepted.
4.That for each developer fee identified in Attachment A these findings are made as
required under California Government Code Sections 66001:
Exhibit 1
Dec. 9, 2025 Item #1 Page 4 of 22
Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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.
5.That these findings are based on information contained in the fiscal year 2025-26
Capital Improvement Program, which is incorporated by reference.
6.That the report in Attachment A was compiled from data derived from audited financial
records.
7.That the audited figures will also be available in the fiscal year 2024-25 Annual
Comprehensive Financial Report, which is likely to be issued before the end of the
calendar year.
PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the City Council of the City
of Carlsbad and the Board of Directors of the Carlsbad Municipal Water District held on the 9th
day of December, 2025, by the following vote, to wit:
AYES: Blackburn, Bhat-Patel, Acosta, Burkholder, Shin.
NAYS: None.
ABSTAIN: None.
ABSENT: None.
______________________________________
KEITH BLACKBURN, Mayor
______________________________________
SHERRY FREISINGER, City Clerk
(SEAL)
Dec. 9, 2025 Item #1 Page 5 of 22
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Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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Dec. 9, 2025 Item #1 Page 9 of 22
Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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Dec. 9, 2025 Item #1 Page 12 of 22
Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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Dec. 9, 2025 Item #1 Page 13 of 22
Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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Dec. 9, 2025 Item #1 Page 15 of 22
Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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Dec. 9, 2025 Item #1 Page 18 of 22
Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
RESOLUTION NO. 1788 .
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 2025-
26 Capital Improvement Program as adopted by the Board of Directors on June 17, 2025.
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.The proposed action is not a “project” as defined by CEQA Section 21065 and CEQA
Guidelines Section 15378(b)(5) and does not require environment review under CEQA
Guidelines Section 15060(c)(3) and 15061(b)(3), because the proposed action to
provide the Annual Financial Information Report on Capital Project Funds and Special
Taxes is an organizational or administrative government activity that does not involve
any commitment to any specific project which may result in a potentially significant
physical impact on the environment. Any subsequent action or direction stemming from
the proposed action may require preparation of an environmental document in
accordance with CEQA or CEQA Guidelines.
3.That the annual Financial Information Report on Capital Project Funds (Attachment A)
is accepted.
4.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
Exhibit 2
Dec. 9, 2025 Item #1 Page 19 of 22
Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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.
5.That these findings are based on information contained in the fiscal year 2025-26
Capital Improvement Program, which is incorporated by reference.
6.That the report in Attachment A was compiled from data derived from audited financial
records.
7.That the audited figures will also be available in the fiscal year 2024-25 Annual
Comprehensive Financial Report, which is likely to be issued before the end of the
calendar year.
PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the Board of Directors of
the Carlsbad Municipal Water District and the City Council of the City of Carlsbad held on the 9th
day of December, 2025, by the following vote, to wit:
AYES: Blackburn, Bhat-Patel, Acosta, Burkholder, Shin.
NAYS: None.
ABSTAIN: None.
ABSENT: None.
______________________________________
KEITH BLACKBURN, President
______________________________________
SHERRY FREISINGER, Secretary
(SEAL)
Dec. 9, 2025 Item #1 Page 20 of 22
Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
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Attachment A
Dec. 9, 2025 Item #1 Page 21 of 22
Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2
Exhibit 3
June 17, 2025, staff report
(on file in the Office of the City Clerk)
Dec. 9, 2025 Item #1 Page 22 of 22
Docusign Envelope ID: A1F754F1-3450-4518-A479-82AC102368F2