HomeMy WebLinkAbout2015-11-19; Agricultural Conversion Mitigation Fee Committee Ad Hoc; ; Report on Available Fund Balance
CORRECTED
AGRICULTURAL CONVERSION MITIGATION FEE (ACMF)
AD HOC CITIZENS ADVISORY COMMITTEE
Staff Contact:
Pam Drew, Associate Planner, Community & Economic Development
760-602-4644 pam.drew@carlsbadca.gov
Agenda Item: #7
Subject: Report on Available Fund Balance
Meeting Date: November 19, 2015
Since 2009 the City Council has awarded a total of $7,927,061 in ACMF grant funding for 26
projects. Of that amount:
$6,643,411 million has been disbursed to grantees;
$578,056 remains to be disbursed; and
$705,594 has yet to be appropriated.
As of the date of preparation of this report, the available/unencumbered balance within the
ACMF account that may be awarded to future grant projects is $95,378. The deposit history is as
follows:
$5,185,299 has been deposited for Ag Mitigation Fees;
$2,823,301 has been deposited from interest earned;
$6,629,571 has been expended; with
$95,378 available/unencumbered cash available as of November 2015.
REV: 11-04-15 - Balanced with IFAS
Agenda Bill
No.Resolution Date Project No.Total Funding
Awarded
Funding Approved
for Disbursement/
Appropriation
Awarded Funding
Remaining to be
Disbursed
Awarded Funding
Remaining to be
Appropriated
Disbursed to-Date
Appropriated Funding
Remaining to be
Disbursed
Notes
18,898 2007-029 02/13/2007 $2,609,560.00 $2,609,560.00 $58,000.00 $0.00 $2,551,560.00 $58,000.00
Total grant funding authorized by this resolution was
$3,300,500; however, Resolutions 2009-199 and 2009-260
reprogrammed $75,000 for use on another project.
ACMF Fund: Grant Awards for Project Implementation
AGP 06-02 $15,000.00 $15,000.00 $0.00 $0.00 $15,000.00 $0.00
AGP 06-04 $164,000.00 $164,000.00 $58,000.00 $0.00 $106,000.00 $58,000.00
AGP 06-05 $316,500.00 $316,500.00 $0.00 $0.00 $316,500.00 $0.00 Final grant request processed 02/09/12.
AGP 06-06 $233,000.00 $233,000.00 $0.00 $0.00 $233,000.00 $0.00
AGP 06-07 $297,000.00 $297,000.00 $0.00 $0.00 $297,000.00 $0.00
AGP 06-08 $230,000.00 $230,000.00 $0.00 $0.00 $230,000.00 $0.00
AGP 06-09 $84,000.00 $84,000.00 $0.00 $0.00 $84,000.00 $0.00
Original grant was for $159,000; however, $75,000 was
reprogrammed per Resolution 2009-260 for AGP 09-01. 3
disbursements: $39,000, $30,000 and $15,000.
AGP 06-10 $884,060.00 $884,060.00 $0.00 $0.00 $884,060.00 $0.00
4 disbursements: $74,500, $41,937, $542,623, and $225,000.
Reallocate $615,940 in unused funds per AB 12,368/Reso 2013-
230.
AGP 06-15 $386,000.00 $386,000.00 $0.00 $0.00 $386,000.00 $0.00 Final disbursement processed 8/12/14.
19,327 2008-050 02/19/2008 $3,267,071.00 $2,561,477.00 $858,724.00 $705,594.00 $2,408,347.00 $153,130.00Details:AGP 06-03 $180,732.00 $180,732.00 $0.00 $0.00 $180,732.00 $0.00 Check Request subimitted 10/20/15.
AGP 06-12 $780,589.00 $74,995.00 $738,594.00 $705,594.00 $41,995.00 $33,000.00
Resolution approves $780,589 grant, but only authorizes
disbursement (appropriation) of $74,995.
AGP 06-13 $305,750.00 $305,750.00 $120,130.00 $0.00 $185,620.00 $120,130.00
Fourth grant request $60,120 processed through Finance
9/2/15.
AGP 06-16 $2,000,000.00 $2,000,000.00 $0.00 $0.00 $2,000,000.00 $0.00
Resolution approves $2 M grant, but only authorizes
disbursement (appropriation) of $108,500. See also Resolution
2010-189.
20,003 2009-260 10/20/2009 $922,822.00 $922,822.00 $113,818.00 $0.00 $884,004.00 $38,818.00 Resolution 2009-260 corrects Resolution 2009-199.Details:AGP 09-01 $188,107.00 $188,107.00 $75,000.00 $0.00 $188,107.00 $0.00
Resolution authorizes $188,107 in funding which includes
$113,107 plus $75,000 reprogrammed from AGP 06-09.
AGP 09-02 $249,313.00 $249,313.00 $0.00 $0.00 $249,313.00 $0.00 Funding amount corrected through Resolution 2009-260.
AGP 09-03 $98,572.00 $98,572.00 $38,818.00 $0.00 $59,754.00 $38,818.00
AGP 09-09 $52,000.00 $52,000.00 $0.00 $0.00 $52,000.00 $0.00
AGP 09-10 $234,830.00 $234,830.00 $0.00 $0.00 $234,830.00 $0.00
Funding amount corrected through Resolution 2009-260.
Transferred funds to CIP per CC Reso 2014-100.
AGP 09-11 $50,000.00 $50,000.00 $0.00 $0.00 $50,000.00 $0.00
AGP 09-12 $50,000.00 $50,000.00 $0.00 $0.00 $50,000.00 $0.00
21,368 2013-230 09/10/2013 $1,127,608.53 $1,127,608.53 $328,108.53 $0.00 $799,500.00 $328,108.53Details:AGP 13-01 $49,542.00 $49,542.00 $49,542.00 $0.00 $0.00 $49,542.00
AGP-13-02 $20,733.00 $20,733.00 $20,733.00 $0.00 $0.00 $20,733.00
AGP 13-03 $600,000.00 $600,000.00 $0.00 $0.00 $600,000.00 $0.00
AGP 13-04 $162,833.53 $162,833.53 $162,833.53 $0.00 $0.00 $162,833.53
AGP 13-05 $271,000.00 $271,000.00 $95,000.00 $0.00 $176,000.00 $95,000.00
AGP 13-06 $23,500.00 $23,500.00 $0.00 $0.00 $23,500.00 $0.00 Check request submitted 11-4-15
$7,927,061.53 $7,221,467.53 $1,358,650.53 $705,594.00 $6,643,411.00 $578,056.53
171-3210-8540 Grant funding remaining to be disbursed $578,056.53
171-3210-8700 Solicitation/operating funding 2,946.00
Reconciled to IFAS $581,002.53
TOTALS:Details:
Deposit History of LCP Ag Mitigation Fees (as of Nov 2015)
Fund 171 (Use 1713210 for expenditures)
06/29/1998 Carlsbad Ranch 268,750
05/17/1999 Shea Homes 87,465
05/25/1999 Standard Pacific 194,150
06/04/1999 Return of fees held by CA Coastal Conservatory 2,890,462 see note below
06/21/1999 Bridge Housing Corp 24,500
08/04/1999 Shea Homes 91,355
09/28/1999 Fieldstone Communities 102,850
10/06/1999 Kelly Ranch Corp 84,370
02/04/2000 WL Homes LLC 263,780
09/25/2001 Standard Pacific 42,592
05/31/2002 CMWD (Recycled Water Facility)102,420
08/20/2002 Canterina 36,605
10/22/2002 Aviara Pointe 31,809
03/14/2003 Standard Pacific (Thompson/Tabata)454,892
06/30/2003 De Jong Ag Fee 98,327
07/02/2003 William and Candace Lynn (CDP01-07)8,484
04/26/2004 City of Carlsbad (Recycled Twin D cap proj #38891)38,975
12/15/2004 Gemological Institute of America (CDP04044)30,206
03/24/2005 Redeemer by the Sea (CT 00-22)52,325
04/07/2005 Mayfair Homes (Black Rail Ridge CT 03-13)27,381
03/02/2006 Yamamoto (FM040001)48,600
01/17/2007 Blackrail (FM030006)38,100
06/25/2007 Poinsettia (FM040011)52,900
01/04/2011 Hilton Carlsbad (CDP05043)12,400
11/14/2011 Muroya (FM060027)79,000
01/23/2015 Daybreak Community Church (SDP0006C)22,600
Total deposits collected 5,185,299
Interest Earned on Fund 171 since inception 2,823,301
Expenditures on Fund 171 since inception
Fiscal year 2005/06 (2,316)
Fiscal year 2006/07 (3,216)
Fiscal year 2007/08 (1,310,995)
Fiscal year 2008/09 (224,459)
Fiscal year 2009/10 (689,111)
Fiscal year 2010/11 (47,000)
Fiscal year 2011/12 (600,623)
Fiscal year 2012/13 (1,958,847)
Fiscal year 2013/14 (831,820)
Fiscal year 2014/15 (808,332)
Fiscal year 2015/16 (152,852)
Total Expenditures (6,629,571)
Total cash available in Fund 171 1,379,028 as of Nov 2015
We received $2,890,462 from the CA Coastal Conservatory on 6/4/99.
This amount was the balance of the City's LCP account held by the
Conservatory.