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HomeMy WebLinkAbout1997-12-16; City Council; 14484; ANNUAL FINANCIAL REPORT ON CAPITAL FUNDS SUBJECT TO GOVERNMENT CODE SECTION 66006 AND GOVERNMENT CODE SECTION 66001I. ,. > d3 22 Bau .. z 0 F 0 4 0 z 3 0 0 a - m CITY OF CARLSBAD -AGE P OA BILL A7 DEPT HD. CITY ATTY TITLE: ANNUAL FINANCIAL REPORT ON CAPITAL FUNDS SUBJECT TO GOVERNMENT CODE SECTION 66006 AND GOVERNMENT CODE SECTION 66001 AB#w MTG. 12/1 6/97 DEPT. FIN CITY MGR RECOMMENDED ACTION: Adopt Resolution No. 01 ‘I -1 1 7 Code Section 66001. making certain findings pursuant to California Govc ITEM EXPLANATION: The California Government Code Section 66006 requires local agencies to annui certain financial information related to capital funds which were established to 1 charged in connection with the approval of a development project. The informatiot required by the Government Code includes a description of the fee, the amount of tt- beginning and ending balance of the fund, the amount of the fees collected and tt earned, an identification and amount of each public improvement on which f expended, the total percentage of the project funded by that fee, the approximat which the construction of the public improvement will commence, a descriptior interfund transfer or loan including the project to be funded with the loan and the ap date of repayment, and any refunds made to developers pursuant to the Col information must be made available within 180 days of the end of the fiscal year an reviewed at the next regularly scheduled meeting not less than 15 days after the infc available. The attached report provides the information required by the Government Code foi (8) development fees which fall under this disclosure requirement. No refunds t made nor are any required. More information on these funds and all other capit; available in the annual Capital Improvement Program which was adopted by Counc and in the Comprehensive Annual Financial Report which will be available in Decemt This report was compiled with the audited City financial records as of October 3, 19! audited figures will also be available in the City’s Comprehensive Annual Financ (CAFR). In addition to the required reporting under Code Section 66006, the California Goverr 0 9) *. 1 Code Section 66001 requires local agencies to make the following findings every with respect to that portion of the fund remaining unexpended, whether cor uncommitted, for the eight (8) development fee funds: 1. Identification of the purpose to which the fee is to be put. 2. Demonstration of a reasonable relationship between the fee and the purpose it is charged. 3. Identification all sources and amounts of funding anticipated to complete fin incomplete improvements. 4. The approximate dates on which the funding referred to above is expec deposited into the appropriate account or fund. The information to make the findings for the four (4) requirements, can be foL 1997-98 Capital Improvement Program (CIP), on file with the City Clerk. When fir required by this subdivision, they need to be made in connection with the public it required by Code Section 66006. The attached resolution makes these fi accordance with Code Section 66001. Since these findings have been made, and in compliance with the code, no refunds are required. FISCAL IMPACT: There is no fiscal impact. EXHIBITS: 1. Resolution No. 91 -7 1 4 making certain findings pursuant to California Gc Code Section 66001. 2. Financial Information Report, capital funds subject to Government Code Section 3. The 1997-98 Capital Improvement Program (CIP) on file with the City Clerk. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 77 18 19 20 21 22 23 24 25 26 27 28 e RESOLUTIONNO. 97-a 47 d7 19 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, TO MAKE CERTAIN FINDINGS PURSUAN CALIFORNIA GOVERNMENT CODE SECTION 66001 WHEREAS, the City of Carlsbad is required to make certain findings ever years with respect to the unexpended fund balance of certain development fee funds p~ to California Government Code Section 66001 ~ WHEREAS, the information to make the required findings can be found ir 1997-98 Capital Improvement Program on file with the City Clerk. WHEREAS, these findings need to be made in conjunction with the public information required by Code Section 66006. NOW, THEREFORE, BE IT RESOLVED by the City Council of the CiQ Carlsbad, California, as follows: 1. That the above recitations are true and correct. 2. That the purpose to which the developer fee is to be put has been iden 3. That a reasonable relationship has been demonstrated between the fee purpose for which it is charged. 4. That all sources and amounts of funding anticipated to complete finar incomplete improvements have been identified. 5. That the approximate dates on which the funding referred to above is to be deposited into the appropriate fund has been designated. PASSED, APPROVED AND ADOPTED at a regular meeting of the Ciq Council on the 16th day of December , 1997, by the following vote, to wit: AYES: Council Members Lewis, Finnila, Nygaard, Kulchin, NOES: None ABSENT: None ATTEST: - (9 0 0 W 7 W ". d 4! l-; N 'id ON mom E- w 2 %L eo: - 2eZ 7 r 8t;" $q:"d J5W 9wCe r f$ uu z2 3 ~oooooooooooooooooooooooooomo~omo m lxo 00 9 We -- 9 -- 9 F(3W om- N *o b - N UN Nm 9 N. 9 7 v -2 - 0 a- 0 utne -I 2 - 8 r P w E- N (D (D m ". r v 2 2 0 m!22g g -0 D ,e7 EE2 - z- 41 5 L U J c $=; 0) E $22 zs - €0) m 8s VI <worn-- 0' 8 d 0 g dig+:;$: 02--o" sooEs,ofig g z= K - ;3g; sonss~ppz d- 8$gapo$ 4 az e m- mwozIIgz2. ;= " 2 &%? ;zgg59zgeo +K2;pgr*"--9' Pga 00 --yOmm ot;.Eflo VI E VI=~~~~~"=~~O)uEm=.r~m~>u~~ a s~&gp~---oQvo~ 2 P$$S eu~v,w~u~ $222 $ssUUog8p~o~aLww2gg' UE$z 7ii - :::o$ xb~~~~a~UVI=9rLiii""55~=~~"~ m - 8: Em, - s - - 0 2- a E2 u r, I? 4 - v) VI a c 2 !3$ 2 m !x r m 2" ga2g G252s "=' c-n&~?E, 9 r =. a, Q- a - - m ; ZZ 2 - - ?= E"o"sg""mO* m +x= m % 5 zy K E an g E L m--" 0) a Q) lU 2 Er 0 KC C C C K='= : mu e! 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