HomeMy WebLinkAbout2004-12-14; City Council; 17920; Capital funds annual financial reportCITY OF CARLSBAD -AGENDA BILL
P w 6 a a a U
.. Z 0 F 0 <
J
0 Z 3 0 0
I
AB# 17,920
MTG. 12/14/04
DEPT. FIN
TITLE:
ANNUAL FINANCIAL REPORT ON CAPITAL FUNDS
SUBJECT TO GOVERNMENT CODE SECTION 66006
AND GOVERNMENT CODE SECTION 66001 CITY MGR 3
RECOMMENDED ACTION:
Adopt Resolution No. 2004-399 making certain findings pursuant to California Government Code
Section 66001.
ITEM EXPLANATION:
The California Government Code Section 66006 requires local agencies to annually report certain
financial information related to capital funds that were established to track fees charged in connection
with the approval of a development project. The information which is required by the Government
Code includes 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 the interest earned, an identification and amount of
each public improvement on which fees were expended, the total percentage of the project funded by
that fee, the approximate date by which the construction of the public improvement will commence, a
description of each interfund transfer or loan, including the project to be funded with the loan and the
approximate date of repayment, and any refunds made to developers pursuant to the Code. This
information must be made available within 180 days of the end of the fiscal year and must be
reviewed at the next regularly scheduled meeting not less than 15 days after the information is
available.
The attached report provides the information required by the Government Code for the development
fees that fall under this disclosure requirement. In some instances, the ending fund balance amount
is less than the remaining appropriation because outstanding advances and loans are not included in
the fund balance. Cash balances are sufficient for the remaining appropriations. No refunds have
been made nor are any required. More information on these funds and all other capital funds is
available in the annual Capital Improvement Program that was adopted by Council in June and in the
Comprehensive Annual Financial Report that will be available in December 2004.
This report was compiled with the audited City financial records. These audited figures are also
available in the City’s Comprehensive Annual Financial Report (CAFR).
In addition to the required reporting under Code Section 66006, the California Government Code
Section 66001 requires local agencies to make the following findings every five years with respect to
that portion of the fund remaining unexpended, whether committed or uncommitted, for the
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 for which it
is charged.
3. Identification of all sources and amounts of funding anticipated to complete financing on
incomplete improvements.
4. The approximate dates on which the funding referred to above is expected to be
deposited into the appropriate account or fund.
The information to make the findings for the four (4) requirements can be found in the 2004-05
Capital Improvement Program (CIP), on file with the City Clerk. When findings are required by this
subdivision, they need to be made in connection with the public information required by Code
Section 66006. The attached resolution makes these findings in accordance with Code
Section 66001. Since these findings have been made, and the City is in compliance with the Code,
no refunds are required.
I
Page 2 of Agenda Bill No. 171920
FISCAL IMPACT:
There is no fiscal impact.
EXHIBITS:
1. Resolution No. 2004-399 making certain findings pursuant to California Government Code
Section 66001.
2. Financial Information Report, Capital Funds Subject To Government Code Section 66006.
3. The 2004-05 Capital Improvement Program (CIP) on file with the City Clerk.
Department Contact: Barbara Honig (760)602-2430, bhoni@ci.carlsbad.ca.us
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
IS
2c
21
22
2:
24
25
2E
27
2E
Exhibit 1
RESOLUTION NO. 2004-399
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA, TO MAKE CERTAIN
FINDINGS PURSUANT TO CALIFORNIA GOVERNMENT
CODE SECTION 66001
WHEREAS, the City of Carlsbad 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 information to make the required findings can be found in the
2004-05 Capital Improvement Program on file with the City Clerk; and
WHEREAS, these findings need to be made in conjunction with the public
information required by Code Section 66006.
NOW, THEREFOREy 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. That the following findings are made as required under the Government Code
Section 66006:
a. That the purpose to which the developer fee is to be put has been
identified.
b. That a reasonable relationship has been demonstrated between the 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.
Ill
Ill 3
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Exhibit 1
3. That these findings are based on information provided in the City of Carlsbad
Operating Budget and Capital Improvement Program 2004-05, which is incorporated
he rein by reference.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Carlsbad City
Council on the 14th day Of December , 2004 by the following vote, to wit:
AYES: Council Members Lewis, Finnila, Kulchin, Hall and Packard.
NOES: None
ABSENT: None
c
ATTEST:
-NE M)WOOD, City Clerk (SEAL)
Exhibit 2
Exhibit 2
6
6 UJ (00 NO (D-'"'''O-'
cod 70 I
IC
Exhibit 2
7
W 0 0 W W
Exhibit 2
Exhibit 2
1
Y
c L 0 w m
Exhibit 2
Exhibit 2
Exhibit 2
Exhibit 2
W 0 0 W W
r - ui .--
I I,
N
m m 2
0 4
10 (0
r--
0 m 2 0 0
0 In u)
OmN 55: '0
LDb N
0 0
M (0 d
"0-'
ui 0 0 N
K
m
.-
q
a e!
n 3 d
a
d
P)
C 0
v)
.- c
g e L
'0 C 3
C
'c c ; 8
d
E
!2 '8 e!
N- m
m - n
g
v)
t
-0
M
Exhibit 2
e9
e C .-
.. a, a, Y
Exhibit 2
W I z
W 0 cz
z
I-
B
'0
$ t
2 i
v, > a z W 3 m
uczczcz 0000
W
v)
>