HomeMy WebLinkAbout2008-12-16; City Council; 19668; Annual Financial Report on Capital Funds& TaxesCITY OF CARLSBAD - AGENDA BILL
AB# 19.668
MTG. 12/16/08
DEPT. FIN
ANNUAL FINANCIAL REPORT ON
CAPITAL FUNDS AND SPECIAL TAXES
ni mOI 1 A KIT* ff\ f+f\\f CBHIILAdklT f*f\r\CPURSUANT TO GOVERNMENT CODE
SECTIONS 50075, 66001, AND 66006
DEPT. HEAD" ^ ,
CITY ATTY. <&>
CITY MGR. (/-
RECOMMENDED ACTION:
Adopt Resolution No. 2008-329 making certain findings pursuant to California Government
Code Sections 50075 and 66001.
ITEM EXPLANATION:
California Government Code requires the City to annually report the status of certain fees and
special taxes. More specifically, the City must annually make findings regarding any local
special tax measure and any fee established, increased, or imposed after January 1,1989.
Government Code Sections 50075.1 & 50075.3:
California Government Code Sections 50075 - 50077.5, inclusive, were enacted to earn the
voter's confidence and support of special taxes by demonstrating to the voters that local
agencies spend these funds on the intended facilities and services. To accomplish this goal,
California Government Code Section 50075.1 requires that any local special tax/local bond
measure subject to voter approval:
1. contain a statement indicating the specific purposes of the special tax,
2. have a requirement that the proceeds of the special tax be applied to those purposes,
3. have a separate account into which the proceeds shall be deposited, and
4. have an annual report containing information regarding the use of proceeds.
The first three requirements of Government Code Section 50075.1 are met through the
formation of the Special Tax District. Requirement four is satisfied annually via Government
Code Section 50075.3. Government Code Section 50075.3 requires "the chief fiscal officer of
the local agency to file a report with its governing body no later than January 1, 2002, and at
least once a year thereafter", which contains the following information:
1. the amount of funds collected and expended, and
2. the status of any project required or authorized to be funded as identified in
subdivision (a) of Section 50075.1.
DEPARTMENT CONTACT: Aaron Beanan 760-602-2414 abean@ci.carlsbad.ca.us
FOR CITY CLERKS USE ONLY.
COUNCIL ACTION: APPROVED
DENIED
CONTINUED
WITHDRAWN
AMENDED
<crnn
n
CONTINUED TO DATE SPECIFIC
CONTINUED TO DATE UNKNOWN
RETURNED TO STAFF
OTHER -SEE MINUTES
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n
Page 2
The City's Community Facilities District No. 1 and Community Facilities District No. 3
(Improvement Area 1 and Improvement Area 2) are included under this code section because
they are local special tax measures subject to voter approval. The information to make the
findings can be found in the 2008-09 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 Sections 50075 - 50077.5, inclusive. The
attached resolution makes these findings in accordance with Code Section 50075.1. Since
these findings have been made, and the City is in compliance with the Code, no action is
required.
Government Code Sections 66001 & 66006:
California Government Code Section 66006 requires local agencies to annually report certain
financial information related to capital funds established to track fees charged in connection
with the approval of a development project. The information required by the Government
Code includes:
1. a description of the fee,
2. the amount of the fee,
3. the beginning and ending balance of the fund,
4. the amount of the fees collected and the interest earned,
5. an identification and amount of each public improvement on which fees were
expended,
6. the total percentage of the project funded by that fee,
7. the approximate date by which the construction of the public improvement will
commence,
8. 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, and
9. 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 2008-09 Capital
Improvement Program that was adopted by Council in June 2008 and in the Comprehensive
Annual Financial Report that will be available in December 2008.
In addition to the required annual reporting under Code Section 66006, 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.
Page 3
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 2008-
09 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.
This report, including all the above code sections, was compiled with the audited City
financial records. These audited figures are also available in the City's Comprehensive
Annual Financial Report (CAFR).
FISCAL IMPACT:
There is no fiscal impact.
ENVIRONMENTAL IMPACT:
Pursuant to Public Resources Code section 21065 and CEQA Guideline section 15738, this
does not constitute a "project" within the meaning of CEQA and therefore, does not require
an environmental review.
EXHIBITS:
1. Resolution No. 2008-329 making certain findings pursuant to California
Government Code Sections 50075 and 66001.
2. Financial Information Report, Capital Funds and Special Taxes subject to Government
Code Sections 50075 and 66006.
3. The 2008-09 Capital Improvement Program on file with the City Clerk.
Exhibit 1
1
RESOLUTION NO. 2008-329
2"
3 A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA, TO MAKE
4 CERTAIN FINDINGS PURSUANT TO CALIFORNIA
GOVERNMENT CODE SECTIONS 50075 AND
66001
6
7..
WHEREAS, the City of Carlsbad is required to make certain findings every
8
five years with respect to the unexpended fund balance of certain development feey
1Q funds pursuant to California Government Code Section 66001; and
WHEREAS, the City of Carlsbad is required to make certain findings
12 annually with respect to special taxes collected and expended pursuant to
13 California Government Code Section 50075; and
14 WHEREAS, the information to make the required findings can be found in
the 2008-09 Capital Improvement Program on file with the City Clerk; and
16
WHEREAS, these findings need to be made in conjunction with the public
._ information required by Code Sections 50075 and 66006.1o
19 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
20 Carlsbad, California, as follows:
21 ..
1. That the above recitations are true and correct.
22
2. That the following findings are made as required under Government
Code Sections 50075 and 66006:
25 a. That the purpose to which the developer fee and special taxes are to
26 be put has been identified.
27 b. That a reasonable relationship has been demonstrated between the
28
Exhibit 1
1 developer fee and the purpose for which it is charged.
2 c. That all sources and amounts of funding anticipated to complete
financing on incomplete improvements have been identified.
4 d. That the approximate dates on which the funding referred to above is
5
expected to be deposited into the appropriate fund have been designated.
6
3. That these findings are based on information provided in the City of
7
Carlsbad's 2008-09 Operating Budget and Capital Improvement Program, which is8
Q incorporated herein by reference,y
10 "
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PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council
of the City of Carlsbad on the 16th day of December, 2008, by the following vote to wit:
AYES: Council Members Lewis, Kulchin, Hall, Packard and Blackburn.
NOES: None.
ABSENT: None.
LORfRAINE/lVl. WOOt), fcity
(SEAL) y ^
><C/ LJluuZZ-^
, City Clerk
Exhibit 2
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075
YEAR ENDED JUNE 30, 2008
COMMUNITY FACILITIES DISTRICT #3 IMPROVEMENT AREA 1(1)
Date of
Issuance
05/11/2006
Initial Amount Deposited
To Improvement Fund
$ 9,989,741
Balance at
06/30/2008 (2)
$ 4,334,214
Expenditures
To Date (2)
$ 9,097,901
Project
Status
In Progress
(1) Pursuant to Government code section 50075 the following items are required to be disclosed:
(a) The amount of funds collected and expended.
(b) The status of any project required or authorized to be funded as identified in subdivision (a) of
Section 50075.1 or Section 53410.
(2) Federal grant money and interest earnings account for the difference between the balance
at 6/30/08 plus expenditures to date and the initial amount deposited.
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075
YEAR ENDED JUNE 30, 2008
COMMUNITY FACILITIES DISTRICT #3 IMPROVEMENT AREA 2m
Date of
Issuance
02/21/2008
Initial Amount Deposited
To Improvement Fund
$ 11,844,689
Balance at
06/30/2008 (2)
$ 547,475
Expenditures
To Date (2)
$ 11,347,087
Project
Status
In Progress
(1) Pursuant to Government code section 50075 the following items are required to be disclosed:
(a) The amount of funds collected and expended.
(b) The status of any project required or authorized to be funded as identified in subdivision (a) of
Section 50075.1 or Section 53410.
(2) Interest earnings account for the difference between the balance at 6/30/08 plus expenditures
to date and the initial amount deposited.
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2008
BRIDGE AND THOROUGHFARE DISTRICT #2
BEGINNING
BALANCE
2007-08
FEES INTEREST
MISC.
REVENUES
CAPITAL
EXPENDITURES
ENDING
BALANCE
REMAINING
APPR. + ENC.
AT 6/30/08
2008-09 AND
FUTURE
APPROPRIATIONS
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE
POINSETTIA LANE - REACHES A,B,C,F,G & AVIARA PKWY REIMB.
POINSETTIA LANE - REACH E 349,302
1,320,729
12,740,000
2018-23
2011 +
100.00%
100.00%
| 7,057,750 |97,756 |587,295 7,742,801 |349,302 |
Total:
14,060,729
14,410,031
Loan: Received $2,643,344 from the Gas Tax Fund. Loan repayment, from BTD#2 fees, is scheduled for 2008-09. Interest is not charged.
Loan not included in ending balance above.
Fee:Fee per
LFMP Zone ADT*
5
20
21
$ 281.00
1,459.00
1,178.00
•Average daily trip
BRIDGE AND THOROUGHFARE DISTRICT #3
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2008
BEGINNING
BALANCE
Projects:
CANNON ROAD - MITIGATION
2007-08
FEES INTEREST
OTHER
REVENUE
CAPITAL
EXPENDITURES
OTHER
EXPENDITURES
ENDING
BALANCE
(9,905)| 175,032 68,026 ---233,153
REMAINING
APPR. + ENC.
AT 6/30/08
2008-09 AND
FUTURE
APPROPRIATIONS
37,808
37,808 -
Total: 37,808
CONSTRUCTION PERCENTAGE
DATE PAID BY FEE
In Progress 100.00%
Loan: Received $1 ,000,000 loan from the Gas Tax Fund. Loan repayment, from BTD#3 fees, is scheduled for 2008-09. Interest is not charged.
Loan not included in ending balance above.
Fee:$165/Average daily trip
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 & 66006
YEAR ENDED JUNE 30, 2008
COMMUNITY FACILITIES DISTRICT #1
BEGINNING
BALANCE
2007-08
TAXES
2007-08
FEES INTEREST
CAPITAL
EXPENDITURES
OTHER
EXPENDITURES
ENDING
BALANCE
REMAINING
APPR. + ENC.
AT 6/30/08
2008-09 AND
FUTURE
APPROPRIATIONS
CONSTRUCTION
DATE
PERCENTAGE
PAID BY
TAX/FEE
Description
PUBLIC WORKS CENTER
CANNON ROAD WEST - MITIGATION
FARADAY AVE - S. OF CANNON ROAD - MITIGATION
CIVIC CENTER
I-5 AND LA COSTA AVENUE AUXILIARY LANES
LIBRARY EXPANSION (COLE)
LIBRARY EXPANSION (LEARNING CENTER)
VETERAN'S MEMORIAL PARK
ADMINISTRATION COSTS
TRANSFER OUT
CFD TAXES
LICENSE TAX ON NEW CONSTRUCTION
BTD FEES
TRAFFIC IMPACT FEES
PUBLIC FACILITIES FEES
Loans: None
43,459
2,986,741
1,508,559
3,947
76,608
469,238
14,372,100
26,100,000
2,000,000
4,580,016
23,239,800
In Progress
In Progress
In Progress
2012-13
2018-23
2018-23
In Progress
2018-23
60.76%
100.00%
100.00%
100.00%
100.00%
31.78%
73.16%
100.00%
173,962
463,557
2,183,432
46,290
70,668
484,089
| 53,691,831 |2,183,432 |601,047 |3,237,694 |3,030,200 |637,519 |56,046,285 |2,058,352 |
Total:
70,291,916
72,350,268
BTD Fees:
various
Traffic Impact Fee:
$75/Trip - Residential
$30/Trip - Commercial/Industrial
Public Facilities Fee:
1.82% of Building Permit Value
CFD31 Tax Rates:
various
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2008
PARK IN LIEU FEES
BEGINNING
BALANCE
2007-08
FEES INTEREST
OTHER
REVENUE
CAPITAL
EXPENDITURES
ENDING
BALANCE
REMAINING
APPR. + ENC.
AT 6/30/08
2008-09 AND
FUTURE
APPROPRIATIONS
ESTIMATED
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE
Projects:
NORTHEAST QUADRANT -
NORTHEAST QUADRANT -
NORTHEAST QUADRANT -
NORTHWEST QUADRANT
SOUTHEAST QUADRANT -
SOUTHEAST QUADRANT -
SOUTHWEST QUADRANT •
SOUTHWEST QUADRANT •
SOUTHWEST QUADRANT
HIDDEN CANYON PARK (22.3 ACRES)
PARK SITE ACQUISITION (15 ACRES)
PARK SITE DEVELOPMENT (15 ACRES)
- PINE AVENUE PARK -COMMUNITY BLDG - PHASE II
LEO CARRILLO PARK - PHASE III
LEO CARRILLO PARK - EVENT AREA EXPANSION
- AVIARA REIMBURSEMENT AGREEMENT
- AVIARA COMMUNITY PARK COMMUNITY BLDG
- POINSETTIA COMMUNITY PARK - PHASE II
282
4,209,518
20,550
219,100
558,811
1,644,154 |230,940 |347,329 |559.093 | 1.663,33Cl|4,449,168 |
Total:
9,595,650
14,044,818
-
-
4,000,000
1,784,400
866,100
246,450
-
2,698,700
-
Complete
In Progress
2013-18
2018-23
2010-11
In Progress
In Progress
2018-23
In Progress
100.00%
100.00%
100.00%
18.44%
45.04%
100.00%
100.00%
26.12%
3.81%
Loans: - Received $860,000 loan from the General Capital Construction Fund for the Pine School Acquisition. Repayment is scheduled for 2008-09. Interest is not charged.
- Received $320,000 loan from the General Capital Contstruction Fund for the purchase of the Madison Street properties. Repayment is scheduled for 2008-09. Interest is not charged.
- Received $4,550,000 loan from the Public Facilities Fee Fund for the acquisition of the Robertson Ranch Park Site. Repayment is scheduled for 2018-23. Interest is not charged.
Loans not included in ending balance above.
Fee: $3,696 to $5,728/Dwelling Unit (NE.SW.SE Quadrants)
$4,934 to $7,649/Dwelling Unit (NW Quadrant)
FUND 330
FUND 331
FUND 332
FUND 333
BFB
(315,257)
(46,381)
1,029,714
976,078
Fees
202,300
-
28,640
-
Interest Other Rev
58,645
174,290
55,600
58,794
Cap Exp
-
282
558,811
-
EFB
(54,312)
127,627
555,143
1,034,872
1,644,154 230,940 347,329 559,093 1,663,330
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2008
ZONES 5. 13 AND 16 FEES
BEGINNING
BALANCE
2007-08
CONTRIB INTEREST
CAPITAL
EXPENDITURES
ENDING
BALANCE
Proiec
BUSINESS PARK RECREATIONAL FACILITY
REMAINING
APPR. + ENC.
AT 6/30/08
2008-09 AND
FUTURE
APPROPRIATIONS
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE
3,400,000 2018-23 100.00%
1,663,103 | 363,614] 111,701 2,138,418 |- I
Total:
3,400,000
3,400,000
Loans: None
Fee: .40 per square foot/ Industrial & Commercial
Zones 5, 13,16
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2008
PLANNED LOCAL DRAINAGE FEE FUND
BEGINNING 2007-08 CAPITAL ENDING
BALANCE FEES INTEREST EXPENDITURES BALANCE
Projects:
ALL PLD AREAS - MISCELLANEOUS MASTER DRAINAGE FACILITIES
MASTER PLAN UPDATE 16,492
MITIGATION FEE CREDITS 562,500
PLD AREA B - SOUTH CARLSBAD STORM DRAIN - LITIGATION
PLD AREA B - COLLEGE BLVD/CANNON RD REACH 3 DRAINAGE FACILITIES 29,301
PLD AREA B - AGUA HEDIONDA CHANNEL 336,177
PLD AREA B - COLLEGE BLVD BRIDGE FACILITY (REIMS.)
PLD AREA B - FARADAY AVE/MELROSE DR DRAINAGE FACILITIES 14,651
PLD AREA B - PARK DRIVE AND TAMARACK AVE STORM DRAIN
PLD AREA B - TAMARACK AVE /ECR STORMDRAIN/SILTATION BASIN
PLD AREA C - CARLSBAD BLVD ENCINAS CREEK BRIDGE REPLACEMENT
9,873,045 | 62,275 | 581,269 959,121 9,557,468 |
REMAINING 2008-09 AND
APPR. + ENC. FUTURE
AT 6/30/08 APPROPRIATIONS
11,318,800
25,096
-
426,305
2,365,779
90,867
1,911,800
285,349 25,000
631,400
1,323,800
1,593,900
3,193,396 16,804,700
Total: 19,998,096
ESTIMATED
CONSTRUCTION
DATE
2018-23
In Progress
Complete
In Progress
In Progress
In Progress
2013-2018
In Progress
2013-18
2018-23
2008-09
PERCENTAGE
PAID BY FEE
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
Loans: - PLDA B received a $420,021 loan from the General Capital Construction Fund for emergency dredge work. Repayment is scheduled for 2008-09. Interest is not charged.
Fee Per Gross Acre: Low Runoff High Runoff
Area A - Buena Vista Lagoon $ 2,130 $ 3,486
Area B - Agua Hedionda Lagoon 4,578 7,492
Area C - Encinas Creek 3,423 5,602
Area D - Batiquitos Lagoon 46 76
BFB FEES INTEREST CAP EXP EFB
FUND 350 226,229 17,036 7,464 140,625 110,104
FUND 351 5,917,336 42,808 363,033 537,246 5,785,931
FUND 352 3,510,408 - 204,486 140,625 3,574,269
FUND 353 219,072 2,431 6,286 140,625 87,164
9,873,045 62,275 581,269 959,121 9,557,468
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30,2008
TRAFFIC IMPACT FEE FUND
BEGINNING
BALANCE
2007-08
FEES INTEREST
OTHER
REVENUE(1)
OTHER
EXPENDITURES
CAPITAL
EXPENDITURES
ENDING
BALANCE
Projects:
AVENIDA ENCINAS WIDENING - SOUTH OF PALOMAR AIRPORT ROAD
CANNON ROAD REACH 4 (20% FUNDING)
CARLSBAD BOULEVARD MOUNTAIN VIEW TO NORTHERLY CITY LIMITS (20% FUNDING)
CARLSBAD BOULEVARD / PALOMAR AIRPORT ROAD (20% FUNDING)
CARLSBAD BOULEVARD / PALOMAR AIRPORT ROAD (RTCIP / 20% FUNDING)
CARLSBAD BOULEVARD WIDENING - CANNON TO MANZANO
CARLSBAD VILLAGE DRIVE - PONTIAC TO VICTORIA
EL CAMINO REAL AND CARLSBAD VILLAGE DRIVE DUAL LEFT TURNS
EL CAMINO REAL AND FARADAY AVENUE
EL CAMINO REAL LEFT TURN LANE TO WEST TAMARACK
EL CAMINO REAL RIGHT TURN LANE TO NORTH ALGA ROAD
EL CAMINO REAL / CANNON ROAD INTERCHANGE IMPROVEMENTS
EL CAMINO REAL / CANNON ROAD INTERCHANGE IMPROVEMENTS (RTCIP)
EL CAMINO REAL WIDENING - ARENAL ROAD TO LA COSTA AVENEUE (RTCIP)
EL CAMINO REAL WIDENING - ARENAL ROAD TO LA COSTA AVENEUE
EL CAMINO REAL WIDENING - TAMARACK TO CHESTNUT
EL CAMINO REAL WIDENING - TAMARACK TO CHESTNUT (RTCIP)
EL CAMINO REAL WIDENING - S. CHESTNUT & S. ALGA
EL CAMINO REAL WIDENING - TAMARACK AVENUE TO CHESTNUT AVE.
MELROSE DRIVE AND ALGA ROAD DUAL LEFT TURN LANES (RTCIP)
MELROSE DRIVE TURN LANE TO WEST PALOMAR AIRPORT ROAD
PALOMAR AIRPORT ROAD AND COLLEGE BOULEVARD
PALOMAR AIRPORT ROAD TURN LANE TO SOUTH EL CAMINO REAL
PALOMAR AIRPORT ROAD TURN LANE TO NORTH EL FUERTE STREET
PALOMAR AIRPORT ROAD TURN LANE TO SOUTH MELROSE DRIVE
PALOMAR AIRPORT ROAD WIDENING AT PASEO DEL NORTE
POINSETTIA LANE WIDENING - PASEO DEL NORTE TO BATIQUITOS (RTCIP)
SIDEWALK/STREET CONSTRUCTION - VALLEY AND MAGNOLIA SIDEWALKS
SIDEWALK/STREET CONSTRUCTION PROGRAM
TRAF SIG - FARADAY AVENUE AND ORION STREET
TRAFFIC MONITORING PROGRAM
TRAFFIC SIGNALS - AVIARA PARKWAY - POINSETTTIA TO EL CAMINO REAL
REMAINING
APPR. + ENC.
AT 6/30/08
2008-09 AND
FUTURE
APPROPRIATIONS
ESTIMATED
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE
61,366
425
266,809
32,715
36,226
20
72,388
64,925
522,115
785,604
449,801
53,774
1,395,672
120,386
19,495
10,776.960| 1.020,260 | 664,502 | 463,557]469,949 I 12,455,330 |3,411,772 49,043,456
Total: 52,455,228
(1) Transfer in to correct the TIF/CFD fee ratio.
Loans: None
4,820,000
5,400,000
2,541,200
712,400
2,815,000
5,360,000
4,841,000
' 865,000
-
253,000
335,000
1,231,000
974,000
601,000
1,704,000
5,751,200
422,000
-
-
946,000
410,000
587,000
568,000
916,000
88,500
719,000
2,287,000
540,000
1,900,000
-
1,456,156
-
2009+
2018-23
2018-23
2018-23
2018-23
2018-23
2018-23
2013-18
Complete
2009-10
2013-18
2009+
2010-11
2013-18
2013-18
2008-09
2009-10
In Progress
In Progress
2018-23
2010-11
2009-10
2013-18
2013-18
2008-09
In Progress
2018-23
In Progress
Ongoing
Complete
Ongoing
In Progress
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
3.78%
Fees: $115.00/Trip - Residential
$46.00/7rip - Commercial/Industrial
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2008
PUBLIC FACILITIES FEES
Projects:
BEGINNING 2007-08
BALANCE FEES INTEREST
ALGA NORTE PARK - PHASE 1 - 30 ACRES DEVELOP. (SE QUAD)
OTHER CAPITAL OTHER
REVENUE (1) EXPENDITURES EXPENDITURES
371,007
ALGA NORTE PARK - PHASE 1 1- 50 METER POOL (SE QUAD)
AVIARA COMMUNITY PARK - 24.25 ACRES (SW QUAD)28,704
REMAINING
ENDING APPR. + ENC.
BALANCE AT 6/30/08
20,482,307
5,599,695
9,355
AVIARA COMMUNITY PARK - COMMUNITY BUILDING
CANNON ROAD AND AVENIDA ENCINAS 185
EL CAMINO REAL MEDIANS
EL CAMINO REAL MEDIANS - LA COSTA
FIRE STATION #3 - RELOCATION
FIRE STATION #6 - PERMANENT 4,471,606
149,815
765,470
90,500
1,000,000
877,551
LEO CARRILLO PARK - PHASE III
LEO CARRILLO RANCH BARN RESTORATION 7 23
LIBRARY EXPANSION (COLE)
PINE AVENUE PARK - PINE COMMUNITY BUILDING - PHASE II
PINE AVENUE PARK - PHASE 1
POINSETTIA COMMUNITY PARK - PARKING
POINSETTIA COMMUNITY PARK - PHASE II (SW QUAD)
POINSETTIA LANE AND EL FUERTE STREET
43,888,950 3,339,539 2,857,669
4,843
37,883
681,517
209,235
1,984,272 5,804,987
-
22,332
299,512
*
46,265,443 29,296,560
Total:
2008-09 AND
FUTURE
APPROPRIATIONS
-
-
-
7,632,200
-
-
-
6,001,000
-
1,057,000
1,000,000
9,832,400
7,892,000
-
903,185
13,011,000
~
47,328,785
76,625,345
ESTIMATED
CONSTRUCTION
DATE
In Progress
In Progress
In Progress
2018-23
In Progress
In Progress
In Progress
2008+
In Progress
2009+
In Progress
2018-23
2018-23
Complete
2008-09
2012+
Complete
PERCENTAGE
PAID BY FEE
100.00%
21.54%
100.00%
73.88%
100.00%
37.70%
100.00%
92.84%
100.00%
54.96%
67.38%
68.22%
81.56%
100.00%
100.00%
96.19%
100.00%
(1) Includes grant revenue for Pine Avenue Park and rental revenue.
Loans: None
Fee:3.50% of Building Permit Value
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2008
MAJOR FACILITIES FEE FUNDS (POTABLE/RECYCLED WATER)
BEGINNING 2007-08
BALANCE FEES
Projects:
"D" RESERVOIR
MISC CAPITAL
INTEREST REVENUE EXPENDITURES E
-
CALAVERA HILLS WATER BOOSTER STATION STANDBY GENERATOR
MAERKLE PUMP STATION IMPROVEMENTS
MAERKLE RESERVOIR STORAGE
-
-
MARRON ROAD PRESSURE REGULATING STATION TO O'SIDE
MASTER PLAN UPDATE -
PALOMAR AIRPORT ROAD/EL CAMINO REAL PUMP STATION 1 90,260
PHASE II RECYCLED WATER PROJECT
WATERLINE - COLLEGE BLVD - CANNON TO BADGER
476,121
-
WATERLINE - COLLEGE BLVD - ECR TO CANNON - REIMBURSEMENT
WATERLINE - EL CAMINO REAL - COLLEGE TO JACKSPAR 91 ,954
WATERLINE - EL CAMINO REAL CROSSING AT KELLY DRIVE 1 87,506
WATERLINE - EL FUERTE - NORTH OF LOKER - REIMBURSEMENT
WATERLINE - FARADAY AVE - ORION WAY TO MELROSE DRIVE
WATERLINE - FARADAY AVENUE EXTENSION - REIMBURSEMENT
WATERLINE - MELROSE DRIVE - PAR TO FARADAY - REIMBURSEMENT
WATERLINE - POINSETTIA LANE - EAST OF BLACK RAIL ROAD
WATERLINE - POINSETTIA LANE - EL CAMINO REAL TO SKIMMER COURT
WATERLINE - POINSETTIA LANE - SKIMMER COURT TO CASSIA
WATERLINE - RANCHO CARRILLO OVERSIZING/EXTENSION 6,401
I 18,285,571 | 2,038,688
Loans: None.
1,121,195 - | 1,129,291
REMAINING 2008-09 AND
ENDING APPR. + ENC. FUTURE
iALANCE AT 6/30/08 APPROPRIATIONS
6,410,100
485,200
54,425 716,900
14,244,500
767,200
500,000
118,073
-
760,800 1,066,000
530,000
100,440
60,870
148,750 101,250
85,471 790,000
776,000
1,475,000
230,500
125,700
383,600
31,924
20,316,163 1,360,753 | 28,601,950
Total 29,962,703
ESTIMATED
CONSTRUCTION
DATE
2013-18
2010+
2013-18
2011-12
2018-23
In Progress
In Progress
Complete
2008-09
2008-09
In Progress
In Progress
In Progress
In Progress
2009-10
2008-09
2013-18
2013-18
2013-18
Complete
PERCENTAGE
PAID BY FEE
75.00%
100.00%
50.00%
100.00%
100.00%
100.00%
50.18%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
50.00%
100.00%
44.00%
100.00%
Fee:$3,549 (5/8" Meter Size). Fees vary depending on meter size.
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2008
SEWER BENEFIT AREA FUNDS (516/517)
BEGINNING
BALANCE
2007-08
FEES INTEREST
OTHER
REVENUE
CAPITAL
EXPENDITURES
ENDING
BALANCE
REMAINING
APPR. + ENC.
AT 6/30/08
2008-09 AND
FUTURE
APPROPRIATIONS
ESTIMATED
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE
AVIARA LAND ASSOCIATES REIMBURSEMENT AGREEMENT(L)
CARLSBAD TRUNK SEWER REACHES VCT1A-1C
CONTINENTAL REIMBURSEMENT AGREEMENT (H)
SOUTH AGUA HEDIONDA LIFT STATION & FORCE MAIN - PHASE II & III
1,822
118,875
15,035
488,824 646,993 254,792
603,110
120,600
810,784
In Progress
2012-13
In Progress
Complete
100.00%
100.00%
100.00%
100.00%
135,732 | 1,254,877]- I
Total:
1,534,494
1,534,494
Loans: Loan for $3,270,000 in Area E from the Sewer Replacement Fund for the South Agua Hedionda Interceptor project.
Repayment scheduled for 2008-09. Interest is not charged.
Loans not included in ending balance above.
Fee:$ 468.00
824.00
2,003.00
2,007.00
2,960.00
2,976.00
-Area A
-Area B
-Area C
-Area D
-Area E
-Area F
$ 127.00
956.00
1,647.00
1,302.00
64.00
-Area G
-Area H
-Area J
-Area L
-Area M
Areas I and K were merged into Area L.
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2008
WASTEWATER CONNECTION FEE FUND
BEGINNING
BALANCE
2007-08
FEES INTEREST
Projects:
VISTA/CARLSBAD INTERCEPTOR - AGUA HEDIONDA LIFT STATION
BUENA VISTA LIFT STATION FORCE MAIN
ENCINA PHASE V EXPANSION
ENCINA REVENUE BOND DEBT SERVICE
WASTEWATER MONITORING PROGRAM
VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 11B)
VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 3)
VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 13-15)
SETTLEMENTS - VISTA CARLSBAD INTERCEPTOR
28,386,612 872,512 1,500,01
OTHER CAPITAL ENDING
REVENUE (1) EXPENDITURES BALANCE
41,150
5,802,029
921,507
564
150,516
256,394
7 51, 119 | 7,172,160 | 23,638,100
REMAINING
APPR. + ENC.
AT 6/30/08
2008-09 AND
FUTURE
APPROPRIATIONS
ESTIMATED
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE
(1) Includes transfer in for debt service ($51,119).
Loans: None.
1,687,941
1,211,646
66,000
3,542,787
1,198,753
7,707,127 |
Total:
43,708,004
51,415,131
15,580,640
2,850,000
-
6,522,144
286,000
2,881,000
2,688,220
12,900,000
In Progress
2008-09
In Progress
In Progress
In Progress
In Progress
2010-11
In Progress
69.10%
89.60%
100.00%
100.00%
100.00%
69.10%
89.60%
56.10%
Fee: $1,096 - General Capacity Fee for all Areas