Loading...
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 COUNCIL ACTION: APPROVED DENIED CONTINUED WITHDRAWN AMENDED 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 nnn 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 " 11 // 12 // 13 // 14 // 15 // 16 // 17 // 18 // 19 // 20 // 21 // 22 // 23 // 24 // 25 // 26 // 27 // 28 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 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