Loading...
HomeMy WebLinkAbout2010-12-07; City Council; 20414; REPORT CAPITAL FUNDS SPECIAL TAXESCITY OF CARLSBAD - AGENDA BILL AB# MTG. DEPT. 20,414 12/07/10 FIN ANNUAL FINANCIAL REPORT ON CAPITAL FUNDS AND SPECIAL TAXES PURSUANT TO GOVERNMENT CODE SECTIONS 50075, 66001, AND 66006 DEPT. HEAD ^ CITYATTY. <&>' CITY MGR. (y^ RECOMMENDED ACTION: Adopt Resolution No. 2010-267 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 aaron.beanan@carlsbadca.gov FOR CITY CLERKS USE ONLY. COUNCIL ACTION: APPROVED DENIED CONTINUED WITHDRAWN AMENDED * D D D D CONTINUED TO DATE SPECIFIC CONTINUED TO DATE UNKNOWN RETURNED TO STAFF OTHER -SEE MINUTES D D D D Page 2 The City's Community Facilities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 2010-11 Capital Improvement Program 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 2010-11 Capital Improvement Program that was adopted by Council in June 2010 and in the Comprehensive Annual Financial Report that will be available in December 2010. 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. 2. demonstration of a reasonable relationship between the fee and the purpose for which it is charged. PageS 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 2010- 11 Capital Improvement Program 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. 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. 2010-267 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 2010-11 Capital Improvement Program on file with the City Clerk. Exhibit 1 1 RESOLUTION NO. 2010-267 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 AND5 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 fee 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 2010-11 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 66006.18 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 Government23 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 3 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 2010-11 Operating Budget and Capital Improvement Program, which is8 incorporated herein by reference,y 10 I' 11 " 12 // 13 I' 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 7th day of December, 2010, by the following vote to wit: AYES: Council Members Lewis, Kulchin, Hall, Packard and Blackburn. NOES: None. ABSENT: None. '. LEWlsT Mayor ATTEST: (SEAL) FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 YEAR ENDED JUNE 30, 2010 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 06/30/2010(2) $ 1,638,530 Expenditures To Date (2) $ 12,107,687 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, fair share contributions, and interest earnings account for the difference between the balance at 6/30/10 plus expenditures to date and the initial amount deposited. FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 YEAR ENDED JUNE 30, 2010 COMMUNITY FACILITIES DISTRICT #3 IMPROVEMENT AREA 2(1) Date of Issuance 02/21/2008 Initial Amount Deposited To Improvement Fund $ 11,844,689 Balance at 06/30/2010(2) $ 424,472 Expenditures To Date (2) $ 11,473,044 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 6/30/10 plus expenditures to date and the initial amount deposited. FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2010 BRIDGE AND THOROUGHFARE DISTRICT #2 BEGINNING BALANCE 2009-10 FEES INTEREST MISC. REVENUES CAPITAL EXPENDITURES OTHER EXPENDITURES ENDING BALANCE REMAINING APPR. + ENC. AT 6/30/10 2010-11 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 1,373,558 13,185,600 2021-25 2013+ 100.00% 100.00% | 8,179,118 212,563 232,723 8,158,958 349,302 14,559,158 Total: 14,908,460 Loan: None Fee: LFMP Zone Fee per ADT* 5 $ 20 21 "Average daily trip 291.00 1,513.00 1,222.00 FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2010 BRIDGE AND THOROUGHFARE DISTRICT #3 BEGINNING BALANCE 2009-10 FEES INTEREST OTHER REVENUE CAPITAL EXPENDITURES OTHER EXPENDITURES ENDING BALANCE REMAINING APPR. + ENC. AT 6/30/10 2010-11 AND FUTURE APPROPRIATIONS CONSTRUCTION DATE PERCENTAGE PAID BY FEE CANNON ROAD - MITIGATION 100,756 In Progress 185,901 2,896 88,041 100,756 |100,756 Total:100,756 100.00% Loan: None Fee: $171/Average daily trip FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 & 66006 YEAR ENDED JUNE 30, 2010 COMMUNITY FACILITIES DISTRICT #1 BEGINNING BALANCE 2009-10 TAXES 2009-10 FEES INTEREST OTHER REVENUE (1) CAPITAL EXPENDITURES OTHER EXPENDITURES ENDING BALANCE REMAINING APPR. + ENC. AT 6/30/10 2010-11 AND FUTURE APPROPRIATIONS CONSTRUCTION DATE PERCENTAGE PAID BY TAX/FEE PUBLIC WORKS CENTER CIVIC CENTER I-5 AND LA COSTA AVENUE AUXILLIARY LANES LIBRARY EXPANSION (COLE) LIBRARY EXPANSION (LEARNING CENTER) VETERAN'S MEMORIAL PARK ADMINISTRATION COSTS CFD TAXES BTD FEES TRAFFIC IMPACT FEES PUBLIC FACILITIES FEES (1) Consists of district annexation fees. Loans: None 29,369 81,269 4,022,261 11,812,100 26,100,000 2,000,000 4,763,217 23,239,800 147,526 1,888,985 2,650 144,444 59,713,006 |1 ,888,985 |147,094 |1,529,545 |2,542 |110,638 |147,526 |63,023,008 |4,022,261 | Total: 67,915,117 71,937,378 In Progress 2016-20 2021-25 2021-25 Complete 2021-25 60.76% 100.00% 100.00% 32.76% 73.16% 100.00% BTD Fees: various Traffic Impact Fee: $2,242/Unit-Residential $89.68/Trip - Commercial/Industrial Public Facilities Fee: 1.82% of Building Permit Value CFD#1 Tax Rates: various FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2010 PARK IN LIEU FEES BEGINNING BALANCE 2009-10 FEES INTEREST OTHER REVENUE CAPITAL EXPENDITURES ENDING BALANCE REMAINING APPR. + ENC. AT 6/30/1 0 2010-11 AND FUTURE APPROPRIATIONS ESTIMATED CONSTRUCTION DATE PERCENTAGE PAID BY FEE NORTHEAST QUADRANT - NORTHWEST QUADRANT • NORTHWEST QUADRANT • SOUTHEAST QUADRANT - SOUTHEAST QUADRANT - SOUTHWEST QUADRANT • SOUTHWEST QUADRANT - ROBERTSON RANCH PARK DEVELOPMENT • PINE AVENUE PARK -COMMUNITY BLDG - PHASE II • PINE AVENUE PARK-PINE PARK MADISON PROPERTIES, PHASE 1 LEO CARRILLO PARK - PHASE III LEO CARRILLO PARK - EVENT AREA EXPANSION • AVIARA REIMBURSEMENT AGREEMENT • AVIARA COMMUNITY PARK COMMUNITY BLDG 22,920 219,100 (2,212.040)1 51,074 |62,640 |22,920 | (2,121,246)1 219,100 | Total: 7,294,524 7,513,624 1,800,000 1,751,776 70,000 866,100 - - 2,806,648 2011 + 2021-25 2010-11 2014-15 Complete In Progress 2021-25 100.00% 18.11% 100.00% 45.04% 100.00% 100.00% 26.12% Loans: - Received a $4,550,000 loan from the Public Facilities Fee Fund for the acquisition of the Robertson Ranch Park Site. Repayment is scheduled for 2021-25. Interest is not charged. Loans not included in ending balance above. Fee: $3,696 to $5,728/Dwelling $4,934 to $7,649/Dwelling FUND 330 FUND 331 FUND 332 FUND 333 Unit (NE.SW.SE Quadrants) Unit (NW Quadrant) BFB Fees 13,326 51,074 (3,700,259) 580,050 894,843 Interest Other Rev 1,725 22,649 15,460 22,806 Cap Exp EFB 66,125 (3,677,610) 595,510 22,920 894,729 (2,212,040)51,074 62,640 22,920 (2,121,246) FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2010 ZONES 5. 13 AND 16 FEES BEGINNING BALANCE 2009-10 CONTRIB INTEREST CAPITAL EXPENDITURES ENDING BALANCE REMAINING APPR. + ENC. AT 6/30/10 2010-11 AND FUTURE APPROPRIATIONS CONSTRUCTION DATE PERCENTAGE PAID BY FEE Projects^ BUSINESS PARK RECREATIONAL FACILITY 3,400,000 2021-25 100.00% 2,319,239 17,758 62,375 2,399,372 3,400,000 Total: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, 2010 PLANNED LOCAL DRAINAGE FEE FUND BEGINNING 2009-10 BALANCE FEES Projects: CAPITAL ENDIN INTEREST EXPENDITURES BALAN PLD AREA A - MASTER DRAINAGE PLAN PROJECT AAA (Jefferson Street) PLD AREA A - MASTER DRAINAGE PLAN PROJECT AAAA (Madison Street) PLD AREA A - MASTER DRAINAGE PLAN PROJECT AC (Highland Drive/Hosp Grove 1 ,854 PLD AREA A - MASTER DRAINAGE PLAN PROJECT AFA (Hidden Valley Drainage Re PLD AREA A - MASTER DRAINAGE PLAN PROJECT AFB (Calavera Hills Drainage Re PLD AREA B - AGUA HEDIONDA CHANNEL (FACILITY B PLD AREA B - BCC DRAINAGE FACILITY (REIMB) + BN) 247,214 207,057 PLD AREA B - COLLEGE BLVD. BRIDGE (REIMB. FACILITY BL-L ) PLD AREA B - COLLEGE BLVD/CANNON RD (FACILITY BJ B + BNB + BJ-1) 15,815 PLD AREA B - PARK DRIVE AND TAMARACK AVENUE STORM DRAIN (FACILITY BC PLD AREA B - TAMARACK AND ECR STORM DRAIN AND SILT. BASIN (REIMB. BFB- PLD AREA B - MASTER DRAINAGE PLAN PROJECT BB 1 and 2 (Washington Street) PLD AREA B - MASTER DRAINAGE PLAN PROJECT BCB (Magnolia Avenue) PLD AREA B - MASTER DRAINAGE PLAN PROJECT BFA (Country Store) PLD AREA B - MASTER DRAINAGE PLAN PROJECT BFB-U (El Camino Real) PLD AREA B - MASTER DRAINAGE PLAN PROJECT BL-U (College Blvd. Drainage) PLD AREA B - MASTER DRAINAGE PLAN PROJECT BM (College Blvd./Canatarini Bo: PLD AREA B - MASTER DRAINAGE PLAN PROJECT BQ (Sunnycreek Road) PLD AREA B - MASTER DRAINAGE PLAN PROJECT BR (Canatarini/College Blvd.) PLD AREA C - CARLSBAD BOULEVARD ENCINAS CREEK BRIDGE REPLACEMENT 1 ,566,558 PLD AREA C - MASTER DRAINAGE PLAN PROJECT C2 (Paseo Del Norte) PLD AREA C - MASTER DRAINAGE PLAN PROJECT CA (Avenida Encinas) PLD AREA D - MASTER DRAINAGE PLAN PROJECT DBA (Poinsettia Village) PLD AREA D - MASTER DRAINAGE PLAN PROJECT DBB (Avenida Encinas) PLD AREA D - MASTER DRAINAGE PLAN PROJECT DFA (Batiquitos Lagoon) PLD AREA D - MASTER DRAINAGE PLAN PROJECT DH (Altiva Place Canyon) PLD AREA D - MASTER DRAINAGE PLAN PROJECT DOB (La Costa Town Center) PLD AREA D - MASTER DRAINAGE PLAN PROJECT DZ (Poinsettia Lane) 8,426,088 49,936 184,571 2,038,498 6,622 REMAINING 2010-11 AND G APPR. + ENC. FUTURE CE AT 6/30/10 APPROPRIATIONS 289,534 416,500 128,146 842,913 91,608 163,164 2,078,587 200,000 304,921 1,816,101. 660,945 1,068,613 904,329 1,086,065 468,096 963,673 138,220 384,509 204,077 131,355 180,773 686,665 727,730 529,402 167,215 429,108 256,423 232,812 745,842 642,063 ,097 3,859,264 | 13,080,125 Total: 16,939,389 ESTIMATED CONSTRUCTION DATE 2021-25 2021-25 In Progress 2021-25 2021-25 In Progress Complete 2016-20 In Progress 2016-20 2021-25 2021-25 2021-25 2021-25 2021-25 2021-25 2021-25 2021-25 2021-25 In Progress 2021-25 2021-25 2021-25 2021-25 2021-25 2021-25 2021-25 2021-25 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% 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% FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2010 PLANNED LOCAL DRAINAGE FEE FUND (Continued) Loans:None Fee Per Gross Acre: Area A - Area B - Area C - Area D - FUND 350 FUND 351 FUND 352 FUND 353 Buena Vista Lagoon Agua Hedionda Lagoon Encinas Creek Batiquitos Lagoon BFB 117,121 4,845,031 3,372,864 91,072 8,426,088 Low Runoff $ 5,270 $ 1,970 1,912 1,813 FEES 15,621 28,817 - 5,498 49,936 High Runoff 22,837 8,535 8,287 7,857 INTEREST 3,500 117,569 60,933 2,569 184,571 CAP EXP EFB 1,854 134,388 470,087 4,521,330 1,566,557 1,867,240 99,139 2,038,498 6,622,097 FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2010 TRAFFIC IMPACT FEE FUND BEGINNING BALANCE 2009-10 FEES INTEREST OTHER REVENUE (1) OTHER EXPENDITURES CAPITAL EXPENDITURES ENDING BALANCE REMAINING APPR. + ENC. AT 6/30/10 2010-11 AND FUTURE APPROPRIATIONS ESTIMATED CONSTRUCTION DATE PERCENTAGE PAID BY FEE AVENIDA ENCINAS WIDENING - SOUTH OF PALOMAR AIRPORT ROAD CARLSBAD BLVRD REALIGNMENT / PALOMAR AIRPORT ROAD (SEGMENT 2) (20%) CARLSBAD BLVRD REALIGNMENT / PALOMAR AIRPORT ROAD (SEGMENT 2) (RTCIP / 20%) CARLSBAD BOULEVARD MOUNTAIN VIEW TO NORTHERLY CITY LIMITS (20% FUNDING) CARLSBAD BOULEVARD MOUNTAIN VIEW TO NORTHERLY CITY LIMITS -(RTCIP/20% FUNDING) CARLSBAD BOULEVARD WIDENING - CANNON TO MANZANO (SEGMENT 1) CARLSBAD VILLAGE DRIVE - PONTIAC TO VICTORIA CFD #3 - PAR TURN LANE TO MELROSE EL CAMINO REAL AND CARLSBAD VILLAGE DRIVE DUAL LEFT TURNS 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 WIDENING - ARENAL ROAD TO LA COSTA AVENEUE (RTCIP) EL CAMINO REAL WIDENING - ARENAL ROAD TO LA COSTA AVENEUE EL CAMINO REAL WIDENING - S. CHESTNUT & S. ALGA EL CAMINO REAL WIDENING - TAMARACK AVENUE TO CHESTNUT AVE. EL CAMINO REAL WIDENING - TAMARACK AVENUE TO CHESTNUT AVE. (RTCIP) 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 WIDENING AT PASEO DEL NORTE POINSETTIA LANE WIDENING - PASEO DEL NORTE TO BATIQUITOS (RTCIP) SIDEWALK/STREET CONSTRUCTION - VALLEY AND MAGNOLIA SIDEWALKS SIDEWALK/STREET CONSTRUCTION - VALLEY AND MAGNOLIA SIDEWALKS (Reimb - 20A) SIDEWALK/STREET CONSTRUCTION PROGRAM TRAFFIC IMPACT FEE UPDATE TRAFFIC MONITORING PROGRAM TRAFFIC SIGNALS - AVIARA PARKWAY - POINSETTTIA TO EL CAMINO REAL 1,430 2,954 229,674 3,846 1,138,898 5,134 31,606 79,780 395 56,082 76,306 522,115 6,001,043 422,000 583,154 439,076 1,746,241 145,993 19,100 13,184,827 | 1,282,743 | 456,954] 167,130 |1,493,717 | 13,597,937 | (1) Includes reimbursement from various entities for their fair share contribution on various capital projects. 10,011,110 | Total: 31,359,252 41,370,362 5,177,000 740,896 2,927,600 782,496 1,012,960 5,574,400 2,466,880 - 899,600 286,000 348,400 589,000 625,040 1,772,160 - - 983,840 410,000 - 590,720 952,640 - 825,760 955,860 490,000 1,500,000 200,000 1,248,000 - In Progress 2021-25 2021-25 2021-25 2021-25 2021-25 2021-25 In Progress 2016-20 2012-13 2016-20 2012-13 2014-15 2014-15 In Progress In Progress In Progress 2021-25 2010-11 In Progress 2014-15 2016-20 In Progress 2021-25 In Progress 2011-12 Ongoing 2011-12 Ongoing In Progress 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 34.78% 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% Loans: - Received a $2,857,238 loan from the CFD #1 Fund for the construction of several circulation element roadways. - $2,816,498 is still outstanding. Loans not included in ending balance above. Repayment is scheduled as fees are collected. Interest is not charged. Fees: $265.00/ADT - Single Family Residential $265.00/ADT - Condominium $265.00/ADT - Apartment $106.00/Trip - Commercial/Industrial FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2010 PUBLIC FACILITIES FEES BEGINNING BALANCE Projects: 2009-10 FEES INTEREST ALGA NORTE PARK - PHASE I - 30 ACRES DEVELOP. (SE QUAD) OTHER CAPITAL OTHER REVENUE EXPENDITURES EXPENDITURES 1,112,694 ALGA NORTE PARK - PHASE I I- 50 METER POOL (SE QUAD) REMAINING ENDING APPR. + ENC. BALANCE AT 6/30/10 19,302,159 5,599,547 AVIARA COMMUNITY PARK - COMMUNITY BUILDING CANNON ROAD AND AVENIDA ENCINAS EL CAMINO REAL MEDIANS EL CAMINO REAL MEDIANS - LA COSTA FIRE STATION #3 - RELOCATION FIRE STATION #6 - PERMANENT LEO CARRILLO PARK- PHASE III LEO CARRILLO BARN LIBRARY EXPANSION (COLE) - - - - 13,766 - 26,066 - 149,700 765,470 - - 129,032 - 473,934 - PINE AVENUE PARK - PINE COMMUNITY BUILDING - PHASE II PINE AVENUE PARK -RESTROOMS/STORAGE BLDG POINSETTIA COMMUNITY PARK - PARKING 305,434 POINSETTIA COMMUNITY PARK - PHASE III (SW QUAD) 47,678,135 2,061,719 1,178,799 1,457,960 12,881 137,442 17,053 49,447,812 26,574,337 Total: 2010-11 AND FUTURE APPROPRIATIONS - - 7,937,488 - - 1,390,500 7,630,000 - 1,057,000 - 9,776,000 7,919,958 376,656 - 13,531,440 49,619,042 76,193,379 ESTIMATED CONSTRUCTION DATE In Progress In Progress 2021-25 In Progress In Progress 2013+ 2010+ In Progress 2013+ In Progress 2021-25 2021-25 2010-11 In Progress In Progress PERCENTAGE PAID BY FEE 100.00% 21.54% 73.88% 100.00% 24.09% 100.00% 94.11% 100.00% 54.96% 100.00% 67.24% 81.89% 79.02% 100.00% 100.00% Loans:None Fee:3.50% of Building Permit Value FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2010 MAJOR FACILITIES FEE FUNDS (POTABLE/RECYCLED WATER) BEGINNING BALANCE Projects: "D" RESERVOIR 2009-10 MISC CAPITAL E FEES INTEREST REVENUE EXPENDITURES B - 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 243,874 RECYCLED WATER - IRRIGATION SERVICE 1 1 ,759 RECYCLED WATER - INNOVATION WAY/GATEWAY 83,267 WATERLINE - COLLEGE BLVD - CANNON TO BADGER WATERLINE - COLLEGE BLVD - ECR TO CANNON - REIMBURSEMENT WATERLINE - EL FUERTE - NORTH OF LOKER - REIMBURSEMENT 64,098 WATERLINE - FARADAY - ORION TO MELROSE - REIMBURSEMENT 234,218 WATERLINE - FARADAY AVENUE EXTENSION - REIMBURSEMENT 401,619 WATERLINE - MELROSE DRIVE - PAR TO FARADAY - REIMBURSEMENT 61,120 WATERLINE - POINSETTIA LANE - EAST OF BLACK RAIL ROAD WATERLINE - POINSETTIA LANE - EL CAMINO REAL TO SKIMMER COURT WATERLINE - POINSETTIA LANE - SKIMMER COURT TO CASSIA 20,316,163 1,098,541 577,495 22,090 1,099,955 2 Loans: None. REMAINING 201 0-11 AND ESTIMATED NDING APPR. + ENC. FUTURE CONSTRUCTION ALANCE AT 6/30/10 APPROPRIATIONS DATE 6,666,504 2016-20 502,444 2013-14 1,000,200 2014-15 14,814,280 2011-12 797,888 2021 + 378,917 50,000 In Progress 209,922 - In Progress 561,821 - In Progress 1,066,000 - 2010-11 1,060,000 - 2010-11 185,902 - In Progress Complete Complete 1,413,880 - In Progress 239,720 2016-20 130,728 2016-20 398,944 2016-20 0,914,334 4,876,442 24,600,708 Total 29,477,150 PERCENTAGE PAID BY FEE 75.00% 100.00% 51.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 50.00% 100.00% 44.00% Fee:$3,549 (5/8" Meter Size). Fees vary depending on meter size. FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2010 SEWER BENEFIT AREA FUNDS (516/517) BEGINNING BALANCE 2009-10 FEES INTEREST OTHER REVENUE CAPITAL EXPENDITURES ENDING BALANCE REMAINING APPR. + ENC. AT 6/30/10 2010-11 AND FUTURE APPROPRIATIONS ESTIMATED CONSTRUCTION DATE PERCENTAGE PAID BY FEE AVIARA LAND ASSOCIATES REIMBURSEMENT AGREEMENT(J.L) CARLSBAD TRUNK SEWER REACHES VCT1A-1C CONTINENTAL REIMBURSEMENT AGREEMENT (H) KELLY LAND COMPANY REIMBURSEMENT TERRACES AT SUNNY CREEK REIMBURSEMENT 1.035,049 | 323,939] 27,636 | 182,213 111,113 129,972 423,298 963,326 Total: 595,678 567,006 565,448 688,893 805,817 3,222,836 3,222,836 Complete 2011-12 Complete Complete Complete 100.00% 100.00% 100.00% 100.00% 100.00% Loans: None. Fee:$ 955.00 1,087.00 2,003.00 2,007.00 2,960.00 2,976.00 -Area A -Area B -Area C -Area D -Area E -Area F $ 600.00 873.00 1,647.00 1,302.00 1,302.00 64.00 -Area G -Area H -Area J -Area K -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, 2010 WASTEWATER CONNECTION FEE FUND BEGINNING BALANCE Projects: 2009-10 FEES INTEREST (2) VISTA/CARLSBAD INTERCEPTOR - AGUA HEDIONDA LIFT STATION BUENA VISTA LIFT STATION FORCE MAIN ENCINA PHASE V EXPANSION ENCINA REVENUE BOND DEBT SERVICE SEWER MASTERPLAN UPDATE WASTEWATER MONITORING PROGRAM (2) VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 11B) OTHER CAPITAL REVENUE (1) EXPENDITURES 1,295,337 64,418 427,731 918,319 88,736 17,000 17,581 ENDING BALANCE (2) VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 3) (2) VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 13-15) 20,927,701 459,555 445,918 31,038 2,414,970 2,860,160 21,387,984 REMAINING APPR. + ENC. AT 6/30/10 2010-11 AND FUTURE APPROPRIATIONS ESTIMATED CONSTRUCTION DATE PERCENTAGE PAID BY FEE (2) 15,656,122 5,617,620 351,325 9,685 60,000 5,703,105 13,700,948 41,098,805 | Total: 32,982,167 74,080,972 11,000,000 4,651,967 242,000 3,000,000 2,688,200 11,400,000 In Progress In Progress Complete In Progress In Progress In Progress In Progress 2012-13 In Progress 30.90% 10.40% 100.00% 100.00% 100.00% 100.00% 30.90% 10.40% 43.90% (1) Includes transfer in for debt service ($50,977) and Vista share of Vista/Carlsbad projects ($2,363,993). (2) These are joint projects with the City of Vista - the percentage paid by fee is Carlsbad's percentage of the total future appropriations. Carlsbad is the lead agency and will receive reimbursement from the City of Vista for their share. Loans: None Fee: $1,096 - General Capacity Fee for all Areas