HomeMy WebLinkAbout2011-12-06; City Council; 20741; ANNUAL FINANCIAL REPORT CAPITAL FUNDS TAXESCITY OF CARLSBAD - AGENDA BILL
AB# 20,741
MTG. 12/06/11
DEPT. FIN
ANNUAL FINANCIAL REPORT ON
CAPITAL FUNDS AND SPECIAL TAXES
PURSUANT TO GOVERNMENT CODE
SECTIONS 50075, 66001, AND 66006
DEPT. HEAD ^
CITY ATTY. ({&,.
CITY MGR. \jj-^
RECOMMENDED ACTION:
Adopt Resolution No. 2011-270 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WITHDRAWN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
CONTINUED TO DATE SPECIFIC D
CONTINUED TO DATE UNKNOWN D
RETURNED TO STAFF D
OTHER - SEE MINUTES 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 2011-12 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 2011-12 Capital
Improvement Program that was adopted by Council in June 2011 and in the Comprehensive
Annual Financial Report that will be available in December 2011.
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,
Page 3
3. identification of all sources and amounts of funding anticipated to complete financing
on incomplete improvements, and
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 2011-
12 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, this action does not constitute a "project"
within the meaning of CEQA in that it has no potential to cause either a direct physical
change in the environment, or a reasonably foreseeable indirect physical change in the
environment, and therefore, does not require an environmental review.
EXHIBITS:
1. Resolution No. 2011-270 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 2011-12 Capital Improvement Program on file with the City Clerk.
Exhibit 1
1
RESOLUTION NO. 2Q11-270
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 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 2011-12 Capital Improvement Program on file with the City Clerk; and
16
WHEREAS, these findings need to be made in conjunction with the public17
information required by Code Sections 50075 and 66006.
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 66006:24
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 2011-12 Operating Budget and Capital Improvement Program, which is8
g incorporated herein by reference.
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PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council
of the City of Carlsbad on the 6th day of December 2011, by the following vote to wit:
AYES: Council Members Hall, Kulchin, Blackburn, Douglas, Packard.
NOES: None.
ABSENT: None.
^MAtt HALL, Mayor
ATTEST:
(SEAL)
INE M. WOOD, City Clerk
Exhibit 2
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075
YEAR ENDED JUNE 30, 2011
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
06/30/2011 (2)
$ 1,527,154
Expenditures
To Date (2)
$ 12,219,196
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 6/30/11 plus expenditures to date and the initial amount deposited.
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075
YEAR ENDED JUNE 30, 2011
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
06/30/2011 (2)
$ 424,586
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 6/30/11 plus expenditures
to date and the initial amount deposited.
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2011
BRIDGE AND THOROUGHFARE DISTRICT #2
BEGINNING
BALANCE
2010-11
FEES INTEREST
MISC.
REVENUES
CAPITAL
EXPENDITURES
OTHER
EXPENDITURES
ENDING
BALANCE
REMAINING
APPR. + ENC.
AT 6/30/1 1
201 1-12 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
1,411,000
13,503,000
2022-26
2013+
100.00%
100.00%
| 8,158,958 60,520 | 113,532 8,333,010 |349,302 14,914,000
Total: 15,263,302
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, 2011
BRIDGE AND THOROUGHFARE DISTRICT #3
BEGINNING
BALANCE
2010-11
FEES INTEREST
OTHER
REVENUE
CAPITAL
EXPENDITURES
OTHER
EXPENDITURES
ENDING
BALANCE
Projects:
CANNON ROAD - MITIGATION
REMAINING
APPR. + ENC.
AT 6/30/1 1
2011-12 AND
FUTURE
APPROPRIATIONS
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE
164,064 In Progress 100.00%
| 100,756 |60,192 3,116 164,064 164,064
Total:164,064
Loan:None
Fee:$171/Average daily trip
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 & 66006
YEAR ENDED JUNE 30, 2011
COMMUNITY FACILITIES DISTRICT #1
BEGINNING
BALANCE
2010-11
TAXES
2010-11
FEES INTEREST
OTHER
REVENUE (1)
CAPITAL
EXPENDITURES
OTHER
EXPENDITURES
ENDING
BALANCE
REMAINING
APPR. + ENC.
AT 6/30/1 1
201 1-12 AND
FUTURE
APPROPRIATIONS
CONSTRUCTION
DATE
PERCENTAGE
PAID BY
TAX/FEE
MAINTENANCE AND OPERATIONS CENTER
CIVIC CENTER
I-S AND LA COSTA AVENUE AUXILIARY LANES
LIBRARY EXPANSION (COLE)
VETERAN'S MEMORIAL PARK
ADMINISTRATION COSTS
CFD TAXES
BTD FEES
TRAFFIC IMPACT FEES
PUBLIC FACILITIES FEES
(1) Consists of district annexation fees.
2,572,424 1,549,837 11,712,000 In Progress 60.76%
26,812,000 2012+ 100.00%
2,000,000 2022-26 100.00%
4,894,000 2022-26 32.76%
23,240,000 2022-26 100.00%
140,667
2,114,078
9,102
(1,285)
51,969
| 63,023,008 |2,114,078 |59,786 |796,354 |- | 2,572,424 |140,667 |63,280,135 |1,549,837 |
Total:
68,658,000
70,207,837
BTD Fees:
various
Traffic Impact Fee:
$2,290/Unit-Residential
$91/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, 2011
PARK IN LIEU FEES
BEGINNING
BALANCE
2010-11
FEES INTEREST
OTHER
REVENUE
CAPITAL
EXPENDITURES
ENDING
BALANCE
Projects:
NORTHEAST QUADRANT - ROBERTSON RANCH PARK DEVELOPMENT
NORTHWEST QUADRANT - PINE AVENUE PARK -COMMUNITY BLDG - PHASE II
NORTHWEST QUADRANT - PINE AVENUE PARK -PINE PARK MADISON PROPERTIES, PHASE 1
SOUTHEAST QUADRANT - LEO CARRILLO PARK - PHASE III
SOUTHWEST QUADRANT - AVIARA REIMBURSEMENT AGREEMENT
SOUTHWEST QUADRANT - AVIARA COMMUNITY PARK COMMUNITY BLDG
REMAINING
APPR. + ENC.
AT 6/30/1 1
2011-12 AND
FUTURE
APPROPRIATIONS
ESTIMATED
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE
2,545
150,000
67,455
219,100
1,650,000
1,800,000
886,100
2,800,000
In Progress
2022-26
In Progress
2015-16
In Progress
2022-26
100.00%
18.52%
100.00%
45.04%
100.00%
25.56%
(2,121,246)1 216,610 37,073 2,545 | (1,870,108)1 436,555 |
Total:
7,136,100
7,572,655
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 2022-26. 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 Fees Interest
66,125 7,649 1,081
(3,677,610) - 11,984
595,510 189,024 11,336
894,729 19,937 12,672
(2,121,246) 216,610
Other Rev Cap Exp
2,545
EFB
72,310
(3,665,626)
795,870
927,338
37,073 2,545 (1,870,108)
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2011
ZONES 5, 13 AND 16 FEES
BEGINNING
BALANCE
2010-11
CONTRIB INTEREST
CAPITAL
EXPENDITURES
ENDING
BALANCE
REMAINING
APPR. + ENC.
AT 6/30/1 1
2011-12AND
FUTURE
APPROPRIATIONS
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE
BUSINESS PARK RECREATIONAL FACILITY 3,493,000 2022-26 100.00%
2,399,372 [ 102,173 | 35,885 \2,537,430 - I
Total:
3,493,000
3,493,000
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, 2011
PLANNED LOCAL DRAINAGE FEE FUND
BEGINNING
BALANCE
Projects:
2010-11 CAPITAL ENDIN
FEES 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) 66,390
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 + BN) 570,461
PLD AREA B - COLLEGE BLVD. BRIDGE (REIMB. FACILITY BL-L )
PLD AREA B - COLLEGE BLVD/CANNON RD (FACILITY BJ B + BNB + BJ-1) 20,636
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 41 1 ,131
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 DQB (La Costa Town Center)
PLD AREA D - MASTER DRAINAGE PLAN PROJECT DZ (Poinsettia Lane)
6,622,097 105,044 66,822 1,068,618 | 5,725
REMAINING 201 1-12 AND
3 APPR. + ENC. FUTURE
IE AT 6/30/11 APPROPRIATIONS
289,534
416,500
61,755 842,913
91,608
163,164
1,621,823 200,000
1,816,101
512,196
1,068,613
904,329
1,086,065
468,096
963,673
138,220
384,509
204,077
131,355
180,773
275,535
727,730
529,402
167,215
429,108
256,423
232,812
745,842
642,063
345 2,471,309] 13,080,125
Total: 15,551,434
ESTIMATED
CONSTRUCTION
DATE
2022-26
2022-26
In Progress
2022-26
2022-26
In Progress
2017-21
In Progress
2013+
2022-26
2022-26
2022-26
2022-26
2022-26
2022-26
2022-26
2022-26
2022-26
In Progress
2022-26
2022-26
2022-26
2022-26
2022-26
2022-26
2022-26
2022-26
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%
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2011
PLANNED LOCAL DRAINAGE FEE FUND (Continued)
Loans: None
Fee Per Gross Acre:
Area A - Buena Vista Lagoon
Area B - Agua Hedionda Lagoon
Area C - Encinas Creek
Area D - Batiquitos Lagoon
Low Runoff
$ 5,270 $
1,970
1,912
1,813
High Runoff
22,837
8,535
8,287
7,857
BFB FEES INTEREST CAP EXP EFB
FUND 350
FUND 351
FUND 352
FUND 353
6,622,097 105,044 66,822 1,068,618 5,725,345
134,388
4,521,330
1,867,240
99,139
4,209
11,018
-
89,817
1,129
49,415
13,423
2,855
66,390
591,097
411,131
-
73,336
3,990,666
1,469,532
191,811
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2011
TRAFFIC IMPACT FEE FUND
BEGINNING
BALANCE
2010-11
FEES INTEREST
OTHER
REVENUE (1)
OTHER
EXPENDITURES
CAPITAL
EXPENDITURES
ENDING
BALANCE
Prole
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
REMAINING
APPR. + ENC.
AT 6/30/1 1
2011-12AND
FUTURE
APPROPRIATIONS
ESTIMATED
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE
713
39,745
306,086
26,685
8,718
24,309
29,862
81,083
55,369
36,561
6,523,157
115,914
383,316
574,437
414,766
1,020,706
160,910
13,597,937 | 1,508,342 |253,974 |12,147 |517,201 | 14,855,199 |
(1) Includes reimbursement from various entities for their fair share contribution on various capital projects.
9,285,136 |
Total:
32,536,000
41,821,136
5,177,000
762,000
3,008,000
804,000
1,041,000
5,728,000
2,535,000
-
925,000
286,000
358,000
589,000
625,000
1,773,000
-
-
-
1,011,000
-
25,000
591,000
979,000
-
849,000
1,120,000
490,000
2,200,000
200,000
1,440,000
20,000
In Progress
2022-26
2022-26
2022-26
2022-26
2022-26
2022-26
In Progress
2017-21
2012+
2017-21
2012+
2014-15
2014-15
In Progress
In Progress
In Progress
2022-26
2010-11
In Progress
2011-12
2017-21
In Progress
2022-26
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. Repayment is scheduled as fees are collected. Interest is not charged.
- $2,768,506 is still outstanding.
Loans not included in ending balance above.
Fees: $270.00/ADT - Single Family Residential
$270.00/ADT - Condominium
$270.00/ADT - Apartment
$108.00/Trip - Commercial/Industrial
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2011
PUBLIC FACILITIES FEES
BEGINNING 2010-11
BALANCE FEES INTEREST
Projects:
ALGA NORTE PARK - PHASE I - 30 ACRES DEVELOP. (SE QUAD)
ALGA NORTE PARK- PHASE I I- 50 METER POOL (SE QUAD)
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)
PINE AVENUE PARK - PINE COMMUNITY BUILDING - PHASE II
PINE AVENUE PARK-RESTROOMS/STORAGE BLDG
POINSETTIA COMMUNITY PARK - PARKING
POINSETTIA COMMUNITY PARK- PHASE III (SW QUAD)
| 49,447,812 | 2,314,260 | 624,032
OTHER CAPITAL OTHER
REVENUE EXPENDITURES EXPENDITURES
1,027,174
65
-
-
-
-
19,285
8,792
-
452,583
-
-
-
435
577
- | 1,508,911 12,466
REMAINING
ENDING APPR. + ENC.
BALANCE AT 6/30/11
18,274,988
5,599,482
-
149,700
765,470
-
960,715
120,239
-
21,351
-
-
376,656
-
16,476
50,864,727 26,285,077
Total:
2011-12 AND
FUTURE
APPROPRIATIONS
-
-
8,155,000
-
-
1,426,000
6,650,000
-
1,057,000
-
10,044,000
8,137,000
-
-
13,872,800
49,341,800
75,626,877
ESTIMATED
CONSTRUCTION
DATE
In Progress
In Progress
2022-26
In Progress
In Progress
2013+
In Progress
In Progress
2014+
In Progress
2022-26
2022-26
In Progress
Complete
In Progress
PERCENTAGE
PAID BY FEE
100.00%
21.54%
74.44%
100.00%
23.78%
100.00%
94.11%
100.00%
54.96%
100.00%
67.24%
81.48%
100.00%
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, 2011
MAJOR FACILITIES FEE FUNDS (POTABLE/RECYCLED WATER)
BEGINNING 2010-11 MISC CAPITAL
BALANCE FEES INTEREST REVENUE EXPENDITU
Projects:
"D" RESERVOIR
CALAVERA HILLS WATER BOOSTER STATION STANDBY GENERATOR
MAERKLE PUMP STATION IMPROVEMENTS
MAERKLE RESERVOIR STORAGE
MARRON ROAD PRESSURE REGULATING STATION TO O'SIDE
REMAINING 2011-12 AND
ENDING APPR. + ENC. FUTURE
RES BALANCE AT 6/30/11 APPROPRIATIONS
6,849,000
500,000
1,000,200
14,815,000
820,000
MASTER PLAN UPDATE 167,940 260,978
RECYCLED WATER - IRRIGATION SERVICE 583
RECYCLED WATER -INNOVATION WAY/GATEWAY 463,710 98,111
WATERLINE - COLLEGE BLVD - CANNON TO BADGER
WATERLINE - COLLEGE BLVD - ECR TO CANNON - REIMBURSEMENT
WATERLINE - EL FUERTE - NORTH OF LOKER - REIMBURSEMENT
1,066,000
183 1,059,817
185,902
WATERLINE - MELROSE DRIVE - PAR TO FARADAY - REIMBURSEMENT 102,526
WATERLINE - POINSETTIA LANE - EAST OF BLACK RAIL ROAD
WATERLINE - POINSETTIA LANE - EL CAMINO REAL TO SKIMMER COURT
WATERLINE - POINSETTIA LANE - SKIMMER COURT TO CASSIA
22,283,855 | 971,184 316,221 304,878 734
Loans: None.
247,000
135,000
410,000
,942 23,141,196 | 2,670,808 | 24,776,200
Total 27,447,008
ESTIMATED
CONSTRUCTION PERCENTAGE
DATE PAID BY FEE
2017-21 75.50%
2011-12 100.00%
2014-15 51.00%
2013-14 100.00%
2022+ 100.00%
In Progress 100.00%
Complete 100.00%
In Progress 100.00%
2011-12 100.00%
2011-12 100.00%
In Progress 100.00%
In Progress 100.00%
2016-20 50.00%
2016-20 100.00%
2016-20 44.00%
Fee:$3,549 (5/8" Meter Size). Fees vary depending on meter size.
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
YEAR ENDED JUNE 30, 2011
SEWER BENEFIT AREA FUNDS (516/517)
BEGINNING
BALANCE
2010-11
FEES INTEREST
OTHER
REVENUE
CAPITAL
EXPENDITURES
ENDING
BALANCE
REMAINING
APPR. + ENC.
AT 6/30/1 1
201 1-1 2 AND
FUTURE
APPROPRIATIONS
ESTIMATED
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE
AVIARA LAND ASSOCIATES REIMBURSEMENT AGREEMENT(J.L)
SIMSBURY SEWER EXTENSION
CONTINENTAL REIMBURSEMENT AGREEMENT (H)
KELLY LAND COMPANY REIMBURSEMENT
TERRACES AT SUNNY CREEK REIMBURSEMENT
5,746
105,135
221,800
259,444
589,875
567,000
460,313
467,093
546,372
Complete
2013-14
Complete
Complete
Complete
100.00%
100.00%
100.00%
100.00%
100.00%
L 963,326 613,773 17,151 592,125 | 1,002,125 - I
Total:
2,630,653
2,630,653
Loans: None.
Fee:$ 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, 2011
WASTEWATER CONNECTION FEE FUND
BEGINNING
BALANCE
2010-11
FEES INTEREST
OTHER
REVENUE (1)
CAPITAL
EXPENDITURES
ENDING
BALANCE
Projects:
(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)
(2) VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 3)
(2) VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 13-15)
199,487
75,914
915,618
26,750
27,414
111,913
| 21,387,984 | 622,031 | 240,957 | 341,719 | 1,357,096 | 21,235,595 |
REMAINING
APPR. + ENC.
AT 6/30/1 1
201 1-12 AND
FUTURE
APPROPRIATIONS
ESTIMATED
CONSTRUCTION
DATE
PERCENTAGE
PAID BY FEE (2)
15,456,632
5,541,706
351,324
9,694
55,250
5,675,689
14,989,032
6,300,000
3,717,548
330,000
2,688,200
42,079,327 |
Total:
13,035,748
55,115,075
In Progress
In Progress
Complete
In Progress
In Progress
In Progress
In Progress
2013-14
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 ($51,119) and revenue from other agencies ($290,600).
(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