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HomeMy WebLinkAbout2012-12-11; City Council; 21070; Annual Financial ReportCITY OF CARLSBAD - AGENDA BILL AB# 21.070 ANNUAL FINANCIAL REPORT ON CAPITAL FUNDS AND SPECIAL TAXES PURSUANT TO GOVERNMENT CODE SECTIONS 50075, 66001, AND 66006 DEPT. HEAD MTG. 12/11/12 ANNUAL FINANCIAL REPORT ON CAPITAL FUNDS AND SPECIAL TAXES PURSUANT TO GOVERNMENT CODE SECTIONS 50075, 66001, AND 66006 CITY ATTY. DEPT. FIN ANNUAL FINANCIAL REPORT ON CAPITAL FUNDS AND SPECIAL TAXES PURSUANT TO GOVERNMENT CODE SECTIONS 50075, 66001, AND 66006 CITY MGR. 32.^ RECOMMENDED ACTION: Adopt Resolution No. 2012-272 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.aov FOR CITY CLERKS USE ONLY. COUNCIL ACTION: APPROVED CONTINUED TO DATE SPECIFIC • DENIED CONTINUED TO DATE UNKNOWN • CONTINUED • RETURNED TO STAFF • WITHDRAWN • OTHER-SEE MINUTES • AMENDED • 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 2012-13 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 2012-13 Capital Improvement Program that was adopted by Council in June 2012 and in the Comprehensive Annual Financial Report that will be available in December 2012. 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 ali 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 2012- 13 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 ali 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. 2012-272 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 2012-13 Capital Improvement Program on file with the City Clerk. 3 Exhibit 1 5 6 7 8 9 10 RESOLUTION NO. 2012-272 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 WHEREAS, the City of Carlsbad is required to make certain findings every five years with respect to the unexpended fund balance of certain development fee funds pursuant to California Government Code Section 66001; and ^-j 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 WHEREAS, the information to make the required findings can be found in the 2012-13 Capital Improvement Program on file with the City Clerk; and WHEREAS, these findings need to be made in conjunction with the public information required by Code Sections 50075 and 66006. 15 16 17 18 19 NOW. THEREFORE, BE IT RESOLVED by the City Council of the City of Cartsbad, California, as follows: 21 22 23 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 1. That the above recitations are true and correct. 2. That the following findings are made as required under Government Code Sections 50075 and 66006: 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. d. That the approximate dates on which the funding referred to above is expected to be deposited into the appropriate fund have been designated. 3. That these findings are based on information provided in the City of Cartsbad's 2012-13 Operating Budget and Capital Improvement Program, which is incorporated herein by reference. 10 " 11 II 12 II 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 Carisbad on the 11th day of December 2012, by the following vote to wit: AYES: NOES: Council Members Hall, Kulchin, Blackburn, Douglas, Packard. None. ABSENT: None. MATT HALL, Mayo ATTEST: (SEAL) .s<<f.^sS^'0>., FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2012 BRIDGE AND THOROUGHFARE DISTRICT #2 BEGINNING BALANCE 2011-12 FEES INTEREST MISC. REVENUES CAPITAL EXPENDITURES OTHER EXPENDITURES ENDING BALANCE REMAINING APPR. + ENC. AT 6/30/12 2012-13 AND FUTURE APPROPRIATIONS CONSTRUCTION DATE PERCENTAGE PAID BY FEE Projects: POINSETTIA LANE - REACHES A,B,C,F,G & AVIARA PKWY REIMB. POINSETTIA LANE - REACH E 7,970 -641,332 1,446,000 13,801,000 2023-27 2013+ 100.00% 100.00% 8,333,010 648,577 105,671 -7,970 1 9,079,288 1 641,332 15,247,000 Total: 15,888,332 Loan: None Fee: LFMP Zone Fee per ADT* 5 $ 20 21 'Average daily trip 291.00 1,513.00 1,222.00 m X & -J FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2012 BRIDGE AND THOROUGHFARE DISTRICT #3 BEGINNING 2011-12 OTHER CAPITAL OTHER ENDING BALANCE FEES INTEREST REVENUE EXPENDITURES EXPENDITURES BALANCE Projects: CANNON ROAD - MITIGATION 164,064 I 1,933 I 165,997 I REMAINING 2012-13 AND APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE AT 6/30/12 APPROPRIATIONS DATE PAID BY FEE -165,997 In Progress 100.00% - 1 165,997 100.00% Total: 165,997 100.00% Loan: None Fee: $171/Average daily trip FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 & 66006 YEAR ENDED JUNE 30, 2012 COMMUNITY FACILITIES DISTRICT #1 BEGINNING 2011-12 2011-12 OTHER CAPITAL OTHER ENDING BALANCE TAXES FEES INTEREST REVENUE (1) EXPENDITURES EXPENDITURES BALANCE Description MAINTENANCE AND OPERATIONS CENTER CIVIC CENTER LIBRARY EXPANSION (COLE) VETERAN'S MEMORIAL PARK ADMINISTRATION COSTS CFD TAXES BTD FEES TRAFFIC IMPACT FEES PUBLIC FACILITIES FEES 1.293 77,920 1,786,981 182,444 62,160 585,376 63,280,135 1,786,981 829,980 744,956 20,946 1,293 I 77,920 I 66,583,785 | REMAINING 2012-13 AND PERCENTAGE APPR. + ENC. FUTURE CONSTRUCTION PAID BY AT 6/30/12 APPROPRIATIONS DATE TAX/FEE 13.260.543 In Progress 60.76% 100,000 27,380,000 In Progress 96.65% -5,016,000 2023-27 39.23% -23,240,000 2023-27 100.00% 32.111 13,392,654 55,636,000 Total: 69,028,654 (1) Consists of district annexation fees and lease revenue for the Hawthorne parking lot. Loans: None BTD Fees: various Traffic Impact Fee: $2,290/Unit - Residential $91/Trip - Commercial/Industrial Public Facilities Fee: 1.82% of Building Pennit Value CFD#1 Tax Rates: various FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2012 PARK IN LIEU FEES BEGINNING 2011-12 OTHER CAPITAL ENDING BALANCE FEES INTEREST REVENUE EXPENDITURES BALANCE REMAINING 2012-13 AND ESTIMATED APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE AT 6/30/12 APPROPRIATIONS DATE PAID BY FEE 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 67,439 150,000 219,100 2,550,000 1,845,000 886,100 2,870,000 In Progress 2023-27 Complete 2016-17 In Progress 2023-27 100.00% 18.11% 100.00% 45.60% 100.00% 25.56% I (1,870,108)1 1,273,071 I 48,707 | 67,439 (615,769)1 369,100 1 8,151,100 Total: 8,520,200 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 2023-27. 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 72,310 (3,665,626) 795,870 927,338 Fees 143,475 860,708 268,888 (1,870.108) 1,273,071 Interest 2,317 10,419 20,644 15,327 Other Rev Cap Exp 67,439 EFB 150,663 (3,655,207) 1,677,222 1,211,553 48,707 67,439 (615.769) O FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2012 ZONES 5.13 AND 16 FEES BEGINNING 2011-12 CAPITAL ENDING BALANCE CONTRIB INTEREST EXPENDITURES BALANCE Projects: BUSINESS PARK RECREATIONAL FACILITY 2,537,430 90,919 30,881 2,659,230 REMAINING APPR. + ENC. AT 6/30/12 2012-13 AND FUTURE APPROPRIATIONS CONSTRUCTION DATE PERCENTAGE PAID BY FEE -4,080,000 2023-27 100.00% -4,080,000 Total: 4,080,000 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, 2012 PLANNED LOCAL DRAINAGE FEE FUND BEGINNING 2011-12 CAPITAL ENDING BALANCE FEES INTEREST EXPENDITURES BALANCE Projects: 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) 3,259 PLD AREA A - MASTER DRAINAGE PLAN PROJECT AFA (Hidden Valley Drainage Re PLD AREA A - MASTER DRAINAGE PLAN PROJECT AFB (Calavera Hills Drainage R€ PLD AREA B - AGUA HEDIONDA CHANNEL (FACILITY B + BN) 315,713 PLD AREA B - COLLEGE BLVD. BRIDGE (REIMB. FACILITY BL-L) PLD AREA B - COLLEGE BLVD/CANNON RD (FACILITY BJ B + BNB + BJ-1) 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 Ba 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 50,468 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 Tow/n Center) PLD AREA D - MASTER DRAINAGE PLAN PROJECT DZ (Poinsettia Lane) 5,725,345 159,877 65,177 369,440 I 5,580,959 REMAINING 2012-13 AND ESTIMATED APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE AT 6/30/12 APPROPRIATIONS DATE PAID BY FEE 289,534 2023-27 100.00% -416,500 2023-27 100.00% 58,495 862,913 In Progress 100.00% -91,608 2023-27 100.00% -163,164 2023-27 100.00% 1,406,107 100,000 In Progress 100.00% -1,816,101 2018-22 100.00% 512,196 -In Progress 100.00% -1,068,613 2013+ 100.00% -904,329 2023-27 100.00% -1,086,065 2023-27 100.00% -468,096 2023-27 100.00% -963,673 2023-27 100.00% -138,220 2023-27 100.00% -384,509 2023-27 100.00% -204,077 2023-27 100.00% -131,355 2023-27 100.00% -180,773 2023-27 100.00% 225,070 -In Progress 100.00% -727,730 2023-27 100.00% -529,402 2023-27 100.00% -167,215 2023-27 100.00% -429,108 2023-27 100.00% -256,423 2023-27 100.00% -232,812 2023-27 100.00% -745,842 2023-27 100.00% -642,063 2023-27 100.00% 2,201,868 13,000,125 Total: 15,201,993 FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2012 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 73,336 3,990,666 1,469,532 191,811 5,725,345 19,868 44,384 730 94,895 159,877 1,084 43,746 16,696 3,651 65,177 3,260 315,715 50,465 369,440 91,028 3,763,081 1,436,493 290,357 5,580,959 FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2012 TRAFFIC IMPACT FEE FUND BEGINNING 2011-12 OTHER OTHER CAPITAL ENDING BALANCE FEES INTEREST REVENUE EXPENDITURES EXPENDITURES BALANCE Projects: TRAF SIG - AVIARA PARKWAY-POINSETTIA LANE TO EL CAMINO REAL AVENIDA ENCINAS WIDENING - SOUTH OF PALOMAR AIRPORT ROAD CARLSBAD BLVD. REALIGNMENT / PALOMAR AIRPORT ROAD (SEGMENT 2) (20%) CARLSBAD BLVD. REALIGNMENT / PALOMAR AIRPORT ROAD (SEGMENT 2) (RTCIP / 20%) CARLSBAD BOULEVARD REALIGNMENT - CANNON TO MANZANO (SEGMENT 1) CARLSBAD BOULEVARD WIDENING MOUNTAIN VIEW TO NORTHERLY CITY LIMITS (20%) CARLSBAD BOULEVARD WIDENING MOUNTAIN VIEW TO NORTHERLY CITY LIMITS (RTClP/20%) CARLSBAD VILLAGE DRIVE - PONTIAC TO VICTORIA EL CAMINO REAL AND CANNON ROAD INTERSECTION IMPROVEMENTS EL CAMINO REAL AND CARLSBAD VILLAGE DRIVE DUAL LEFT TURNS EL CAMINO REAL LEFT TURN LANE TO WESTBOUND TAMARACK EL CAMINO REAL RIGHT TURN LANE TO NORTH ALGA ROAD EL CAMINO REAL WIDENING - ARENAL ROAD TO LA COSTA AVENUE EL CAMINO REAL WIDENING - ARENAL ROAD TO LA COSTA AVENUE (RTCIP) EL CAMINO REAL WIDENING - TAMARACK TO CHESTNUT EL CAMINO REAL WIDENING - TAMARACK TO CHESTNUT (RTCIP) MELROSE DRIVE AND ALGA ROAD DUAL LEFT TURN LANES (RTCIP) MELROSE DRIVE RIGHT TURN LANE TO WEST PALOMAR AIRPORT ROAD PALOMAR AIRPORT RD. AND COLLEGE BLVD. INTERSECTION IMPROV. PALOMAR AIRPORT ROAD AND MELROSE DRIVE RIGHT TURN PALOMAR AIRPORT ROAD TURN LANE TO NORTH EL FUERTE STREET PALOMAR AIRPORT ROAD TURN LANE TO SOUTH EL CAMINO REAL 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 - VARIOUS LOCATIONS TRAFFIC IMPACT FEE UPDATE TRAFFIC MONITORING PROGRAM (1,202) 26,391 15,098 23,174 23,869 84,661 I 14,855,199 I 1,487,845 | 226,638 | 171,991 I 16,397,691 | REMAINING 2012-13 AND ESTIMATED APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE AT 6/30/12 APPROPRIATIONS DATE PAID BY FEE 20,000 In Progress 3.78% 55,369 5,177,000 In Progress 100.00% -781,000 2023-27 100.00% -3,083,000 2023-27 100.00% -5,871,000 2023-27 100.00% -824,000 2023-27 100.00% -1,067,000 2023-27 100.00% -2,598,000 2023-27 100.00% -589,000 2012+ 100.00% -948,000 2018-22 100.00% -286,000 2013-14 100.00% -367,000 2018-22 100.00% -1,775,000 2014-15 100.00% -625,000 2013+ 100.00% 6,523,157 -In Progress 100.00% 117,116 -In Progress 100.00% -1,036,000 2023-27 100.00% 356,926 151,000 In Progress 100.00% 467,839 -In Progress 100.00% 36,561 -Complete 100.00% -1,003,000 2018-22 100.00% 591,000 -In Progress 100.00% 414,766 -In Progress 100.00% -870,000 2023-27 100.00% 1,096,825 490,000 In Progress 85.19% 996,838 3,000,000 Ongoing 100.00% 200,000 -In Progress 100.00% 172,249 1,344,000 In Progress 100.00% 11,028,646 31,905,000 Total: 42,933,646 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. - $2,597,039 is still outstanding. Loans not included in ending balance above. Fees: $275.00/ADT - Single Family Residential $275.00/ADT - Condominium $275.00/ADT - Apartment $110.00/Trip - Commercial/Industrial FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2012 PUBLIC FACILITIES FEES REMAINING 2012-13 AND ESTIMATED BEGINNING 2011-12 OTHER CAPITAL OTHER ENDING APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE BALANCE FEES INTEREST REVENUE (1) EXPENDITURES EXPENDITURES BALANCE AT 6/30/12 APPROPRIATIONS DATE PAID BY FEE ALGA NORTE PARK - PARK (30 ACRES) - PHASE 1 309,353 17,965,636 -In Progress 100.00% ALGA NORTE PARK- POOL - PHASE 1 (491,586) 6,091,068 -In Progress 34.09% AVIARA COMMUNITY PARK COMMUNITY BUILDING --8,359,000 2023-27 74.44% EL CAMINO REAL MEDIANS -765,470 -In Progress 23.78% EL CAMINO REAL MEDIANS - LA COSTA --1,300,000 2013+ 100.00% FIRE STATION #3 RELOCATION 95,369 7,515,346 -In Progress 100.00% FIRE STATION #6 (PERMANENT) 9,253 110,986 -In Progress 100.00% LEO CARRILLO BARN 6,658 14,693 -In Progress 100.00% LEO CARRILLO PARK - PHASE III --1,057,000 2014+ 54.40% LIBRARY EXPANSION (COLE) --10,295,000 2023-27 60.77% PINE AVENUE PARK - PINE COMMUNITY BUILDING - PHASE II --8,340,000 2023-27 81.89% PINE AVENUE PARK-RESTROOM/STORAGE BUILDING 234,351 142,305 -In Progress 100.00% POINSETTIA COMMUNITY PARK -PHASE III --14,962,000 2018-22 100.00% TRAF SIG - CANNON ROAD AND AVENIDA ENCINAS-REIMB. 149,700 In Progress 100.00% 1 50,864,727 | 2,640.430 | 579,153 | 4,692 1 163,398 1 12,897 | 53,912,707 32,755,204 | 44,313,000 Total: 77,068,204 (1) Includes lease revenue for the Hawthorne parking lot. Loans: None Fee: 3.50% of Building Permit Value FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 YEAR ENDED JUNE 30, 2012 COMMUNITY FACILITIES DISTRICT #3 IMPROVEMENT AREA 1(1) Date of Issuance Initial Amount Deposited To Improvement Fund Balance at 06/30/2012 (2) Expenditures To Date (2) Project Status 05/11/2006 $ 9,989,741 $ 1,551,113 $ 12,219,462 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 6/30/12 plus expenditures to date and the initial amount deposited. FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 YEAR ENDED JUNE 30, 2012 COMMUNITY FACILITIES DISTRICT #3 IMPROVEMENT AREA 2(1) Date of Issuance Initial Amount Deposited To Improvement Fund Balance at 06/30/2012(2) Expenditures To Date (2) Project Status 02/21/2008 $ 11,844,689 $ 403,265 $ 11,473,044 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 6/30/12 plus expenditures to date and the initial amount deposited. FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2012 MAJOR FACILITIES FEE FUNDS (POTABLE/RECYCLED WATER) BEGINNING 2011-12 MISC CAPITAL ENDING BALANCE FEES INTEREST REVENUE EXPENDITURES BALANCE Projects: CALAVERA HILLS WATER BOOSTER STATION STANDBY GENERATOR COLLEGE BOULEVARD - CANNON TO BADGER MAERKLE PUMP STATION IMPROVEMENTS MASTER PLAN UPDATE RECYCLED WATER - INNOVATION WAY/GATEWAY WATERLINE - COLLEGE BLVD - ECR TO CANNON - REIMBURSEMENT WATERLINE - POINSETTIA LANE - SKIMMER COURT TO CASSIA 12,060 120,068 729 23,141,196 1,231,060 286,524 -132,857 24,525,923 REMAINING APPR. + ENC. AT 6/30/12 2012-13 AND FUTURE APPROPRIATIONS ESTIMATED CONSTRUCTION DATE PERCENTAGE PAID BY FEE 487,940 250,000 In Progress 100.00% -1,090,000 2013-14 100.00% -1,000,200 2014-15 51.16% 140,910 -In Progress 100.00% --Complete 100.00% 1,059,817 -2012-13 100.00% -720,000 2018-22 100.00% 1,688,667 3,060,200 Total 4,748,867 Loans: None. Fee: $3,549 (5/8" Meter Size). Fees vary depending on meter size. Check FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2012 SEWER BENEFIT AREA FUNDS (516/517) BEGINNING 2011-12 OTHER CAPITAL ENDING BALANCE FEES INTEREST REVENUE EXPENDITURES BALANCE Projects: AVIARA LAND ASSOCIATES REIMBURSEMENT AGREEMENT(J,L) CONTINENTAL REIMBURSEMENT AGREEMENT (H) KELLY LAND COMPANY REIMBURSEMENT TERRACES AT SUNNY CREEK REIMBURSEMENT 68,301 40,952 145,993 170,772 1,002,125 478,471 13,461 426,018 1,068,039 REMAINING 2012-13 AND ESTIMATED APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE AT 6/30/12 APPROPRIATIONS DATE PAID BY FEE 521,574 Complete 100.00% -419,361 Complete 100.00% -321,100 Complete 100.00% -375,600 Complete 100.00% 1,637,635 Total: 1,637,635 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, 2012 WASTEWATER CONNECTION FEE FUND BEGINNING 2011-12 OTHER CAPITAL ENDING BALANCE FEES INTEREST REVENUE (1) EXPENDITURES BALANCE Projects: (2) VISTA/CARLSBAD INTERCEPTOR - AGUA HEDIONDA LIFT STATION BUENA VISTA LIFT STATION FORCE MAIN BUENA VISTA LIFT STATION IMPROVEMENTS 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) 12,083 3,655,675 777 915,813 676 8,642 96,501 21,235,595 817,159 238,970 3,395,062 4,690,167 20,996,619 REMAINING 2012-13 AND ESTIMATED APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE AT 6/30/12 APPROPRIATIONS DATE PAID BY FEE (2) 21,744,549 In Progress 30.90% 1,886,030 -In Progress 10.40% -1,075,000 2014-15 350,547 -Complete 100.00% -2,785,079 In Progress 100.00% 9,019 -In Progress 100.00% 77,250 414.000 In Progress 100.00% 5,667.047 500,000 In Progress 30.90% -2,688,200 2015-16 10.40% 14,892,530 -In Progress 43.90% 44,626,972 7,462,279 Total: 52,089,251 (1) Includes transfer in for debt service ($51,119). (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. Fee: $1,096 - General Capacity Fee for all Areas