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
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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.
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19 NOW. THEREFORE, BE IT RESOLVED by the City Council of the City of
Cartsbad, California, as follows:
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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
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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.
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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