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Home My WebLink About2015-12-01; City Council; 22152; Annual Financial Report Capital Project Fund, Special TaxesCITY OF CARLSBAD-AGENDA Bill AB# 22,152 ANNUAL FINANCIAL REPORT ON CAPITAL PROJECT FUNDS DEPT. DIRECTOR ~ DATE 12/01/15 AND SPECIAL TAXES PURSUANT TO CALIFORNIA GOVERNMENT CODE SECTIONS 50075, 66001 AND 66006 CITY A~~/ DEPT. ASD/FIN CITY MGR. ~ K'(J RECOMMENDED ACTION: Adopt Resolution No. 2015-299 accepting the annual financial report on Capital Project Funds and Special Taxes pursuant to California Government Code Sections 50075, 66001 and 66006. 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. 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. utilize 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. 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 DEPARTMENT CONTACT: Roxanne Muhlmeister 760-602-2417 Roxanne.Muhlmeister@carlsbadca.gov FOR CLERK USE. / COUNCIL ACTION: APPROVED CONTINUED TO DATE SPECIFIC D DENIED D CONTINUED TO DATE UNKNOWN D CONTINUED D RETURNED TO STAFF D WITHDRAWN D OTHER-SEE MINUTES D AMENDED D REPORT RECEIVED D 3 ' Financial Report on Special Taxes 12/01/15 Pagel of3 Fiscal Year 2015-16 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. 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 ofthe public improvement will commence, 8. a description of each inter-fund 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 Fiscal Year 2015-16 Capital Improvement Program that was adopted by City Council in June 2015 and in the Fiscal Year 2014-15 Comprehensive Annual Financial Report that will be available in December 2015. 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 ofthe 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, 3. identification of all sources and amounts of funding anticipated to complete financing on incomplete improvements, and 2 Financial Report on Special Taxes 12/01/15 Page3 of3 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 requirements can be found in the Fiscal Year 2015-16 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 Fiscal Year 2014-15 Comprehensive Annual Financial Report that will be available in December 2015. FISCAL IMPACT: There is no fiscal impact in making these findings pursuant to California Government Code Sections 50075, 66001 and 66006. 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 environmental review. EXHIBITS: 1. Resolution No. 2015-299 accepting the annual financial report on Capital Project Funds and Special Taxes pursuant to California Government Code Sections 50075, 66001 and 66006. 2. Financial Information Report, Capital Funds and Special Taxes subject to California Government Code Sections 50075, 66001 and 66006. 3. The 2015-16 Capital Improvement Program on file with the City Clerk. 3 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 EXHIBIT I RESOLUTION NO. 2015-299 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ACCEPTING THE ANNUAL FINANCIAL REPORT ON CAPITAL PROJECT FUNDS AND SPECIAL TAXES PURSUANT TO CALIFORNIA GOVERNMENT CODE SECTIONS 50075, 66001 AND 66006 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 WHEREAS, the City of Carlsbad is required to make certain findings annually with respect to special taxes collected and expended pursuant to California Government Code Section 50075; and WHEREAS, the information to make the required findings can be found in the Fiscal Year 2015-16 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 California Government Code Sections 50075 and 66006. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California as follows: 1. That the above recitations are true and correct. 2. That the following findings are made as required under California Government Code Sections 50075 and 66006: a. That the purpose to which the developer fee and special taxes are to be put has been identified. b. That a reasonable relationship has been demonstrated between the developer fee and the purpose for which it is charged. ( I 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 Carlsbad's Fiscal Year 2015-16 Operating Budget and Capital Improvement Program, which is incorporated herein by reference. s 1 PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City 2 of Carlsbad on the pt day of December 2015, by the following vote to wit: 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 AYES: Council Members Hall, Blackburn, Packard , Wood, Schumacher. NOES: None. ABSENT: None. ATTEST: ,_BARBARA ENGLES(?JN, City Clerk (SEAL) ......\ BRIDGE AND THOROUGHFARE DISTRICT #2 BEGINNING BALANCE INTEREST 07/01/14 FEES COLLECTED EARNED Projects: POINSETTIA LANE-REACHES A,B,C,F,G & AVIARA PKWY REIMB. POINSETTIA LANE-REACH E MISC. FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2015 ENDING CAPITAL OTHER BALANCE REVENUES EXPENDITURES EXPENDITURES 06/30/15 1 10,585,790 1 277,29o 1 99,21o 1 -1 -1 -1 10,962,290 1 Loans: None Fee: LFMP Zone 5 Fee per Average Daily Trip $ 340.00 20 1,765.00 21 1,425.00 REMAINING APPR. + ENC. AT 6/30/15 388,341 388,341 Total: 2015-16 AND FUTURE APPROPRIATIONS 1,534,000 14,554,000 16,088,000 16,476,341 CONSTRUCTION DATE 2026-30 2016+ PERCENTAGE PAID BY FEE 100.00% 100.00% m X ::r 0: ;:::;: N ~ BRIDGE AND THOROUGHFARE DISTRICT #3 BEGINNING BALANCE INTEREST 07/01/14 FEES COLLECTED EARNED Projects: CANNON ROAD-MITIGATION FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2015 ENDING MISC. CAPITAL OTHER BALANCE REVENUES EXPENDITURES EXPENDITURES 06/30/15 REMAINING 2015-16 AND APPR. +ENG. FUTURE CONSTRUCTION AT 6/30/15 APPROPRIATIONS DATE 454,074 In Progress I 328,1411 122,0481 --3.8851 ~-c I 454,0741 I I 454,0741 Total: 454,074 Loan: None Fee: $200/Average daily trip PERCENTAGE PAID BY FEE 100 00% Q FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2015 PARK IN LIEU FEES BEGINNING BALANCE INTEREST 07/01/14 FEES COLLECTED EARNED Projects: NORTHEAST QUADRANT-ROBERTSON RANCH PARK DEVELOPMENT NORTHWEST QUADRANT-PINE AVENUE PARK -COMMUNITY BLDG-PHASE II SOUTHEAST QUADRANT-LEO CARRILLO PARK-PHASE Ill SOUTHWEST QUADRANT-AVIARA REIMBURSEMENT AGREEMENT OTHER REVENUE SOUTHWEST QUADRANT-AVIARA COMMUNITY PARK AMPHITHEATER AND PICNIC AREAS SOUTHWEST QUADRANT-AVIARA COMMUNITY PARK COMMUNITY BLDG ENDING CAPITAL BALANCE EXPENDITURES 06/30/15 1 n-16,8331 n .. 1 ,299,184 1 s1 ,528 1 I I 1,367,545 I REMAINING APPR. + ENC. AT 6/30/15 219,100 2,791 '100 3,o1o.2oo 1 Total: Loans: Received a $4,550,000 loan from the Public Facilities Fee Fund for the acquisition of the Robertson Ranch Park Site. Land was purchased in 2008. Repayment is scheduled for 2026-30. Interest is not charged on this loan. 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) Beg Balance Fees FUND 330 NW 466,849 543,932 FUND 331 NE (3,641 ,41 0) FUND 332 SW 1 ,767,117 91,648 FUND 333 SE 1,424,277 663,604 16,833 1,299,184 Interest 8,705 8,376 16,859 17,588 51,528 Other Rev Cap Exp End Balance 1,019,486 (3,633,034) 1,875,624 2,105,469 1,367,545 2015-16 ESTIMATED FUTURE CONSTRUCTION PERCENTAGE APPROPRIATIONS DATE PAID BY FEE 2,700,000 2026-30 25.71% 1,957,000 2015-16 18.81% 959,100 2015-16 47.10% In Progress 100.00% 2015-16 100.00% 2,944,800 2025-29 0.00% 8,560,900 11,571,100 INDUSTRIAL COORIDOR FEES (ZONES 5, 13 AND 16-18) BEGINNING BALANCE 07/01/14 FEES COLLECTED Projects: BUSINESS PARK RECREATIONAL FACILITY FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2015 ENDING REMAINING INTEREST CAPITAL BALANCE APPR. + ENC. EARNED EXPENDITURES 06/30/15 AT6/30/15 2015-16 AND FUTURE APPROPRIATIONS 4,335,000 I 2,836,06u==--.,-94,ii6 I 27,017 I I --3:os7.353] I r 4,335,000 I Total: 4,335,000 Loans: None Fee: $0.40 per square fooU Industrial & Commercial Zones 5, 13, 16, 17, 18 CONSTRUCTION PERCENTAGE DATE PAID BY FEE 2026-30 100.00% ~ FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30,2015 PLANNED LOCAL DRAINAGE FEE FUND BEGINNING ENDING BALANCE CAPITAL BALANCE 07/01/14 FEES COLLECTED INTEREST EXPENDITURES 06/30/15 Projects: PLD AREA A-MASTER DRAINAGE PLAN PROJ AAA (Jefferson Street) - PLD AREA A-MASTER DRAINAGE PLAN PROJ AAAA (Madison Street) - PLD AREA A-MASTER DRAINAGE PLAN PROJ AC (Highland Drive/Hosp Grove) - PLD AREA A-MASTER DRAINAGE PLAN PROJ AFA (Hidden Valley Drainage Restoration) - PLD AREA A-MASTER DRAINAGE PLAN PROJ AFB (Calavera Hills Drainage Restoration) PLD AREA B-AGUA HEDIONDA CHANNEL (FACILITY B + BN) 55,133 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 BCA) 299 PLD AREA B-TAMARACK AND ECR STORM DRAIN AND SILT. BASIN (REIMB. BFB-L + BF-1) - PLD AREA B -MASTER DRAINAGE PLAN PROJ BB 1 and 2 (Washington Street) - PLD AREA B-MASTER DRAINAGE PLAN PROJ BCB (Magnolia Avenue) PLD AREA B -MASTER DRAINAGE PLAN PROJ BFA (Country Store) PLD AREA B-MASTER DRAINAGE PLAN PROJ BFB-U (EI Camino Real) PLD AREA B-MASTER DRAINAGE PLAN PROJ BL-U (College Blvd. Drainage) PLD AREA B-MASTER DRAINAGE PLAN PROJ BM (College Blvd./Canatarini) - PLD AREA B -MASTER DRAINAGE PLAN PROJ BQ (Sunnycreek Road) PLD AREA B-MASTER DRAINAGE PLAN PROJ BR (Canatarini/College Blvd.) - PLD AREA C-CARLSBAD BLVD ENCINAS CREEK BRIDGE REPLACEMENT (C1) 3,712 PLD AREA C -MASTER DRAINAGE PLAN PROJ C2 (Paseo Del Norte) - PLD AREA C -MASTER DRAINAGE PLAN PROJ CA (Avenida Encinas) - PLD AREA D-MASTER DRAINAGE PLAN PROJ DBA (Poinsettia Village) PLD AREA D-MASTER DRAINAGE PLAN PROJ DBB (Avenida Encinas) - PLD AREA D-MASTER DRAINAGE PLAN PROJ DFA (Batiquitos Lagoon) - PLD AREA D-MASTER DRAINAGE PLAN PROJ DH (Aitiva Place Canyon) - PLD AREA D-MASTER DRAINAGE PLAN PROJ DQB (La Costa Town Center) - PLD AREA D-MASTER DRAINAGE PLAN PROJ DZ (Poinsettia Lane) I 5,958,5041 369,391 1 55,6931 59,1441 6,324,444 1 1 REMAINING 2015-16AND ESTIMATED APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE AT6/30/15 APPROPRIATIONS DATE PAID BY FEE 289,534 2026-30 100.00% 416,500 2026-30 100.00% 58,495 862,913 In Progress 100.00% 91,608 2026-30 100.00% 163,164 2026-30 100.00% 1,219,563 -In Progress 100.00% -1,816,101 2021-25 100.00% 512,196 -In Progress 100.00% 1,068,314 -In Progress 100.00% -904,329 2026-30 100.00% -1,086,065 2026-30 100.00% -468,096 2026-30 100.00% 963,673 2026-30 100.00% 138,220 2026-30 100.00% 384,509 2026-30 100.00% 204,077 2026-30 100.00% 131,355 2026-30 100.00% -180,773 2026-30 100.00% 201,519 In Progress 100.00% -727,730 2026-30 100.00% 529,402 2026-30 100.00% 167,215 2026-30 100.00% -429,108 2026-30 100.00% -256,423 2026-30 100.00% 232,812 2026-30 100.00% -745,842 2026-30 100.00% -642,063 2026-30 100.00% 3,o6o.o87 1 11,831,512 Total: 14,891,599 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 Beg Balance FUND 350 A 205,228 FUND 351 B 3,501,495 FUND 352 C 1,495,229 FUND 353 D 756,552 5,958,504 ( ,) Low Runoff 6,060 2,265 2,199 2,085 Fees 470,156 37,416 24,395 FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2015 Medium Runoff Hi9h Runoff $ 12,052 $ 26,262 4,367 9,815 3,111 9,530 3,411 9,035 Interest Capital Expense End Balance 3,461 678,845 32,241 55,432 3,515,720 13,854 3,712 1,529,766 (162,576) 6,137 -600,113 369,391 55,693 59,144 6,324,444 \;'\ PUBLIC FACILITIES FEES BEGINNING FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2015 ENDING BALANCE INTEREST OTHER CAPITAL OTHER BALANCE 07/01/14 FEES COLLECTED Projects: ALGA NORTE PARK-PARK (30 ACRES) -PHASE 1 ALGA NORTE PARK-POOL-SOLAR PANELS AVIARA COMMUNITY PARK COMMUNITY BUILDING EARNED AVIARA COMMUNITY PARK WARMING KITCHEN AND RESTROOMS EL CAMINO REAL MEDIANS FIRE STATION #3 (RELOCATION) FIRE STATION #6 (PERMANENT) LEO CARRILLO PARK-PHASE Ill LIBRARY EXPANSION (COLE) REVENUE (1) PINE AVENUE PARK -PINE COMMUNITY BUILDING-PHASE II POINSETTIA COMMUNITY PARK -DOG PARK/TOT LOT/SPORTS ARENA POINSETTIA COMMUNITY PARK -COMMUNITY BUILDING-PHASE Ill TRAF SIG-CANNON ROAD AND AVENIDA ENCINAS-REIMB. EXPENDITURES 86,549 667,006 13,582 3,255,650 1,158 165 EXPENDITURES(2) 06/30/15 1 -35.366.73<q_n_ 2,642,866 1 28o.o2s 1 62,224 1 4,024.11 o 1 28.113 1 34,299,626 1 (1) Consists of rental income received on city owned property. (2) Consists of utilities paid on city owned property. Loans: None Fee: 3.50% of Building Permit Value REMAINING 2015-16 AND ESTIMATED APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE AT6/30/15 APPROPRIATIONS DATE PAID BY FEE Completed 100.00% Completed 100.00% 8,834,000 2026-30 100.00% 300,000 2015-16 100.00% 751,529 In Progress 31.43% 4,578,368 In Progress 100.00% 98,790 In Progress 100.00% 199,835 877,160 2015-16 52.90% 10,922,000 2026-30 62.76% 8,446,000 2015-16 81.19% 3,888,500 2015-16 100.00% 12,826,000 2026-30 100.00% 149,700 In Progress 100.00% 5,778,2221 46.o93.66o 1 Total: 51,871,882 -~ PARKING IN LIEU FEE-VILLAGE AREA BEGINNING BALANCE 07/01/14 FEES COLLECTED Projects: DOWNTOWN PARKING LOT LEASE PAYMENTS FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2015 ENDING REMAINING INTEREST BALANCE APPR. + ENC. EARNED EXPENDITURES 06/30/15 AT 6/30/15 42,901 2015·16 AND FUTURE APPROPRIATIONS 44,020 I 425,720 I 73,440 I 3,778 I -42-:901[ ____ 460.o3n r---------I 44.o2o j Total: 44,020 Loans: None Fee: $11,978 per parking space CONSTRUCTION PERCENTAGE DATE PAID BY FEE N/A 100.00% -J HABITAT MITIGATION FEE BEGINNING BALANCE 07/01/14 FEES COLLECTED Projects: PROPERTY ACQUISITION (CONSERVATION CREDITS) INTEREST ON GENERAL FUND ADVANCE INTEREST EARNED ANTICIPATED PAYMENT IN FY 2015-16 ON GENERAL FUND LOAN FINANCIAL INFORMATION REPORT FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30,2015 EXPENDITURES 217,076 5,437 ENDING BALANCE 06/30/15 REMAINING APPR. + ENC. AT 6/30/15 2015-16AND FUTURE APPROPRIATIONS 15,134 I 182,616 I 5{884 I 1~ • m 222,513 I 15,I34] I -I 15,1341 Total: 15,134 Loans: Received a $759,028 cash advance from the General Fund for the purchase of habitat land in 2011. Repayment is scheduled as sufficient cash becomes availabe. Interest is charged annually on this loan. Current loan balance including accrued interest is $771 ,522. Fee: $30,626 per impacted acre-Coastal Sage Scrub $15,313 per impacted acre-Grassland $3,063 per impacted acre-Disturbed Eucalyptus Wood CONSTRUCTION DATE N/A N/A N/A PERCENTAGE PAID BY FEE 100.00% 100.00% 100.00% ~ AGRICULTURAL MITIGATION FEE BEGINNING BALANCE INTEREST 07/01/14 FEES COLLECTED EARNED Projects: COMMUNITY GRANTS AND CONTRIBUTIONS FINANCIAL INFORMATION REPORT FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2015 ENDING REMAINING BALANCE APPR. + ENC. EXPENDITURES 06/30/15 ATS/30/15 808,332 757,355 2015-16AND FUTURE APPROPRIATIONS 772,436 I 2,301,890 I 22,600 I 13,633 I 808,332 I 1,529,791 I I 757,355 I 772,4361 Total: 1 ,529, 791 Loans: None Fee: $10,000 per acre CONSTRUCTION PERCENTAGE DATE PAID BY FEE N/A 100.00% FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 YEAR ENDED JUNE 30, 2015 COMMUNITY FACILITIES DISTRICT #3 IMPROVEMENT AREA 1(1) Date of Initial Amount Deposited Balance at Expenditures Issuance To Improvement Fund 06/30/2015 (2) To Date (2) 05/11/2006 $ 9,989,741 $ 1,523,681 $ 12,231,780 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 5341 0. (2) Federal grant money, fair share contributions, and interest earnings account for the difference between the balance at 6/30/15 plus expenditures to date and the initial amount deposited. FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 YEAR ENDED JUNE 30, 2015 COMMUNITY FACILITIES DISTRICT #3 IMPROVEMENT AREA 2!1l Date of Initial Amount Deposited Balance at Expenditures Issuance To Improvement Fund 06/30/2015 (2) To Date (2) 02/21/2008 $ 11,844,689 $ 424,993 $ 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 6/30/15 plus expenditures to date and the initial amount deposited. "' MAJOR FACILITIES FEE FUNDS (POTABLE/RECYCLED WATER! BEGINNING 2014-15 BALANCE FEES INTEREST Projects: COLLEGE BOULEVARD-CANNON TO BADGER (375 ZONE) COLLEGE BOULEVARD-CANNON TO BADGER (490 ZONE) DESALINATED SEAWATER TRANSMISSION MAIN MAERKLE PUMP STATION IMPROVEMENTS MASTER PLAN UPDATE POINSETTIA LANE-CASSIA TO SKIMMER RANCHO CARLSBAD GROUNDWATER SUPPLY SAN LUIS REY MISSION BASIN GROUNDWATER SUPPLY FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2015 REMAINING MISC CAPITAL ENDING APPR. + ENC. REVENUE EXPENDITURES BALANCE AT 6/30/15 1,059,817 1,090,000 90,000 4,982 205,018 113,587 27,500 C-26.789:94:31 865.3871 252.128 r -I 4.982 I 27.902.476ul 2,585,922 1 Total Loans: None. Fee: $3,931 (5/8" Meter Size). Fees vary depending on meter size. 2015-16AND ESTIMATED FUTURE CONSTRUCTION PERCENTAGE APPROPRIATIONS DATE PAID BY FEE In Progress 100.00% In Progress 100.00% In Progress 33.33% 1,745,200 In Progress 100.00% In Progress 100.00% 300,000 2015-16 100.00% 1,750,000 2021+ 50.00% 8,500,000 In Progress 50.00% 12,295,200 14,881,122 SEWER BENEFIT AREA FUNDS (516/517) BEGINNING 2014-15 BALANCE FEES INTEREST Projects: AVIARA LAND ASSOCIATES REIMBURSEMENT AGREEMENT(J,L) CONTINENTAL REIMBURSEMENT AGREEMENT (H) KELLY LAND COMPANY REIMBURSEMENT TERRACES AT SUNNY CREEK REIMBURSEMENT FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2015 OTHER REVENUE CAPITAL EXPENDITURES 81,237 30,259 131,777 154,143 ENDING I BALANCE REMAINING APPR. + ENC. AT 6/30/15 2015-16 AND FUTURE APPROPRIATIONS 250,020 152,074 [-1,236,5021 545,1581 --1U541 -I 397,4161 1,396]98] I -I -4<52,0941 Total: 402,094 Loans: None. Fee: $ 1,049.00 -Area A $ 659.00 1 '194.00 -Area B 959.00 2,200.00 -Area C 1,809.00 2,205.00 -Area D 1,430.00 3,252.00 -Area E 1,430.00 3,269.00 -Area F 70.00 Areas I and K were merged into Area L. ~ \ -Area G -Area H -Area J -Area K -AreaL -Area M ESTIMATED CONSTRUCTION DATE Complete Complete Complete Complete PERCENTAGE PAID BY FEE 100.00% 100.00% 100.00% 100.00% WASTEWATER CONNECTION FEE FUND BEGINNING 2014-15 OTHER BALANCE FEES INTEREST REVENUE1 Projects: BUENA INTERCEPTOR SEWER/MANHOLE REHAB. ENCINA PHASE V EXPANSION ENCINA REVENUE BOND DEBT SERVICE FARADAY/EL CAMINO REAL SEWER REPLACEMENT LAS PALMAS TRUNK SEWER MARRON ROAD SEWER REPLACEMENT SEWER CAPACITY MONITORING PROGRAM VISTA/CARLSBAD BUENA VISTA LIFT STATION IMPROVEMENTS2 VISTA/CARLSBAD BUENA VISTA LIFT STATION/FORCE MAIN (VC-4)2 FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2015 OTHER EXPENDITURES CAPITAL EXPENDITURE~ 908,865 18,100 599 ENDING BALANCE ... VISTA/CARLSBAD INTERCEPTOR-AGUA HEDIONDA LIFT STATION/FORCEMAIN (VC12-VC13)2 VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 11B)2 78,028 2,857,836 451.427 VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 13-15)2 VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 3)2 1 19.842.022 1 451.0751 175.1841 3.253,7191 1 4.314:8551 19.407,1451 REMAINING APPR. +ENG. AT 6/30/15 500,000 350,547 151,373 99.401 946,378 27,116,076 6,182,080 15,799,280 50,645,135 Total: 2015-16 AND FUTURE APPROPRIATIONS 1,540,000 2.420,000 350,000 330,000 1,025,000 2,688,200 8,353,200 58,998,335 ESTIMATED CONSTRUCTION PERCENTAGE DATE PAID BY FEE In Progress 13.07% In Progress 100.00% Complete 100.00% 2016+ 100.00% 2016+ 100.00% 2016+ 100.00% In Progress 100.00% In Progress 10.40% In Progress 10.40% In Progress 30.90% In Progress 30.90% In Progress 43.90% 2017+ 10.40% Loans: -Received a $4,700,000 loan from the Wastewater Replacement Fund. Repayment is scheduled for 2026-2030. Interest is not charged on this loan. This loan is not included in the ending balance above. (1) Includes transfer in for final debt service (-$1M) and the City of Vista's share of the joint capital projects. (2) These are joint projects with the City of Vista -the percentage shown as paid by fee is Carlsbad's construction percentage of the total future appropriations. Non-construction Carlsbad percentages are 35%. Carlsbad is the lead agency and will receive reimbursement from the City of Vista for their share. Fee: $842 -General Capacity Fee for all Areas "' w