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HomeMy WebLinkAbout2016-12-13; City Council; ; Adopt a Resolution Accepting the Annual Financial Information Report on Capital Project Funds and Special TaxesCA Review ,' 40*"0,$,CITY COUNCIL P°Staff Report Meeting Date:December 13, 2016 To:Mayor and City Council From:Kevin Crawford, City ManaghY Staff Contact:Roxanne Muhlmeister, Senior Accountant roxanne.muhlmeister@carlsbadca.gov or 760-602-2417 Subject:Adopt a Resolution Accepting the Annual Financial Information Report on Capital Project Funds and Special Taxes Recommended Action Adopt a Resolution accepting the annual Financial Information Report on Capital Project Funds and Special Taxes pursuant to California Government Code Sections 50075, 66001 and 66006. Executive Summary 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. Discussion 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.amount of funds collected and expended, and 2.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 Fiscal Year 2016-17 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, and if adopted,the city will be in compliance with the Code. 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 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. 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 current 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 2016-17 Capital Improvement Program that was adopted by City Council in June 2016 and in the Fiscal Year 2015-16 Comprehensive Annual Financial Report that will be publicly available in December 2016. 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, 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 requirements can be found in the Fiscal Year 2016-17 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, and if adopted,the city will be in compliance with the Code. 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 2015-16 Comprehensive Annual Financial Report that will be publicly available in December 2016. Fiscal Analysis There is no fiscal impact in making these findings pursuant to California Government Code Sections 50075, 66001 and 66006. Next Steps Accept and file the annual Financial Information Report on Capital Project Funds and Special Taxes for Year Ended June 30, 2016. Environmental Evaluation (CEQA) 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 accepting the Annual Financial Information Report on Capital Project Funds and Special Taxes for Year Ended June 30, 2016 (Attachment A)pursuant to California Government Code Sections 50075, 66001 and 66006. EXHIBIT 1 RESOLUTION NO. 2016-243 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA,TO ACCEPT THE ANNUAL FINANCIAL INFORMATION REPORT ON CAPITAL PROJECT FUNDS AND SPECIAL TAXES PURSUANT TO CALIFORNIA GOVERNMENT CODE SECTIONS 50075, 66001 AND 66006 WHEREAS,the City Council of the City of Carlsbad, California 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 2016-17 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, 66001 and 66006 and these findings are contained in the Financial Information Report for the year ended June 30, 2016 and is attached as Attachment A. 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, 66001 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 EXHIBIT 1 fee and the purpose for which it is charged. 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 2016-17 Operating Budget and Capital Improvement Program, which is incorporated herein by reference. PASSED,APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of Carlsbad on the 13th day of December, 2016, by the following vote, to wit: AYES:Hall, Wood, Schumacher, Blackburn, Packard. NOES:None. ABSENT:None. MA HALL,Mayor BARB ENGLESON, City ;le (SEAL) ook 3oFt=" FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 BRIDGE AND THOROUGHFARE DISTRICT #2 BEGINNING ENDING REMAINING 2016-17 AND ESTIMATED BALANCE FEES INTEREST MISC.CAPITAL OTHER BALANCE APPR.+ENC.FUTURE CONSTRUCTION PERCENTAGE 07/01/15 COLLECTED EARNED REVENUES EXPENDITURES EXPENDITURES 06/30/16 AT 6/30/16 APPROPRIATIONS DATE PAID BY FEE Projects: POINSETTIA LANE -REACHES A,B,C,F,G & AVIARA PKWY REIMB.1,168,833 2027-31 100% POINSETTIA LANE -REACH E CASSIA ROAD TO SKIMMER COURT 388,341 11,900,000 2017+100% 10,962,290 170,247 11,132,537 388,341 13,068,833 Total:13,457,174 Loans None Fee:Fee per Average Daily LFMP Zone Trip 5 $348.00 20 1,807.00 21 1,459.00 ->r ta) 3 ro FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 BRIDGE AND THOROUGHFARE DISTRICT #3 BEGINNING ENDING REMAINING 2016-17 AND ESTIMATED BALANCE FEES INTEREST MISC.CAPITAL OTHER BALANCE APPR. + ENC.FUTURE CONSTRUCTION PERCENTAGE _07/01/15 COLLECTED EARNED REVENUES EXPENDITURES EXPENDITURES 06/30/16 AT 6/30/16 APPROPRIATIONS_DATE PAID BY FEE Projects: BTD #2 RECONCILIATION AND CLOSEOUT ---125,000 In Progress 100% 454,074 134,400 8,335 ---596,809 -i 125,000 Total:125,000 Loan:None Fee:$200/Average daily trip FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 PARK IN LIEU FEES —_ BEGINNING ENDING REMAINING 2016-17 ESTIMATED BALANCE FEES INTEREST OTHER CAPITAL BALANCE APPR. + ENC.FUTURE CONSTRUCTION PERCENTAGE 07/01/15 COLLECTED EARNED REVENUE _EXPENDITURES 06/30/16 AT 6/30/16 APPROPRIATIONS DATE PAID BY FEE Projects: NORTHEAST QUADRANT -ROBERTSON RANCH PARK DEVELOPMENT --2.700.000 2027-31 26% NORTHWEST QUADRANT -PINE AVENUE PARK -COMMUNITY FACILITY AND GARDEN AREAS 61,267 1,895,733 -In Progress 18% SOUTHEAST QUADRANT -LEO CARRILLO PARK -PHASE III 814 958,286 -In Progress 40% SOUTHWEST QUADRANT -AVIARA REIMBURSEMENT AGREEMENT 219,100 -In Progress 100% SOUTHWEST QUADRANT -AVIARA COMMUNITY PARK GATHERING SPACE AND PICNIC AREAS 248,431 2,542,670 70,700 In Progress 100% 1,367,545 1,157,994 133,196 -310,512 2,348,223 6,615,789 I 2,770,700 Total:8,386,489 Loans:Received a $4,550,000 loan from the Public Facilities Fee Fund in 2007 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. Received a $1,900,000 loan from the Public Facilities Fee Fund in 2016 for the Aviara and Pine Avenue Community Park capital imrovement projects. Repayment is scheduled starting in 2019 as funds become available. Interest is not charged on this loan. Loans are not included in the ending balance above. Fee:$3,696 to 35,728/Dwelling Unit (NE,SW,SE Quadrants) $4,934 to $7,649/Dwelling Unit (NW Quadrant) 'Beg Balance Fees Interest Other Rev Cap Exp End Balance FUND 330 NW 1,019,486 537,554 35,775 -61,267 1,531,548 -FUND 331 NE (3,633,034)407,968 17,444 -(3,207,622) FUND 332 SW 1,875,624 44,841 -248,431 1,672,034 FUND 333 SE 2,105,469 212,472 35,136 -814 2,352,263 1,367,545 1,157,994 133,196 -310,512 2,348,223 - 'FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 INDUSTRIAL COORIDOR FEES (ZONES 5, 13 AND 16-18) BEGINNING ENDING REMAINING 2016-17 AND ESTIMATED BALANCE FEES INTEREST CAPITAL BALANCE APPR.+ENC.FUTURE CONSTRUCTION PERCENTAGE 07/01/15 COLLECTED EARNED EXPENDITURES 06/30/16 AT 6/30/16 APPROPRIATIONS DATE PAID BY FEE Projects: BUSINESS PARK RECREATIONAL FACILITY --4,335,000 2027-31 40% 3,057,353 173,502 49,239 -3,280,094 -4,335,000 Total:4,335,000 Loans:None Fee:$0.40 per square foot/ Industrial &Commercial Zones 5,13,16,17,18 FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 PLANNED LOCAL DRAINAGE FEES BEGINNING ENDING REMAINING 2016-17 AND ESTIMATED BALANCE FEES INTEREST CAPITAL BALANCE APPR. + ENC.FUTURE CONSTRUCTION PERCENTAGE 07/01/15 COLLECTED EARNED EXPENDITURES 06/30/16 AT 6/30/16 APPROPRIATIONS DATE PAID BY FEE . Projects: PLD AREA A -MASTER DRAINAGE PLAN PROJ AAA (Jefferson Street)--289,534 2027-31 100% PLD AREA A -MASTER DRAINAGE PLAN PROJ AAAA (Madison Street)--416,500 2027-31 100% -PLD AREA A -MASTER DRAINAGE PLAN PROJ AC (Highland Drive/Hosp Grove)-862,913 2027-31 100% PLD AREA A -MASTER DRAINAGE PLAN PROJ AFA (Hidden Valley Drainage Restoration)--91,608 2027-31 100% -PLD AREA A -MASTER DRAINAGE PLAN PROJ AFB (Calavera Hills Drainage Restoration)-163,164 2027-31 100% PLD AREA B -AGUA HEDIONDA CHANNEL (FACILITY El + BN)32,411 1,187,150 -In Progress 100% PLD AREA B -COLLEGE BLVD. BRIDGE (REIMB. FACILITY BL-L)--1,816,101 2022-26 100% -PLD AREA B -COLLEGE BLVD/CANNON RD (FACILITY BJ B + BNB + BJ-1)512,196 -In Progress 100% PLD AREA B -PARK DRIVE AND TAMARACK AVENUE STORM DRAIN (FACILITY BCA)5,232 1,063,082 -In Progress 100% PLD AREA B -TAMARACK AND ECR STORM DRAIN AND SILT. BASIN (REIMB. BFB-L + BE-1)-904,329 2027-31 100%- PLD AREA B -MASTER DRAINAGE PLAN PROJ BB 1 and 2 (Washington Street)--1,086,065 2027-31 100% PLD AREA B -MASTER DRAINAGE PLAN PROJ BCB (Magnolia Avenue)--468,096 2027-31 100% PLD AREA B -MASTER DRAINAGE PLAN PROJ BFA (Country Store)--963,673 2027-31 100% PLD AREA B -MASTER DRAINAGE PLAN PROJ BFB-U (El Camino Real)--138,220 2027-31 100% PLD AREA B -MASTER DRAINAGE PLAN PROJ BL-U (College Blvd. Drainage)--384,509 2027-31 100% PLD AREA B -MASTER DRAINAGE PLAN PROJ BM (College Blvd./Canatarini)--204,077 2027-31 100% PLD AREA B -MASTER DRAINAGE PLAN PROJ BQ (Sunnycreek Road)-131,355 2027-31 100% PLD AREA B -MASTER DRAINAGE PLAN PROJ BR (Canatarini/College Blvd.)--180,773 2027-31 100% PLD AREA C -CARLSBAD BLVD ENCINAS CREEK BRIDGE REPLACEMENT (C1)28,925 172,595 ..In Progress 100% PLD AREA C -MASTER DRAINAGE PLAN PROJ C2 (Paseo Del Norte)--727,730 2027-31 100% PLD AREA C -MASTER DRAINAGE PLAN PROJ CA (Avenida Encinas)-529,402 2027-31 100% PLD AREA D -MASTER DRAINAGE PLAN PROJ DBA (Poinsettia Village)--167,215 2027-31 100% PLD AREA D -MASTER DRAINAGE PLAN PROJ DBB (Avenida Encinas)--429,108 2027-31 100% PLD AREA D -MASTER DRAINAGE PLAN PROJ DFA (Batiguitos Lagoon)--256,423 2027-31 100% PLD AREA D -MASTER DRAINAGE PLAN PROJ DH (Altiva Place Canyon)--232,812 2027-31 100% PLD AREA D -MASTER DRAINAGE PLAN PROJ DQB (La Costa Town Center)--745,842 2027-31 100% PLD AREA D -MASTER DRAINAGE PLAN PROJ DZ (Poinsettia Lane)--642,063 2027-31 100% DMP WETLAND CREATION --955,000 2017-18 100% DRAINAGE MASTER PLAN UPDATE --750,000 2016-17 100% 6,324,444 70.545 98,452 66,568 6,426,873 2,935,023 ]13,536,512 Total:16,471,535 Loans:None Fee Per Gross Acre:Low Runoff Medium Runoff High Runoff Area A -Buena Vista Lagoon $6,209 $12,347 $26,906 Area B -Agua Hedionda Lagoon 2,321 4,473 10,056 Area C -Encinas Creek 2,253 3,187 9,763 Area D -Batiguitos Lagoon 2,136 3,494 9,257 FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 TRAFFIC IMPACT FEES BEGINNING ENDING REMAINING I 2016-17 AND ESTIMATED BALANCE FEES INTEREST OTHER OTHER CAPITAL BALANCE APPR. + ENC.FUTURE ::'.ONSTRUCTIOWERCENTAGE 07101/15 COLLECTED EARNED REVENUE(1)EXPENDITURES EXPENDITURES 06/30/16 ...AT 6/30116 APPROPRIATIONS DATE PAID BY FEE Projects: AVENIDA ENCINAS WIDENING -SOUTH OF PALOMAR AIRPORT ROAD --5,177,000 2017-19 100% CARLSBAD BOULEVARD REALIGNMENT -CANNON TO MANZANO (SEGMENT 1)408,079 5,608,172 -In Progress 56% CARLSBAD BLVD. REALIGNMENT / PALOMAR AIRPORT ROAD (SEGMENT 2)--4,349,000 2027-31 100% CARLSBAD BOULEVARD WIDENING MOUNTAIN VIEW TO NORTHERLY CITY LIMITS --2,128,000 2027-31 100% -CARLSBAD VILLAGE DRIVE -PONTIAC TO VICTORIA ..2,924,000 2027-31 100% EL CAMINO REAL AND CANNON ROAD INTERSECTION IMPROVEMENTS 164,407 -656,797 1,200,000 In Progress 100% .EL CAMINO REAL AND CARLSBAD VILLAGE DRIVE DUAL LEFT TURNS ..1,067,000 2022-26 100% EL CAMINO REAL LEFT TURN LANE TO WESTBOUND TAMARACK -286,000 In Progress 100% - - EL CAMINO REAL RIGHT TURN LANE TO EAST BOUND ALGA ROAD -413,000 2022-26 100% EL CAMINO REAL WIDENING -ARENAL ROAD TO LA COSTA AVENUE -450,000 2,100,000 2016-17 100% EL CAMINO REAL WIDENING -TAMARACK TO CHESTNUT '3,272,667 1,619,026 116,000 In Progress 67% MELROSE DRIVE AND ALGA ROAD DUAL LEFT TURN LANES -..1,166,000 2027-31 100% MELROSE DRIVE RIGHT TURN LANE TO WEST BOUND PALOMAR AIRPORT ROAD -465,368 -In Progress 100% PALOMAR AIRPORT RD. AND COLLEGE BLVD. INTERSECTION IMPROV.237 149,944 -In Progress 100% -PALOMAR AIRPORT ROAD TURN LANE TO NORTH EL FUERTE STREET -1,129,000 2022-26 100% PALOMAR AIRPORT ROAD TURN LANE TO SOUTH EL CAMINO REAL 257,197 ---Completed 100% POINSETTIA LANE WIDENING -PASEO DEL NORTE TO BATIQUITOS -980,000 2027-31 100% SIDEWALK/STREET CONSTRUCTION -VALLEY AND MAGNOLIA SIDEWALKS 50,600 1,515,193 300,000 In Progress 97% SIDEWALK/STREET CONSTRUCTION -VARIOUS LOCATIONS 3,285 1,889,363 2,100,000 Ongoing 100% TRAFFIC IMPACT FEE UPDATE -200,000 -In Progress 100% TRAFFIC MONITORING PROGRAM 62,233 299,441 1,056,000 Ongoing 100% 18,929,736 1,512,487 314,211 164,407 -4,218,705 16,702,136 13,139,304 1 26,205,000 Total:39,344,304 (1)Consists of revenue received from a property owner for their fair share of El Camino Real and Cannon Rd. intersection improvements. 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. -$2,163,083 is still outstanding. Loans are not included in the ending balance above. Fees:$3,160 per unit-Residential-Single Family $2,528 per unit -Residential-Condominium FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 PUBLIC FACILITIES FEES — BEGINNING ENDING REMAINING 2016-17 AND ESTIMATED BALANCE FEES INTEREST OTHER CAPITAL OTHER BALANCE APPR.+ENC.FUTURE CONSTRUCTION PERCENTAGE 07/01/15 COLLECTED EARNED REVENUE (1)EXPENDITURESEXPENDITURES(2 06/30/16 _AT 6/30/16 APPROPRIATIONS DATE PAID BY FEE Projects: ALGA NORTE PARK -PARK (30 ACRES) -PHASE 1 30,228 --Completed 100% AVIARA COMMUNITY PARK IMPROVEMENTS -300,000 -In Progress 100% EL CAMINO REAL MEDIANS 491,528 260,001 -In Progress 31% FIRE STATION #3 (RELOCATION)3,833,827 744,541 -in Progress 100% LEO CARRILLO PARK-PHASE III 130,435 946,561 352,995 In Progress 60% LIBRARY EXPANSION (COLE)--11,250,000 2027-31 63% PINE AVENUE PARK -PINE COMMUNITY BUILDING AND GARDENS 730,112 7,715,890 707,000 In Progress 82% POINSETTIA COMMUNITY PARK -DOG PARK/TOT LOT/SPORTS ARENA 239,095 3,649,404 476,725 2015-16 100% POINSETTIA COMMUNITY PARK -COMMUNITY BUILDING --13,196,500 2022-26 100% TRAF SIG -CANNON ROAD AND AVENIDA ENCINAS-REIMB.-149,700 -In Progress 100% 34,299,626 2,530,101 403,400 89,947 5,455,225 800 31,867,049 13,766,097 I 25,983,220 Total:39,749,317 (1) Consists of rental income received on city owned property. (2) Consists of utilities paid an city owned property. Loans:None Fee:3.50% of Building Permit Value • FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 PARKING IN LIEU FEE-VILLAGE AREA BEGINNING ENDING REMAINING 2016-17 AND ESTIMATED BALANCE FEES INTEREST BALANCE APPR. + ENC.FUTURE CONSTRUCTION PERCENTAGE 07/01/15 COLLECTED EARNED EXPENDITURES 06/30/16 AT 6/30/16 APPROPRIATIONS DATE PAID BY FEE Projects: DOWNTOWN PARKING LOT LEASE PAYMENTS (1)43,332 44,288 N/A 100% 460,037 153,320 8,411 43,332 "578,436 44,288 Total:44,288 (1) The city currently leases parking lot areas from North County Transit District on an ongoing basis for village area parking. Loans:None Fee:$11,240 per parking space FINANCIAL INFORMATION REPORT FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 HABITAT MITIGATION FEE BEGINNING ENDING REMAINING 2016-17 AND ESTIMATED BALANCE FEES INTEREST BALANCE APPR.+ENC.FUTURE CONSTRUCTION PERCENTAGE 07/01/15 COLLECTED EARNED EXPENDITURES 06/30/16 AT 6/30/16 APPROPRIATIONS DATE PAID BY FEE Projects: PAYMENT MADE ON GENERAL FUND LOAN 364,204 N/A 100% FUTURE PAYMENTS DUE ON GENERAL FUND LOAN 413,565 N/A 100% 15,134 347,083 4,036 364,204 2,049 413,565 Total:413,565 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 $413,565. Fee:$31,194 per impacted acre-Coastal Sage Scrub $15,598 per impacted acre-Grassland $3,150 per impacted acre-Disturbed Eucalyptus Wood FINANCIAL INFORMATION REPORT FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 AGRICULTURAL MITIGATION FEE BEGINNING ENDING REMAINING 2016-17 AND ESTIMATED BALANCE FEES INTEREST BALANCE APPR. + ENC.FUTURE CONSTRUCTION PERCENTAGE 07/01/15 COLLECTED EARNED EXPENDITURES 06/30/16 -AT 6/30/16 APPROPRIATIONS DATE PAID BY FEE Projects: COMMUNITY GRANTS AND CONTRIBUTIONS 316,627 440,728 -N/A 100% 1,529,791 -19,927 316,627 1,233,091 440,728 - Total:440,728 Loans:None Fee:$10,000 per acre The Agricultural Mitigation Fee Committee meets annually to award community grants based on the available cash balance in the fund. FINANCIAL INFORMATION REPORT .. CAPITAL FUNDS SUBJECT TO GOV. CODE SEC, 66006 YEAR ENDED JUNE 30, 2016 MAJOR FACILITIES FEE FUNDS (POTABLE/RECYCLED WATER) REMAINING 2016-17 AND ESTIMATED BEGINNING 2015-16 MISC CAPITAL ENDING APPR.+ENC.FUTURE CONSTRUCTION PERCENTAGE BALANCE FEES INTEREST REVENUE EXPENDITURES BALANCE AT 6/30/16 APPROPRIATIONS DATE PAID BY FEE Projects: COLLEGE BOULEVARD -CANNON TO BADGER (375 ZONE)-1,059,817 -In Progress 100.00% COLLEGE BOULEVARD -CANNON TO BADGER (490 ZONE)-1,090,000 -In Progress 100.00% DESALINATED SEAWATER TRANSMISSION MAIN 1,043,581 60,719 -In Progress 33.33% MAERKLE PUMP STATION IMPROVEMENTS -365,018 1,585,200 In Progress 100.00% MASTER PLAN UPDATE -113,587 -Complete 100.00% POINSETTIA LANE -CASSIA TO SKIMMER -300,000 -In Progress 100.00% RANCHO CARLSBAD GROUNDWATER SUPPLY --1,750,000 2022+50.00% SAN LUIS REY MISSION BASIN GROUNDWATER SUPPLY -27,500 8,500,000 In Progress 50.00% 27,902,476 I 837,414 436,0081 -1,043,581 28,132,317 3,016,641 I 11,835,200 Total 14,851,841 Loans:None. Fee:$3,934 (5/e" Meter Size).Fees vary depending on meter size. FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 WASTEWATER CONNECTION FEE FUND REMAINING 2016-17 AND ESTIMATED BEGINNING 2015-16 OTHER OTHER CAPITAL ENDING APPR. + ENC.FUTURE CONSTRUCTION PERCENTAGE BALANCE FEES INTEREST REVENUE'EXPENDITURES EXPENDITURES BALANCE AT 6/30/16 APPROPRIATIONS DATE PAID BY FEE Projects: BUENA INTERCEPTOR SEWER/MANHOLE REHAB.25,174 474,826 In Progress 13.07%- ENCINA PHASE V EXPANSION -350,547 -In Progress 100.00% FARADAY/EL CAMINO REAL SEWER REPLACEMENT -140,000 1,400,000 In Progress 100.00% LAS PALMAS TRUNK SEWER -430,000 1,990,000 In Progress 100.00% MARRON ROAD SEWER REPLACEMENT -350,000 In Progress 100.00% SEWER CAPACITY MONITORING PROGRAM 41,427 131,946 330,000 In Progress 100.00% VISTA/CARLSBAD BUENA VISTA LIFT STATION IMPROVEMENTS2 827 148,574 975,000 In Progress 10.40% VISTA/CARLSBAD BUENA VISTA LIFT STATION/FORCE MAIN (VC-4)2 -946,378 In Progress 10.40%- VISTA/CARLSBAD INTERCEPTOR -AGUA HEDIONDA LIFT STATION/FORCEMAIN (VC12-VC13)2 9,728,934 17,387,144 450,000 In Progress 30.90% VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 11B)2 1,655,524 3,126,557 150,000 in Progress 30.90% VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 13-15)2 3,450,565 13,748,716 200,000 In Progress 43.90% VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 3)2 ..-2,688,200 2018+10.40% 19,407,145 400,240 301,823 12,610,102 1 -' I 14,902,451 17,816,859 37,234,688 8,183,200 Total:45,417,888 Loans:-Received a $4,700,000 loan from the Wastewater Replacement Fund. Repayment is scheduled for 2027-2031. Interest is not charged on this loan. This ban is not included in the ending balance above. (1) Includes 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:$881 -General Capacity Fee for all Areas FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2016 SEWER BENEFIT AREA FUNDS (5161517) REMAINING 2016-17 AND ESTIMATED BEGINNING 2015-16 OTHER CAPITAL ENDING APPR. + ENC.FUTURE CONSTRUCTION PERCENTAGE BALANCE FEES INTEREST REVENUE EXPENDITURES BALANCE ,AT 6130/16 APPROPRIATIONS DATE PAID BY FEE Projects: AVIARA LAND ASSOCIATES REIMBURSEMENT AGREEMENT(J,L)-250,020 Complete 100.00% CONTINENTAL REIMBURSEMENT AGREEMENT (H)-129,297 Complete 100.00% KELLY LAND COMPANY REIMBURSEMENT --Complete 100.00% TERRACES AT SUNNY CREEK REIMBURSEMENT --Complete 100.00% 1,175,151 448,580 22,738 --1,646,469 -379,317 Total:379,317 Loans:None. Fee:$1,074.00 -Area A $675.00 -Area G 1,222.00 -Area B 982.00 -Area H 2,252.00 -Area C 1,852.00 -Area J 2,257.00 -Area D 1,464.00 -Area K 3,329.00 -Area E 1,464.00 -Area L 3,347.00 -Area F 72.00 -Area M Areas I and K were merged into Area L. FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 & 66006 YEAR ENDED JUNE 30, 2016 COMMUNITY FACILITIES DISTRICT #1 BEGINNING ENDING REMAINING 2016-17 AND ESTIMATED PERCENTAGE BALANCE TAXES FEES INTEREST OTHER CAPITAL OTHER BALANCE APPR.+ ENC.FUTURE :CONSTRUCTION PAID BY 07/01115 COLLECTED COLLECTED EARNED REVENUE (1)EXPENDITURES EXPENDITURES 06130/16 AT 6/30/16 APPROPRIATIONS DATE TAX/FEE Description • MAINTENANCE AND OPERATIONS CENTER 258,404 13,898,133 In Progress 60% CIVIC CENTER 429 99,046 30,467,000 2022-26 100% LIBRARY EXPANSION (COLE)5645,000 2027-31 32% VETERAN'S MEMORIAL PARK 23,240,000 2027-31 100% ADMINISTRATION COSTS 106,317 34,179 440,000 N1A 100% CFD TAXES 1,547,066 BTD FEES 530 TRAFFIC IMPACT FEES 143,761 PUBLIC FACILITIES FEES 690,660 75710,711 1,547,066 834,951 1,163,707 10,937 258,833 106,317 1 78,902,222 14,031,358 I 59,792,000 Total:73,823,358 (1) Consists of rental income received on city owned property and district annexation fees. Loans:None BTD Fees: various Traffic Impact Fee: $2,690 per unit Residential-Single Family $2,152 per unit -Residential-Condominium $1,614 per unit -Residential-Apartment $107 per trip -Commercial/Industrial Public Facilities Fee: 1.62% of Building Permit Value CFD#1 Tax Rates: various FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 YEAR ENDED JUNE 30, 2016 COMMUNITY FACILITIES DISTRICT #3 IMPROVEMENT AREA 1(1) Date of Initial Amount Deposited Balance at Expenditures Project Issuance To Improvement Fund 06/30/2016 (2)To Date (2)Status 5/11/2006 $9,989,741 $1,527,943 $12,231,780 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 6/30/16 plus expenditures to date and the initial amount deposited. The bond issue related to this improvement area was refunded in September 2016 and all excess cash was utilized in the refunding.This reduced the balance shown above to zero. FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 YEAR ENDED JUNE 30, 2016 COMMUNITY FACILITIES DISTRICT #3 IMPROVEMENT AREA 2(1) Date of Initial Amount Deposited Balance at Expenditures Project Issuance To Improvement Fund 06/30/2016 (2)To Date (2)Status 2/21/2008 $11,844,689 $426,287 $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 6/30/16 plus expenditures to date and the initial amount deposited. The bond issue related to this improvement area was refunded in September 2016 and all excess cash was utilized in the refunding.This reduced the balance shown above to zero.