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HomeMy WebLinkAbout2017-12-05; City Council; ; Adopt a Resolution Accepting the Annual Financial Information Report on Capital Project Funds and Special TaxesThe information to make the findings can be found in the city's Fiscal Year 2017-18 Capital Improvement Program as adopted by City Council on June 13, 2017. 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 ofthe 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 city's Fiscal Year 2017-18 Capital Improvement Program and in the Fiscal Year 2016-17 Comprehensive Annual Financial Report. 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 city's Fiscal Year 2017-18 Capital Improvement Program. When findings are required by this subdivision, December 5, 2017 Item #1 Page 2 of 19 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 2016-17 Comprehensive Annual Financial Report. 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 Fiscal Year Ended June 30, 2017. 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. Public Notification This item was noticed in accordance with the Ralph M . Brown Act and was available for viewing at least 72 hours prior to the meeting date. Exhibits 1. Resolution accepting the Annual Financial Information Report on Capital Project Funds and Special Taxes for Fiscal Year Ended June 30, 2017 (Attachment A) pursuant to California Government Code Sections 50075, 66001 and 66006. December 5, 2017 Item #1 Page 3 of 19 RESOLUTION NO. 2017-221 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ACCEPTING 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 2017-18 Capital Improvement Program as adopted by City Council on June 13, 2017; and WHEREAS, these findings need to be made in conjunction with the public information required by California Government Code Sections 50075 and 66006 and these findings are contained in the Financial Information Report for the year ended June 30, 2017 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 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 December 5, 2017 Item #1 Page 4 of 19 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 2017-18 Capital Improvement Program and Fiscal Year 2016-17 Comprehensive Annual Financial Report, 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 2_!h day of December, 2017, by the following vote, to wit: AYES: NOES: ABSENT: M. Hall, K. Blackburn, M. Schumacher, C. Schumacher, M. Packard. None. None. (SEAL) December 5, 2017 Item #1 Page 5 of 19 BRIDGE AND THOROUGHFARE DISTRICT #2 BEGINNING BALANCE FEES INTEREST 07/01/16 COLLECTED EARNED Projects: POINSETTIA LANE -REACHES A,B,C,F,G & AVIARA PKWY REIMB. POINSETTIA LANE -REACH E CASSIA ROAD TO SKIMMER COURT MISC. FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2017 ENDING CAPITAL OTHER BALANCE REVENUES EXPENDITURES EXPENDITURES 06/30/17 36,395 BALANCE OF CURRENT APPROPRIATIONS AT6/30/17 10,787,945 2017-1 8AND FUTURE APPROPRIATIONS 1,168,833 2,995,200 I 11,132,537 I I 28,624 I 30,626 I 36,395 I I 11,155,392 I I 10,787,945 I 4, 164,033 1 Total: 14,951,978 Loans: None Fee: LFMP Zone 5 20 21 Fee per Average Daily Trip $ 358.00 1,855.00 1,498.00 ESTIMATED CONSTRUCTION DATE 2028-32 2018+ PERCENTAGE PAID BY FEE 100% 100% ~ QJ n :::r 3 ro :::i ..-+ )> December 5, 2017 Item #1 Page 6 of 19 BRIDGE AND THOROUGHFARE DISTRICT #3 BEGINNING BALANCE FEES INTEREST 07/01/16 COLLECTED EARNED Projects: BTD #3 RECONCILIATION AND CLOSEOUT FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2017 ENDING MISC. CAPITAL OTHER BALANCE REVENUES EXPENDITURES EXPENDITURES 06/30/17 1,241 BALANCE OF CURRENT 2017-18AND APPROPRIATIONS FUTURE AT 6/30/17 APPROPRIATION~ 123,759 I 596,809 I 78,336 I <s39 I I 1,24tT I 675,443 I I 123,759 I -I Total: 123,759 Loan: None Fee: $204/Average daily trip ESTIMATED :I CONSTRUCTION PERCENTAGE DATE PAID BY FEE In Progress 100% December 5, 2017 Item #1 Page 7 of 19 COMMUNITY FACILITIES DISTRICT #1 Description MAINTENANCE AND OPERATIONS CENTER CIVIC CENTER COLE LIBRARY EXPANSION VETERAN'S MEMORIAL PARK ADMINISTRATION COSTS CFD TAXES STD FEES TRAFFIC IMPACT FEES PUBLIC FACILITIES FEES BEGINNING BALANCE TAXES 07/01/16 COLLECTED 2,059,001 FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 50075 & 66006 YEAR ENDED JUNE 30, 2017 ENDING FEES INTEREST CAPITAL I OTHER I BALANCE COLLECTED EARNED EXPENDITURES EXPENDITURES 06/30/17 58,271 99,521 1,590 150,780 670,639 BALANCE OF CURRENT 2017-18 AND J ESTIMATED ~ PERCENTAGE APPROPRIATIONS FUTURE CONSTRUCTIO PAID BY AT 6/30/17 PPROPRIATION DATE TAX/FEE 13,839,862 1,31 1,000 In Progress 62% 149,046 31,330,000 2023-27 100% 5,814,000 2028-32 32% 23,240,000 2028-32 100% 44,658 330,000 N/A 100% I 7s,eo2,222 I 2.ose.001 I 823,ooe I 1s3,42e I 58,271 I ee.s21 I 81,soe,8ee 1 [ 14,033,566 ! e2.02s.000J Total: 76,058,566 Loans: None STD Fees: various Traffic Impact Fee: $2,740 per unit -Residential-Single Family $2,192 per unit - Residential-Condominium $1,644 per unit -Residential-Apartment $109 per trip -Commercial/Industrial Public Facilities Fee: 1.82% of Building Permit Value CFD#1 Tax Rates: various December 5, 2017 Item #1 Page 8 of 19 PARK IN LIEU FEES BEGINNING BALANCE FEES INTEREST 07/01/16 COLLECTED EARNED Projects: ROBERTSON RANCH PARK DEVELOPMENT -NORTHEAST QUADRANT FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2017 ENDING OTHER I CAPITAL BALANCE REVENUE EXPENDITURES 06/30/17 PINE AVENUE PARK -COMMUNITY FACILITY AND GARDEN AREAS -NORTHWEST QUADRANT LEO CARRILLO PARK -PHASE Ill -SOUTHEAST QUADRANT 1,142,850 3,468 AVIARA REIMBURSEMENT AGREEMENT -SOUTHWEST QUADRANT AVIARA COMMUNITY PARK GATHERING SPACE AND PICNIC AREAS -SOUTHWEST QUADRANT 54,961 BALANCE OF CURRENT 2017-18AND APPROPRIATIONS FUTURE AT 6/30/17 APPROPRIATIONS 200,000 2,500,000 752,883 240,000 954,818 375,000 219,100 2,558,409 4,000 l 2,348,223 l 1,295,756 l 26,876 l l . ~201,279 l 2,469,576 l I --4,685,210 j 3,119,000 I Total: 7,804,210 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 2028-32. 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 $5,728/Dwelling Unit (NE.SW.SE Quadrants) $4,934 to $7,649/Dwelling Unit (NW Quadrant) Beg Balance Fees FUND 330 NW 1,531 ,548 246,372 FUND 331 NE (3,207,622) 992,104 FUND 332 SW 1,672,034 45,824 FUND 333 SE 2,352,263 11,456 2,348,223 1,295,756 Interest Other Rev Cap Exp 6,821 1,142,850 6,446 7,032 54,961 6,577 3,468 26,876 1,201,279 End Balance 641,891 (2,209,072) 1,669,929 2,366,828 2,469,576 ESTIMATED CONSTRUCTION PERCENTAGE DATE PAID BY FEE 2028-32 26% In Progress 18% In Progress 48% In Progress 100% In Progress 80% December 5, 2017 Item #1 Page 9 of 19 INDUSTRIAL COORIDOR FEES (ZONES 5, 13 AND 16-18} BEGINNING BALANCE FEES 07/01/16 COLLECTED Projects: BUSINESS PARK RECREATIONAL FACILITY FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2017 ENDING BALANCE OF CURRENT INTEREST CAPITAL BALANCE APPROPRIATIONS EARNED EXPENDITURES 06/30/17 AT 6/30/17 2017-18 AND FUTURE APPROPRIATIONS 4,621,000 1 3,280,094 1 411,947 1 8,568 1 1 3,700,609 1 [ ~~ ~_ r 4,621.000 I Total: 4,621,000 Loans: None Fee: $0.40 per square foot on new industrial & commercial construction Zones 5, 13, 16, 17, 18 ESTIMATED CONSTRUCTION PERCENTAGE DATE PAID BY FEE 2028-32 41 % December 5, 2017 Item #1 Page 10 of 19 FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2017 TRAFFIC IMPACT FEES BEGINNING BALANCE FEES INTEREST OTHER 07/01/16 COLLECTED EARNED REVENUE(1) Projects: AVENI DA ENCINAS WIDENING -SOUTH OF PALOMAR AIRPORT ROAD CARLSBAD BLVD. REALIGNMENT I PALOMAR AIRPORT ROAD (SEGMENT 2) CARLSBAD BOULEVARD WIDENING MOUNTAIN VIEW TO NORTHERLY CITY LIMITS CARLSBAD VILLAGE DRIVE WIDENING -PONTIAC DR. TO VICTORIA AVE. 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 AVE. EL CAMINO REAL RIGHT TURN LANE;: TO EAST BOUND ALGA ROAD EL CAMINO REAL WIDENING -ARENAL ROAD TO LA COSTA AVENUE EL CAMINO REAL WIDENING -TAMARACK TO CHESTNUT MELROSE DRIVE AND ALGA ROAD DUAL LEFT TURN LANES MELROSE DRIVE RIGHT TURN LANE TO WEST BOUND PALOMAR AIRPORT ROAD PALOMAR AIRPORT RD. AND COLLEGE BLVD. INTERSECTION IMPROV. PALOMAR AIRPORT ROAD TURN LANE TO NORTH EL FUERTE STREET POINSETIIA LANE WIDENING -PASEO DEL NORTE TO BATIQUITOS DR. SIDEWALK/STREET CONSTRUCTION -VALLEY ST. AND MAGNOLIA AVE. SIDEWALK/STREET CONSTRUCTION -VARIOUS LOCATIONS TERRAMAR AREA COASTAL IMPROVEMENTS TRAFFIC IMPACT FEE UPDATE TRAFFIC MONITORING PROGRAM I .I ENDING I OTHER CAPITAL BALANCE EXPENDITURES EXPENDITURES 06/30/17 330,182 2,777,326 78,921 45,449 386,944 10,725 63,905 I BALANCE OF CURRENT 2017-18 AND APPROPRIATIONS FUTURE AT 6/30/17 APPROPRIATIONS 5,177,000 4,479,000 2,192,000 3,012,000 1,526,615 136,000 1,099,000 286,000 425,000 2,550,000 1,201,000 465,368 149,944 1,163,000 1,009,000 1,736,272 2,143,914 1,800,000 2,221,229 750,001 189,275 331,536 960,000 r · 16.?CJ2,136J 2,852,449 1 38,148 1 150,438 1 1 3,693,452 1 1a,aTsT1sJ I 9,050,153 1 25,953,001 I Total: 35,003,154 (1) Consists of revenue received from property owners for their fair share of traffic and street project costs. 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. -$2,070,958 is still outstanding. Loans are not included in the ending balance above. Fees: $3,230 per unit-Residential-Single Family $2,584 per unit -Residential-Condominium $1,938 per unit -Residential-Apartment $129 per trip -Commercial/Industrial ESTIMATED CONSTRUCTlm PERCENTAGE DATE PAID BY FEE 2018-19 100% 2028-32 24% 2028-32 24% 2028-32 100% In Progress 100% 2023-27 100% In Progress 100% 2023-27 100% 2018-19 100% Completed 67% 2028-32 100% In Progress 100% In Progress 100% 2023-27 100% 2028-32 100% In Progress 54% Ongoing 100% In Progress 67% In Progress 100% Ongoing 100% December 5, 2017 Item #1 Page 12 of 19 PUBLIC FACILITIES FEES BEGINNING BALANCE FEES 07/01/16 COLLECTED Projects: AVIARA COMMUNITY PARK IMPROVEMENTS EL CAMINO REAL MEDIANS FIRE STATION NO. 3 RELOCATION LEO CARRILLO PARK -PHASE 3 COLE LIBRARY EXPANSION INTEREST EARNED PINE AVENUE PARK -COMMUNITY FACILITY AND GARDEN AREAS POINSETTIA COMMUNITY PARK IMPROVEMENTS FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2017 OTHER REVENUE (1) CAPITAL EXPENDITURES 46,282 21 ,516 80,796 475,956 141,626 ENDING BALANCE OF CURRENT BALANCE APPROPRIATIONS 06/30/17 AT 6/30/17 300,000 213,719 723,024 1,218,760 8,919,973 3,984,504 2017-18AND FUTURE APPROPRIATIONS 400,000 3,750 11,588,000 13,300 13,592,000 C31,867,049 j . 6,342,879 j 90,757 j 67,881 ! 766,176 ! 37,602,390 ! G:c 15,359,980 ! 25,597,050 I Total: 40,957,030 (1) Consists of rental income received on city owned property. Loans: None Fee: 3.50% of Building Permit Value ESTIMATED CONSTRUCTION PERCENTAGE DATE PAID BY FEE In Progress 20% In Progress 31% In Progress 100% In Progress 52% 2028-32 63% In Progress 82% In Progress 100% December 5, 2017 Item #1 Page 13 of 19 PARKING IN LIEU FEE-VILLAGE AREA BEGINNING BALANCE FEES 07/01/16 COLLECTED Projects: DOWNTOWN PARKING LOT LEASE PAYMENTS (1) FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2017 ENDING BALANCE OF CURRENT INTEREST BALANCE APPROPRIATIONS EARNED EXPENDITURE::: 06/30/16 AT 6/30/17 43,871 2017-18 AND FUTURE APPROPRIATIONS 44,288 I 578,436 I 238,440 I 2,984 I 43,871 I 775,989 I I I 44,2881 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 ESTIMATED CONSTRUCTION PERCENTAGE DATE PAID BY FEE N/A 100% December 5, 2017 Item #1 Page 14 of 19 HABITAT MITIGATION FEE BEGINNING BALANCE FEES INTEREST 07/01/16 COLLECTED EARNED Projects: PAYMENT MADE ON GENERAL FUND LOAN FUTURE PAYMENTS DUE ON GENERAL FUND LOAN FINANCIAL INFORMATION REPORT FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2017 ENDING BALANCE OF CURRENT BALANCE APPROPRIATIONS EXPENDITUREE 06/30/17 AT 6/30/17 141,606 277,120 2017-18AND FUTURE APPROPRIATIONS j 3,155 j 138,781 ! [ ~fh606~,~~-33() j I 277,120 [ -I Total: 277,120 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 $277,120. Fee: $31,943 per impacted acre-Coastal Sage Scrub $15,972 per impacted acre-Non-NativeGrassland $3,195 per impacted acre-Agricultural Land, Disturbed Land, Eucalyptus Wood ESTIMATED CONSTRUCTION DATE N/A N/A PERCENTAGE PAID BY FEE 100% 100% December 5, 2017 Item #1 Page 15 of 19 AGRICULTURAL MITIGATION FEE BEGINNING BALANCE FEES INTEREST 07/01/16 COLLECTED EARNED Projects: COMMUNITY GRANTS AND CONTRIBUTIONS FINANCIAL INFORMATION REPORT FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2017 ENDING BALANCE OF CURRENT BALANCE APPROPRIATIONS EXPENDITURES 06/30/16 AT 6/30/17 140,130 400,598 2017-18 AND FUTURE APPROPRIATIONS 1 1,233,091 c~----so.5oo 1 3,400 1 140,130, 1,146,861, I ~----400,598' -I Total: 400,598 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. ESTIMATED CONSTRUCTION PERCENTAGE DATE PAID BY FEE N/A 100% December 5, 2017 Item #1 Page 16 of 19 MAJOR FACILITIES FEE FUNDS (POTABLE/RECYCLED WATER) BEGINNING 2016-17 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 POINSETIIA 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, 2017 MISC REVENUE CAPITAL EXPENDITURES 2,811 236 ENDING BALANCE I 28.132.311 I 1.857.191 I 75,740 I I 3,041 I 30.062.201 I REMAINING APPR. + ENC. 7AT6/30/17 1,059,817 1,090,000 60,719 236 300,000 27,500 2,538,2721 Total Loans: None. Fee: $4,013 (5/8" Meter Size). Fees vary depending on meter size. 2017-18 AND ESTIMATED FUTURE CONSTRUCTION PERCENTAGE APPROPRIATIONS DATE PAID BY FEE In Progress 100% In Progress 100% In Progress 33% 1,940,000 In Progress 100% In Progress 100% 1,750,000 2022+ 50% 8,500,000 In Progress 50% 12. 190.000 I 14,728,272 December 5, 2017 Item #1 Page 17 of 19 WASTEWATER CONNECTION FEE FUND BEGINNING 2016-17 OTHER BALANCE FEES INTEREST REVENUE1 Projects: 55012 BUENA INTERCEPTOR SEWER/MANHOLE REHAB. 58031 ENCINA PHASE V EXPANSION 55391 FARADAY/EL CAMINO REAL SEWER REPLACEMENT 55401 LAS PALMAS TRUNK SEWER 55411 MARRON ROAD SEWER REPLACEMENT 55041 SEWER CAPACITY MONITORING PROGRAM 55351 VISTA/CARLSBAD BUENA VISTA LIFT STATION IMPROVEMENTS2 55082 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, 2017 OTHER CAPITAL ENDING EXPENDITURES EXPENDITURES BALANCE 8,188 34921 VISTA/CARLSBAD INTERCEPTOR-AGUA HEDIONDA LIFT STATION/FORCEMAIN (VC12-VC13)2 38861 VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 118)2 38,885 13,606 236 10,416,808 2,530,717 11,435,454 39491 VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 13-15)2 39501 VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 3)2 I 11,816,859 I 1,378,891 I (424)! 15,284,214 I I 24,443,894 I 10,03s,s41 I REMAINING 2017-18 AND ESTIMATED APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE AT 6/30/17 APPROPRIATIONS DATE PAID BY FEE 466,638 In Progress 13% In Progress 100% 140,000 1,400,000 In Progress 100% 2,420,000 In Progress 100% In Progress 100% 115,061 330,000 In Progress 100% 359,967 750,000 In Progress 10% (1) In Progress 10% 7,420,336 617,000 In Progress 31% 745,838 883,000 In Progress 31 % 2,513,261 450,000 In Progress 44% 2,688,200 2018+ 10% 11,161,100 I 9,538,200 Total: 21 ,299,300 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 loan 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: S899 -General Capacity Fee for all Areas December 5, 2017 Item #1 Page 18 of 19 SEWER BENEFIT AREA FUNDS (516/5171 BEGINNING 2016-17 BALANCE FEES INTEREST Projects: AVIARA LAND ASSOCIATES REIMBURSEMENT AGREEMENT(J,L) CONTINENTAL REIMBURSEMENT AGREEMENT (H) PLUM TREE WALK (I) MISCELLANEOUS PROJECTS (I) NO MAN IS (F) FINANCIAL INFORMATION REPORT CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006 YEAR ENDED JUNE 30, 2017 OTHER OTHER REVENUE EXPENDITURES 73,019 5,740 CAPITAL EXPENDITURES 27,044 4,478 ENDING BALANCE REMAINING APPR. + ENC. AT 6/30/17 2017-18AND FUTURE APPROPRIATIONS 250,020 102,253 I 1,646,4691 1,747,721 I 7,0121 5,740 I . 73,019 I 31,522 I 3,302,401 I E I 352,Fn Total: 352,273 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. ESTIMATED CONSTRUCTION DATE Complete Complete Complete Complete Complete PERCENTAGE PAID BY FEE 100% 100% 100% 100% 100% December 5, 2017 Item #1 Page 19 of 19