HomeMy WebLinkAbout2018-12-11; City Council; ; Annual Financial Information Report on Capital Project Funds and Special Taxes~ CITY COUNCIL V Staff Report
Meeting Date:
To:
From:
Staff Contact:
December 11, 2018
Mayor and City Council
Scott Chadwick, City Manager
Jill Moya, Senior Accountant
jill.moya@carlsbadca.gov or 760-602-2428
CA Review ~
Subject: 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, 66006 and 66001.
Executive Summary
California Government Code requires the city to annually report the status of certain fees and
special taxes. More specifically, the City Council 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 indic~ting 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 chieffiscal 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.
December 11, 2018 Item #2 Page 1 of 19
The information to make the findings can be found in the city's Fiscal Year 2018-19 Capital
Improvement Program as adopted by City Council on June 12, 2018. 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 city's Fiscal Year 2018-19 Capital
Improvement Program and in the Fiscal Year 2017-18 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 2018-19 Capital Improvement Program. When findings are required by this subdivision,
December 11, 2018 Item #2 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 2017-18 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, 2018.
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. City Council Resolution
December 11, 2018 Item #2 Page 3 of 19
RESOLUTION NO. 2018-205
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, 66006 AND 66001
Exhibit 1
WHEREAS, the City Council of 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 50075.1; and
WHEREAS, the City of Carlsbad is required to annually report certain financial information
related to capital funds established to track fees charged in connection with the approval of a
development projects pursuant to California Government Code Section 66006; and
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 information to make the required findings can be found in the Fiscal Year
2018-19 Capital Improvement Program as adopted by City Council on June 12, 2018; and
WHEREAS, these findings need to be made in conjunction with the public information
required by California Government Code Sections 50075, 66006, and 66001 and these findings
are contained in the Financial Information Report for the year ended June 30, 2018 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, 66006 and 66001:
December 11, 2018 Item #2 Page 4 of 19
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.
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 2018-19 Capital Improvement Program and Fiscal Year 2017-18
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 11th day of December, 2018, by the following vote, to wit:
AYES: M. Hall, K. Blackburn, M. Schumacher, C. Schumacher, M. Packard.
NOES:
ABSENT:
None.
None.
(SEAL)
December 11, 2018 Item #2 Page 5 of 19
BRIDGE AND THOROUGHFARE DISTRICT #2
BEGINNING
BALANCE FEES INTEREST
7/1/2017 COLLECTED EARNED
Projects:
POINSETTIA LANE -REACHES A,B,C,F,G & AVIARA PKWY REIMB.
POINSETTIA LANE -REACH E CASSIA ROAD TO SKIMMER COUR1
11,155,392 j 267,ooo I 38,677 j
Loans: None
Fee: Fee per
Average Daily
LFMP Zone Trip
5 $ 372.00
20 1,928.00
21 1,557.00
MISC.
REVENUES
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
ENDING
CAPITAL OTHER BALANCE
EXPENDITURES EXPENDITURES 6/30/2018
13,995
13,995 j 11,447,075]
BALANCE OF CURRENT
APPROPRIATIONS
AT 06/30/2018
12,645,950
12,645,950
Total:
FY 2018-19 AND
FUTURE
APPROPRIATIONS
1,168,833
1,123,200
2,292,033
14,937,983
ESTIMATED
CONSTRUCTION
DATE
2024-33
2019+
PERCENTAGE
PAID BY FEE
100%
100%
~ QJ n :::;
3 ro :, e+
)>
December 11, 2018 Item #2 Page 6 of 19
BRIDGE AND THOROUGHFARE DISTRICT #3
BEGINNING
BALANCE FEES INTEREST
7/1/2017 COLLECTED EARNED
Projects:
BTD #3 RECONCILIATION AND CLOSEOUT
675,4431 4,2931
Loan: None
MISC.
REVENUES
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
ENDING
CAPITAL OTHER BALANCE
EXPENDITURES EXPENDITURES (1) 6/30/2018
18,737
18,7371 174,400 I 486,598 J
(1) Expense was a fund transfer to reimburse the General Fund for the value of 8.72 acres of mitigation habitat acquired from the city
for the construction of Cannon Road Reaches 1 and 2 at an appraised value of $174.400.
Fee: $212/ Average daily trip
BALANCE OF CURRENT FY 2018-19 AND ESTIMATED
APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE
AT 06/30/2018 APPROPRIATIONS DATE PAID BY FEE
105,021 In Progress 100%
105,021 I
Total: 105,~
December 11, 2018 Item #2 Page 7 of 19
COMMUNITY FACILITIES DISTRICT #1
BEGINNING
BALANCE TAXES
7/1/2017 COLLECTED
Description
ORION CENTER
CITY HALL
COLE LIBRARY EXPANSION
VETERAN'S MEMORIAL PARK
ADMINISTRATION COSTS
CFO TAXES
BTD FEES
TRAFFIC IMPACT FEES
PUBLIC FACILITIES FEES
Loans: None
BTD Fees:
various
Traffic Impact Fee:
81,809,869 I
1,773,401
1,773,401 I
$2,800 per unit -Residential-Single Family
$2,240 per unit -Residential-Condominium
$1,680 per unit -Residential-Apartment
$111 per trip-Commercial/Industrial
Public Facilities Fee:
1.82% of Building Permit Value
CFD#l Tax Rates:
various
FEES
COLLECTED
1,060
784,812
785,8721
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. S007S & 66006
FOR THE YEAR ENDED JUNE 30, 2018
ENDING BALANCE OF CURRENT
INTEREST CAPITAL OTHER BALANCE APPROPRIATIONS
EARNED EXPENDITURES EXPENDITURES 6/30/2018 AT 06/30/2018
274,369 14,876,492
21,520
88,581 176,077
11,887
247,825 ! 295,889 ! 100,467 ! 84,220,611 I 1 15,052,569 I
Total:
FY 2018-19 AND ESTIMATED PERCENTAGE
FUTURE CONSTRUCTION PAID BY
APPROPRIATIONS DATE TAX/FEE
In Progress 61%
32,141,895 2023-27 100%
5,988,000 2028-32 32%
23,240,000 2028-32 100%
220,000 N/A 100%
61,589,895
76,642,464
December 11, 2018 Item #2 Page 8 of 19
PARK IN LIEU FEES
BEGINNING
BALANCE FEES INTEREST
7/1/2017 COLLECTED EARNED
Projects:
ROBERTSON RANCH PARK DEVELOPMENT -NORTHEAST QUADRANT
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
ENDING
OTHER CAPITAL BALANCE
REVENUE EXPENDITURES 6/30/2018
PINE AVENUE PARK-COMMUNITY FACILITY AND GARDEN AREAS-NORTHWEST QUADRANT
LEO CARRILLO PARK -PHASE Ill -SOUTHEAST QUADRANT
992,884
887,896
AVIARA REIMBURSEMENT AGREEMENT -SOUTHWEST QUADRANT
AVIARA COMMUNITY PARK GATHERING SPACE AND PICNIC AREAS -SOUTHWEST QUADRANT 9,191
2,469,5761 886,7141 31,969 I 1,889,971 I 1,498,288 J
BALANCE OF CURRENT
APPROPRIATIONS
AT 06/30/2018
200,000
219,100
2,553,218
2,972,318 I
Total:
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 improvement projects.
Repayment is scheduled as fees are collected. Interest is not charged on this loan.
Current loan balance is $1,100,000.
Fee: $3,696 to $5,728/Dwelling Unit (NE,SW,SE Quadrants)
$4,934 to $7,649/Dwelling Unit (NW Quadrant)
FY 2018-19 AND ESTIMATED
FUTURE CONSTRUCTION PERCENTAGE
APPROPRIATIONS DATE PAID BY FEE
2,4S0,000 2028-32 25%
Complete 18%
In Progress 45%
In Progress 100%
292,900 In Progress 82%
2,742,900
5,715,218
December 11, 2018 Item #2 Page 9 of 19
INDUSTRIAL COORIDOR FEES (ZONES S, 13 AND 16-18)
Projects:
BEGINNING
BALANCE
7/1/2017
BUSINESS PARK RECREATIONAL FACILITY
3,700,609 j
Loans: None
FEES
COLLECTED
491,078 j
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
ENDING
INTEREST I CAPITAL I BALANCE
EARNED EXPENDITURES 6/30/2018
10,410 I 4,202,098]
BALANCE OF CURRENT
APPROPRIATIONS
AT 06/30/2018
Total:
Fee: $0.40 per square foot on new industrial & commercial construction
Zones 5, 13, 16, 17, 18
FY 2018-19 AND ESTIMATED
FUTURE I CONSTRUCTION I PERCENTAGE
APPROPRIATIONS DATE PAID BY FEE
4,760,000 2028-32 42%
4,760,000 I
4,760,000
December 11, 2018 Item #2 Page 10 of 19
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
PLANNED LOCAL DRAINAGE FEES
BEGINNING
BALANCE FEES INTEREST
7/1/2017 COLLECTED EARNED
Projects:
PLD AREA A-DRAINAGE MASTER PLAN FACILITY AAA (Jefferson Street)
PLD AREA A-DRAINAGE MASTER PLAN FACILITY AAAA (Madison Street)
PLD AREA A-DRAINAGE MASTER PLAN FACILITY AC (Highland Drive)
PLD AREA A-DRAINAGE MASTER PLAN FACILITY AFA (Hidden Valley Drainage Restoration)
PLD AREA A-DRAINAGE MASTER PLAN FACILITY AFB {Calavera Hills Drainage Restoration)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY B + BN (Agua Hedionda and Calavera Creek)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BL-L (College Blvd. Bridge Reimb.)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BJ B + BNB + BJ-1 (College and Cannon Rd.)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BCA (Park Drive and Tamarack Avenue)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BFB-L + BF-1 {Tamarack and El Camino Real)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BB 1 and 2 (Washington Street)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BCB {Magnolia Avenue)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BFA (Country Store)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BFB-U (El Camino Real)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BL-U (College Blvd.)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BM (Cantarini/College Blvd. Box Culvert)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BQ (Sunny Creek)
PLD AREA B -DRAINAGE MASTER PLAN FACILITY BR (Canatarini/College Blvd. Pipe Drainage)
PLD AREA C-DRAINAGE MASTER PLAN FACILITY Cl (Carlsbad Blvd. Encinas Creek Bridge)
PLD AREA C-DRAINAGE MASTER PLAN FACILITY C2 {Paseo Del Norte)
PLD AREA C-DRAINAGE MASTER PLAN FACILITY CA (Avenida Encinas)
PLD AREA D -DRAINAGE MASTER PLAN FACILITY DBA (Poinsettia Village)
PLD AREA D -DRAINAGE MASTER PLAN FACILITY DBB (Avenida Encinas)
PLD AREA D -DRAINAGE MASTER PLAN FACILITY DFA (Batiquitos Lagoon Stormwater Treatment)
PLD AREA D -DRAINAGE MASTER PLAN FACILITY DH (Altiva Place Canyon Restoration)
PLD AREA D -DRAINAGE MASTER PLAN FACILITY DQB (La Costa Town Square Center)
PLD AREA D -DRAINAGE MASTER PLAN FACILITY DZ (Poinsettia Lane)
DMP WETLAND CREATION
DRAINAGE MASTER PLAN UPDATE
6,629,381 I 1s1,798 I
Loans: None
24,128 I
Fee Per Gross Acre: Low Runoff Medium Runoff Hi_g:h Runoff
Area A-Buena Vista Lagoon
Area B -Agua Hedionda Lagoon
Area C -Encinas Creek
Area D -Batiquitos Lagoon
$ 6,526 $
2,439
2,368
2,245
12,977 $
4,702
3,350
3,673
28,279
10,569
10,262
9,729
ENDING
CAPITAL BALANCE
EXPENDITURES 6/30/2018
20,148
178,293
56,073
32,298
286,812 1 6,s24,49s I
BALANCE OF
CURRENT
APPROPRIATIONS
AT 06/30/2018
1,146,157
1,066,294
963,673
81,970
163,017
922,466
749,438
5,093,015
Total:
FY 2018-19
AND FUTURE
APPROPRIATIONS
289,534
416,500
921,408
91,608
163,164
1,816,101
512,196
904,329
1,086,065
468,096
384,509
204,077
131,355
180,773
727,730
529,402
167,215
429,108
256,423
232,812
745,842
642,063
11,300,310
16,393,325
ESTIMATED
CONSTRUCTION PERCENTAGE
DATE PAID BY FEE
2028-32 100%
2028-32 100%
2028-32 100%
2028-32 100%
2028-32 100%
In Progress 100%
2023-27 100%
2028-32 100%
In Progress 100%
2028-32 100%
2028-32 100%
2028-32 100%
2018-19 100%
In Progress 100%
2028-32 100%
2028-32 100%
2028-32 100%
2028-32 100%
In Progress 100%
2028-32 100%
2028-32 100%
2028-32 100%
2028-32 100%
2028-32 100%
2028-32 100%
2028-32 100%
2028-32 100%
In Progress 100%
In Progress 100%
December 11, 2018 Item #2 Page 11 of 19
TRAFFIC IMPACT FEES
BEGINNING
BALANCE FEES INTEREST OTHER
7/1/2017 COLLECTED EARNED REVENUE
Projects:
AVENIDA ENCINAS WIDENING -SOUTH OF PALOMAR AIRPORT ROAD
CARLSBAD BLVD. REALIGNMENT/ 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
POINSETTIA 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
16,049,7191 3,009,4371 50,4841
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
OTHER
EXPENDITURES
CAPITAL
EXPENDITURES
244,820
115,242
6,147
211,511
390
46,071
ENDING
BALANCE
6/30/2018
624,181 ! 18,48S,4S8 !
BALANCE OF CURRENT FY 2018-19 AND ESTIMATED
APPROPRIATIONS FUTURE CONSTRUCTION
AT 06/30/2018 APPROPRIATIONS DATE
5,177,000 2019-20
4,613,000 2028-32
2,258,000 2028-32
3,102,000 2028-32
1,417,794 100,000 In Progress
1,132,000 2023-27
286,000 In Progress
438,000 2023-27
2,550,000 2018-19
10,082 Completed
1,237,000 2028-32
465,368 In Progress
149,944 In Progress
1,198,000 2023-27
1,039,000 2028-32
2,932,999 In Progress
2,437,767 1,S00,000 Ongoing
3,259,720 In Progress
188,875 In Progress
381,464 864,000 Ongoing
11,530,013 ! 25,208,000 I
Total: 36,738,013
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.
-$1,973,013 is still outstanding.
Fees: $3,290 per unit -Residential-Single Family
$2,632 per unit -Residential-Condominium
$1,974 per unit -Residential-Apartment
$132 per trip-Commercial/Industrial
PERCENTAGE
PAID BY FEE
100%
25%
25%
100%
100%
100%
100%
100%
100%
66%
100%
100%
100%
100%
100%
53%
100%
65%
100%
100%
December 11, 2018 Item #2 Page 12 of 19
PUBLIC FACILITIES FEES
BEGINNING
BALANCE FEES
7/1/2017 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
POINSETTIA PARK -PH IV
37,602,3911 4,706,9051 172,3241
(1) Consists of rental income received on city owned property.
Loans: None
Fee: 3.50% of Building Permit Value
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
ENDING BALANCE OF CURRENT
OTHER
REVENUE (1)
489,2811
CAPITAL
EXPENDITURES
59,135
862,265
7,861,520
35,107
2,621
BALANCE
6/30/2018
8,820,648 ! 34,150,252 !
APPROPRIATIONS
AT 06/30/2018
700,000
213,720
663,890
1,071,753
4,858,872
27,379
7,535,614 I
Total:
FY 2018-19 AND ESTIMATED
FUTURE CONSTRUCTION PERCENTAGE
APPROPRIATIONS DATE PAID BY FEE
In Progress 18%
In Progress 31%
In Progress 100%
227,250 In Progress 55%
11,936,000 2028-32 63%
Complete 82%
12,103,000 In Progress 100%
963,840 In Progress 100%
25,230,090 I
32,765,704
December 11, 2018 Item #2 Page 13 of 19
PARKING IN LIEU FEE-VILLAGE AREA
Projects:
BEGINNING
BALANCE
7/1/2017
FEES
COLLECTED
DOWNTOWN PARKING LOT LEASE PAYMENTS (1)
ns,989 I 359,680 I
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
ENDING
INTEREST I I BALANCE
EARNED EXPENDITURES 6/30/2018
44,638
44,638 I 1,091,031 I
BALANCE OF CURRENT
APPROPRIATIONS
AT 06/30/2018
Total:
(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
FY 2018-19 AND I ESTIMATED
FUTURE CONSTRUCTION I PERCENTAGE
APPROPRIATIONS DATE PAID BY FEE
45,000 N/A 100%
45,000 I
45,000
December 11, 2018 Item #2 Page 14 of 19
HABITAT MITIGATION FEE
BEGINNING
BALANCE
7/1/2017
Projects:
FEES
COLLECTED
PAYMENT MADE ON GENERAL FUND LOAN
FUTURE PAYMENTS DUE ON GENERAL FUND LOAN
FINANCIAL INFORMATION REPORT
FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
ENDING
INTEREST I I BALANCE
EARNED EXPENDITURES 6/30/2018
96,195
BALANCE OF CURRENT
APPROPRIATIONS
AT 06/30/2018
185,282
I FY 2018-19 AND I ESTIMATED
FUTURE CONSTRUCTION
APPROPRIATIONS DATE
N/A
N/A
330 I 96,289 ! 96,195 ! 424 I 185,282 !
185,~82 I
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 available. Interest is charged annually on this loan.
Current loan balance including accrued interest is $185,282.
Loans are not included in the ending_ balance above.
Fee: $32,582 per impacted acre-Coastal Sage Scrub
$16,292 per impacted acre-Non-NativeGrassland
$3,259 per impacted acre-Agricultural Land, Disturbed Land, Eucalyptus Wood
Total:
PERCENTAGE
PAID BY FEE
100%
100%
December 11, 2018 Item #2 Page 15 of 19
AGRICULTURAL MITIGATION FEE
Projects:
BEGINNING
BALANCE
7/1/2017
COMMUNITY GRANTS AND CONTRIBUTIONS
1,146,8611
Loans: None
Fee: $10,000 per acre
FEES
COLLECTED
INTEREST
FINANCIAL INFORMATION REPORT
FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
EARNED I EXPENDITURES
ENDING
BALANCE
6/30/2018
BALANCE OF CURRENT
APPROPRIATIONS
AT 06/30/2018
275,834 216,711
6,sn I 275,8341 877,599] 216,7111
Total:
FY 2018-19 AND
FUTURE
APPROPRIATIONS
216,~
ESTIMATED
CONSTRUCTION
DATE
N/A
PERCENTAGE
PAID BY FEE
100%
December 11, 2018 Item #2 Page 16 of 19
MAJOR FACILITIES FEE FUNDS (POTABLE/RECYCLED WATER)
BEGINNING FY 2017-18
BALANCE FEES
Projects:
COLLEGE BOULEVARD -CANNON TO BADGER (375 ZONE)
COLLEGE BOULEVARD -CANNON TO BADGER (490 ZONE)
DESALINATED SEAWATER TRANSMISSION MAIN
POINSETTIA LANE -CASSIA TO SKIMMER
RANCHO CARLSBAD GROUNDWATER SUPPLY
SAN LUIS REY MISSION BASIN GROUNDWATER SUPPLY
30,062,2071 1,687,6351
Loans: None.
INTEREST
98,98_9_j
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
MISC CAPITAL ENDING
REVENUE EXPENDITURES BALANCE
43,344
43,344 ! 31,805,487 I I
Fee: $4,169 (5/8" Meter Size). Fees vary depending on meter size.
REMAINING FY 2018-19 AND ESTIMATED
APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE
AT 06/30/2018 APPROPRIATIONS DATE PAID BY FEE
1,059,817 In Progress 100%
1,090,000 In Progress 100%
14,565 In Progress 33%
300,000 In Progress 100%
1,750,000 2024+ 50%
27,500 8,500,000 In Progress 50%
2,491,882 I 10,250,000
Total 12,741,882
December 11, 2018 Item #2 Page 17 of 19
WASTEWATER CONNECTION FEE FUND
BEGINNING FY 2017-18
BALANCE FEES INTEREST
Projects:
BUENA INTERCEPTOR SEWER/MANHOLE REHAB.
ENCINA PHASE V EXPANSION
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
OTHER
REVENUE1
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
OTHER CAPITAL ENDING
EXPENDITURES EXPENDITURES BALANCE
(33,361)
25,500
VISTA/CARLSBAD INTERCEPTOR -AGUA HEDIONDA LIFT STATION/FORCEMAIN (VC12-VC13f 6,396,888
VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 11B)2 1,263,169
VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 13-15)2 1,629,637
VISTA/CARLSBAD TRUNK LINE INTERCEPTOR (REACH 3)2
10,035,647 ! 821,613 ! 20,537 ! 6,120,907 ! I 9,281,833 ! 7,716,871 I
REMAINING FY 2018-19 AND ESTIMATED
APPR. + ENC. FUTURE CONSTRUCTION PERCENTAGE
AT 06/30/2018 APPROPRIATIONS DATE PAID BY FEE
500,000 In Progress 13%
In Progress 100%
140,000 1,420,000 In Progress 100%
3,132,000 2020-21 100%
In Progress 100%
111,561 330,000 In Progress 100%
1,109,967 In Progress 10%
In Progress 10%
1,640,449 100,000 In Progress 31%
365,671 SS,000 In Progress 31%
1,333,623 95,000 In Progress 44%
2,688,200 2019+ 10%
I 5,201,2711 7,820,200
Total: 13,021,471
Loans: -Received a $4,700,000 loan from the Wastewater Replacement Fund. Repayment is scheduled for 2024-2033. 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: $934 -General Capacity Fee for all Areas
December 11, 2018 Item #2 Page 18 of 19
SEWER BENEFIT AREA FUNDS (S16/S17)
BEGINNING FY 2017-18
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)
3,302,401 I 1,333,990 I 4,466 J
Loans: None.
Fee: $ 1,146.00 -Area A $ 720.00 -Area G
1,304.00 -Area B 1,048.00 -Area H
2,403.00 -Area C 1,976.00 -Area J
2,408.00 -Area D 1,562.00 -Area K
3,552.00 -Area E 1,562.00 -Area L
3,571.00 -Area F 77.00 -Area M
Areas I and K were merged into Area L.
OTHER
REVENUE
FINANCIAL INFORMATION REPORT
CAPITAL FUNDS SUBJECT TO GOV. CODE SEC. 66006
FOR THE YEAR ENDED JUNE 30, 2018
OTHER CAPITAL ENDING
EXPENDITURES EXPENDITURES BALANCE
19,581
43,604
5,740
68,925 i 4,571,932 i
REMAINING
APPR. + ENC.
AT 06/30/2018
I Total:
FY 2018-19 AND ESTIMATED
FUTURE CONSTRUCTION PERCENTAGE
APPROPRIATIONS DATE PAID BY FEE
215,125 Complete 100%
58,649 Complete 100%
Complete 100%
Complete 100%
Complete 100%
I 273,7741
273,774
December 11, 2018 Item #2 Page 19 of 19