HomeMy WebLinkAbout2021-12-14; City Council; ; Annual Financial Information Report on Capital Project Funds and Special TaxesMeeting Date Dec. 14, 2021
To: Mayor and City Council
From: Scott Chadwick, City Manager
Staff Contact: Kim Riboni, Senior Accountant
kim.riboni@carlsbadca.gov, 760-602-2428
Subject: Annual Financial Information Report on Capital Project Funds and Special
Taxes
District: All
Recommended Action
Adopt a resolution accepting the Annual Financial Information Report on Capital Project Funds
and Special Taxes in accordance with California Government Code Sections 50075, 66001 and
66006.
Executive Summary
The California Government Code requires the City of Carlsbad to report the status of certain
fees and special taxes each year. More specifically, the City Council must annually make findings
regarding any local special tax measure and any fee established, increased, or imposed after
Jan. 1, 1989. The required findings are included in Attachment A of Exhibit 1.
Discussion
California Government Code Sections 50075 through 50077.5 were enacted to gain voters’
confidence and support of special taxes by demonstrating that local agencies will spend any
special tax funds on the facilities and services for which they were intended. To accomplish this
goal, Section 50075.1 requires that any local special tax and local bond measure subject to
voter approval:
•Contain a statement indicating the specific purposes of the special tax
•Have a requirement that the proceeds of the special tax be applied to those purposes
•Use a separate account into which the proceeds shall be deposited
•Have an annual report containing information regarding the use of proceeds
The first three requirements of Section 50075.1 are met through the formation of a special tax
district. The fourth is satisfied annually under Section 50075.3, which requires the chief fiscal
officer of the local agency to file an annual a report with its governing body that contains:
•The amount of funds collected and expended
•The status of any project required or authorized to be funded as identified in subdivision
(a) of Section 50075.1
Dec. 14, 2021 Item #1 Page 1 of 19
When findings are required by this subdivision, they need to be made in connection with the
public information required by Sections 50075 through 50077.5. The information to support the
required findings can be found in the city’s fiscal year 2021-22 Capital Improvement Program,
which was adopted by the City Council on June 8, 2021. The attached resolution includes the
required findings, and, if it is adopted, the city will have complied with Section 50075.1.
Section 66006 requires local agencies to annually report certain financial information related to
any capital funds that were established to track fees charged in connection with the approval of
a development project. The information required by the California Government Code includes:
•A description of the fee
•The amount of the fee
•The beginning and ending balance of the fund
•The amount of the fees collected, and interest earned
•An identification and amount of each public improvement on which fees were expended
•The total percentage of the project funded by that fee
•The approximate date by which the construction of the public improvement will begin
•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
•Any refunds made to developers in accordance with the code
Additionally, under Section 66006, the city is required to have the report be available to the
public not less than 15 days prior to a scheduled public meeting. The report was made available
on the city website in the Finance Department’s Financial Reports section, at Development
Impact Fee Annual Report..
The attached report provides all the information required by Section 66006 for development
fees that fall under this disclosure requirement. Certain ending fund balances exclude advances
and loans which may result in a fund balance that is lower than the appropriated balance. The
loans and advances may be paid through future collections of fees. The reported fund balances
could be subject to refunds, however, there are no refunds due at issuance of this report. Funds
in review for eligible refunds include sewer benefit areas (SBAs) and the Bridge and
Thoroughfare District (BTD #3). Any potential refunds will be included in future reports. More
information on these funds, and all other capital funds, are available in the city’s fiscal year
2021-22 Capital Improvement Program and in the fiscal year 2020-21 Annual Comprehensive
Financial Report.
In addition to the required annual reporting under Section 66006, Section 66001 requires local
agencies to make the following findings every five years with respect to the portion of the fund
remaining unexpended, whether committed or uncommitted, for the development fee funds:
•Identification of the purpose to which the fee is to be put
•Demonstration of a reasonable relationship between the fee and the purpose for which
it is charged
•Identification of all sources and amounts of funding anticipated to complete financing
on incomplete improvements
Dec. 14, 2021 Item #1 Page 2 of 19
• The approximate dates on which the funding referred to above is expected to be
deposited into the appropriate account or fund
When findings are required by this section, they need to be made in connection with the public
information required by Section 66006. The information to support the required findings can be
found in the city’s fiscal year 2021-22 Capital Improvement Program. The attached resolution
includes the required findings, and if adopted, the city will have complied with Section 66001.
This report, including the information required by the above code sections, was compiled from
data derived from the audited city financial records. These audited figures are also available in
the city’s fiscal year 2020-21 Annual Comprehensive Financial Report.
Fiscal Analysis
None.
Next Steps
Staff will file the approved Annual Financial Information Report on Capital Project Funds and
Special Taxes for fiscal year ended June 30, 2021, in accordance with state law
Environmental Evaluation
This action does not constitute a “project” within the meaning of CEQA under California Public
Resources Code Section 21065 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.
Public Notification
This item was noticed in keeping with the Ralph M. Brown Act and it was available for public
viewing and review at least 72 hours before the scheduled meeting date.
Exhibits
1. City Council resolution
Dec. 14, 2021 Item #1 Page 3 of 19
RESOLUTION NO. 2021-275
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
Exhibit 1
WHEREAS, the City Council ofthe 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 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 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 information to support the findings required by these code sections and
contained in this resolution can be found in the fiscal year 2021-22 Capital Improvement
Program, as adopted by the City Council on June 8, 2021, and the fiscal year 2020-21 Annual
Comprehensive Financial Report.
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 annual Financial Information Report on Capital Project Funds and Special
Taxes (Attachment A) is accepted.
3. That the following findings are made as required under California Government
Dec. 14, 2021 Item #1 Page 4 of 19
Bridge And Thoroughfare District #2BEGINNINGENDING BALANCE OF CURRENTFY 2021‐22 ANDESTIMATEDBALANCE FEES INTERESTMISC. CAPITALREFUNDED BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2020COLLECTED EARNED REVENUES EXPENDITURES FEES 6/30/2021AT 06/30/2021APPROPRIATIONS DATE PAID BY FEEProjects:Poinsettia Lane ‐ Reaches A,B,C,F,G & Aviara Parkway Reimbursement‐$ 1,168,833$ 2032‐36 100%Poinsettia Lane ‐ Reach E Cassia Road To Skimmer Court13,499,117 ‐ In Progress 100%12,146,317$ ‐$ 22,020$ ‐$ ‐$ ‐$ 12,168,337$ 13,499,117$ 1,168,833$ Total:14,667,950$ Loans: NoneFee:Fee perLFMP ZoneAverage Daily Trip5 391$ 20 2,028 21 1,637 LFMP ‐ Local Facilities Management PlanFor the year ended June 30, 2021Capital Funds Subject to Gov. Code SEC. 66006Financial Information ReportAttachment A
Dec. 14, 2021Item #1 Page 6 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006Bridge And Thoroughfare District (BTD) #3BEGINNINGENDING BALANCE OF CURRENT FY 2021‐22 AND ESTIMATEDBALANCE FEES INTEREST MISC. CAPITAL OTHER BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2020 COLLECTED EARNED REVENUES EXPENDITURES EXPENDITURES 6/30/2021 AT 06/30/2021 APPROPRIATIONS DATE PAID BY FEEProjects:BTD #3 Reconciliation and Closeout‐$ (524,239)$ In Progress 100%523,290$ ‐$ 949$ ‐$ ‐$ ‐$ 524,239$ ‐$ (524,239)$ Total:(524,239)$ Loans: NoneFor the year ended June 30, 2021Dec. 14, 2021Item #1 Page 7 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021Community Facilities District (CFD) #1BEGINNINGENDING BALANCE OF CURRENTFY 2021‐22 AND ESTIMATED PERCENTAGEBALANCE TAXES FEES INTEREST OTHER CAPITAL OTHER BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PAID BY 7/1/2020 COLLECTED COLLECTED EARNED REVENUE (1) EXPENDITURES EXPENDITURES 6/30/2021 AT 06/30/2021 APPROPRIATIONS DATE TAX/FEEDescriptionOrion Center27,048$ 29,034,160$ 721,890$ In Progress 72%City Hall10,531 706,264 50,000,000 2027‐31 100%Cole Library Expansion‐ 5,988,000 2032‐36 32%Veteran's Memorial Park438,806 852,338 25,710,000 In Progress 100%Administration Costs105,794 ‐ 440,000 N/A100%CFD Taxes1,424,880 BTD Fees2,186 Traffic Impact FeesPublic Facilities Fees510,184 95,005,681$ 1,424,880$ 512,370$ 190,109$ 159,120$ 476,385$ 105,794$ 96,709,981$ 30,592,761$ 82,859,890$ Total:113,452,651$ Loans: None(1) Consists of rental income received on city owned property and district annexation fees.BTD Fees:VariousTraffic Impact Fee:3,380$ per unit ‐ residential‐single family 2,704 per unit ‐ residential‐condominium2,028 per unit ‐ residential‐ apartment134 per trip ‐ commercial/industrialPublic Facilities Fee: 1.82% of building permit valuationCFD#1 Tax Rates:VariousDec. 14, 2021Item #1 Page 8 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021Park In Lieu FeesBEGINNINGENDING BALANCE OF CURRENT FY 2021‐22 AND ESTIMATEDBALANCE FEES INTEREST OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2020 COLLECTED EARNED REVENUE EXPENDITURES 6/30/2021 AT 06/30/2021 APPROPRIATIONS DATE PAID BY FEEProjects:Robertson Ranch Park Development ‐ Northeast Quadrant‐$ 200,000$ 2,650,000$ 2023‐24 18%Pine Avenue Park ‐Community Facility And Garden Areas ‐ Nw Quadrant‐ 792 ‐ Complete 18%Leo Carrillo Park ‐ Phase Iii ‐ Southeast Quadrant‐ 4,111 ‐ Complete 45%Aviara Reimbursement Agreement ‐ Southwest Quadrant‐ 219,100 ‐ Complete 100%Aviara Community Park Gathering Space And Picnic Areas ‐ Southwest Quadrant‐ 462 ‐ Complete 82%Aviara Community Park ‐ Phase 21,118 2,355 ‐ Complete 82%2,515,402$ 1,172,305$ 31,295$ ‐$ 1,118$ 3,717,883$ 424,465$ 2,650,000$ Total:3,074,465$ 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.Reimbursement Agreements:A $332,500 reimbursement agreement from the Public Facilities Fee Fund in 1989 for repayment for any park development fees in SW quadrant.Repayment based on build out in zone, to date $113,400 has been paid.Fee: $3,696 to $5,728 per dwelling unit (NE, SW, and SE quadrants)$4,934 to $7,649 per dwelling unit (NW quadrant)Dec. 14, 2021Item #1 Page 9 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021Industrial Corridor Fees (Zones 5, 13 And 16‐18)BEGINNINGENDING BALANCE OF CURRENT FY 2021‐22 AND ESTIMATEDBALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2020 COLLECTED EARNED EXPENDITURES 6/30/2021AT 06/30/2021 APPROPRIATIONS DATE PAID BY FEEProjects:Business Park Recreational Facility‐$ 4,760,000$ 2032‐36 42%4,701,354$ 68,425$ 9,757$ ‐$ 4,779,536$ ‐$ 4,760,000$ Total:4,760,000$ Loans: NoneFee: $0.40 per square foot on new industrial & commercial constructionSee page 244 of FY2021‐22 budget, future appropriations exclude $6.6M in underfunded portion of project. This is a park located across from Faraday building, referred to as "zone 5 park"Dec. 14, 2021Item #1 Page 10 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021 Planned Local Drainage FeesBEGINNINGENDING BALANCE OF CURRENT FY 2021‐22 ESTIMATEDBALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS AND FUTURE CONSTRUCTION PERCENTAGE7/1/2020 COLLECTED EARNED EXPENDITURES 6/30/2021 AT 06/30/2021 APPROPRIATIONS DATE PAID BY FEEProjects:Pld Area A ‐ Drainage Master Plan Facility AAA (Jefferson Street)‐$ ‐$ 289,534$ 2032‐36 100%Pld Area A ‐ Drainage Master Plan Facility AAAA (Madison Street)‐ ‐ 416,500 2031‐35 100%Pld Area A ‐ Drainage Master Plan Facility AC (Highland Drive)‐ ‐ 921,408 2031‐35 100%Pld Area A ‐ Drainage Master Plan Facility AFA (Hidden Valley Drainage Restoration)‐ ‐ 91,608 2031‐35 100%Pld Area A ‐ Drainage Master Plan Facility AFB (Calavera Hills Drainage Restoration)‐ ‐ 163,164 2031‐35 100%Pld Area B ‐ Drainage Master Plan Facility B + BN (Agua Hedionda And Calavera Creek)12,322 11,807 ‐ In Progress 100%Pld Area B ‐ Drainage Master Plan Facility BL‐L (College Boulevard Bridge Reimbursement)‐ ‐ 1,816,101 2027‐31 100%Pld Area B ‐ Drainage Master Plan Facility BJ (College Boulevard Reach A and Cannon Road Reach 4A)‐ ‐ ‐ 2031‐35 100%Pld Area B ‐ Drainage Master Plan Facility BFB‐L + BF‐1 (Tamarack And El Camino Real)‐ ‐ 904,329 2031‐35 100%Pld Area B ‐ Drainage Master Plan Facility BB 1 and 2 (Washington Street)‐ ‐ 1,086,065 2031‐35 100%Pld Area B ‐ Drainage Master Plan Facility BCB (Magnolia Avenue)‐ ‐ 468,096 2031‐35 100%Pld Area B ‐ Drainage Master Plan Facility BFA (Country Store)1,241,649 ‐ ‐ In Progress 100%Pld Area B ‐ Drainage Master Plan Facility BFB‐U (El Camino Real)25,006 737,731 ‐ Complete 100%Pld Area B ‐ Drainage Master Plan Facility BL‐U (College Blvd.)‐ ‐ 384,509 2031‐35 100%Pld Area B ‐ Drainage Master Plan Facility BM (Cantarini/College Blvd. Box Culvert)‐ ‐ 204,077 2031‐35 100%Pld Area B ‐ Drainage Master Plan Facility BQ (Sunny Creek)‐ ‐ 131,355 2031‐35 100%Pld Area B ‐ Drainage Master Plan Facility BR (Canatarini/College Blvd. Pipe Drainage)‐ ‐ 180,773 2031‐35 100%Pld Area C ‐ Drainage Master Plan Facility C2 (Paseo Del Norte)‐ ‐ 727,730 2031‐35 100%Pld Area C ‐ Drainage Master Plan Facility CA (Avenida Encinas)‐ ‐ 529,402 2031‐35 100%Pld Area D ‐ Drainage Master Plan Facility DBA (Poinsettia Village)‐ ‐ 167,215 2031‐35100%Pld Area D ‐ Drainage Master Plan Facility DBB (Avenida Encinas)‐ ‐ 429,108 2031‐35 100%Pld Area D ‐ Drainage Master Plan Facility DFA (Batiquitos Lagoon Stormwater Treatment)‐ ‐ 256,423 2031‐35 100%Pld Area D ‐ Drainage Master Plan Facility DH (Altiva Place Canyon Restoration)‐ ‐ 232,812 2031‐35 100%Pld Area D ‐ Drainage Master Plan Facility DQB (La Costa Town Square Center)‐ ‐ 745,842 2031‐35 100%Pld Area D ‐ Drainage Master Plan Facility DZ (Poinsettia Lane)‐ ‐ 642,063 2031‐35 100%Drainage Master Plan Update290,918 15,107 ‐ In Progress 100%5,589,252$ 669,774$ (776)$ 1,569,895$ 4,688,355$ 764,645$ 10,788,114$ Total:11,552,759$ Loans: NoneFee Per Gross Acre:Low RunoffMedium Runoff High Runoff Area A ‐ Buena Vista Lagoon6,897$ 13,715$ 29,887$ Area B ‐ Agua Hedionda Lagoon2,578 4,969 11,170 Area C ‐ Encinas Creek2,502 3,540 10,845 Area D ‐ Batiquitos Lagoon2,373 3,882 10,283 Dec. 14, 2021Item #1 Page 11 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021Traffic Impact FeesBEGINNINGENDING BALANCE OF CURRENTFY 2021‐22 ANDESTIMATEDBALANCE FEES INTERESTCAPITALBALANCEAPPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2020COLLECTED EARNED EXPENDITURES 6/30/2021AT 06/30/2021APPROPRIATIONS DATE PAID BY FEEProjects:Avenida Encinas Widening ‐ South Of Palomar Airport Road‐$ ‐$ 5,177,000$ 2021‐22 74%Carlsbad Blvd. Realignment / Palomar Airport Road (Segment 2) ‐ ‐ 4,613,000 2032‐36 25%Carlsbad Boulevard Widening Mountain View To Northerly City Limits ‐ ‐ 2,258,000 2032‐36 25%Carlsbad Village Drive Widening ‐ Pontiac Dr. To Victoria Ave.‐ ‐ 3,102,000 2032‐36 100%El Camino Real And Cannon Road Intersection Improvements592,327 53,195 ‐ In Progress 81%El Camino Real And Carlsbad Village Drive Dual Left Turns‐ ‐ 1,132,000 2027‐31 100%El Camino Real Right Turn Lane To East Bound Alga Road ‐ ‐ 438,000 2027‐31 100%El Camino Real Widening ‐ Arenal Road to La Costa Avenue215,725 1,770,409 2,550,000 2022‐23 100%Melrose Drive and Alga Road Dual Left Turn Lanes (RTCIP)‐ ‐ 1,237,000 2032‐36 100%Melrose Drive Right Turn Lane To West Bound Palomar Airport Road27,624 563,671 200,000 In Progress 100%Palomar Airport Rd. And College Blvd. Intersection Improvement109,212 477,321 300,000 In Progress 100%Palomar Airport Road/El Fuerte Street Right Turn Lane‐ ‐ 1,198,000 2027‐31 100%Poinsettia Lane Widening ‐ Paseo Del Norte To Batiquitos Dr.‐ ‐ 1,039,000 2032‐36 100%Sidewalk/Street Construction ‐ Valley St. And Magnolia Ave.21,888 3,109,627 ‐ In Progress 74%Sidewalk/Street Construction ‐ Various Locations58,028 2,812,634 1,100,000 Ongoing 58%Terramar Area Coastal Improvements61,142 5,115,937 ‐ In Progress 60%Traffic Impact Fee Update‐ 188,783 40,000 In Progress 100%Traffic Monitoring Program110,880 137,017 672,000 Ongoing 100%22,042,899$ 1,037,497$ 46,684$ 1,196,826$ 21,930,254$ 14,228,593$ 25,056,000$ Total: 39,284,593$ 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. Current balance is $1,525,948Fees: $3,970 per unit ‐ residential‐single family 3,176 per unit ‐ residential‐condominium2,382 per unit ‐ residential‐apartment156 per trip ‐ commercial/industrial Dec. 14, 2021Item #1 Page 12 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021Public Facilities FeesBEGINNINGENDING BALANCE OF CURRENT FY 2021‐22 AND ESTIMATEDBALANCE FEES INTEREST OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2020 COLLECTED EARNED REVENUE (1) EXPENDITURES 6/30/2021 AT 06/30/2021 APPROPRIATIONS DATE PAID BY FEEProjects:Aviara Community Park Improvements8,894$ 263,919$ ‐$ Complete 18%El Camino Real Medians‐ ‐ ‐ TBD43%Leo Carrillo Park ‐ Phase 3‐ 48,985 ‐ Complete 55%Leo Carrillo Park ‐ Phase 3 Art‐ 29,367 ‐ Complete 55%Cole Library Expansion‐ ‐ 11,936,000 2032‐3663%Pine Avenue Park ‐Community Facility And Garden Areas3,289 687,624 ‐ Complete 82%Poinsettia Community Park Improvements28,714 33,636 ‐ Complete 100%Poinsettia Community Park ‐ Phase 4 ‐ Dog Park37,933 1,752,296 731,000 In Progress 100%Robertson Ranch Park Development (Partial Funding)‐ ‐ 12,592,000 2023‐2482%Terramar Area Coastal Improvements‐ ‐ 2,450,000 2021‐2222%Village H South Off Leash Dog Area And Trail Segment 5B86,017 222,213 939,800 2022‐23 100%Future Projects‐ 4,982,059 TBD100%35,082,268$ 1,557,155$ 76,442$ 117,881$ 164,847$ 36,668,898$ 3,038,039$ 33,630,859$ Total:36,668,898$ (1) Consists of rental income received on city owned property.Loans: NoneFee: 3.50% of building permit value Dec. 14, 2021Item #1 Page 13 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021Parking In Lieu Fee‐Village AreaBEGINNINGENDING BALANCE OF CURRENT FY 2021‐22 AND ESTIMATEDBALANCE FEES INTERESTBALANCEAPPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2020 COLLECTED EARNED EXPENDITURES 6/30/2021AT 06/30/2021 APPROPRIATIONS DATE PAID BY FEEProjects:Downtown Parking Lot Lease Payments (1)48,244$ ‐$ 1,200,349$ N/A100%1,201,155$ 44,960$ 2,478$ 48,244$ 1,200,349$ ‐$ 1,200,349$ Total:1,200,349$ (1) The city currently leases parking lot areas from North County Transit District on an ongoing basis for village area parking.Loans: NoneFee: $11,240 per parking space Dec. 14, 2021Item #1 Page 14 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021Major Facilities Fee Funds (Potable/Recycled Water)BEGINNINGENDING BALANCE OF CURRENT FY 2021‐22 AND ESTIMATEDBALANCE FEESCAPITAL BALANCEAPPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2020 COLLECTED INTEREST EXPENDITURES 6/30/2021AT 06/30/2021 APPROPRIATIONS DATE PAID BY FEEProjects:College Boulevard ‐ Cannon To Badger (375 Zone)‐$ 1,059,817$ 35,000$ 2022‐23 100%College Boulevard ‐ Cannon To Badger (490 Zone)‐ 1,090,000 370,000 2022‐23 100%Desalinated Water Flow Control Facility No. 51,116 1,057,865 7,950,000 2021‐22 100%Poinsettia Lane ‐ Cassia To Skimmer‐ 595,066 ‐ In Progress 100%Rancho Carlsbad Groundwater Supply‐ ‐ 1,750,000 2027‐31 50%San Luis Rey Mission Basin Groundwater Supply‐ 77,500 8,500,000 In Progress 50%Water Modeling16,391 262,121 125,000 2024‐25 100%Hydroelectric Generation at Water Facilities‐ 200,000 2,075,000 2022‐23 100%Future Projects11,557,208 36,008,851$ 639,364$ 73,870$ 17,507$ 36,704,578$ 4,342,369$ 32,362,208$ Total36,704,578$ 0$ Loans: NoneFee: $4,455 (5/8" Meter Size). Fees vary depending on meter size.Dec. 14, 2021Item #1 Page 15 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021Habitat Mitigation FeeBEGINNINGENDING BALANCE OF ESTIMATEDBALANCE FEES INTERESTBALANCELOANCONSTRUCTION PERCENTAGE7/1/2020 COLLECTED EARNED EXPENDITURES 6/30/2021AT 06/30/2021DATE PAID BY FEEProjects:Payment Made On General Fund Loan16,962$ 1,253,825$ N/A100%(1,253,470)$ 16,963$ (350)$ 16,962$ (1,253,820)$ 1,253,825$ Total:Loans:Received cash advances of a $759,028 and $1,104,114 from the General Fund for the purchase of habitat land in 2011 and 2020, respectively. Repayment is scheduled as sufficient cash becomes available. Interest is charged annually on this loan at a rate equal to the average treasurer’s portfolio rate dur Current loan balance including accrued interest is $1,253,825Fee: 35,577$ per impacted acre ‐ coastal sage scrub17,790 per impacted acre ‐ non‐native grassland3,558 per impacted acre ‐ agricultural land, disturbed land, eucalyptus woodDec. 14, 2021Item #1 Page 16 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021Agricultural Mitigation FeeBEGINNINGENDING BALANCE OF CURRENT FY 2021‐22 AND ESTIMATEDBALANCE FEES INTERESTBALANCEAPPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2020 COLLECTED EARNED EXPENDITURES 6/30/2021AT 06/30/2021 APPROPRIATIONS DATE PAID BY FEEProjects:Community Grants And Contributions‐$ 66,818$ ‐$ N/A100%Future Projects958,805 TBD100%1,019,025$ 4,696$ 1,902$ ‐$ 1,025,623$ 66,818$ 958,805$ Total:1,025,623$ Loans: NoneFee: $10,000 per acre Dec. 14, 2021Item #1 Page 17 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021Sewer Benefit Area Funds (516/517)BEGINNINGENDING BALANCE OF CURRENT FY 2021‐22 AND ESTIMATEDBALANCE FEESCAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2020 COLLECTED INTEREST EXPENDITURES EXPENDITURES 6/30/2021 AT 06/30/2021 APPROPRIATIONS DATE PAID BY FEEProjects:Aviara Land Associates Reimbursement Agreement (J,L)35,098$ ‐$ ‐$ TBD100%Future Projects (1)‐ 7,195,239 TBDTBD6,461,338$ 746,070$ 22,929$ ‐$ 35,098$ 7,195,239$ ‐$ 7,195,239$ Total:7,195,239$ (1) The city is able to use the funds for similar capital projects in the same area as the SBA where the funds were collected.Loans: NoneFees: 2,568$ Area C2,573$ Area D3,795$ Area E3,815$ Area F1,119$ Area H82$ Area MDec. 14, 2021Item #1 Page 18 of 19
Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2021Wastewater Connection Fee FundBEGINNINGENDING BALANCE OF CURRENT FY 2021‐22 AND ESTIMATEDBALANCE FEESOTHER CAPITAL BALANCEAPPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2020 COLLECTED INTEREST REVENUE (1) EXPENDITURES 6/30/2021AT 06/30/2021 APPROPRIATIONS DATE PAID BY FEEProjects:Buena Interceptor Sewer/Manhole Rehabilitation‐$ 550,000$ ‐$ In Progress 11%Faraday/El Camino Real Sewer Replacement‐ 118,475 1,200,000 2022‐23 100%Las Palmas Trunk Sewer‐ 556,000 2,907,000 2022‐23 100%Sewer Modeling‐ 255,089 ‐ In Progress 100%Sewer Capacity Monitoring Program13,899 351,832 308,000 In Progress 100%Vista Carlsbad Interceptor ‐ Buena Vista Lift Station Improvements‐ 1,054,265 3,150,000 2032‐3610%El Fuerte Lift Station Pump Addition‐ 780,000 2022‐23 100%Vista/Carlsbad Interceptor ‐ Agua Hedionda Lift Station/Forcemain (Vc12‐Vc13) (2)‐ 1,271,074 ‐ In Progress 31%Vista/Carlsbad Trunk Line Interceptor (Reach 11B) (2)555,512 15,146 ‐ In Progress 31%Vista/Carlsbad Trunk Line Interceptor (Reach 13‐15) (2)73,281 135,367 ‐ In Progress 44%Vista/Carlsbad Trunk Line Interceptor (Reach 3) (2)263,377 597,000 2,092,000 2023‐24 10%5,235,519$ 346,766$ (14,717)$ 95,698$ 906,070$ 4,757,197$ 4,904,248$ 10,437,000$ Total:15,341,248$ Loans: Received a $4,700,000 loan from the Wastewater Replacement Fund. Repayment is scheduled for 2025‐2034. 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%.Fee: $998 ‐ General Capacity Fee for all AreasDec. 14, 2021Item #1 Page 19 of 19