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Home My WebLink About2022-12-13; City Council; ; Annual Financial Information Report on Capital Project Funds and Special TaxesCA/GC Review CKM Meeting Date Dec. 13, 2022 To: Mayor and City Council/President and Board of Directors From: Scott Chadwick, City Manager/Executive Manager Staff Contact: Kim Riboni, Senior Accountant kim.riboni@carlsbadca.gov, 442-339-5737 Subject: Annual Financial Information Report on Capital Project Funds and Special Taxes District: All Recommended Action 1. Adopt a resolution of the City Council of the City of Carlsbad accepting the Annual Financial Information Report on Capital Project Funds and Special Taxes in accordance with California Government Code Sections 50075.3, 66001 and 66006. 2. Adopt a resolution of the Board of Directors of the Carlsbad Municipal Water District accepting the Annual Financial Information Report on Capital Project Funds and Special Taxes in accordance with California Government Code Sections 50075.3, 66001 and 66006. Executive Summary California Government Code sections 50075.3, 66001, and 66006 require a local agency to report the status of certain fees and special taxes each year. Sections 66001 and 66006 further require the governing body of the local agency to periodically make findings regarding any fee established, increased, or imposed after Jan. 1, 1989. The findings are included in the resolutions in Exhibits 1 and 2 and the reports are included in Attachment A to the resolutions. Discussion The disclosure requirements set forth in California Government Code Article 3.5 - Voter- Approved Special Taxes, Sections 50075 – 50077.5, are intended 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 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 Dec. 13, 2022 Item #4 Page 1 of 22 JOINT CI TY c,o u NCIL AND CARLSBAID ,MUNICI PA l WATER DISTRI CT Staff Report 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 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 The report required by Section 50075.3 can be found in Attachment A to the resolution in Exhibit 1. Government Code Section 66006 requires a local agency to also 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 report is required to include: •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 •The identification and amount of each public improvement on which fees were expended •The total percentage of the project funded by the fee •The approximate date by which the construction of the public improvement will begin •A description of each interfund 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 local agency is required to make the report available to the public at least 15 days before a scheduled public meeting. The report was made available on the city website on the Finance Department’s Financial Reports page.1 The reports in Attachment A to Exhibits 1 and 2 provide 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, though there are no refunds due at issuance of this report. Funds being reviewed for eligible refunds include the city’s sewer benefit areas and Bridge and Thoroughfare District No. 3. Any potential refunds will be included in future reports. More information on these funds, and all other capital funds, are available in the fiscal year 2022-23 Capital Improvement Program and will be included in the fiscal year 2021-22 Annual Comprehensive Financial Report, which is likely to be issued before the end of the calendar year. 1 This report was posted at carlsbadca.gov/departments/finance/financial-reports, under the Development Impact Fee Annual Report heading. Dec. 13, 2022 Item #4 Page 2 of 22 In addition to the required annual reporting under Section 66006, Section 66001 requires a local agency 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 • 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, the local agency is also required to provide the information to the public, in accordance with Section 66006. The information to support the required findings can be found in the fiscal year 2022-23 Capital Improvement Program (Exhibit 3). The resolutions in Exhibits 1 and 2 includes the required findings, and if adopted, the city and the Carlsbad Municipal Water District will have complied with Section 66001. The reports in Attachment A to Exhibits 1 and 2, including the information required by the above code sections, was compiled from data derived from audited financial records. These audited figures will also be available in the fiscal year 2021-22 Annual Comprehensive Financial Report, which is likely to be issued before the end of the calendar year. Fiscal Analysis This item has no fiscal impact. Next Steps Staff will file the approved Annual Financial Information Report on Capital Project Funds and Special Taxes for fiscal year ended June 30, 2022, in accordance with state law. Environmental Evaluation This action does not constitute a “project” within the meaning of the California Environmental Quality Act 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 2. Carlsbad Municipal Water District Board of Directors resolution 3. 2022-23 Capital Improvement Program (on file in the Office of the City Clerk) Dec. 13, 2022 Item #4 Page 3 of 22 RESOLUTION NO. 2022-280 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 50075.3, 66001 AND 66006 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 50075.3; 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 development projects pursuant to California Government Code Section 66006; and WHEREAS, the information to make the required findings can be found in the fiscal year 2022-23 Capital Improvement Program as adopted by the City Council on June 14, 2022. 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 for each developer fee identified in Attachment A these findings are made as required under California Government Code Sections 66001: a.That the purposes to which the developer fee is to be put have 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. Exhibit 1 Dec. 13, 2022 Item #4 Page 4 of 22 4.That these findings are based on information contained in the fiscal year 2022-23 Capital Improvement Program, which is incorporated by reference. 5.That the report in Attachment A was compiled from data derived from audited financial records. 6.That the audited figures will also be available in the fiscal year 2021-22 Annual Comprehensive Financial Report, which is likely to be issued before the end of the calendar year. PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of Carlsbad on the 13th day of December, 2022, by the following vote, to wit: AYES: NAYS: ABSENT: Hall, Blackburn, Bhat-Patel, Acosta, Norby. None. None. MATT HALL, Mayor fjMv �"FAVIOLA MEDINA, City Clerk Services Manager 1--{SEAL) Dec. 13, 2022 Item #4 Page 5 of 22 Bridge And Thoroughfare District #2BEGINNINGENDING BALANCE OF CURRENT FY 2022‐23 AND ESTIMATEDBALANCE FEES INTEREST MISC. CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED EARNED REVENUES EXPENDITURES 6/30/2022 AT 06/30/2022 APPROPRIATIONS DATE PAID BY FEEProjects:Poinsettia Lane ‐ Reaches A,B,C,F,G & Aviara Parkway Reimbursement‐$ ‐$ 1,168,833$ 2033‐37 100%Poinsettia Lane ‐ Reach E Cassia Road To Skimmer Court13,059,041 440,076 ‐ In Progress 100%12,168,337$ ‐$ (497,154)$ ‐$ 13,059,041$ (1,387,858)$ 440,076$ 1,168,833$ Total:1,608,909$ Loans: NoneFee:Fee perLFMP ZoneAverage Daily Trip5421$ 202,182 211,761 LFMP ‐ Local Facilities Management PlanFor the year ended June 30, 2022Capital Funds Subject to Gov. Code SEC. 66006Financial Information ReportAttachment A Dec. 13, 2022 Item #4 Page 6 of 22..._____ ___ ____._____....._______.________.__________.__________.________.I ...___I_______._________.__________.________. Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006Bridge And Thoroughfare District (BTD) #3BEGINNINGENDING BALANCE OF CURRENT FY 2022‐23 AND ESTIMATEDBALANCE FEES INTEREST CAPITAL OTHER BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED EARNED EXPENDITURES EXPENDITURES 6/30/2022 AT 06/30/2022 APPROPRIATIONS DATE PAID BY FEEProjects:BTD #3 Reconciliation and Closeout‐$ ‐$ (502,820)$ In Progress 100%524,239$ ‐$ (21,419)$ ‐$ ‐$ 502,820$ ‐$ (502,820)$ Total:(502,820)$ Loans: NoneFor the year ended June 30, 2022Dec. 13, 2022 Item #4 Page 7 of 22 Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006 and 50075.3For the year ended June 30, 2022Community Facilities District (CFD) #1BEGINNINGENDING BALANCE OF CURRENTFY 2022‐23 AND ESTIMATED PERCENTAGEBALANCE TAXES FEES INTERESTOTHER CAPITAL OTHER BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PAID BY 7/1/2021 COLLECTED COLLECTED EARNED REVENUE (1) EXPENDITURES EXPENDITURES 6/30/2022 AT 06/30/2022 APPROPRIATIONS DATE TAX/FEEDescriptionOrion Center1,652$ 29,755,230$ ‐$ In Progress 72%City Hall47,017 706,264 50,000,000 2028‐32 100%Cole Library Expansion‐ 5,988,000 2033‐37 32%Veteran's Memorial Park493,353 1,580,434 27,145,450 2024‐25 100%Administration Costs41,296 ‐ 550,000 N/A100%CFD Taxes996,801 BTD Fees1,958 Traffic Impact FeesPublic Facilities Fees441,136 96,709,981$ 996,801$ 443,094$ (3,938,830)$ 163,894$ 542,022$ 41,296$ 93,791,621$ 32,041,928$ 83,683,450$ Total:115,725,378$ 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. 13, 2022 Item #4 Page 8 of 22..___________._________.__________.___________.__________._________,__________._________._________I ...____I______.________._________._______. Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2022Park In Lieu FeesBEGINNINGENDING BALANCE OF CURRENT FY 2022‐23 AND ESTIMATEDBALANCE FEES INTEREST OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED EARNED REVENUE EXPENDITURES 6/30/2022 AT 06/30/2022 APPROPRIATIONS DATE PAID BY FEEProjects:Aviara Community Park ‐ Phase 2‐$ ‐$ ‐$ Complete 88%Aviara Reimbursement Agreement‐ 219,100 ‐ Complete 100%Leo Carrillo Ranch Park Phase 3 ‐ Stables Restoration and Restroom Construction1,196 ‐ ‐ Complete 45%Leo Carrillo Ranch Park Phase 3B‐ ‐ 2,400,000 2026‐27 100%Monroe Street Pool Replacement‐ ‐ 3,061,764 2023‐24 54%Pine Avenue Park ‐ Phase II (Community Building)‐ 792 ‐ Complete 19%Robertson Ranch Park Development (Partial Funding)‐ 400,000 3,235,500 2024‐25 21%Stagecoach Community Park Community Gardens‐ ‐ 425,000 2023‐24 100%3,717,883$ 536,232$ (403,581)$ ‐$ 1,196$ 3,849,339$ 619,892$ 9,122,264$ Total:9,742,156$ 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 2033‐37. 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 $7,649 per dwelling unit (NW quadrant)Dec. 13, 2022 Item #4 Page 9 of 22 Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2022Traffic Impact FeesBEGINNINGENDING BALANCE OF CURRENTFY 2022‐23 AND ESTIMATEDBALANCE FEES INTERESTCAPITAL BALANCEAPPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED EARNED EXPENDITURES 6/30/2022AT 06/30/2022 APPROPRIATIONS DATE PAID BY FEEProjects:Avenida Encinas Widening ‐ South Of Palomar Airport Road239,689$ 1,060,357$ 3,177,000$ 2022‐23 63%Carlsbad Blvd. Realignment / Palomar Airport Road (Segment 2) ‐ ‐ 4,613,000 2033‐37 25%El Camino Real And Cannon Road Intersection Improvements1,589,047 20,313 ‐ In Progress 81%El Camino Real Right Turn Lane To East Bound Alga Road ‐ ‐ 438,000 2028‐32 100%El Camino Real Widening ‐ Arenal Road to La Costa Avenue593,268 1,804,424 6,010,000 2023‐24 100%Melrose Drive Right Turn Lane To West Bound Palomar Airport Road22,374 748,371 ‐ In Progress 100%Palomar Airport Rd. And College Blvd. Intersection Improvement29,482 741,820 ‐ In Progress 100%Sidewalk/Street Construction ‐ Valley St. And Magnolia Ave.3,792 3,075,155 1,000,000 2025‐26 78%Sidewalk/Street Construction ‐ Various Locations38,255 3,079,627 5,153,000 Ongoing 83%Terramar Area Coastal Improvements174,198 5,107,332 2,800,000 2024‐25 63%Traffic Impact Fee Update‐ 228,783 30,000 2022‐23 100%Traffic Monitoring Program115,977 64,853 122,516 2022‐23 100%21,930,254$ 473,931$ (873,000)$ 2,806,082$ 18,725,103$ 15,931,035$ 23,343,516$ Total:39,274,551$ 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: $4,050per unit ‐ residential‐single family 3,240 per unit ‐ residential‐condominium2,430 per unit ‐ residential‐apartment162 per trip ‐ commercial/industrial Dec. 13, 2022 Item #4 Page 10 of 22..._____ ___ ____._________._________.___________.__________._________.I ...___I_______._________._________.________. Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2022Industrial Corridor Fees (Zones 5, 13 And 16‐18)BEGINNINGENDING BALANCE OF CURRENT FY 2022‐23 AND ESTIMATEDBALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED EARNED EXPENDITURES 6/30/2022AT 06/30/2022 APPROPRIATIONS DATE PAID BY FEEProjects:Business Park Recreational Facility‐$ 5,065,200$ 2025‐26 43%4,779,536$ ‐$ (195,275)$ ‐$ 4,584,262$ ‐$ 5,065,200$ Total:5,065,200$ Loans: NoneFee: $0.40 per square foot on new industrial & commercial constructionDec. 13, 2022 Item #4 Page 11 of 22..._____ _ _____,_________,_________.________.________._________.I ...___I_..._______._____.........._____ Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2022 Planned Local Drainage FeesBEGINNINGENDING BALANCE OF CURRENT FY 2022‐23ESTIMATEDBALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS AND FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED EARNED EXPENDITURES 6/30/2022 AT 06/30/2022 APPROPRIATIONSDATEPAID BY FEEProjects:Pld Area A ‐ Drainage Master Plan Facility AAA (Jefferson Street)‐$ ‐$ 289,534$ 2033‐37 100%Pld Area A ‐ Drainage Master Plan Facility AAAA (Madison Street)‐ ‐ 416,500 2033‐37 100%Pld Area A ‐ Drainage Master Plan Facility AC (Highland Drive)‐ ‐ 921,408 2033‐37 100%Pld Area A ‐ Drainage Master Plan Facility AFA (Hidden Valley Drainage Restoration)‐ ‐ 91,608 2033‐37 100%Pld Area A ‐ Drainage Master Plan Facility AFB (Calavera Hills Drainage Restoration)‐ ‐ 163,164 2033‐37 100%Pld Area B ‐ Drainage Master Plan Facility B + BN (Agua Hedionda And Calavera Creek)‐ ‐ ‐ Complete 100%Pld Area B ‐ Drainage Master Plan Facility BL‐L (College Boulevard Bridge Reimbursement)‐ ‐ 1,816,101 2028‐32 100%Pld Area B ‐ Drainage Master Plan Facility BFB‐L + BF‐1 (Tamarack And El Camino Real)‐ ‐ 904,329 2033‐37 100%Pld Area B ‐ Drainage Master Plan Facility BB 1 and 2 (Washington Street)‐ ‐ 1,086,065 2033‐37 100%Pld Area B ‐ Drainage Master Plan Facility BCB (Magnolia Avenue)‐ ‐ 468,096 2033‐37100%Pld Area B ‐ Drainage Master Plan Facility BFA (Country Store)‐ ‐ ‐ In Progress100%Pld Area B ‐ Drainage Master Plan Facility BFB‐U (El Camino Real)2,179 ‐ ‐ Complete100%Pld Area B ‐ Drainage Master Plan Facility BL‐U (College Blvd.)‐ ‐ 384,509 2033‐37100%Pld Area B ‐ Drainage Master Plan Facility BM (Cantarini/College Blvd. Box Culvert)‐ ‐ 204,077 2033‐37 100%Pld Area B ‐ Drainage Master Plan Facility BQ (Sunny Creek)‐ ‐ 131,355 2033‐37 100%Pld Area B ‐ Drainage Master Plan Facility BR (Canatarini/College Blvd. Pipe Drainage)‐ ‐ 180,773 2033‐37 100%Pld Area C ‐ Drainage Master Plan Facility C2 (Paseo Del Norte)‐ ‐ 727,730 2033‐37 100%Pld Area C ‐ Drainage Master Plan Facility CA (Avenida Encinas)‐ ‐ 529,402 2033‐37 100%Pld Area D ‐ Drainage Master Plan Facility DBA (Poinsettia Village)‐ ‐ 167,215 2033‐37100%Pld Area D ‐ Drainage Master Plan Facility DBB (Avenida Encinas)‐ ‐ 429,108 2033‐37100%Pld Area D ‐ Drainage Master Plan Facility DFA (Batiquitos Lagoon Stormwater Treatment)‐ ‐ 256,423 2033‐37 100%Pld Area D ‐ Drainage Master Plan Facility DH (Altiva Place Canyon Restoration)‐ ‐ 232,812 2033‐37 100%Pld Area D ‐ Drainage Master Plan Facility DQB (La Costa Town Square Center)‐ ‐ 745,842 2033‐37 100%Pld Area D ‐ Drainage Master Plan Facility DZ (Poinsettia Lane)‐ ‐ 642,063 2033‐37100%Drainage Master Plan Update1,149 38,958 ‐ In Progress100%Drainage Master Plan Update75,071 15,033 ‐ In Progress100%DMP Facility BFB‐U (El Camino Real)2,913 37,957 ‐ In Progress100%12,358 40,412 ‐ In Progress100%4,688,355$ 180,350$ (195,261)$ 93,671$ 4,579,773$ 132,359$ 10,788,114$ Total:10,920,473$ Loans: NoneFee Per Gross Acre:Low RunoffMedium RunoffHigh Runoff Area A ‐ Buena Vista Lagoon 7,421$ 14,757$ 32,158$ Area B ‐ Agua Hedionda Lagoon 2,774 5,347 12,019 Area C ‐ Encinas Creek 2,692 3,809 11,669 Area D ‐ Batiquitos Lagoon2,553 4,177 11,065 Dec. 13, 2022 Item #4 Page 12 of 22 Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2022Public Facilities FeesBEGINNINGENDING BALANCE OF CURRENTFY 2022‐23 AND ESTIMATEDBALANCE FEES INTERESTOTHER CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED EARNED REVENUE (1) EXPENDITURES 6/30/2022 AT 06/30/2022 APPROPRIATIONS DATE PAID BY FEEProjects:Aviara Community Park ‐ Phase 234,274$ 229,645$ (229,645)$ Complete12%El Camino Real Medians‐ ‐ ‐ TBD43%Leo Carrillo Ranch Park Phase 3‐ 48,985 ‐ Complete55%Leo Carrillo Park ‐ Phase 3 Art‐ 6,041 (6,041) Complete55%Cole Library Expansion‐ ‐ 11,936,000 2033‐3763%Pine Avenue Park ‐ Phase II (Community Building)31,409 656,215 (656,215) Complete81%Poinsettia Community Park ‐ Phase 327,156 ‐ ‐ Complete 100%Poinsettia Community Park ‐ Phase 4 ‐ Dog Park2,361,629 98,545 ‐ Complete 100%Robertson Ranch Park Development (Partial Funding)‐ ‐ 13,473,440 TBD79%Terramar Area Coastal Improvements7,658 2,442,342 ‐ In progress 16%Temporary Fire Station No. 7‐ 2022‐2367%Village H South Off Leash Dog Area And Trail Segment 5B156,386 192,167 1,481,201 2023‐24100%Kelly Drive and Park Drive Complete Street Improvements412 1,084,588 ‐ In progress18%State Street Parking Lot Electric Vehicle Charging Stations16,318 281,500 ‐ In progress 100%Future Projects‐ ‐ 2,527,474 TBD100%36,668,898$ 571,789$ (1,196,093)$ 67,881$ 2,635,240$ 33,477,235$ 5,040,028$ 28,526,214$ Total:33,566,242$ (1) Consists of rental income received on city owned property.Loans: NoneFee: 3.50% of building permit value Dec. 13, 2022 Item #4 Page 13 of 22.._____ __ _______.___________.__________.__________.__________.__________.________,I ..____I_______.________._...._________. Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2022Parking In Lieu Fee‐Village AreaBEGINNINGENDING BALANCE OF CURRENT FY 2022‐23 AND ESTIMATEDBALANCE FEES INTERESTBALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED EARNED EXPENDITURES 6/30/2022 AT 06/30/2022 APPROPRIATIONS DATE PAID BY FEEProjects:Downtown Parking Lot Lease Payments (1)49,674$ ‐$ 1,146,591$ N/A100%1,200,349$ 44,960$ (49,044)$ 49,674$ 1,146,591$ ‐$ 1,146,591$ Total:1,146,591$ (1) The city currently leases parking lot areas from North County Transit District on an ongoing basis for village area parking.Loans: NoneFee: $11,240 per parking space Dec. 13, 2022 Item #4 Page 14 of 22..._____ _ _______.__________._________,_________._____.........______I ...____I______.__......____.......________ Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2022Habitat Mitigation FeeBEGINNINGENDING BALANCE OF ESTIMATEDBALANCE FEES INTEREST BALANCE LOAN CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED EARNED EXPENDITURES 6/30/2022AT 06/30/2022DATE PAID BY FEEProjects:Payment Made On General Fund Loan14,535$ 1,203,163$ N/A100%(1,253,820)$ 64,552$ 648$ 14,535$ (1,203,155)$ 1,203,163$ 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 during the fiscal year. Current loan balance including accrued interest is $1,203,163Fee: 37,036$ per impacted acre ‐ coastal sage scrub18,519 per impacted acre ‐ non‐native grassland3,704 per impacted acre ‐ agricultural land, disturbed land, eucalyptus woodDec. 13, 2022 Item #4 Page 15 of 22.._____ _ _______._________.________._______,___________.________.I ..____I_.......___.......________ Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2022Agricultural Mitigation FeeBEGINNINGENDING BALANCE OF CURRENT FY 2022‐23 AND ESTIMATEDBALANCE FEES INTERESTBALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED EARNED EXPENDITURES 6/30/2022AT 06/30/2022 APPROPRIATIONS DATE PAID BY FEEProjects:Community Grants And Contributions‐$ 66,818$ ‐$ N/A100%Future Projects1,119,770 TBD100%1,025,623$ 210,100$ (49,136)$ ‐$ 1,186,588$ 66,818$ 1,119,770$ Total:1,186,588$ Loans: NoneFee: $10,000 per acre Dec. 13, 2022 Item #4 Page 16 of 22.._____ _ _______.__________.__________._________.___________._________.I I...__________.___________.__________._________. Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2022Sewer Benefit Area Funds (516/517)BEGINNINGENDING BALANCE OF CURRENT FY 2022‐23 AND ESTIMATEDBALANCE FEESCAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED INTEREST EXPENDITURES EXPENDITURES 6/30/2022AT 06/30/2022 APPROPRIATIONS DATE PAID BY FEEProjects:Future Projects (1)‐ 6,954,565 TBDTBD7,195,238$ 55,509$ (296,182)$ ‐$ ‐$ 6,954,565$ ‐$ 6,954,565$ Total:6,954,565$ (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: 2,763$ Area C2,769$ Area D4,083$ Area E4,105$ Area F1,204$ Area HDec. 13, 2022 Item #4 Page 17 of 22..._____ ___ ...._________._______._______._.._________.I ...____I______.__......____.........______ Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2022Wastewater Connection Fee FundBEGINNINGENDING BALANCE OF CURRENTFY 2022‐23 ANDESTIMATEDBALANCE FEES OTHER CAPITALBALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED INTERESTREVENUE (1) EXPENDITURES 6/30/2022AT 06/30/2022APPROPRIATIONS DATE PAID BY FEEProjects:Buena Interceptor Sewer/Manhole Rehabilitation6,318$ 543,682$ ‐$ In Progress 9%Faraday/El Camino Real Sewer Replacement21,401 111,489 1,600,000 2022‐23 100%Las Palmas Trunk Sewer‐ 556,000 2,907,000 2023‐24100%Sewer Modeling32,879 222,209 ‐ In Progress 100%Sewer Capacity Monitoring Program‐ 351,832 308,000 In Progress 100%Vista Carlsbad Interceptor ‐ Buena Vista Lift Station Improvements‐ 254,265 939,000 2024‐25 10%El Fuerte Lift Station Pump Addition‐ 180,000 650,000 2023‐24100%Vista/Carlsbad Interceptor ‐ Agua Hedionda Lift Station/Forcemain (Vc12‐Vc13) (2)573,283 1,207,565 ‐ In Progress 31%Vista/Carlsbad Trunk Line Interceptor (Reach 11B) (2)10,112 15,146 ‐ In Progress 31%Vista/Carlsbad Trunk Line Interceptor (Reach 13‐15) (2)51,918 102,868 ‐ In Progress 44%Vista/Carlsbad Trunk Line Interceptor (Reach 3) (2)‐ 597,000 (117,000) 2023‐2410%4,757,197$ 166,327$ (326,103)$ 84,506$ 695,912$ 3,986,015$ 4,142,056$ 6,287,000$ Total: 10,429,056$ 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: $1,074 ‐ General Capacity Fee for all AreasDec. 13, 2022 Item #4 Page 18 of 22 RESOLUTION NO. 1691 A RESOLUTION OF THE BOARD OF DIRECTORS OF CARLSBAD MUNICIPAL WATER DISTRICT OF THE CITY OF CARLSBAD, CALIFORNIA, ACCEPTING THE ANNUAL FINANCIAL INFORMATION REPORT ON CAPITAL PROJECT FUNDS PURSUANT TO CALIFORNIA GOVERNMENT CODE SECTIONS 66001 AND 66006 WHEREAS, the Board of Directors 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 Carlsbad Municipal Water District is required to annually report certain financial information related to capital funds established to track fees charged in connection with the approval of development projects pursuant to California Government Code Section 66006;and WHEREAS, the information to make the required findings can be found in the fiscal year 2022-23 Capital Improvement Program as adopted by the Board of Directors on June 14, 2022. NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the Carlsbad Municipal Water District 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 for each developer fee identified in Attachment A these findings are made as required under California Government Code Sections 66001: a.That the purposes to which the developer fee is to be put have 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. 4.That these findings are based on information contained in the fiscal year 2022-23 Exhibit 2 Dec. 13, 2022 Item #4 Page 19 of 22 Capital Improvement Program, which is incorporated by reference. 5.That the report in Attachment A was compiled from data derived from audited financial records. 6.That the audited figures will also be available in the fiscal year 2021-22 Annual Comprehensive Financial Report, which is likely to be issued before the end of the calendar year. PASSED, APPROVED AND ADOPTED at a Special Meeting of the Board of Directors of the Carlsbad Municipal Water District of the City of Carlsbad on the 13th day of December, 2022, by the following vote, to wit: AYES: NAYS: ABSENT: Hall, Blackburn, Bhat-Patel, Acosta, Norby. None. None. MATT HALL, President � ,fvFAVIOLA MEDINA, City Clerk Services Manager {SEAL) Dec. 13, 2022 Item #4 Page 20 of 22 Financial Information ReportCapital Funds Subject to Gov. Code SEC. 66006For the year ended June 30, 2022Major Facilities Fee Funds (Potable/Recycled Water)BEGINNINGENDING BALANCE OF CURRENT FY 2022‐23 AND ESTIMATEDBALANCEFEESCAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE7/1/2021 COLLECTED INTEREST EXPENDITURES 6/30/2022AT 06/30/2022 APPROPRIATIONS DATE PAID BY FEEProjects:College Boulevard ‐ Cannon To Badger (375 Zone)‐$ 250,000$ 1,028,200$ 2024‐25100%College Boulevard ‐ Cannon To Badger (490 Zone)‐ 300,000 1,262,600 2024‐25 100%Desalinated Water Flow Control Facility No. 522,971 9,006,749707,301 2022‐23 100%Poinsettia Lane ‐ Cassia To Skimmer387,672 595,066 ‐In Progress 100%San Luis Rey Mission Basin Groundwater Supply‐ 277,500 8,002,500 In Progress58%Water Modeling21,982 295,730 75,000 2024‐25 100%Hydroelectric Generation at Water Facilities‐ 400,000 1,453,000 2023‐24 100%Rancho Carlsbad Groundwater Supply‐ 200,000 1,550,000 2028‐32 50%Future Projects11,309,121 36,704,578$ 196,166$ (1,505,351)$ 432,625$ 34,962,767$ 11,325,045$ 25,387,722$ Total36,712,767$ Loans: NoneFee: $4,870.00 (5/8" Meter Size). Fees vary depending on meter size.Attachment A Dec. 13, 2022 Item #4 Page 21 of 22..____ _ _______._________._________._________.__________.________.I .____I______.________.________._______. Exhibit 3 2022-23 Capital Improvement Program (on file in the Office of the City Clerk) Dec. 13, 2022 Item #4 Page 22 of 22