HomeMy WebLinkAbout2022-12-13; Municipal Water District; Resolution 1691RESOLUTION 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
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)
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$ 2024‐25 100%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
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