HomeMy WebLinkAbout2023-12-12; Municipal Water District; Resolution 1721RESOLUTION NO. 1721
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
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
2023-24 Capital Improvement Program as adopted by the Board of Directors on June 13, 2023.
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 2023-24
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 2022-23 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 12th day of December, 2023, by the
following vote, to wit:
AYES:
NAYS:
ABSTAIN:
ABSENT:
Blackburn, Bhat-Patel, Acosta, Burkholder, Luna.
None.
None.
None.
KEITH BLACKBURN, President
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2023
Major Facilities Fee Funds (Potable/Recycled Water)
BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED
BALANCE FEES CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE
7/1/2022 COLLECTED INTEREST EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE
Projects:
College Boulevard - Cannon To Badger (375 Zone)-$ 278,200$1,250,000$ 2024-25 100%
College Boulevard - Cannon To Badger (490 Zone)- 312,600 1,250,000 2024-25 100%
Desalinated Water Flow Control Facility No. 5 21,577 9,669,502 758,000 2023-24 100%
Hydroelectric Generation at Water Facilities - 428,000 1,643,000 2026-27 100%
Maerkle Reservoir Transmission Main - - 3,463,000 2026-27 43%
Poinsettia Lane - Cassia To Skimmer - 207,394 - Complete 100%
Rancho Carlsbad Groundwater Supply - 200,000 1,550,000 2029-33 50%
San Luis Rey Mission Basin Groundwater Supply - - 31,420,000 2029-33 100%
Water Modeling 113,050 185,698 - 2024-25 100%
34,962,767$ 402,821$ 390,314$ 134,627$ 35,621,275$ 11,281,395$ 41,334,000$
Total 52,615,395$
Loans: None
Fee: $5,240.00 (5/8" Meter Size). Fees vary depending on meter size.