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HomeMy WebLinkAbout2021-12-14; City Council; Resolution 2021-275RESOLUTION 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