CA/GC Review JRT
Meeting Date Dec. 12, 2023
To: Mayor and City Council/President and Board of Directors
From: Scott Chadwick, City Manager/Executive Manager
Staff Contact: Kim Riboni, Senior Accountant
[email protected], 442-339-5737
Subject: Annual Financial Information Report on Capital Project Funds and Special Taxes
Districts: All
Recommended Actions
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.
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.
Executive Summary
Local agencies such as the City of Carlsbad and the Carlsbad Municipal Water District (CMWD) are required to report the status of certain fees and special taxes each year under California Government Code Sections 50075.3, 66001 and 66006. Sections 66001 and 66006 further require the governing body of the local agency to periodically make certain findings regarding any fee established, increased or imposed after Jan. 1, 1989.
The required findings for the city and CMWD are included in the resolutions in Exhibit 1, for the City Council; and Exhibit 2, for the CMWD Board, and the reports are included as Attachment A to the resolutions.
Explanation & Analysis
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. 12, 2023
Item #1 Page 1 of 22
JOINT CI TY c ,ouNCIL AND
CARLSBA ID ,MUNIC I PAl WATER DISTR I 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 is provided as 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 on Nov. 24, 2023. 1 The reports in Attachment A to Exhibits 1 and 2 also 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 this time of this report. Funds being reviewed for eligible refunds include the city’s Bridge and Thoroughfare District No. 2 and Bridge and Thoroughfare District No. 3. City staff plan to return to the City Council in early 2024 with a recommendation to close out these districts since the improvement projects they were established to fund have been completed.
More information on these funds, and all other capital funds, are available in the fiscal year 2023-24 Capital Improvement Program and will be included in the fiscal year 2022-23 Annual Comprehensive Financial Report, which staff expects to issue 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. 12, 2023
Item #1 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 for 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 2023-24 Capital Improvement Program provided as Exhibit 3. The resolutions in Exhibits 1 and 2 include the required findings, and if they are 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, were compiled from data derived from audited financial records. These 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.
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, 2023, in accordance with state law.
Environmental Evaluation
This action does not require environmental review because it 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 or a reasonably foreseeable indirect physical change in the environment.
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. 12, 2023
Item #1 Page 3 of 22
RESOLUTION NO. 2023-283
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
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 2023-24 Capital Improvement Program as adopted by the City Council on June 13, 2023.
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. 12, 2023 Item #1 Page 4 of 22
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 Regular Meeting of the City Council 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 �LACKBURN, Mayor
SHERRY FREISINGER, City Clerk
(SEAL)
Dec. 12, 2023 Item #1 Page 5 of 22
Bridge And Thoroughfare District #2
BEGINNING ENDING BALANCE OF CURREN T FY 2023-24 AND ESTIMATED BALANCE FEES INTERES T MISC. CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED REVENUES EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects:
Poinsettia Lane - Reach E Cassia Road To Skimmer Court 57,041$ 383,035 $ - $ Complete 100% BTD #2 District Closeout in Process 972,100 In Progress 100% (1,387,858)$ 2,174,230 $ 625,804 $ - $ 57,041$ 1,355,135$ 383,035$ 972,100$ Total: 1,355,135$
Loans: None
Fee: Fee per
LFMP Zone
Average Daily
Trip
5 453$
20 2,348
21 1,895
LFMP - Local Facilities Management Plan
For the year ended June 30, 2023
Capital Funds Subject to Gov. Code SEC. 66006
Financial Information Report
Dec. 12, 2023
Item #1 Page 6 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
Bridge And Thoroughfare District (BTD) #3
BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED
BALANCE FEES INTEREST CAPITAL OTHER BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects:
BTD #3 District Closeout in Process -$ - $ 508,347$ In Progress 100% 502,820$ - $ 5,526$ - $ - $ 508,347$ - $ 508,347$ Total: 508,347 $
Loans: None
For the year ended June 30, 2023
Dec. 12, 2023
Item #1 Page 7 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006 and 50075.3 For the year ended June 30, 2023
Community Facilities District (CFD) #1
BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED PERCENTAGE
BALANCE TAXES FEES INTEREST OTHER CAPITAL OTHER BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PAID BY 7/1/2022 COLLECTED COLLECTED EARNED REVENUE (1) EXPENDITURES EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE TAX/FEE Description
Orion Center 21,837$ 30,434,157 $ - $ In Progress 72% City Hall 10,302 729,509 50,000,000 2029-33 100% Cole Library Expansion - 5,988,000 2034-38 32% Veteran's Memorial Park 880,583 2,244,179 37,342,000 2023-24 100% Administration Costs 50,008 - 440,000 N/A 100% CFD Taxes 986,130
BTD Fees -
Traffic Impact Fees
Public Facilities Fees 738,422
93,823,523$ 986,130 $ 738,422 $ 974,476 $ 170,844 $ 912,722 $ 50,008 $ 95,730,667$ 33,407,845 $ 93,770,000 $ Total: 127,177,845$
Loans: None
(1) Consists of rental income received on city owned property and district annexation fees BTD Fees:
Various
Traffic Impact Fee:
4,540 $ per unit - residential-single family
3,632 per unit - residential-condominium
2,724 per unit - residential- apartment
180 per trip - commercial/industrial
Public Facilities Fee:
1.82% of building permit valuation
CFD#1 Tax Rates:
Various
Dec. 12, 2023
Item #1 Page 8 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2023
Park In Lieu Fees
BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED
BALANCE FEES INTEREST OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED REVENUE EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects:
Aviara Reimbursement Agreement -$ 219,100 $ - $ Complete 100% Leo Carrillo Ranch Park Phase 3 - Stables Restoration and Restroom Construction - (1,195) - Complete 45% Leo Carrillo Ranch Park Phase 3B - - 2,564,000 2026-27 100% Monroe Street Pool Replacement 130,121 1,431,643 1,500,000 2023-24 64% Pine Avenue Park - Phase II (Community Building) - 792 - Complete 19% Robertson Ranch Park Development (Partial Funding) 34,379 579,621 424,000 2023-24 100% Stagecoach Community Park Community Gardens 25,429 199,571 212,000 2023-24 100% 3,849,339$ 450,769 $ 89,655 $ - $ 189,928$ 4,199,835$ 2,429,532$ 4,700,000$ Total: 7,129,532$
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 $7,649 per dwelling unit (NW quadrant)
Dec. 12, 2023
Item #1 Page 9 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2023
Traffic Impact Fees
BEGINNING ENDING BALANCE OF CURREN T FY 2023-24 AND ESTIMATED
BALANCE FEES INTERES T CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects:
Avenida Encinas Widening - South Of Palomar Airport Road 199,212$ 4,738,099 $ 2,500,000 $ 2024-25 81% Carlsbad Blvd. Realignment / Palomar Airport Road (Segment 2) - - 4,613,000 2034-38 18% El Camino Real And Cannon Road Intersection Improvements 173,119 226,144 - Complete 84% El Camino Real Right Turn Lane To East Bound Alga Road - - 438,000 2029-33 100% El Camino Real Widening - Arenal Road to La Costa Avenue 388,094 2,042,801 4,000,000 2023-24 100% Melrose Drive Right Turn Lane To West Bound Palomar Airport Road 20,667 729,654 - In Progress 100% Palomar Airport Rd. And College Blvd. Intersection Improvement 57,984 735,902 - In Progress 100% Sidewalk/Street Construction - Valley St. And Magnolia Ave. 83,534 3,031,809 - 2024-25 65% Sidewalk/Street Construction - Various Locations 364,272 2,738,095 (500,000) Ongoing 30% Terramar Area Coastal Improvements 428,566 4,756,017 2,800,000 2024-25 63% Traffic Impact Fee Update 71,783 187,001 - 2023-24 100% Traffic Monitoring Program 116,093 194,010 - 2023-24 100% 18,725,103$ 1,654,082 $ 253,549 $ 1,903,324$ 18,729,410 $ 19,379,531 $ 13,851,000 $ Total: 33,230,531$
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 $1,525,948
Fees:
$5,330 per unit - residential-single family
4,264 per unit - residential-condominium 3,198 per unit - residential-apartment 213 per trip - commercial/industrial Dec. 12, 2023
Item #1 Page 10 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2023
Industrial Corridor Fees (Zones 5, 13 And 16-18)
BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED
BALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6 /30/2023 AT 06 /30/2023 APPROPRIATIONS DATE PAID BY FEE Projects:
Business Park Recreational Facility -$ 18,000,000$ 2025-26 52% 4,584,262$ 98,262 $ 46,157 $ - $ 4,728,681$ - $ 18,000,000$ Total: 18,000,000$
Loans: None
Fee: $0.40 per square foot on new industrial & commercial construction Dec. 12, 2023
Item #1 Page 11 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2023
Planned Local Drainage Fees
BEGINNING ENDING BALANCE OF CURRENT FY 2023-2 4 ESTIMATED
BALANCE FEES INTEREST CAPITAL BALANCE APPROPRIATIONS AND FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6/30/202 3 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects:
Pld Area A - Drainage Master Plan Facility AAA (Jefferson Street) -$ - $ 290,00 0$ 2034-38 100% Pld Area A - Drainage Master Plan Facility AAAA (Madison Street) - - 417,000 2034-38 100% Pld Area A - Drainage Master Plan Facility AC (Highland Drive) - - 922,000 2034-38 100% Pld Area A - Drainage Master Plan Facility AFA (Hidden Valley Drainage Restoration) - - 92,000 2034-38 100% Pld Area A - Drainage Master Plan Facility AFB (Calavera Hills Drainage Restoration) - - 164,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BL-L (College Boulevard Bridge Reimbursement) - - 1,817,00 0 2034-38 100% Pld Area B - Drainage Master Plan Facility BFB-L + BF-1 (Tamarack And El Camino Real) - - 905,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BB 1 and 2 (Washington Street) - - 1,087,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BCB (Magnolia Avenue) - - 469,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BL-U (College Blvd.) - - 385,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BM (Cantarini/College Blvd. Box Culvert) - - 205,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BQ (Sunny Creek) - - 132,000 2034-38 100% Pld Area B - Drainage Master Plan Facility BR (Canatarini/College Blvd. Pipe Drainage) - - 181,000 2034-38 100% Pld Area C - Drainage Master Plan Facility C2 (Paseo Del Norte) - - 728,000 2034-38 100% Pld Area C - Drainage Master Plan Facility CA (Avenida Encinas) - - 530,000 2034-38 100% Pld Area D - Drainage Master Plan Facility DBA (Poinsettia Village) - - 168,000 2034-38 100% Pld Area D - Drainage Master Plan Facility DBB (Avenida Encinas) - - 430,000 2034-38 100% Pld Area D - Drainage Master Plan Facility DFA (Batiquitos Lagoon Stormwater Treatment) - - 257,00 0 2034-38 100% Pld Area D - Drainage Master Plan Facility DH (Altiva Place Canyon Restoration) - - 233,000 2034-38 100% Pld Area D - Drainage Master Plan Facility DQB (La Costa Town Square Center) - - 746,000 2034-38 100% Pld Area D - Drainage Master Plan Facility DZ (Poinsettia Lane) - - 643,000 2034-38 100% Drainage Master Plan Update 26,547 71,246 - In Progress 100% Drainage Master Plan Update 22,316 35,807 - In Progress 100% Drainage Master Plan Update 7,130 56,064 - In Progress 100% DMP Facility BFB-U (El Camino Real) 5,979 57,184 75,000 In Progress 100% 4,579,773$ 185,868$ 45,029$ 61,971$ 4,748,698$ 220,301$ 10,876,000$ Total: 11,096,30 1$
Loans: None
Fee Per Gross Acre: Low Runoff Medium Runof f High Runoff Area A - Buena Vista Lagoon 7,985$ 15,879$ 34,602$ Area B - Agua Hedionda Lagoon 2,985 5,753 12,932 Area C - Encinas Creek 2,897 4,098 12,556 Area D - Batiquitos Lagoon 2,747 4,49 4 11,905 Dec. 12, 2023
Item #1 Page 12 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2023
Public Facilities Fees
BEGINNING ENDING BALANCE OF CURREN T FY 2023-24 AND ESTIMATED
BALANCE FEES INTERES T OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED REVENUE (1) EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects:
El Camino Real Medians -$ - $ - $ TBD 43% Leo Carrillo Ranch Park Phase 3 - 48,985 - Complete 55% Leo Carrillo Park - Phase 3 Art 6,149 (6,149) - Complete 55% Cole Library Expansion - - 11,936,000 2034-38 63% Kelly Drive and Park Drive Complete Street Improvements 573 1,084,016 (87,000) In progress 17% Pine Avenue Park - Phase II (Community Building) - (26,003) - Complete 81% Poinsettia Community Park - Phase 4 - Dog Park 135,190 166,096 - Complete 100% Poinsettia Community Park - Phase 3 33,636 (0) - Complete 100% State Street Parking Lot Electric Vehicle Charging Stations 25,194 258,488 40,000 2023-24 100% Terramar Area Coastal Improvements 2,728 2,439,615 - 2024-25 16% Temporary Fire Station No. 7 989,463 132,537 - Complete 55% Valley and Magnolia Complete Streets - - 1,000,000 2024-25 18% Village H South Off Leash Dog Area And Trail Segment 5B 111,547 328,551 1,400,000 2027-28 100% 33,477,235$ 1,196,210 $ 317,876 $ 67,881 $ 1,304,479$ 33,754,723 $ 4,426,136 $ 14,289,000 $ Total: 18,715,136 $
(1) Consists of rental income received on city owned property.
Loans: None
Fee: 3.50% of building permit value
Dec. 12, 2023
Item #1 Page 13 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2023
Parking In Lieu Fee-Village Area
BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED
BALANCE FEES INTEREST BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6 /30/2023 AT 06 /30/2023 APPROPRIATIONS DATE PAID BY FEE Projects:
Downtown Parking Lot Lease Payments (1) 53,000$ -$ 1,108,168$ N/A 100% 1,146,591$ -$ 14,577$ 53,000$ 1,108,168$ -$ 1,108,168$ Total: 1,108,168$
(1) The city currently leases parking lot areas from North County Transit District on an ongoing basis for village area parking.
Loans: None
Fee: $11,240 per parking space
Dec. 12, 2023
Item #1 Page 14 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2023
Habitat Mitigation Fee
BEGINNING ENDING BALANCE OF ESTIMATED
BALANCE FEES INTEREST BALANCE LOAN CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6 /30/2023 AT 06 /30/2023 DATE PAID BY FEE Projects:
Payment Made on General Fund Loan 22,365$ 1,167,725 $ N/A 100% (1,203,155)$ 57,082 $ 744 $ 22,365$ (1,167,694)$ 1,167,725$ Total:
Loans: Received cash advances of $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 $1,167,694 Fee: 38,647 $ per impacted acre - coastal sage scrub 19,325 per impacted acre - non-native grassland
3,865 per impacted acre - agricultural land, disturbed land, eucalyptus woo d Dec. 12, 2023
Item #1 Page 15 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2023
Agricultural Mitigation Fee
BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED
BALANCE FEES INTEREST BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED EARNED EXPENDITURES 6 /30/2023 AT 06 /30/2023 APPROPRIATIONS DATE PAID BY FEE Projects:
Community Grants and Contributions 38,220$ 470,757 $ - $ N/A 100% Future Community Grants and Contributions 692,198 TBD 100% 1,186,588$ - $ 14,588$ 38,220 $ 1,162,955$ 470,757 $ 692,198 $ Total: 1,162,955 $
Loans: None
Fee: $10,000 per acre
Dec. 12, 2023
Item #1 Page 16 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2023
Sewer Benefit Area Funds (516/517)
BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED
BALANCE FEES CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED INTEREST EXPENDITURES EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects:
Future Projects (1) - 7,527,728$ TBD TBD 6,954,565$ 518,910 $ 54,253 $ - $ - $ 7,527,728$ - $ 7,527,728$ Total: 7,527,728 $
(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: None
Fees:
2,973$ Area C
2,979$ Area D
4,394$ Area E
4,417$ Area F
1,296$ Area H
Dec. 12, 2023
Item #1 Page 17 of 22
Financial Information Report
Capital Funds Subject to Gov. Code SEC. 66006
For the year ended June 30, 2023
Wastewater Connection Fee Fund
BEGINNING ENDING BALANCE OF CURRENT FY 2023-24 AND ESTIMATED
BALANCE FEES OTHER CAPITAL BALANCE APPROPRIATIONS FUTURE CONSTRUCTION PERCENTAGE 7/1/2022 COLLECTED INTEREST REVENUE (1) EXPENDITURES 6/30/2023 AT 06/30/2023 APPROPRIATIONS DATE PAID BY FEE Projects:
Buena Interceptor Sewer/Manhole Rehabilitation 16,664$ 527,018 $ - $ In Progress 4% El Fuerte Lift Station Pump Addition 327 179,673 650,000 2024-25 100% Faraday/El Camino Real Sewer Replacement 25,918 1,692,681 1,100,000 2023-24 100% Las Palmas Trunk Sewer - 556,000 2,640,000 2026-27 100% Sewer Capacity Monitoring Program 40,744 311,088 308,000 In Progress 100% Sewer Modeling - 222,243 (100,000) In Progress 100% Vista Carlsbad Interceptor - Buena Vista Lift Station Improvements - 154,265 134,000 2025-26 10% Vista/Carlsbad Interceptor - Agua Hedionda Lift Station/Forcemain (Vc12-Vc13) (2) 2,175,209 573,040 220,000 In Progress 31% Vista/Carlsbad Trunk Line Interceptor (Reach 11B) (2) 150,621 15,146 - Completed 31% Vista/Carlsbad Trunk Line Interceptor (Reach 13-15) (2) 723,255 102,868 - Completed 44% Vista/Carlsbad Trunk Line Interceptor (Reach 3) (2) - 100,000 822,000 2023-24 10% 3,986,015$ 618,740 $ 130,127$ 1,213,660$ 3,132,737$ 2,815,805$ 4,434,023$ 5,774,000$ Total: 10,208,023$
Loans: Received a $3,500,000 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: $1,156 - General Capacity Fee for all Areas
Dec. 12, 2023
Item #1 Page 18 of 22
._________. I
RESOLUTION 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.
Exhibit 2
Dec. 12, 2023 Item #1 Page 19 of 22
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
Dec. 12, 2023 Item #1 Page 20 of 22
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 FUTU RE C
ONSTRUCTION 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: $5,240.00 (5/8" Meter Size). Fees vary depending on meter size.
Dec. 12, 2023
Item #1 Page 21 of 22
Exhibit 3
2023-24 Capital Improvement Program
(on file in the Office of the City Clerk)
Dec. 12, 2023
Item #1 Page 22 of 22
AFFIDAVIT OF MAILING
NOTICE OF PUBLIC HEARING
TO: CITY CLERK
DATE OF PUBLIC HEARING:
SUBJECT: ±id--Sl-d-3Q__r,r7u.oY��_j;nf91<f$-
LOCATION: [�t:1200 Carlsbad Village Drive, Carlsbad, CA 92008 D Other: ------------------
DATE POSTED TO CITY WEBSITE // /; &/;:)od--3
DATE NOTICES MAILED TO PROPERTY OWNERS: -----------
NUMBER MAILED:
I declare under penalty of perjury under the laws of the State of California that I am employed by the City of Carlsbad and the foregoing is true and correct.
DEPARTMENT: � CLERK'S OFFICE □ OTHER _______ _
Signature
LL /;&j;}.p� I i
Date
SENT TO FOR PUBLICATION VIA E-MAIL TO: □ Union Tribune on ---- ca-coast News �n- /J /��3
PUBLICATION DATE: Union Tribune --------------
Coast News __ / J_/�d-_'1, ....... /�;)o�a:3�-�----
1 declare under penalty of perjury under the laws of the State of California that I am employed by the City of Carlsbad and the foregoing is true and correct.
DEPARTMENT: � CLERK'S OFFICE □ OTHER _______ _
Signature Date
Attachments: 1) Mailing Labels
2) Notice w/ attachments
NOTICE OF PUBLIC MEETING
NOTICE IS HEREBY GIVEN that the City of Carlsbad City Council will hold a public meeting at 5 p.m. on Tuesday, Dec. 12, 2023, to review the Fiscal Year 2022-23 Annual Financial Information Report on Capital Project Funds and Special Taxes prepared pursuant to California Government Code Sections 50075.3, 66001 and 66006. This report, which can be accessed at
https://www.carlsbadca.gov/departments/finance/financial-reports, includes the status of certain development fees and special taxes.
At the public meeting, the City Council will also be asked to consider and make findings regarding the purpose of the development fees, the relationship between the fees and their· purpose, the sources and amounts of funding anticipated for the completion of incomplete projects, and the approximate d�tes on which the anticipated funding is expected to be received. The information related to these findings may be found in the city's fiscal year 2022-23 Capital Improvement Program as adopted by City Council on June 13, 2023, which can be accessed here:
https://records.carlsbadca.gov/Weblink/DocView.aspx?id=6434289&dbid=0&repo=CityofCarlsbad&sea rchid=4021c6b2-bc2f-4334-a7a3-b2c9fbd2ad50.
Those persons wishing to speak on this proposal are cordially invited to attend the public hearing. Copies of the staff report will be available on and after Friday, Dec. 8, 2023. If you have any questions, please contact Zach Korach in the Finance Department at (442) 339-2414 or [email protected]. The meeting can be viewed on line at https://www.carlsbadca.gov/city-hall/meetings-agendas or on the City's cable channel. In addition, written comments may be submitted to the City Council at or prior to the hearing via U.S. Mail to the attention of Office of the City Clerk, 1200 Carlsbad Village Drive, Carlsbad, CA 92008, or via email to [email protected].
If you challenge this Annual Monitoring Report or the City Council's actions in court, you may be limited to raising only those issues you or someone else raised at the public meeting described in this notice or in written correspondence delivered to the City of Carlsbad, Attn: City Clerk's Office, 1200 Carlsbad Village Drive, Carlsbad, CA 92008, at or prior to the public meeting.
PUBLISH: Friday, Nov. 24, 2023
CITY OF CARLSBAD
CITY COUNCIL
CITY OF CA
RLSBAD
NQDCF OF Pl IBI IC MEmNG
NOTICE JS MEREBYGIVEN that the City of Carlsbad City Council will hold a public meet• ing al 5 p.m. on Tuesday, De<:. 12, 2023, to miew the Fi.seal Yea.r 2022-23 Annual Finan cial lnfonnation Report on Capital Proj(.-ct Funds and Special Taxes prepared pursu&nt to California. Government Code Sections 50075.3, 66001 and 66006. This �port, which can be accessed at
bttps·ttwwwcadshadca gnv(departmcntsHinancclfioancial-rcpo,:ts, includes the status of certain dl:!\·elopment fees &nd special taxes .
. �t the public meeting. tl1e City Council �ill also be a.sked to consider and make findings regarding: the purpose of the de\'e)opment fees, the relationship between the fees and their purpose, the sources and amounts of funding anticipat� for the completion of inoomplete projeets, and the approximate dates on which the anticipated funding is expected to be re ceived. l11e infomtation related to these findings may� found in the city's fiscal ycar2022• 23 Capita] Improvement Program as adopted by City Council on June 13, 2023, which can be a«essed here:
btt ps· /{recoals cadsbadca gn\'/Webl ink /QocView aspx?ide64'i4289&dhid eO&repogCi�• off:aclsbad&sr arch ide40? tc6M • be? C-433+·•7• 3·b?c90xl 2ed 50 Those pnsons wishing to speak on this proposal are cordially imited to attend the public bc&rin&- Copies of the staff report. will be available on and after Friday, Dec. 8, 2023. If )'OU ha\'e any questions, please contact Zach Korach in the Finance Department at (442) 339·2,4.14 or Zach Knracb@carlsbadca gm• The meeting can be viewed unline at b.U:ps.;,Ll ww»'C@dsbadca gm•/ci�•- baJl{meclinp-ageodas or on th@ City's cabl@ channel. In addition, written comments may be submitted to the City Council at or prior to the hearing "ia U.S.
Mail to the attention of Office of the City Clerk, 1200 C.Ulsbad Village Ori�, Carlsbad, CA 92008, or ,ia email to clr:rk@carlsbadca gr»'
If you challenge this Annual Monitoring Report or the City Council's actions in court, you may be limited to raising only those issues you or someone el$e ra.ised 11.t the public meet ing described in this notice or in written correspondence deli\'ered to the City of Carlsbad, Attn: City Clerk's Office, 1200 Carlsbad Village Drive, Carlsbad, CA 92008, at or prior to the public meeting.
PUBLISH: Friday, Nuv. 24, 2023
CITY OF CARLSBAD
CITY COUNCIL
11/24/2023 CN 28225
3 Col X 5,5"
16.5"x $15
$247.50