333(University(Ave,(Suite(160(•(Sacramento,(CA(95825
Phone:(d916l(561-0890(•(Fax:(d916l(561-0891
www.goodwinconsultinggroup.net
City of Merced
Community Facilities District No. 2003-2
(Services)
Senate Bill 165 Reporting Requirements for
Fiscal Year 2020-21
January 20, 2022
Community Facilities District No. 2003-2
Senate Bill 165 Reporting Requirements
Fiscal Year 2020-21
TABLE OF CONTENTS
Section Page
I. Introduction ...........................................................................................................................1
II. Senate Bill 165 Reporting Requirements ..............................................................................2
Appendix A: CFD No. 2003-2 Balance Sheet as of June 30, 2021 City of Merced Community Facilities District No. 2003-2 (Services) Senate Bill 165 Reporting Requirements Page 1
I. INTRODUCTION
City of Merced Community Facilities District No. 2003-2 (Services)
The City of Merced Community Facilities District No. 2003-2 (the “CFD” or “CFD No. 200 3- 2”) is located in the City of Merced (the “City”), in Merced County, in the State of California, approximately 132 miles south of Sacramento. On January 5, 2004, the City passed Resolution No. 2004-3, forming CFD No. 200 3-2. A successful landowner election was then held, authorizing the levy of the special tax. The special tax funds general services authorized under the Mello-Roos Act which include, but are not limited to:
1) Public safety services, including police and fire protection. 2) Landscaping, sidewalk, park, and parkway maintenance (including lighting). 3) Flood control services.
4) Miscellaneous administrative fees and expenses.
CFD No. 2003-2 currently is made up of 38 distinct improvement areas throughout the City. As additional new areas within the City apply for development approval , those development areas will annex to CFD No. 2003-2.
The Mello-Roos Community Facilities Act of 1982
The California State Legislature approved the Mello -Roos Community Facilities Act of 1982 that provides for the levy of a special tax within a defined geographic area, namely a community facilities district, if such a levy is approved by two -thirds of the qualified electors i n the area.
Community facilities districts can generate funding for a broad range of facilities and eligible services. These services include police protection services, fire protection and suppression services, library services, recreation program servi ces, maintenance of roads, parks, parkways and open space, and flood and storm protection services. Special taxes can be allocated to property in any reasonable manner other than on an ad valorem basis.
City of Merced Community Facilities District No. 2003-2 (Services) Senate Bill 165 Reporting Requirements Page 2
II. SENATE BILL 165 REPORTING REQUIREMENTS
On September 18, 2000, former Governor Gray Davis approved Senate Bill 165 which enacted the “Local Agency Special Tax and Bond Accountability Act”. In approving the bill, the Legislature declared that local agencies need to demonstrate to the voters that speci al taxes and bond proceeds are being spent on the facilities and services for which they were intended. To further this objective, the Legislature added Section 50075.3 to the California Government Code setting forth annual reporting requirements relative to special taxes collected by a local public agency. The amount of special taxes collected and e xpended for the fiscal year 2020-21 special tax levy is set forth in the table on the following page:
City of Merced Community Facilities District No. 2003-2 (Services) Senate Bill 165 Reporting Requirements Page 3
Fiscal Year 2020-21 Revenues*
Charges for Services $3,935,899
Investment Earnings $10,111
Miscellaneous $25,000
Total Revenues Collected $3,971,010
Fiscal Year 2020-21 Expenditures*
General Government $6,620
Public Safety $2,013,738
Public Works $1,004,365
Parks $3,310
Total Expenditures $3,028,033
Revenue Over (Under) Expenditures $942,977
Other Financing Sources (Uses)*
Transfer In $409,366
Transfer Out ($716,517)
Total Other Financing Sources (Uses) ($307,151)
Beginning Fund Balance $2,225,448
Ending Fund Balance $2,861,274
Net Change in Fund Balance $635,826
* Note: This is unaudited
APPENDIX A
CFD No. 2003-2 Balance Sheet
as of June 30, 2021
City of Merced
Balance Sheet
June 30, 2021
CFD Services
ASSETS
Cash, cash equivalents and investments 4,571,413
Receivables:
Interest Recievable 6,928
Accounts Receivable 11
Due from other governments 125,510
Total assets 4,703,862
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts payable 51,748
Other payables 79,848
Advances from other funds 1,710,992
Total liabilities 1,842,588
Fund Balance 2,861,274
Total liabilities and fund balance 4,703,862