Susana Alcala Wood, City Attorney Jorge Oseguera, City Auditor Mindy Cuppy, City Clerk Howard Chan, City Manager John Colville, City Treasurer City Council Report
915 I Street, 1st Floor
Sacramento, CA 95814
www.cityofsacramento.org
File ID: 2022-00477 March 1 2022 Public Hearing Item 18
Title: Natomas Basin Habitat Conservation Plan (HCP) Fee – 2022 Adjustment [Noticed 02/18/2022 & 02/24/2022]
Location: Natomas Basin, Council Districts 1 and 3
Recommendation: Conduct a public hearing and upon conclusion, adopt a Resolution adjusting the amount of the Natomas Basin Conservation Plan (HCP) fee, to be effective in 60 days.
Contact: Michael Hanebutt, Associate Planner, (916) 808-7933, [email protected]; Cheryle Hodge, Principal Planner, (916) 808-5971, [email protected], Community Development Department
Presenter: Michael Hanebutt, Associate Planner, (916) 808-7933, [email protected], Community Development Department
Attachments:
1-Description/Analysis
2-Background
3-Draft Resolution to Adjust the Habitat Conservation Fee 4-TNBC Board of Directors HCP Fee Resolution
5-TNBC NBHCP 2022 Finance Model
File ID: 2022-00477 Public Hearing Item 18
March 1, 2022
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Description/Analysis
Issue Detail: The annual re-evaluation of the Natomas Basin Habitat Conservation Plan (NBHCP) Finance Model is required by §3.2.6 and 4.9.2 of the Implementation Agreement and is performed by the City’s NBHCP Plan Operator – The Natomas Basin Conservancy (TNBC).
On December 1, 2021, TNBC’s Board of Directors recommended that the City of Sacramento increase the fee due to an increase in land acquisition costs.
Policy Considerations: The 2003 NBHCP was approved by City Council on May 13, 2003, the federal Incidental Take Permit (ITP) was issued by U.S. Fish and Wildlife Service on June 27, 2003, and the amended state ITP was issued by California Department of Fish and Game on July 10, 2003. On an annual basis, the City considers a fee adjustment to ensure adequacy of the funding to implement the 2003 NBHCP and comply with the ITP and the related Implementation Agreement.
Economic Impacts: Not applicable.
Environmental Considerations: California Environmental Quality Act (CEQA): The City Council’s action in approving this resolution is solely for the purpose of establishing an adequate Habitat Conservation Plan (HCP) fee to be used to implement the HCP and is therefore not a project for the purpose of the CEQA pursuant to Guidelines section 15378.
Previous environmental review has been conducted related to the North Natomas Community Plan, the 2003 NBHCP, and the Comprehensive Drainage Plan, among others.
Sustainability: Periodic review and adjustment of the HCP fee is consistent with the Sustainability Master Plan – Section 7 – Parks, Open Space & Habitat Conservation, Goal 4:
“Preserve prime farmland and critical habitat resources.”
Commission/Committee Action: TNBC Board of Directors reviewed the proposed fees on December 1, 2021 and recommended an increase be made to the NBHCP fee. Their adopted resolution is included as Attachment 4.
Rationale for Recommendation: The HCP fees are adjusted annually, prior to the commencement of the grading season (May 1). TNBC recommends an increase to the current fee. (See Attachment 4 – TNBC’s resolution to increase the HCP fee 2022 rate.)
Financial Considerations: Developers of land covered by the NBHCP within North and South Natomas currently pay an HCP fee of $40,032 per gross acre of development ($25,032 per acre with land dedication).
File ID: 2022-00477 Public Hearing Item 18
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TNBC’s economic consultant – Economic & Planning Systems (EPS) – completed an update of the HCP Finance Model based on actual costs, as well as estimated costs, that indicates a necessity to adjust fees in order to successfully implement the HCP. Under the terms of the 2003 NBHCP Implementation Agreement between the City and the state and federal wildlife agencies, the City agreed to have its NBHCP “Plan Operator” (TNBC) update the HCP Finance Model annually for the life of the HCP. The HCP Fee revenue pays for the land acquisition, restoration and enhancement, administration and operations and maintenance, operations and maintenance endowment, and supplemental endowment funds associated with implementing the HCP and mitigating impacts of urban development on the species covered under the NBHCP. Based on the Finance Model update and the judgment of TNBC Board, the City Council is being requested to approve an increase of $3,936 to the current fees, resulting in a 2022 fee of $43,968 per gross acre of development ($27,718 with land dedication). There is no obligation of the General Fund associated with this requested fee adjustment.
2018
Fee
2019
Fee
2020
Fee
2021
Fee
2022
Fee
Full Fee (no land
dedication) $33,091 $33,091 $40,032 $40,032 $43,968
Fee with Land Dedication $21,841 $21,841 $25,032 $25,032 $27,718
Local Business Enterprise (LBE): Not applicable.
File ID: 2022-00477 Public Hearing Item 18
March 1, 2022
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Background:
History of the NBHCP Fee
On August 7, 1997, the City Council added Chapter 84.10 to Title 84 (currently Chapter 18.40 of Title 18) of the City Code, which created and established the authority for the NBHCP fee to fund the costs of implementing the NBHCP (Ord. No. 97-046). Chapter 18.40 directs the City Council, by resolution, to set the amount of the fee. The chapter also contemplates the periodic revision of the fee by resolution of the Council.
The history of the NBHCP fee rate is shown in the graphics and table below. As shown, it increased dramatically following the approval of the 2003 NBHCP and the years immediately following. This increase was due to the enhanced mitigation necessitated by ligation and set forth in the 2003 revised NBHCP, as well as a continued and sustained increase in land prices.
The fee is adjusted when required and has only been adjusted three times since 2014 after four years of annual decreases. In 2017, there was a decrease of $659 in the fee largely due to an increase in estimated crop land lease revenue per acre used to offset the Administration and Operation and Maintenance Costs.
In 2018, there was an increase in the fee of $1,491 which reflected the change in the estimated annual Endowment fund management fees paid by TNBC. The most recent adjustment in 2020 amounted to an increase of $6,941 which reflects the increase in the cost of land, administration/operations and maintenance, as well as the estimated annual Endowment fund management fees paid by TNBC over the 50-year life of the NBHCP.
Graphic – Fee History 2004 through 2022
0 5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
45,000
50,000
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
Fee Per Acre
NBHCP Fee History
Full Fee (no dedication)
Fee w/ land dedication
File ID: 2022-00477 Public Hearing Item 18
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History of NBHCP Fees
Date HCP Fee / Gross Acre Resolution No.
October 31, 1995 $2,240 [Interim Fee] 95-060
September 2, 1997 $2,656 97-508
August 17, 1999 $3,292 99-473
September 12, 2000 $3,942 2000-538
June 12, 2001 $10,021* (incl. $4,028 premium) 2001-391 May 21, 2002 $11,962* (incl. $4,028 premium) 2002-300
June 24, 2003 $12,270 2003-460
April 20, 2004 $16,124 ($8,624 w/ land dedication) 2004-285 April 5, 2005 $24,897 ($12,397 w/ land dedication) 2005-223 May 4, 2006 $41,182 ($18,682 w/ land dedication) 2006-301 February 13, 2007 $38,445 ($18,445 w/ land dedication) 2007-092 February 19, 2008 $38,133 ($20,633 w/ land dedication) 2008-097 February 17, 2009 $38,133 ($20,633 w/ land dedication) N/A March 9, 2010 $44,050 ($26,550 w/ land dedication) 2010-127 March 22, 2011 $37,547 ($22,547 w/ land dedication) 2011-157 February 21, 2012 $32,861 ($21,611 w/ land dedication) 2012-037 January 29, 2013 $27,419 ($18,669 w/ land dedication) 2013-027 February 4, 2014 $32,259 ($21,009 w/ land dedication) 2014-0034 January 13, 2015 $32,259 ($21,009 w/ land dedication) N/A February 9, 2016 $32,259 ($21,009 w/ land dedication) N/A January 17, 2017 $31,600 ($20,350 w/ land dedication) 2017-0043 January 30, 2018 $33,091 ($21,841 w/ land dedication) 2018-0051 February 26, 2019 $33,091 ($21,841 w/ land dedication) N/A February 27, 2020 $40,032 ($25,032 w/ land dedication) 2020-0062 April 13, 2021 $40,032 ($25,032 w/ land dedication) N/A March 1, 2022 $43,968 ($27,718 w/ land dedication) Proposed * In 2001, the Council increased the fee to $10,021 per gross acre to implement the 1997 NBHCP and the Settlement Agreement. The fee included a base fee of $5,993 per gross acre and a premium fee of $4,028 per gross acre to acquire reserve lands in priori tized areas of the Basin in order to comply with the agreement. In 2002, the Council increased the fee to $11,962 per gross acre – a base fee of $7,934 and a premium fee of $4,028 for the agreement.
The table above shows the History of the NBHCP Fees. As shown in the table, the HCP Fee has been at its highest in 2010 at $44,050 per gross acre ($26,550 w/land dedication). Over a decade later, the HCP has remained below the 2010 rate.
File ID: 2022-00477 Public Hearing Item 18
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TNBC is the plan operator of the NBHCP. TNBC acquires mitigation land and implements management and enhancement measures necessary to meet the mitigation requirements of the NBHCP. With best available information regarding current and projected costs associated with implementation of the 2003 NBHCP, TNBC staff worked with its economic consultant EPS to update the HCP Finance Model. Based on the economic model and the judgment of the TNBC, an increase adjustment is needed to accurately reflect the current costs of operating the HCP and thus should be reflected in the HCP fee.
Justification for Adjusting the HCP Fee
In order to implement the HCP, each December, TNBC recommends that the City Council approve a fee adjustment, if an adjustment is deemed necessary to implement the NBHCP given current assumptions. The current fee is $40,032 per gross acre of development ($25,032 per acre with land dedication); the proposed fee would be increased to $43,968 ($27,718 per acre with land dedication) based on the NBHCP Finance Model and TNBC’s analysis.
The NBHCP Fee is made up of five major parts:
1) Land Acquisition,
2) Restoration and Enhancement,
3) Administration and Operation and Maintenance (O&M),
4) O&M Endowment, and
5) Supplemental Endowment.
The fifth component – the Supplemental Endowment -- was added (at the request of the City) in June 2001 to provide assurances that the last 200 acres of required mitigation land will be purchased after all the fee revenue has been collected. The Supplemental Endowment may also be used for unforeseen circumstances expenses.
Unlike the Supplemental Endowment part of the fee, the O&M Endowment Fund is used to maintain the preserve lands in perpetuity after build-out of the plan area and all development fee revenue has been collected.
A small sixth component is allocated to the City for fee collection (2% of the fee).
Compared to the 2021 fee, the proposed 2022 fee represents a fee increase of 9.6% (without land dedication) or a 10.7% fee increase (with land dedication). The increase is largely attributable to increases in the cost of land, administration/operations and maintenance, as well as the estimated annual Endowment fund management fees paid by TNBC over the 50- year life of the NBHCP.
File ID: 2022-00477 Public Hearing Item 18
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Mitigation Fee Summary (per acre of development) without land dedication
Fee Component 2021
Adopted
2022
Proposed
Change from
2021
Land Acquisition (land, transaction, and
contingency)
$15,750 $17,000 $1,250
Restoration & Enhancement $1,411 $1,549 $138
Administration / Operations &
Maintenance
$13,402 $14,840 $1,438
O&M Endowment $8,041 $8,904 $863
Supplemental Endowment $643 $813 $170
Fee Collection Administration $785 $862 $77
Total $40,032 $43,968 $3,936
Mitigation Fee Summary (per acre of development) with land dedication
Fee Component 2021
Adopted
2022
Proposed
Change from
2021
Land Acquisition (land, transaction, and
contingency)
$750 $750 $0
Restoration & Enhancement $1,411 $1,549 $138
Administration / Operations &
Maintenance
$13,402 $14,840 $1,438
O&M Endowment $8,041 $8,904 $863
Supplemental Endowment $643 $813 $170
Fee Collection Administration $785 $862 $77
Total $25,032 $27,718 $2,686
The Conservancy is obligated to submit a fee recommendation each year that ensures its ability to successfully implement the NBHCP. A copy of the full fee study (dated November 23, 2021) is available for review at the City Planning Office, 300 Richards Blvd., 3rd Floor, Sacramento, CA 95811, and as Attachment 5 of this report.
Land Dedication Requirement
Since 2003, all large mitigation efforts have been accomplished through land dedication by the developers to TNBC, as opposed to payment of the Land Acquisition portion of the NBHCP fee. In April 2005, the City Council voted to require developers of 50+ acres to dedicate land in lieu of the full fee payment – unless the Conservancy deemed it had adequate surplus land such that accepting fees over dedication was helpful to the NBHCP’s implementation. On May 4, 2006, the City Council extended this provision to May 1, 2007.
File ID: 2022-00477 Public Hearing Item 18
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On February 13, 2007, the City Council extended the land dedication in-lieu requirement without a sunset date. No change in this requirement is proposed in this report.
Limitations on Development in Natomas
The Natomas Basin was previously impacted by the Federal Emergency Management Agency’s remapping of Natomas into an AE Flood Zone, which effectively precluded new development until such time that the levees meet 100-year flood protection standards or A99 designation. As of June 16, 2015, the City has obtained a new flood insurance map to provide Natomas with an A99 flood zone designation. On March 31, 2015, the City approved an ordinance amending Chapter 15.104 of the Sacramento City Code relating to floodplain management regulations to provide for limited resumption of residential development in the Natomas area (Ordinance 2015-0006). Since the remapping, there has been an increase in development taking place in areas that were previously graded and residential and non- residential development has also progressed in the Natomas area.
RESOLUTION NO. 2022-
Adopted by the Sacramento City Council
March 1, 2022
Adjusting the Amount of the Habitat Conservation Fee Established Pursuant to Chapter 18.40 of Title 18 of the City Code
BACKGROUND
A. On August 7, 1997, the City Council of the City of Sacramento adopted Ordinance No. 97-046, which added Chapter 84.10 to Title 84 (now Title 18, Chapter 18.40) of the City Code, which created and established the authority for the Habitat Conservation Fee, which is used to fund the costs of implementation of the Natomas Basin Habitat Conservation Plan (HCP). Chapter 18.40 of Title 18 directs the City Council, by resolution, to set the specific amounts of the fee and the manner in which the fee is to be paid.
B. On September 2, 1997, the City Council adopted Resolution No. 97-508, establishing the specific amounts of the Habitat Conservation Fee and the manner in which the fee is to be paid.
C. Section 18.40.080 of Title 18 of the City Code contemplates periodic revision of the Habitat Conservation Fee by resolution of the City Council.
D. The Natomas Basin Conservancy (TNBC), a non-profit public benefit corporation, is the entity responsible for administration of the Natomas Basin HCP, which is funded by the Habitat Conservation Fee.
E. On December 1, 2021, the Board of Directors of TNBC requested that the City of Sacramento adjust the Natomas Basin HCP from the current rate of $40,032 per gross acre to $43,968 per gross acre. If the land dedication option is utilized, the fee would be adjusted from the current $25,032 per gross acre to $27,718 per gross acre. The request is based upon an HCP Finance Model dated November 23, 2021, which established the need for an adjustment in the Habitat Conservation Fee to fund actual costs of administering the HCP.
F. A public hearing on adoption of this resolution to adjust the Habitat Conservation Fee was noticed and set as part of a regularly scheduled hearing for March 1, 2022.
G. Pursuant to Government Code Section 66017, development fee adjustments become effective sixty (60) days following their adoption.
H. On February 13, 2007, by Resolution 2007-092, the City Council permanently established the land dedication requirement.
BASED ON THE FACTS SET FORTH IN THE BACKGROUND, THE CITY COUNCIL RESOLVES AS FOLLOWS:
Section 1. Findings
The City Council hereby finds as follows:
(a) All provisions set forth above are true and correct and are incorporated by reference as findings for purposes of this resolution. In addition, those findings and other provisions specified in the Ordinance No. 97-046 are incorporated by reference as findings for purposes of this resolution.
(b) Participating in the HCP is one of several alternatives available for obtaining incidental take protection which a landowner may select to satisfy obligations imposed by the federal and state Endangered Species Acts, the Mitigation Monitoring Plans, and the SAFCA Permit. The HCP itself is designed to serve a number of purposes, including but not limited to the satisfaction of the Mitigation Monitoring Plan requirements specified in the North Natomas Community Plan and requirements of the SAFCA Permit, relating to direct, indirect, and cumulative biological impacts associated with Urban Development in the Permit Area.
(c) Because payment of the Habitat Conservation Fee pursuant to the HCP is only one of the available options for a landowner seeking to satisfy its obligations relating to direct, indirect, and cumulative biological impacts of urban development in the Natomas area, the fee is voluntary in nature and is not a mandatory imposition. It is therefore not legally required to demonstrate the satisfaction of the various nexus tests set forth in Government Code Sections 66000 et. seq. Nevertheless, the Council finds as to the adjusted Habitat Conservation Fee: (i) the amount of fee has been set based upon the HCP Finance Model, dated November 23, 2021, which has been reviewed and considered by the Board of Directors of TNBC, and which has been reviewed and considered by the Council; (ii) the HCP Finance Model represents a rational, fair and equitable method of allocating the costs of implementation of the HCP, and allocates the burden among development projects in a manner which is approximately proportionate to the impacts which may be reasonably anticipated from such development activity; and (iii) the relationship between the Habitat Conservation Fee and the adverse environmental impacts it is designed to mitigate is clearly established in numerous environmental impact reports,
including but not limited to those relating to the North Natomas Community Plan and the Comprehensive Drainage Plan for North Natomas, all of which are incorporated by reference as part of the findings supporting this resolution.
(d) The amount of the Habitat Conservation Fee, as adjusted by this resolution, is consistent with the City’s General Plan, the North Natomas and South Natomas Community Plans, the North Natomas Financing Plan, the Mitigation Monitoring Plans and the SAFCA Permit.
Section 2. Amount of Fee
The amount of the Fee, which a landowner may voluntarily select as the landowner’s preferred alternative for satisfaction of its legal obligations to mitigate for the adverse impacts of Urban Development on biological resources, for property located within the Permit Area is set at the rate of $43,968 per gross acre, and if the land dedication option is utilized, the fee is set at the rate of $27,718 per gross acre.
Section 3. Construction of Resolution
The provisions of this resolution are subject and subordinate to the provisions of Chapter 18.40 of Title 18 of the City Code. The definitions set forth in City Code section 18.40.020 apply to the terms used in this resolution.
Section 4. Judicial Action to Challenge this Resolution
Any judicial action or proceeding to attack, review, set aside or annul this resolution shall be brought within 120 days of its adoption.
Section 5. Effective Date
This resolution shall take effect 60 days following adoption of this resolution.
Section 6. Severability
If any section, phrase, sentence or other portion of this resolution for any reason is held or found to be invalid, void, unenforceable or unconstitutional by a court of competent jurisdiction, such portion shall be deemed a separate, distinct and independent provision, and such holding shall not affect the validity of the remaining portions of this resolution.
Adopted by the City of Sacramento City Council on March 1, 2022, by the following vote:
Ayes:
Noes:
Abstain:
Absent:
Attest:
The presence of an electronic signature certifies that the foregoing is a true and correct copy as approved by the Sacramento City Council.
M EMORANDUM
To: John Roberts and Kim Burns,
The Natomas Basin Conservancy
From: Allison Shaffer, Sean Fisher, and Jamie Gomes
Subject: Natomas Basin Habitat Conservation Plan
Fee Update—2022; EPS #212066
Date: November 23, 2021
Introduction
Economic & Planning Systems, Inc. (EPS) has updated the Cash Flow Model (model) used to estimate the Natomas
Basin Habitat Conservation Plan (NBHCP) mitigation fee
(fee). This memorandum details the updated cost and
revenue assumptions used to derive the proposed 2022
fee.
The fee contains components for the following five funds:
Land Acquisition
Restoration and Enhancement (R&E)
Administration/Operations and Maintenance
(Admin/O&M)
O&M Endowment
Supplemental Endowment
Figure 1 illustrates the purpose of and interaction among the five fee components. Table 1 summarizes the fee
history for each of the five components since the fee was implemented in 1996. Table 2 summarizes the fee-funded
cost per acre of habitat and the proposed fee by fee
component. The proposed fee is based on the assumed
current NBHCP mitigation requirement of one-half acre of mitigation land for each gross acre of developed land.
Table 3 estimates the percentage change in each fee
component for the proposed 2022 fee as compared to the
current fee.
Memorandum: Natomas Basin Habitat Conservation Plan Fee Update—2022 November 23, 2021
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A cash flow analysis was developed for each fund to estimate the annual revenues, expenditures, and balances that inform the fee estimates. Table 4 summarizes these cash flow analyses, which are further detailed in Appendix A.
The assumptions used in the cash flow analysis are presented in Tables 5 through 19. Table 20 shows The Natomas Basin Conservancy (TNBC)’s proposed 2022 budget (2022 Budget). For comparison purposes, this budget table also shows the estimated 2021 revenues and expenditures, as well as the source of the 2021 estimates.
Both the 2021 and 2022 budget amounts in Table 20 are reflected in the cash flow tables. The budget amounts are based on a variety of factors, including model assumptions, experience by TNBC with particular activities, expected development and habitat acquisition, and TNBC’s knowledge of other expected activities in the coming year. The 2022 Budget contains a discussion of the source of each revenue and cost estimate.
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Proposed 2022 Fee
The table below shows the fee history and the proposed 2022 fee.
The fee currently charged by the City of Sacramento (City) is $40,032 per acre of development. The proposed fee for 2022 is $43,968 per acre, which is $3,936 per acre greater than the current fee. Nearly all mitigation land, however, is acquired by TNBC through land dedication because all but a few small-acreage fee payers are required to dedicate land in lieu of paying the land cost portion of the fee. The City Council re-authorized this land dedication requirement without a sunset provision at its February 13, 2007, meeting. The proposed 2022 balance of the Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Reports\212066 NBHCP 2022 11-23-21.docx Economic & Planning Systems, Inc. (EPS)
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fee (non-land acquisition portion) to fee payers is $27,718 per acre, which is $2,686 greater than the current fee amount of $25,032 per acre.
Table 3 estimates the change in the fee from the current level for each fee component. The proposed 2022 fee represents a significant increase from the 2021 fee level. As detailed later in this memorandum, this fee increase is largely attributable to an increase in land acquisition, administration, and operations and maintenance and supplemental endowment costs resulting from an increase in the land acquisition cost per acre.
Updated Model Assumptions
The updated fee was estimated using a revised cash flow analysis prepared by EPS for each of the five funds. For each fund, EPS reconciled the actual account activity through 2020 with TNBC’s audited financial statements and updated cost and revenue assumptions for future years. Many of the changes reflect new estimated costs and revenues based on recent experience and input from TNBC.
The updated assumptions are described below.
Cash Flow Adjustments
Table 4 summarizes the cash flow analyses for each of the five funds. Detailed cash flow analyses for each fund are provided in Appendix A.
In each cash flow analysis, EPS updated costs and revenues for 2020 through the end of the 50-year NBHCP timeframe in 2053. The updates for particular years and ranges of years are described below.
2020
In each cash flow analysis, EPS reconciled 2020 account activity to TNBC’s 2020 end-of-year audited financial statements to reflect actual revenues and expenditures. These reconciliations resulted in a combined fund ending balance in 2020 of approximately $41.8 million.
2021
As discussed previously, the source of each of the 2021 revenue and expense amounts is shown in the 2022 Budget Proposal table (Table 20). The revenue and expense estimates are further detailed below.
Revenues
All fee revenues were updated to reflect the activity through September 2021, the last month for which financial statements were available. Additional fee revenue was not projected because TNBC did not expect any additional fee revenue through the end of the year.
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Similarly, investment income was updated to reflect the activity through September 2021. To be conservative, no further investment income was projected through the end of the year for the Land Acquisition, R&E, and Admin/O&M accounts. The investment income for the O&M Endowment and Supplemental Endowment funds was increased from the September 2021 amounts to estimate an additional 3 months of income based on the average monthly earnings through September 2021.
The 2021 farm rent revenue was updated to reflect the anticipated revenue for farms under contract with TNBC in 2021. In addition, TNBC receives other miscellaneous revenue, which could include various reimbursements, hunting revenue, and contract payments. The 2021 miscellaneous income amount was updated to reflect the activity through September 2021 and TNBC’s estimate of additional revenue through the end of the year. While consistent with miscellaneous revenues projected for 2020, the 2021 estimated miscellaneous income is much greater than in a typical year because of participation in the Natomas Central Mutual Water Company (NCMWC) groundwater exchange program and various SAFCA contract revenues.
Expenses
There were no expenses incurred in the R&E fund in 2021. The only expenses incurred in the O&M Endowment and Supplemental Endowment Funds were management fees. The 2021 management fees for both endowment funds were updated to reflect the activity through September 2021, as reported on the September 2021 financial statements, plus estimates of remaining 2021 management fees based on the average monthly costs through September. The September 2021 account statements were used because they were the most current statements available.
In 2021, TNBC acquired one new property totaling 287.71 acres. The property was acquired by TNBC through land dedication.
In 2020, TNBC received a $2 million loan from the City of Sacramento for mitigation land acquisition. In 2021, TNBC made loan payments of approximately $57,000 equaling the total land acquisition fee revenue collected from City fee payers in 2021. Table A-5 models the projected repayment of the City line of credit, which will be repaid with Land Acquisition fund fees from City fee payers.
In the Admin/O&M fund, where there are substantial ongoing Admin/O&M costs each month, the 2021 expenses were based on the costs incurred through September 2021 and TNBC’s estimates of remaining costs for the year. The cost estimates were based on TNBC’s in-depth knowledge of the annual costs, contracts, and leases.
Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Reports\212066 NBHCP 2022 11-23-21.docx Economic & Planning Systems, Inc. (EPS)
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2022
The 2022 revenue and expense amounts for all funds were obtained from the proposed 2022 Budget (see Table 20).
TNBC has begun negotiations for the acquisition of 185.42 habitat acres anticipated to occur early in 2022. To fund this acquisition, TNBC intends to temporarily transfer $3 million from the Supplemental Endowment Fund to the Land Acquisition Fund, similar to the transfer of $1.4 million in 2020. It is anticipated that the both the 2020 and anticipated 2022 transfers will be repaid to the Supplemental Endowment fund over the next 5 years, with full repayment by 2027.
2023 through 2054
In each cash flow analysis, the revenue and cost estimates for 2023 through 2053 were updated to reflect the updated model assumptions presented in Tables 5 through 19 and discussed in the remainder of this memorandum.
Cost Assumptions
Tables 5 through 19 detail the assumptions used to estimate costs for 2021 and later.
Land Acquisition Costs
Table 5 shows the land acquisition cost assumptions used to derive the Land Acquisition fee. The estimated land acquisition cost per acre was increased to $32,500 per acre this year as compared with $30,000 per acre in the 2021 model.
This cost estimate is taken from a broad range of potential land values in the Natomas area and is based on TNBC’s knowledge of confirmed recent land transactions, supported by a projection of land price costs prepared by a Member Appraisal Institute (MAI) Appraiser in November 2021. The opinion expressed by the MAI appraiser is that habitat land in the unincorporated area of the Natomas Basin will sell for approximately $30,000 to $33,000 per acre through 2022. With this and other information, including the land price for recent TNBC acquisitions, TNBC chose to update the value to $32,500 per acre in this year’s model. Land transaction and contingency cost estimates remain unchanged at $1,500 per acre.
The majority of fee payers dedicate land in lieu of paying the Land Acquisition fee.
To reflect this level of land dedication, the model now assumes that only 15 percent of fee payers will pay the Land Acquisition fee, the remaining 85 percent of fee payers will dedicate habitat land, and TNBC will purchase only 15 percent of the required habitat. This model adjustment was established in the 2021 fee update.
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R&E Costs
Table 6 shows the R&E cost assumptions used to derive the R&E fee. The R&E costs are estimated at $3,097 per habitat acre. These costs increased by $275 from the costs calculated in the 2021 model.
Base R&E Costs
The costs of converting rice acres into marsh acres was increased from the 2021 model.
The cost to convert rice acres into managed marsh was estimated at $10,000 per acre, an increase of $1,000 per acre from $9,000 per acre in the 2021 fee update.
Because managed marsh will represent 25 percent of the total acquired acres, the conversion cost was multiplied by 25 percent to arrive at a cost of $2,500 per acquired habitat acre.
The cost to convert rice acres into upland acres was estimated at $300 per acre.
The conversion cost is applied to the number of projected acres that need to be converted from rice to upland to reach the 25 percent upland requirement. As it is assumed that only 10 percent of the acquired habitat is upland, an additional 15 percent would need to be converted to upland. Thus, the conversion cost was multiplied by 15 percent to arrive at a cost of $45 per acquired habitat acre.
Biological Site Assessment and Preconstruction Survey Costs The cost to conduct a formal biological site assessment and preconstruction survey for acquired mitigation land, as required by the 2003 NBHCP, was estimated at $270 per habitat acre, the same estimate as in the 2021 model. This cost per acre is based on a total cost of $27,000 per habitat acquisition and an estimated 100 acres per acquisition.
Contingency Costs
The contingency component of the R&E costs is essential to ensure adequate funding for R&E, particularly given the lag time between when the fee is paid (and the habitat preserves are acquired) and when the R&E occurs. TNBC has 3 years to restore and enhance the designated preserves after approval of the Site- Specific Management Plan (SSMP), which comes one year after acquisition.
Biological studies also need to be completed within that time frame. A 10 percent contingency is assumed, which is consistent with the 2021 model.
Admin/O&M and O&M Endowment Fund Cost Estimates
The assumptions used to estimate the Admin/O&M and O&M Endowment costs are summarized in Table 7 and discussed below. The Admin/O&M and O&M Endowment fee components together provide funding for the Admin/O&M costs through the end of the NBHCP in 2053. The costs to be funded by these fee components (after accounting for land lease and miscellaneous revenue) increased by approximately 10.7 percent from the net costs in the 2021 model.
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The cost increase was attributable to increases in both administration and operations and maintenance costs. The Admin/O&M cost assumptions are detailed in Table 8 through Table 15 and discussed below.
O&M Costs
O&M costs are divided into the following three categories:
O&M costs included in the land maintenance contract for managing the marsh portion of the mitigation land.
Annual O&M costs not included in the land maintenance contract. Estimated TNBC costs for replacing fixed assets.
As summarized in Table 7, the O&M land maintenance cost per acre is estimated as the 2022 land maintenance contract amount (including a 10 percent contingency) divided by the current number of marsh acres. This cost per marsh acre is multiplied by the annual number of marsh acres to estimate the total annual land maintenance costs.
The land maintenance contract amount is approximately $399,600 in the 2022 model, consistent with the 2021 model.
Table 8 shows the ongoing O&M costs that are not part of the O&M land maintenance contract. These costs were updated based on estimates from TNBC.
Due primarily to increases in water management costs, including fuel for wells and siltation control, these costs increased by approximately 25 percent from the 2021 model. However, as the overall impact of the increased costs is somewhat mitigated by an increase to the habitat size, the costs per habitat acre increased by approximately 18 percent.
Table 9 includes an accounting of TNBC’s fixed assets for which replacement costs are estimated. This table shows the original fixed asset costs, as well as the costs updated to 2022 levels, using a 3 percent annual inflation rate to estimate the current replacement costs for the fixed assets. These costs also remained almost unchanged from the 2021 model, decreasing very slightly because of the addition or removal of some fixed assets. Again, as the habitat size increased, however, the costs per habitat acre decreased by approximately 6 percent.
Special Assessments
Special assessments consist of NCMWC, Bureau of Reclamation, and Reclamation District 1000 (RD-1000) costs. These special assessment costs constitute a significant portion of the Admin/O&M costs and are summarized in Table 7 and discussed below.
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NCMWC Costs
The NCMWC cost estimate per habitat acre is detailed in Table 10. The current assumptions concerning the NCMWC rates and the entity that is responsible for the payments are summarized below:
The rates shown on Table 10 are based on the NCMWC 2021 published rates.
It is anticipated there will be a rate increase in 2022, so the 2021 rates for all NCMWC components have been increased by 3 percent to estimate the rates in 2022 dollars. In addition, it is assumed that 15 percent of the acres will be excluded from NCMWC assessments.1
For rice acreage, it is assumed that TNBC will pay the administration and standby service charges only, while the farmers will be responsible for paying the annual water toll and winter water charges directly to NCMWC. TNBC is required, as stated in the 2003 NBHCP, to ensure that rice is produced on mitigation land. For this purpose, TNBC has included an allowance to fund farmer defaults on NCMWC payments, estimated at 5 percent of all farmer paid costs.
For uplands acreage, it is assumed that TNBC will pay the administration and standby service charges only, while the farmers will be responsible for paying the annual water toll and winter water charges directly to NCMWC. TNBC pays the full cost of water applied to managed-marsh complexes.
Bureau of Reclamation Costs
The Bureau of Reclamation provides water services to the Huffman West and Lauppe South properties at an amount of approximately $6,400 annually. As this 1 TNBC’s Finance Model now contemplates that 15 percent of TNBC’s land holdings will not be assessed the NCMWC tariff rate. The 15 percent factor is used in this calculation because not all land owned by TNBC lies in the NCMWC service area; therefore, the acreage outside the NCMWC service area would not incur NCMWC charges. This 15 percent factor for excluded land is used as an approximation in lieu of attempting to calculate and accurately predict many dynamic variables. Accounting for all variables could subject the Finance Model to risk levels believed by TNBC management to be unacceptable. These variables include the fact that decisions often are made late to fallow crop land or change from one crop to another, which would influence the amount of charges assessed by NCMWC. The Finance Model also does not reflect any late-year demand for water because of precipitation and other hydrological conditions, which largely are unpredictable. The Finance Model does not account for as-yet-made determinations regarding ground water well substitution (from TNBC wells) over NCMWC-supplied water, which is somewhat dependent on the ultimate NCMWC-approved tariffs and the breakdown between water usage charges and other components of the NCMWC fee structure. Moreover, a substantial portion of the total water costs assessed by NCMWC is assessed on shareholders of the NCMWC, regardless of whether they purchase irrigation water or not; this variable has not yet been published by the NCMWC Board of Directors but is expected to be different from those in recent years. It is assumed the generalized approach noted above (85 percent of total landholdings are assessed NCMWC charges per acre per year) is adequate to estimate future water cost–recovery needs.
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results in a negligible cost when assessed on a per-acre basis, there is no additional adjustment to the select special assessments cost per acre for this service.
RD-1000 Costs
Table 11 details the RD-1000 annual cost per acre for 2020, 2021, and 2022.
The 2020 and 2021 amounts are actual costs based on property tax bills. The 2022 cost is estimated as the total RD-1000 levy on the 2021/2022 property tax bills. For the purposes of estimating annual costs in future years, the 2022 cost is divided by the habitat size in acres to obtain a cost per acre.
Property Taxes
The land acquisition cost per acre is estimated at $32,500 based on a projection of land price costs prepared by an MAI Appraiser in November 2021, which indicated a potential range of land price costs from $30,000 to $33,000 per acre through 2022, as well as recent land acquisition transactions. This cost is a $2,500 increase to the land acquisition cost per acre in last year’s model. The current method of projecting property taxes is described below, and the property tax calculations are detailed in Table 11 and Table 12:
Existing Habitat Properties. The property taxes for existing habitat properties are detailed in Table 11. The 2021 property taxes are based on the actual property taxes reported on the fiscal year 2020/2021 and 2021/2022 tax rolls. The 2022 property taxes are composed of the following three components:
— Property taxes on the fiscal year 2021/2022 tax roll, including the addition of one new property acquired in 2021.
— A 3 percent contingency to address the uncertainty of maintaining reduced property tax levels for Williamson Act properties, as discussed below. — In 2014, Sutter County instituted the option to decrease Williamson Act contracts from 10 years to 9 years, as permitted by state law. This option caused an increase in the property taxes on Sutter County properties with Williamson Act contracts. The annual increase has been included on property tax bills since the 2014/2015 tax year. Although California Senate Bill (SB) 1265 (the reduction in Williamson Act contract lengths) was set to expire at the end of 2015, another Senate Bill (SB 1353) was enacted in September 2014 that incorporated reduction of the contract lengths into the Williamson Act with no termination date. Therefore, it is assumed in the model that this provision will be extended indefinitely, and the Sutter County tax burden will continue at the higher rates. In addition, property taxes could increase in Sacramento County if it also chooses the option to decrease the length of Williamson Act contracts.
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Future Habitat Properties. Table 12 details the estimated property taxes for 2022 and beyond. This table includes the property taxes for both existing and future projected habitat.
In light of the loss of state funding for Williamson Act contracts, TNBC staff believes that new properties will not be granted Williamson Act contracts.
Consequently, the annual property taxes for future habitat still to be acquired are calculated as 1.3 percent of the estimated full assessed value of future habitat. This factor consists of the 1 percent property tax and an additional
0.3 percent to cover the additional taxes and assessments on the property tax bills. The only assessment not included in the 0.3 percent is the RD-1000 assessment, which is accounted for separately in the O&M costs discussed previously.
From 2023 on, the model is based on the assumption that, on average, mitigation land acquisition costs will escalate by 3 percent annually, net of inflation, and the assessed value per acre of new habitat acquisitions will track this 3 percent escalation. TNBC believes the 3 percent net increase closely reflects the actual average increases in habitat land values in the region over the past decade. Annual taxes on new properties are estimated at 1.3 percent of the average assessed value per acre multiplied by the number of new habitat acres.
Mitigation Monitoring and Adaptive Management Costs
Table 13 shows the mitigation monitoring and adaptive management costs, which are divided into three categories, as summarized below:
Biological Effectiveness Monitoring Costs: Costs from the 2022 biological effectiveness–monitoring contract.
2 Other Costs: Connectivity and adaptive management review costs. Midpoint Program Review: Costs associated with the required program reviews when development reaches the half-way point of 8,750 acres, currently projected in 2026.
Other than the costs associated with the NBHCP-required midpoint program reviews, the pre-acquisition biological reconnaissance (included as a Land Acquisition cost), and the SSMPs (shown in Table 7 and discussed below), all mitigation monitoring costs are inflated by 3 percent every 5 years after 2023 until habitat buildout to reflect both likely cost increases, as mitigation land acreage increases to 8,312.5 acres (the ultimate buildout level of the 2003 NBHCP less an adjustment made for undevelopable acreage as described below), and 2 Currently, ICF International (formerly, Jones & Stokes) is conducting all the biological effectiveness monitoring on behalf of TNBC.
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anticipated increases in labor and related monitoring costs throughout the life of the NBHCP. The monitoring cost increases are estimated to occur every 5 years because the monitoring contracts tend to last for 5 years with cost increases occurring with each subsequent contract.
SSMP Costs
The annual SSMP costs are unchanged from the estimates in the 2021 Model (see Table 7). The annual cost of preparing SSMPs for acquired mitigation land is estimated at $160 per acquired acre in the year of acquisition only. The annual SSMP update cost is estimated at $25,000 per year, based on TNBC’s experience with preparing SSMPs.
Administrative Costs
Annual administrative costs were revised based on TNBC’s current budget estimates. The costs include a 5 percent contingency for 2022 and all subsequent years. Table 14 shows the 2020, 2021, and projected 2022 through 2053 administrative costs.
For all administrative costs except the contract costs and staff costs, it is assumed that the annual costs for 2023 and beyond will equal the 2022 costs. The contract costs for 2023 and beyond were separately estimated by TNBC based on expected ongoing contracts. These contract costs are detailed in Table 15. Budgeted TNBC staff costs for 2022 reflects the addition of new staff positions for a partial year.
For 2023 and beyond, staffing costs for 2022 have been adjusted to account for a full year of wages and salary for all staff members, including new field supervisor and assistant positions added in 2022.
The total administrative costs for 2023 and beyond are estimated at $1.6 million annually, which represents an increase of approximately 18.2 percent from the projections in the prior 2021 model.
Endowment and Supplemental Endowment Fund Management Fees As summarized on Table 7 TNBC’s fund management fees are calculated as
0.5 percent of the first $5 million of the O&M Endowment and Supplemental Endowment combined fund balances, plus 0.35 percent of the remainder of the combined fund balances, resulting in increasing fees as the fund balances increase. The model reflects this calculation for all future years through the end of the TNBC timeframe in 2053, as detailed in the O&M Endowment and Supplemental Endowment cash flow tables.
Supplemental Endowment Cost Estimates
The Supplemental Endowment fund serves two purposes and is divided into two components: the Land Purchase Contingency component and the Changed Circumstance Contingency component. The Land Purchase Contingency component provides for acquisition of the last 200 acres of habitat, and the Changed Circumstance Contingency component is to be used in the event of Economic & Planning Systems, Inc. (EPS) Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Reports\212066 NBHCP 2022 11-23-21.docx
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unforeseen circumstances, such as a natural disaster. Table 16 estimates the amount per habitat acre required to fund both components.
Supplemental Endowment costs are driven primarily by the Land Acquisition cost assumption, estimated at $32,500 per acre in this year’s 2022 model, an increase from the prior 2021 model. In addition, it is anticipated that $3 million will be transferred from the Supplemental Endowment Fund to the Land Acquisition Fund in 2022 to help pay for planned habitat acquisition and that this transfer will be be paid back to the Supplemental Endowment Fund over the following 5 years. While not having a significant impact on the fee estimate, this transfer of funds results in a minor short-term decrease in investment revenues in the near future. The combined impact of the land acquisition cost increase and the $3 million transfer results in an increase in the Supplemental Endowment costs to be funded by fees from $1,252 per habitat acre in the 2021 model to $1,625 per habitat acre in this 2022 model (a 30 percent increase; see Table 16).
Note that it is assumed in the model that the Land Acquisition fund is used to purchase the entire required habitat, including the last 200 acres. The Land Purchase Contingency component of the Supplemental Endowment fund provides a contingency for purchasing the last 200 acres of the required habitat, in the event the cost of habitat acres dramatically increases as the supply decreases. In this event, rather than imposing a large increase in the habitat fee for later fee payers, the Supplemental Endowment fund would be used to supplement the acquisition of the last 200 acres.
Future large spikes in land prices are not currently assumed in the model, so the Supplemental Endowment funds are not shown as being used for land acquisition.
Rather, the model shows the Land Purchase Contingency component funds being transferred to the O&M Endowment fund once all required habitat land has been acquired. Thus, it is assumed the Supplemental Endowment Land Purchase Contingency component funds will be used to help fund ongoing administration, operations, and maintenance of the habitat, if they are not needed for land acquisition. The potential transfer of the Land Purchase Contingency component funds to the Endowment fund helps to keep the Admin/O&M and O&M Endowment fees lower.
The Changed Circumstance Contingency component funds are not assumed to be transferred to the O&M Endowment Fund after the purchase of all habitat. This component is treated differently in the model because a natural disaster, species listing changes, or other unforeseen circumstance would require additional funding, even after the acquisition of all habitat. The Changed Circumstances Contingency component is assumed to remain in place to provide revenue for unforeseen circumstances if needed.
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Revenue Assumptions
Rice and Other Crop Revenue Estimates
Rice Revenue
The model assumes that rent revenue will be earned on 90 percent of the total rice acres in the habitat, with the remaining 10 percent assumed to be required fallow fields, which produce very low or no cash rents.3 The model includes a revenue rate of $350 per acre for years after 2022, consistent with the 2021 model.
Other Crop Revenue
It is assumed that 25 percent of the habitat upland acreage will be committed to commercial farming of crops other than rice, and the other 75 percent will not be farmed and will provide foraging vegetation for Swainson’s Hawks. The average annual revenue rate for crops other than rice is estimated at $75 per acre, an increase of $25 from last year’s model. This estimate is based on TNBC’s actual earnings from non-rice farm leases in recent years.
Miscellaneous Revenues
Miscellaneous revenues, which can include, but are not limited to, contract payments, various reimbursements, and hunting revenues, are estimated at $25,000 annually for 2023 and beyond. The 2021 and 2022 miscellaneous revenues are estimates from TNBC based on TNBC’s knowledge of realized and expected revenue through 2022.
Investment Earnings
Investment income is calculated for all funds. It is estimated differently for different years, as summarized below.
2021
For the Land Acquisition, R&E, and Admin/O&M funds, 2021 investment income is estimated as the interest earnings from the September 2021 financial statements.
For the O&M Endowment and Supplemental Endowment Funds, the 2021 investment income is obtained from the September 2021 financial statements and is adjusted to estimate another 3 months, based on the average monthly earnings through September 2021.
2022
Investment income for 2022 is projected by applying various percentages, depending on the particular fund, to the September 2021 fund balances. These percentages are listed below:
3 The 2003 NBHCP requires that 10 percent of all mitigation land holdings used to produce rice will be fallowed each year.
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Land Acquisition: 1.00%
R&E: 1.00%
Admin/O&M: 1.00%
O&M Endowment: 3.00%
Supplemental Endowment: 3.00%
2023 through 2053
Investment income projected for 2023 and beyond is estimated as 3 percent of the prior year’s ending balance. While this rate may be more or less applicable in the short term, the interest rate is appropriate for use over a long period of time.
This interest rate represents a “real rate of return.” Because the cost and revenue projections in the model are expressed in constant dollars and exclude inflation, the projected annual return on investments also should exclude inflation.
The assumed real rate of return of 3 percent, used to project investment income, represents the annual rate of return that could be expected over and above inflation.
Development Assumptions
It is assumed that all development will be achieved by 2052, with 16,625 acres of the total 17,500 acres developed. This estimated level of development reflects an allowance for unusable acres of 5 percent (875 acres) of the total developable acres, as shown in Table 17. The inclusion of unusable acres was an updated assumption in the 2018 model based on conversations with TNBC staff. As development continues to occur throughout the Basin, several parcels have become increasingly less likely to develop.
Under the assumption that 875 of the 17,500 acres will not develop, it is also assumed that the associated 437.5 acres of habitat needed to satisfy the mitigation requirement of one-half acre of habitat per one acre of development will not be acquired. This reduction in habitat acres ensures that the mitigation ratio of one acre of development to one half acre of mitigation land is maintained and that the anticipated development will not be required to mitigate for more than one-half of an acre of habitat for each acre of development.
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Habitat Acquisition and Conversion
Table 18 details the habitat acquisition schedule. This schedule was updated to reflect habitat acquisitions made or projected over the last year and to update the projected annual habitat acquisitions in future years. In 2021, 287 habitat acres were acquired. In 2022, TNBC anticipates acquiring an additional 185 acres.
Additionally, in 2022, TNBC’s obligation to SAFCA will have ended, and there is anticipated to be a transfer of acres between SAFCA and TNBC. It is estimated that 46.7 of existing TNBC habitat acres (located on the Cummings, Alleghany, and Atkinsons properties) will be transferred to SAFCA and that TNBC will receive
53.8 new acres of mitigation land from SAFCA. TNBC anticipates that it will not acquire any additional habitat until 2028, at which time, it will begin to annually acquire the number of habitat acres needed to keep pace with the habitat required for the projected annual development levels.
The corresponding projected habitat conversion schedule for converting habitat acres to upland and marsh also was updated. Table A-3 details this schedule.
TNBC estimates that approximately 15 rice acres will be converted to marsh in 2022, 95 acres will be converted in 2023, and 110 acres will be converted in 2024. Beginning in 2025, the model is based on the assumption that enough rice acres will be converted to marsh and upland so that the mitigation land use allocation required by the NBHCP (25 percent marsh, 50 percent rice, and 25 percent upland) will be achieved by the time fees have been paid for 8,750 acres of development and will be maintained thereafter. This requirement will be met between 2025 and 2026. As such, the model assumes that all mitigation acres will meet the allocation requirement by the end of 2025, as required by the NBHCP. It is assumed that all excess/surplus habitat acres (i.e., habitat acres exceeding the 4,375 acres required for the 8,750 development acres) will meet this requirement 3 years later.
Note that Table 18 includes an adjustment to the NBHCP habitat acreage to account for required supplemental mitigation (mitigation required of non-NBHCP fee payers). As an example, in 2017, the NBHCP acreage was reduced by 28 acres to adjust for required supplemental mitigation for the Pacific Gas and Electric Company (PG&E). PG&E is not in the NBHCP area but was required to pay NBHCP mitigation fees for 56 acres of development and to provide 28 acres of habitat.
As shown in Table 18, the NBHCP habitat has been reduced by approximately 273 acres through 2021 to allow for the required supplemental mitigation TNBC must provide from its habitat holdings. In addition, it is assumed that there will be a reduction in acres in 2022 to account for the acres transferred to SAFCA (see above discussion).
Table 19 shows the current habitat status, including the current number of rice, marsh, and upland acres and the division between NBHCP mitigation and supplemental mitigation.
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Summary
The proposed 2022 fee is $43,968 per acre, an increase of $3,936 (9.8 percent) over the current 2021 fee. A significant portion of the fee increase can be attributable to an increased land cost. Increased land costs result in increases to the Land Acquisition and Supplemental Endowment fee components, which are both used for the purpose of acquiring land. Increased land costs also drive increased property taxes, which represent a major annual cost to TNBC. Property taxes are funded by the Admin/O&M and O&M Endowment fee components, so an increase in property taxes is the primary driver of increases to these fee components.
The Restoration and Enhancement fee component has increased by approximately 26 percent, resulting from an increase in estimated cost of conversion of acres from rice to marsh acres.
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LIST OF FIGURE AND TABLES
Figure 1 Cash Flow Model and Interaction of Funds...........18 Table 1 NBHCP Mitigation Fee Summary 1996–2020 ........19 Table 2 Estimation of Habitat Mitigation Fee ................... 20 Table 3 Habitat Mitigation Fee Component Changes.........21 Table 4 Cash Flow Summary (6 pages).......................... 22 Table 5 Land Acquisition Cost....................................... 28 Table 6 Restoration and Enhancement Assumptions ........29 Table 7 Admin./Operations and
Maintenance Assumptions ................................ 30 Table 8 Estimated TNBC Operations and
Maintenance Annual Costs (3 pages) .................. 31 Table 9 Estimated TNBC Fixed Asset
Annual Costs (3 pages) .................................... 34 Table 10 NCMWC Cost Estimate ..................................... 37 Table 11 Actual and Estimated Property Taxes:
Past, Current, and Budget Year ......................... 38 Table 12 Estimated Property Taxes................................. 39 Table 13 Species and Habitat Monitoring
Cost Assumptions ............................................ 40 Table 14 Estimated Administrative Costs ......................... 41 Table 15 Estimated Contract Costs for 2021-2053 ............. 42 Table 16 Estimated Supplemental Endowment Cost...........43 Table 17 Development Projections .................................. 44 Table 18 Habitat Acquisition Schedule ............................. 45 Table 19 Habitat Status ................................................ 46 Table 20 TNBC 2020 Budget Proposal (7 pages) ...............47
Figure 1
NBHCP 2022 Fee Update
Cash Flow Model and Interaction of Funds
NBHCP
Cash Flow Fund
Primary
Purpose
Revenue
Sources
Expenditure
Categories
Interaction
of Funds
Land Acquisition Land Acquisition Fee Revenues
Interest Earned
Land Purchase
Transaction Costs
Contingency
Balances can be transferred
among these three funds:
--To correct short-term
cash flow imbalances
and take advantage of
opportunities;
--If revenues could be
better utilized in one of
the other funds and are
not needed in the existing
fund.
Interest earnings can be
transferred to Admin./O&M fund
to supplement revenues.
Supplemental fee
revenue can be used
to purchase mitigation
land.
Restoration and Enhancement Restoration and/or
Enhancement of Mitigation
Land
Fee Revenues
Interest Earned
Restoration, Enhancement, or
Conversion of Acquired
Mitigation Lands to Habitat
Suitable for Protected Species
Preparation of Site Specific Plans
Admin./O&M Administration of TNBC
Operations and Maintenance
of Mitigation Land
Fee Revenues
Interest Earned
Interest from O&M Endowment
Fund (in Later Years)
Farming Revenues
Miscellaneous Revenues
Administration of TNBC
O&M of Acquired Mitigation Land
Property Taxes and Special
Assessments
Mitigation Monitoring
Species Monitoring
Adaptive Management
O&M Endowment Fund Provide Supplemental
Revenue for Admin./O&M
Fund
Fee Revenues
Interest Earned
Interest Earnings Transferred to
Admin./O&M Fund in Later Years
of NBHCP
Supplemental Endowment Fund Provide Supplemental
Revenue for Land Acquisition
--for advance purchase
--in the case that land costs
spike dramatically in any
given year
Provide a "Changed
Circumstances" Fund
--to provide revenue in the
event of changed habitat
circumstances such as fire,
flood, or the listing of new
species.
Fee Revenues
Interest Earned
Land Purchase
After Completion of Land
Purchases, Remaining Funds
(Excluding Changed Circumstances
Portion) may be Transferred to
Operating or Endowment Fund
fig1
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2022 Fee Update
Table 1 17,500 developable acres; 95% assumed to develop NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land NBHCP Mitigation Fee Summary 1996-2022 25% marsh, 50% rice, 25% other Fee Land Cost Total
Land Land Acq. Admin/ O & M Supp. Collection Pct. Portion of Excluding Pct.
Year Acq.[1] Settlement [2] R & E O&M Endowment Endowment Subtotal Admin. Total Change Land Acq. [3] Land Cost [3] Change Actual
1996/97 $1,830 $140 $150 $75 $0 $2,195 $45 $2,240 $2,240 1998 $1,830 $198 $475 $100 $0 $2,603 $53 $2,656 19% $2,656 19% 1999 $2,036 $200 $800 $190 $0 $3,226 $66 $3,292 24% $3,292 24% 2000 $2,500 $423 $750 $190 $0 $3,863 $78 $3,941 20% $3,941 20% 2001 $3,000 $3,947 $368 $1,555 $800 $150 $9,820 $201 $10,021 154% $10,021 154% 2002 $3,750 $3,947 $782 $1,555 $1,500 $188 $11,722 $240 $11,962 19% $11,962 19% 2003 $5,275 $970 $3,450 $1,900 $430 $12,025 $245 $12,270 3% $4,500 $7,770 (35%) 2004 $7,750 $935 $4,154 $2,490 $473 $15,802 $322 $16,124 31% $7,500 $8,624 11% 2005 $12,750 $1,023 $6,243 $3,745 $638 $24,399 $498 $24,897 54% $12,500 $12,397 44% 2006 $23,250 $1,278 $9,255 $5,555 $1,020 $40,358 $824 $41,182 65% $22,500 $18,682 51% 2007 $20,750 $1,275 $9,213 $5,530 $908 $37,676 $769 $38,445 (7%) $20,000 $18,445 (1%) 2008 $18,250 $1,141 $10,737 $6,440 $803 $37,370 $763 $38,133 (1%) $17,500 $20,633 12% 2009 $18,250 $1,141 $10,737 $6,440 $803 $37,370 $763 $38,133 0% $17,500 $20,633 0% 2010 $18,250 $1,267 $14,269 $8,560 $823 $43,169 $881 $44,050 16% $17,500 $26,550 29% 2011 $15,750 $1,165 $11,983 $7,190 $723 $36,811 $736 $37,547 (15%) $15,000 $22,547 (15%) 2012 $12,000 $1,167 $11,549 $6,929 $572 $32,216 $644 $32,861 (12%) $11,250 $21,611 (4%) 2013 $9,500 $1,117 $9,876 $5,925 $463 $26,881 $538 $27,419 (17%) $8,750 $18,669 (14%) 2014 $12,000 $1,287 $11,118 $6,671 $550 $31,626 $633 $32,259 18% $11,250 $21,009 13% 2015 $12,000 $1,287 $11,118 $6,671 $550 $31,626 $633 $32,259 0% $11,250 $21,009 0% 2016 $12,000 $1,287 $11,118 $6,671 $550 $31,626 $633 $32,259 0% $11,250 $21,009 0% 2017 $12,000 $1,311 $10,722 $6,433 $514 $30,980 $620 $31,600 (2%) $11,250 $20,350 (3%) 2018 $12,000 $1,311 $11,652 $6,991 $488 $32,442 $649 $33,091 5% $11,250 $21,841 7% 2019 $12,000 $1,311 $11,652 $6,991 $488 $32,442 $649 $33,091 0% $11,250 $21,841 0% 2020 $15,750 $1,411 $13,402 $8,041 $643 $39,247 $785 $40,032 21% $15,000 $25,032 15% 2021 $15,750 $1,411 $13,402 $8,041 $643 $39,247 $785 $40,032 0% $15,000 $25,032 0% Proposed
2022 $17,000 $1,549 $14,840 $8,904 $813 $43,106 $862 $43,968 9.8% $16,250 $27,718 10.7% fee hist
[1] Land acquisition cost includes land cost, transaction costs, and contingency costs.
Current land costs estimated at $32,500 per acre. Transaction costs and contingencies estimated at $1,500 per acre. [2] Fee component in 2001 and 2002 only.
[3] Excludes land transaction costs and contingencies.
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Table 2
NBHCP 2022 Fee Update
Estimation of Habitat Mitigation Fee (2022$)
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Item
Fee-Funded
Cost per Acre of
Habitat
Mitigation Fee per
Acre of
Development
Percentage of
Base Fee Notes
Land Acquisition
Land Cost
Transaction Costs and Contingency
Subtotal Land Acquisition
a
$32,500
$1,500
$34,000
b=a x .5
$16,250
$750
$17,000 39% See Table 5.
Restoration & Enhancement
Administration/O&M [1]
O&M Endowment [1]
Supplemental Endowment Fund
$3,097
$29,680
$17,808
$1,625
$1,549
$14,840
$8,904
$813
4%
34%
21%
2%
See Table 6.
See Tables 7 - 14.
See Table A-7.
See Table 15.
Subtotal Mitigation Fee
Fee Collection Administration
Total Mitigation Fee
$86,211 $43,106
$862
$43,968
100%
2% of fee for collection
Total Mitigation Fee Excluding Land Cost
Portion of Land Acquisition Component [2]
$27,718
fee sum 1
[1] Administration/O&M and O&M Endowment fees are set based on the cash flow analysis, ensuring that fund balances are positive in year 50 (2053) and that annual interest earnings in the endowment fund equal the drawdown by the Admin/O&M fund in 2053. See Tables 7-15 for Admin/O&M cost assumptions.
[2] In some cases HCP fee payers may dedicate land to satisfy the land acquisition component of the NBHCP. Any land dedication will be subject to the terms of the NBHCP.
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Table 3
NBHCP 2022 Fee Update
Habitat Mitigation Fee Component Changes (2021 to 2022) 2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Fee Component
2021
Fee
2022
Proposed
Fee
Fee
Increase/
(Decrease)
Percentage
Increase/
(Decrease)
Land Acquisition
Land
Transaction
Contingency
Total Land Acquisition
$15,000
$375
$375
$15,750
$16,250
$375
$375
$17,000
$1,250
$0
$0
$1,250
8.3%
0.0%
0.0%
7.9%
Restoration & Enhancement $1,411 $1,549 $138 9.8%
Administration/O&M and O&M Endowment
Administration/O&M
O&M Endowment Fund
Total Admin/O&M and O&M Endowment
$13,402
$8,041
$21,443
$14,840
$8,904
$23,744
$1,438
$863
$2,301
10.7%
10.7%
10.7%
Supplemental Endowment Fund $643 $813 $170 26.4%
Subtotal Mitigation Fee
Fee Collection Administration
Total Mitigation Fee
$39,247
$785
$40,032
$43,106
$862
$43,968
$3,859
$77
$3,936
9.8%
9.8%
9.8%
fee increase
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Table 4
NBHCP 2022 Fee Update
Cash Flow Summary
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Assumes:
0.0% Inflation
3.0% Interest Rate
TOTAL 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 1996 - 2053 1 2 3 4 5 6 7 8 9 10
LAND ACQUISITION
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$75,211,004
($59,581,957)
($15,832,426)
$203,379
$0
$0
$0
$55,641
$0
$0
$0
$0
$55,641
$55,641
$191,966
$0
$0
$0
$0
$247,608
$247,608
$2,526,057
$0
$0
$0
$0
$2,773,665
$2,773,665
$2,698,708
($4,924,998)
$0
$203,379
$0
$750,754
$750,754
$1,287,471
($1,475,112)
$0
$0
$0
$563,113
$563,113
$3,198,070
($1,535,905)
$0
$0
$0
$2,225,278
$2,225,278
$2,569,079
($8,854,102)
$4,061,520
$0
$0
$1,775
$1,775
$9,072,846
($6,411,966)
($2,582,000)
$0
$0
$80,655
$80,655
$469,564
($81,231)
($50,000)
$0
$0
$418,988
$418,988
$1,002,010
($220,786)
$100,414
$0
($863,462)
$437,164
RESTORATION AND ENHANCEMENT
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Ending Balance
$0
$21,241,033
($18,250,750)
($2,829,570)
($160,713)
$0
$0
$4,257
$0
$0
$0
$4,257
$4,257
$14,814
$0
$0
$0
$19,070
$19,070
$273,883
$0
$0
$0
$292,954
$292,954
$299,292
$0
$0
$0
$592,246
$592,246
$150,525
$0
$0
($160,713)
$582,058
$582,058
$146,644
($1,060,422)
$600,000
$0
$268,280
$268,280
$363,017
($490,041)
($153,500)
$0
($12,244)
($12,244)
$1,123,471
($880,182)
$153,500
$0
$384,545
$384,545
$334,400
($739,786)
$0
$0
($20,841)
($20,841)
$653,695
($40,344)
($110,899)
$0
$481,611
ADMINISTRATION/O&M
Beginning Balance
Total Revenues
Drawdown on Endowment Fund
Total Expenditures
Transfers To/From Other Funds
City of Sac. Loan for 200-Acre Reserve
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$235,301,242
$6,352,033
($234,011,469)
($7,777,245)
$0
$274,310
($138,870)
$0
$0
$4,561
$0
$0
$0
$0
$0
$0
$4,561
$4,561
$65,700
$0
$0
$0
$0
$0
$0
$70,261
$70,261
$657,778
$0
($106,930)
$0
$0
$0
$0
$621,109
$621,109
$739,027
$0
($205,505)
$0
$0
$0
$0
$1,154,631
$1,154,631
$509,413
$0
($388,815)
$0
$0
$274,310
$0
$1,549,539
$1,549,539
$816,275
$0
($611,155)
($600,000)
$0
$0
$0
$1,154,659
$1,154,659
$1,624,402
$0
($876,281)
($3,908,020)
$2,111,959
$0
$0
$106,719
$106,719
$3,949,924
$0
($1,448,791)
$2,428,500
($2,111,959)
$0
$0
$2,924,393
$2,924,393
$2,207,942
$0
($1,738,522)
$50,000
$0
$0
$0
$3,443,813
$3,443,813
$4,117,856
$0
($1,890,845)
$10,485
$0
$0
($267,256)
$5,414,053
O&M ENDOWMENT
Beginning Balance
Total Revenues
Total Expenditures
Transfers From Other Funds
Drawdown on Endowment Fund
Balance Adjustments
Ending Balance
$0
$220,845,813
($13,551,132)
$39,197,826
($6,352,033)
($229,815)
$239,910,658
$0
$2,280
$0
$0
$0
$0
$2,280
$2,280
$10,490
$0
$0
$0
$0
$12,770
$12,770
$262,268
$0
$0
$0
$0
$275,038
$275,038
$278,626
$0
$0
$0
($229,818)
$323,846
$323,846
$140,135
$0
$0
$0
$0
$463,981
$463,981
$502,695
$0
$0
$0
$0
$966,676
$966,676
$764,048
$0
$0
$0
$0
$1,730,724
$1,730,724
$2,718,446
($24,671)
$0
$0
$0
$4,424,499
$4,424,499
$1,378,566
$0
$0
$0
$0
$5,803,065
$5,803,065
$2,438,050
($92,534)
$0
$0
$0
$8,148,581
SUPPLEMENTAL ENDOWMENT
Beginning Balance
Total Revenues
Total Expenditures [1]
Ending Balance a
$0
$22,884,461
($22,884,461)
($0)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$36,390
$0
$36,390
$36,390
$147,320
$0
$183,710
$183,710
$533,036
($260,467)
$456,279
$456,279
$202,734
($100,897)
$558,116
$558,116
$443,136
($216,671)
$784,582
Changed Circumstances Fund Balance b $8,856,278 $0 $0 $0 $0 $0 $0 $0 $260,467 $361,364 $563,053 Total Sup. Endowment Ending Balance a+b $8,856,278 $0 $0 $0 $0 $0 $36,390 $183,710 $716,746 $919,480 $1,347,635 Total Ending Balance $248,766,936 $66,739 $349,709 $3,962,766 $2,821,477 $3,158,691 $4,651,283 $2,010,684 $8,530,838 $10,564,505 $15,829,044 [1] Includes transfers to Changed Circumstances subfund.
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Table 4
NBHCP 2022 Fee Update
Cash Flow Summary
TOTAL
1996 - 2053
2006
11 2007
12 2008
13 2009
14 2010
15 2011
16 2012
17 2013
18 2014
19 2015
20 LAND ACQUISITION
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$75,211,004
($59,581,957)
($15,832,426)
$203,379
$0
$0
$437,164
$3,418,052
($345,607)
($1,429,520)
$0
$863,462
$2,943,551
$2,943,551
$2,438,647
($17,922)
$0
$0
$0
$5,364,276
$5,364,276
$615,127
($21,832)
$0
$0
$0
$5,957,571
$5,957,571
$1,650,164
($88,201)
$0
$0
$0
$7,519,534
$7,519,534
$176,093
$0
$0
$0
$0
$7,695,627
$7,695,627
$1,466,773
($27,000)
$0
$0
$0
$9,135,400
$9,135,400
$1,403,680
($25,477)
($8,000,000)
$0
$0
$2,513,603
$2,513,603
$25,618
$0
($5,640)
$0
$0
$2,533,581
$2,533,581
$14,662
($15,353)
$0
$0
$0
$2,532,890
$2,532,890
$79,623
($21,143)
$0
$0
$0
$2,591,370
RESTORATION AND ENHANCEMENT
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Ending Balance
$0
$21,241,033
($18,250,750)
($2,829,570)
($160,713)
$0
$481,611
$202,113
($480)
$0
$0
$683,244
$683,244
$265,605
($597,613)
$0
$0
$351,236
$351,236
$37,225
($49,634)
$0
$0
$338,827
$338,827
$36,683
$0
$0
$0
$375,510
$375,510
$9,677
$0
$0
$0
$385,187
$385,187
$24,441
$0
$0
$0
$409,628
$409,628
$205,973
$0
$1,000,000
$0
$1,615,601
$1,615,601
$86,197
$0
$0
$0
$1,701,798
$1,701,798
$19,027
$0
$0
$0
$1,720,825
$1,720,825
$21,967
$0
$0
$0
$1,742,792
ADMINISTRATION/O&M
Beginning Balance
Total Revenues
Drawdown on Endowment Fund
Total Expenditures
Transfers To/From Other Funds
City of Sac. Loan for 200-Acre Reserve
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$235,301,242
$6,352,033
($234,011,469)
($7,777,245)
$0
$274,310
($138,870)
$0
$5,681,309
$2,166,883
$0
($2,121,364)
$1,429,520
$0
$0
($499,925)
$6,656,423
$7,156,348
$4,993,445
$0
($3,371,435)
$0
$0
$0
($319,373)
$8,458,985
$8,778,358
$1,062,029
$0
($2,710,637)
$0
$0
$0
($330,880)
$6,798,870
$7,129,750
$1,086,047
$0
($2,729,128)
$0
$0
$0
($133,831)
$5,352,838
$5,486,669
$911,922
$0
($2,252,846)
$0
$0
$0
($744,437)
$3,401,308
$4,145,745
$554,345
$0
($2,744,263)
($155,650)
$0
$0
($133,831)
$1,666,346
$1,800,177
$2,835,147
$0
($2,536,131)
$7,000,000
$0
$0
($133,831)
$8,965,362
$9,099,193
$1,161,017
$0
($2,797,999)
$5,640
$0
$0
($133,831)
$7,334,020
$7,467,851
$912,366
$0
($2,370,406)
$0
$0
$0
($133,831)
$5,875,980
$6,009,811
$2,316,002
$0
($2,425,101)
$0
$0
$0
($133,831)
$5,766,881
O&M ENDOWMENT
Beginning Balance
Total Revenues
Total Expenditures
Transfers From Other Funds
Drawdown on Endowment Fund
Balance Adjustments
Ending Balance
$0
$220,845,813
($13,551,132)
$39,197,826
($6,352,033)
($229,815)
$239,910,658
$8,148,581
$1,868,942
($90,892)
$0
$0
$0
$9,926,631
$9,926,631
$1,086,696
($53,795)
$0
$0
$0
$10,959,532
$10,959,532
($3,331,431)
($52,766)
$0
$0
$0
$7,575,335
$7,575,335
$2,056,583
($40,066)
$0
$0
$0
$9,591,852
$9,591,852
$1,380,702
($58,070)
$0
$0
$0
$10,914,48
4 $10,914,484
($82,631)
($44,338)
($9,500)
$0
$0
$10,778,015
$10,778,015
$2,446,914
($49,818)
$0
$0
$0
$13,175,111
$13,175,111
$2,406,446
($56,921)
$0
$0
$0
$15,524,636
$15,524,636
$848,704
($62,454)
$0
$0
$0
$16,310,886
$16,310,886
$190,184
($64,009)
$0
$0
$0
$16,437,061
SUPPLEMENTAL ENDOWMENT
Beginning Balance
Total Revenues
Total Expenditures [1]
Ending Balance a
$0
$22,884,461
($22,884,461)
($0)
$784,582
$313,624
($117,686)
$980,519
$980,519
$192,314
($68,894)
$1,103,939
$1,103,939
($526,964)
$203,463
$780,438
$780,438
$361,293
($149,110)
$992,621
$992,621
$228,058
($99,697)
$1,120,982
$1,120,982
($16,465)
($13,505)
$1,091,013
$1,091,013
$319,254
($121,443)
$1,288,823
$1,288,823
$406,033
($160,348)
$1,534,508
$1,534,508
$137,685
($65,325)
$1,606,868
$1,606,868
$28,738
($22,229)
$1,613,377
Changed Circumstances Fund Balance b $8,856,278 $667,959 $732,563 $520,312 $662,597 $752,308 $758,196 $871,323 $1,022,332 $1,077,384 $1,089,084 Total Sup. Endowment Ending Balance a+b $8,856,278 $1,648,478 $1,836,502 $1,300,750 $1,655,218 $1,873,290 $1,849,208 $2,160,146 $2,556,840 $2,684,252 $2,702,461 Total Ending Balance $248,766,936 $21,858,327 $26,970,531 $21,971,353 $24,494,952 $24,269,896 $23,838,597 $28,429,823 $29,650,875 $29,124,833 $29,240,565 [1] Includes transfers to Changed Circumstances subfund.
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Table 4
NBHCP 2022 Fee Update
Cash Flow Summary
TOTAL
1996 - 2053
2016
21 2017
22 2018
23 2019
24 2020
25 2021
26 2022
27 2023
28 2024
29 2025
30 LAND ACQUISITION
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$75,211,004
($59,581,957)
($15,832,426)
$203,379
$0
$0
$2,591,370
$932,591
($24,835)
$0
$0
$0
$3,499,126
$3,499,126
$708,485
($24,596)
$0
$0
$0
$4,183,015
$4,183,015
$157,313
($47,828)
$0
$0
$0
$4,292,500
$4,292,500 $5,898,896
$1,725,045 $5,606,904
($118,649) ($12,775,697)
$0 $1,400,000
$0 $0
$0 $0
$5,898,896 $130,103
$130,103
$367,447
($79,110)
$0
$0
$0
$418,440
$418,440
$1,511,431
($3,019,500)
$3,000,000
$0
$0
$1,910,371
$1,910,371
$635,949
($127,500)
($2,418,821)
$0
$0
$0
$0
$564,117
($127,500)
($436,617)
$0
$0
$0
$0
$564,117
($127,500)
($436,617)
$0
$0
$0
RESTORATION AND ENHANCEMENT
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Ending Balance
$0
$21,241,033
($18,250,750)
($2,829,570)
($160,713)
$0
$1,742,792
$114,452
$0
$0
$0
$1,857,244
$1,857,244
$96,087
$0
$0
$0
$1,953,331
$1,953,331
$91,658
$0
$0
$0
$2,044,989
$2,044,989
$183,396
$0
$0
$0
$2,228,385
$2,228,385
$344,798
$0
$0
$0
$2,573,183
$2,573,183
$86,164
$0
$0
$0
$2,659,347
$2,659,347
$754,777
($135,000)
$0
$0
$3,279,124
$3,279,124
$379,433
($950,000)
$0
$0
$2,708,557
$2,708,557
$355,263
($1,101,600)
$0
$0
$1,962,220
$1,962,220
$332,873
($993,717)
$0
$0
$1,301,376
ADMINISTRATION/O&M
Beginning Balance
Total Revenues
Drawdown on Endowment Fund
Total Expenditures
Transfers To/From Other Funds
City of Sac. Loan for 200-Acre Reserve
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$235,301,242
$6,352,033
($234,011,469)
($7,777,245)
$0
$274,310
($138,870)
$0
$5,900,712
$2,033,101
$0
($2,484,834)
$0
$0
$0
($133,831)
$5,315,148
$5,448,979
$1,416,925
$0
($2,547,516)
$0
$0
$0
($135,745)
$4,182,643
$4,318,388
$1,422,505
$0
($2,648,975)
$0
$0
$0
($136,932)
$2,954,986
$3,091,918
$2,477,708
$0
($2,430,243)
$0
$0
$0
($136,932)
$3,002,451
$3,139,383
$4,664,642
$0
($2,633,856)
$0
$0
$0
($138,870)
$5,031,299
$5,170,169
$2,717,409
$0
($3,490,330)
$0
$0
$0
($138,870)
$4,258,377
$4,397,247
$8,721,579
$0
($3,911,211)
$0
$0
$0
($138,870)
$9,068,745
$9,207,615
$3,962,426
$0
($3,917,052)
$0
$0
$0
($138,870)
$9,114,119
$9,252,989
$3,861,481
$0
($3,974,433)
$0
$0
$0
($138,870)
$9,001,167
$9,140,037
$3,809,936
$0
($4,150,276)
$0
$0
$0
($138,870)
$8,660,827
O&M ENDOWMENT
Beginning Balance
Total Revenues
Total Expenditures
Transfers From Other Funds
Drawdown on Endowment Fund
Balance Adjustments
Ending Balance
$0
$220,845,813
($13,551,132)
$39,197,826
($6,352,033)
($229,815)
$239,910,658
$16,437,061
$1,732,216
($67,250)
$0
$0
$0
$18,102,027
$18,102,027
$3,159,288
($76,729)
$0
$0
$0
$21,184,586
$21,184,586
($417,924)
($81,252)
$0
$0
$0
$20,685,410
$20,685,410
$4,776,864
($89,452)
$0
$0
$0
$25,372,822
$25,372,822
$5,681,362
($98,104)
$0
$0
$0
$30,956,080
$30,956,080
$3,835,193
($79,104)
$0
$0
$1
$34,712,169
$34,712,169
$5,186,182
($127,113)
$0
$0
$2
$39,771,240
$39,771,240
$2,809,512
($146,699)
$0
$0
$0
$42,434,053
$42,434,053
$2,848,833
($156,019)
$0
$0
$0
$45,126,867
$45,126,867
$2,929,617
($165,444)
$0
$0
$0
$47,891,040
SUPPLEMENTAL ENDOWMENT
Beginning Balance
Total Revenues
Total Expenditures [1]
Ending Balance
a
$0
$22,884,461
($22,884,461)
($0)
$1,613,377
$241,683
($107,938)
$1,747,122
$1,747,122
$480,165
($194,883)
$2,032,404
$2,032,404
($90,170)
$21,785
$1,964,019
$1,964,019
$700,575
($302,832)
$2,361,762
$2,361,762
$499,023
($1,613,105)
$1,247,680
$1,247,680
$371,787
($221,169)
$1,398,298
$1,398,298
$480,403
($1,878,700)
$0
$0
$147,587
$1,060,101
$1,207,687
$1,207,687
$248,676
$311,585
$1,767,948
$1,767,948
$268,868
$305,845
$2,342,660
Changed Circumstances Fund Balance b $8,856,278 $1,186,050 $1,368,570 $1,333,750 $1,622,374 $1,823,365 $2,036,675 $902,765 $2,285,409 $2,398,215 $2,514,406 Total Sup. Endowment Ending Balance a+b $8,856,278 $2,933,172 $3,400,973 $3,297,768 $3,984,136 $3,071,044 $3,434,973 $902,765 $3,493,096 $4,166,163 $4,857,067 Total Ending Balance $248,766,936 $31,706,717 $34,904,548 $33,275,653 $40,486,690 $41,761,709 $45,483,306 $54,932,246 $57,749,825 $60,256,416 $62,710,309 [1] Includes transfers to Changed Circumstances subfund.
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 24
Table 4
NBHCP 2022 Fee Update
Cash Flow Summary
TOTAL
1996 - 2053
2026
31 2027
32 2028
33 2029
34 2030
35 2031
36 2032
37 2033
38 2034
39 2035
40 LAND ACQUISITION
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$75,211,004
($59,581,957)
($15,832,426)
$203,379
$0
$0
$0
$987,253
($127,500)
($859,753)
$0
$0
$0
$0
$987,253
($127,500)
($248,192)
$0
$0
$611,561
$611,561
$1,005,600
($519,366)
$0
$0
$0
$1,097,795
$1,097,795
$1,020,187
($917,303)
$0
$0
$0
$1,200,680
$1,200,680
$1,023,274
($917,303)
$0
$0
$0
$1,306,651
$1,306,651
$1,026,453
($917,303)
$0
$0
$0
$1,415,801
$1,415,801
$1,029,727
($917,303)
$0
$0
$0
$1,528,226
$1,528,226
$1,033,100
($917,303)
$0
$0
$0
$1,644,023
$1,644,023
$1,036,574
($917,303)
$0
$0
$0
$1,763,295
$1,763,295
$1,040,152
($917,303)
$0
$0
$0
$1,886,144
RESTORATION AND ENHANCEMENT
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Ending Balance
$0
$21,241,033
($18,250,750)
($2,829,570)
($160,713)
$0
$1,301,376
$518,575
($504,444)
$0
$0
$1,315,506
$1,315,506
$518,999
($504,444)
$0
$0
$1,330,061
$1,330,061
$519,436
($720,739)
$0
$0
$1,128,758
$1,128,758
$513,397
($435,940)
$0
$0
$1,206,215
$1,206,215
$515,720
($435,940)
$0
$0
$1,285,995
$1,285,995
$518,114
($435,940)
$0
$0
$1,368,169
$1,368,169
$520,579
($435,940)
$0
$0
$1,452,808
$1,452,808
$523,118
($435,940)
$0
$0
$1,539,987
$1,539,987
$525,734
($435,940)
$0
$0
$1,629,780
$1,629,780
$528,427
($435,940)
$0
$0
$1,722,268
ADMINISTRATION/O&M
Beginning Balance
Total Revenues
Drawdown on Endowment Fund
Total Expenditures
Transfers To/From Other Funds
City of Sac. Loan for 200-Acre Reserve
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$235,301,242
$6,352,033
($234,011,469)
($7,777,245)
$0
$274,310
($138,870)
$0
$8,799,697
$5,739,802
$0
($4,050,786)
$0
$0
$0
($138,870)
$10,349,842
$10,488,712
$5,760,536
$0
($4,115,060)
$0
$0
$0
($138,870)
$11,995,319
$12,134,189
$5,792,427
$0
($4,267,963)
$0
$0
$0
($138,870)
$13,519,782
$13,658,652
$5,863,277
$0
($4,413,455)
$0
$0
$0
($138,870)
$14,969,60
4 $15,108,474
$5,931,889
$0
($4,548,950)
$0
$0
$0
($138,870)
$16,352,543
$16,491,413
$5,998,494
$0
($4,687,006)
$0
$0
$0
($138,870)
$17,664,031
$17,802,901
$6,062,955
$0
($4,827,700)
$0
$0
$0
($138,870)
$18,899,286
$19,038,156
$6,125,130
$0
($4,981,163)
$0
$0
$0
($138,870)
$20,043,253
$20,182,123
$6,184,566
$0
($5,127,372)
$0
$0
$0
($138,870)
$21,100,447
$21,239,317
$6,241,399
$0
($5,276,465)
$0
$0
$0
($138,870)
$22,065,381
O&M ENDOWMENT
Beginning Balance
Total Revenues
Total Expenditures
Transfers From Other Funds
Drawdown on Endowment Fund
Balance Adjustments
Ending Balance
$0
$220,845,813
($13,551,132)
$39,197,826
($6,352,033)
($229,815)
$239,910,658
$47,891,040
$4,194,536
($175,119)
$0
$0
$0
$51,910,457
$51,910,457
$4,315,118
($189,187)
$0
$0
$0
$56,036,389
$56,036,389
$4,438,896
($203,627)
$0
$0
$0
$60,271,658
$60,271,658
$4,565,954
($218,451)
$0
$0
$0
$64,619,162
$64,619,162
$4,696,379
($233,667)
$0
$0
$0
$69,081,87
4 $69,081,874
$4,830,261
($249,287)
$0
$0
$0
$73,662,848
$73,662,848
$4,967,690
($265,320)
$0
$0
$0
$78,365,218
$78,365,218
$5,108,761
($281,778)
$0
$0
$0
$83,192,201
$83,192,201
$5,253,571
($298,673)
$0
$0
$0
$88,147,099
$88,147,099
$5,402,218
($316,015)
$0
$0
$0
$93,233,302
SUPPLEMENTAL ENDOWMENT
Beginning Balance
Total Revenues
Total Expenditures [1]
Ending Balance
a
$0
$22,884,461
($22,884,461)
($0)
$2,342,660
$397,520
$689,890
$3,430,070
$3,430,070
$434,728
$69,401
$3,934,199
$3,934,199
$454,575
($185,829)
$4,202,945
$4,202,945
$467,503
($192,203)
$4,478,245
$4,478,245
$480,773
($198,762)
$4,760,255
$4,760,255
$494,395
($205,513)
$5,049,137
$5,049,137
$508,378
($212,461)
$5,345,054
$5,345,054
$522,731
($219,611)
$5,648,174
$5,648,174
$537,465
($226,970)
$5,958,669
$5,958,669
$552,589
($234,544)
$6,276,714
Changed Circumstances Fund Balance b $8,856,278 $2,667,270 $2,824,720 $2,986,893 $3,153,932 $3,325,981 $3,503,192 $3,685,720 $3,873,723 $4,067,366 $4,266,819 Total Sup. Endowment Ending Balance a+b $8,856,278 $6,097,340 $6,758,919 $7,189,838 $7,632,176 $8,086,236 $8,552,329 $9,030,774 $9,521,897 $10,026,035 $10,543,532 Total Ending Balance $248,766,936 $69,673,146 $76,732,249 $83,207,832 $89,627,837 $96,113,300 $102,663,179 $109,276,313 $115,941,361 $122,666,656 $129,450,627 [1] Includes transfers to Changed Circumstances subfund.
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 25
Table 4
NBHCP 2022 Fee Update
Cash Flow Summary
TOTAL
1996 - 2053
2036
41 2037
42 2038
43 2039
44 2040
45 2041
46 2042
47 2043
48 2044
49 2045
50 LAND ACQUISITION
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$75,211,004
($59,581,957)
($15,832,426)
$203,379
$0
$0
$1,886,144
$1,043,838
($917,303)
$0
$0
$0
$2,012,679
$2,012,679
$1,047,634
($858,737)
$0
$0
$0
$2,201,576
$2,201,576
$1,053,300
($789,803)
$0
$0
$0
$2,465,073
$2,465,073
$1,061,205
($789,803)
$0
$0
$0
$2,736,476
$2,736,476
$1,069,347
($789,803)
$0
$0
$0
$3,016,021
$3,016,021
$1,077,734
($789,803)
$0
$0
$0
$3,303,953
$3,303,953
$1,086,372
($789,803)
$0
$0
$0
$3,600,522
$3,600,522
$1,095,269
($789,803)
$0
$0
$0
$3,905,988
$3,905,988
$1,104,433
($789,803)
$0
$0
$0
$4,220,618
$4,220,618
$1,113,872
($789,803)
$0
$0
$0
$4,544,687
RESTORATION AND ENHANCEMENT
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Ending Balance
$0
$21,241,033
($18,250,750)
($2,829,570)
($160,713)
$0
$1,722,268
$531,202
($435,940)
$0
$0
$1,817,530
$1,817,530
$534,060
($435,940)
$0
$0
$1,915,650
$1,915,650
$537,004
($435,940)
$0
$0
$2,016,713
$2,016,713
$540,035
($435,940)
$0
$0
$2,120,808
$2,120,808
$543,158
($435,940)
$0
$0
$2,228,027
$2,228,027
$546,375
($435,940)
$0
$0
$2,338,462
$2,338,462
$549,688
($435,940)
$0
$0
$2,452,209
$2,452,209
$553,100
($435,940)
$0
$0
$2,569,370
$2,569,370
$556,615
($435,940)
$0
$0
$2,690,045
$2,690,045
$560,235
($435,940)
$0
$0
$2,814,340
ADMINISTRATION/O&M
Beginning Balance
Total Revenues
Drawdown on Endowment Fund
Total Expenditures
Transfers To/From Other Funds
City of Sac. Loan for 200-Acre Reserve
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$235,301,242
$6,352,033
($234,011,469)
($7,777,245)
$0
$274,310
($138,870)
$0
$22,204,251
$6,295,463
$0
($5,428,526)
$0
$0
$0
($138,870)
$22,932,318
$23,071,188
$6,346,589
$0
($5,583,645)
$0
$0
$0
($138,870)
$23,695,262
$23,834,132
$6,394,594
$0
($5,752,268)
$0
$0
$0
($138,870)
$24,337,588
$24,476,458
$6,438,980
$0
($5,913,781)
$0
$0
$0
($138,870)
$24,862,787
$25,001,657
$6,479,853
$0
($6,078,637)
$0
$0
$0
($138,870)
$25,264,003
$25,402,873
$6,517,007
$0
($6,246,934)
$0
$0
$0
($138,870)
$25,534,076
$25,672,946
$6,550,226
$0
($6,418,776)
$0
$0
$0
($138,870)
$25,665,525
$25,804,395
$6,579,286
$0
($6,604,934)
$0
$0
$0
($138,870)
$25,639,877
$25,778,747
$6,603,633
$0
($6,784,189)
$0
$0
$0
($138,870)
$25,459,321
$25,598,191
$6,623,334
$0
($6,956,947)
$0
$0
$0
($138,870)
$25,125,708
O&M ENDOWMENT
Beginning Balance
Total Revenues
Total Expenditures
Transfers From Other Funds
Drawdown on Endowment Fund
Balance Adjustments
Ending Balance
$0
$220,845,813
($13,551,132)
$39,197,826
($6,352,033)
($229,815)
$239,910,658
$93,233,302
$5,554,804
($333,817)
$0
$0
$0
$98,454,289
$98,454,289
$5,711,433
($352,090)
$0
$0
$0
$103,813,633
$103,813,633
$5,872,214
($370,848)
$0
$0
$0
$109,314,998
$109,314,998
$6,037,255
($390,102)
$0
$0
$0
$114,962,151
$114,962,151
$6,206,669
($409,868)
$0
$0
$0
$120,758,952
$120,758,952
$6,380,573
($430,156)
$0
$0
$0
$126,709,369
$126,709,369
$6,559,086
($450,983)
$0
$0
$0
$132,817,472
$132,817,472
$6,742,329
($472,361)
$0
$0
$0
$139,087,440
$139,087,440
$6,930,428
($494,306)
$0
$0
$0
$145,523,562
$145,523,562
$7,123,511
($516,832)
$0
$0
$0
$152,130,241
SUPPLEMENTAL ENDOWMENT
Beginning Balance
Total Revenues
Total Expenditures [1]
Ending Balance
a
$0
$22,884,461
($22,884,461)
($0)
$6,276,714
$568,114
($242,339)
$6,602,489
$6,602,489
$584,050
($250,361)
$6,936,178
$6,936,178
$600,409
($258,617)
$7,277,969
$7,277,969
$617,201
($267,115)
$7,628,055
$7,628,055
$634,438
($275,860)
$7,986,632
$7,986,632
$652,132
($284,861)
$8,353,903
$8,353,903
$670,295
($294,125)
$8,730,072
$8,730,072
$688,939
($303,659)
$9,115,352
$9,115,352
$708,077
($313,472)
$9,509,957
$9,509,957
$727,722
($323,571)
$9,914,108
Changed Circumstances Fund Balance b $8,856,278 $4,472,255 $4,683,854 $4,901,801 $5,126,287 $5,357,507 $5,595,664 $5,840,966 $6,093,626 $6,353,867 $6,621,914 Total Sup. Endowment Ending Balance a+b $8,856,278 $11,074,743 $11,620,032 $12,179,770 $12,754,342 $13,344,139 $13,949,567 $14,571,038 $15,208,978 $15,863,824 $16,536,023 Total Ending Balance $248,766,936 $136,291,560 $143,246,151 $150,314,143 $157,436,564 $164,611,143 $171,835,426 $179,106,766 $186,411,653 $193,757,369 $201,150,999 [1] Includes transfers to Changed Circumstances subfund.
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Table 4
NBHCP 2022 Fee Update
Cash Flow Summary
TOTAL
1996 - 2053
2046
51 2047
52 2048
53 2049
54 2050
55 2051
56 2052
57 2053
58 LAND ACQUISITION
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$75,211,004
($59,581,957)
($15,832,426)
$203,379
$0
$0
$4,544,687
$1,046,608
($728,214)
$0
$0
$0
$4,863,082
$4,863,082
$988,486
($674,075)
$0
$0
$0
$5,177,493
$5,177,493
$997,918
($674,075)
$0
$0
$0
$5,501,336
$5,501,336
$1,007,634
($674,075)
$0
$0
$0
$5,834,895
$5,834,895
$1,017,640
($674,075)
$0
$0
$0
$6,178,461
$6,178,461
$1,027,947
($328,150)
$0
$0
$0
$6,878,258
$6,878,258
$1,048,941
$0
($7,927,200)
$0
$0
($0)
($0)
$0
$0
$0
$0
$0
($0)
RESTORATION AND ENHANCEMENT
Beginning Balance
Total Revenues
Total Expenditures
Transfers To/From Other Funds
Balance Adjustments
Ending Balance
$0
$21,241,033
($18,250,750)
($2,829,570)
($160,713)
$0
$2,814,340
$526,571
($401,946)
$0
$0
$2,938,965
$2,938,965
$497,438
($372,063)
$0
$0
$3,064,340
$3,064,340
$501,199
($372,063)
$0
$0
$3,193,477
$3,193,477
$505,073
($372,063)
$0
$0
$3,326,487
$3,326,487
$509,064
($372,063)
$0
$0
$3,463,488
$3,463,488
$513,174
($181,126)
$0
$0
$3,795,536
$3,795,536
$523,135
$0
($4,318,671)
$0
$0
$0
$0
$0
$0
$0
$0
ADMINISTRATION/O&M
Beginning Balance
Total Revenues
Drawdown on Endowment Fund
Total Expenditures
Transfers To/From Other Funds
City of Sac. Loan for 200-Acre Reserve
Balance Adjustments
Reserved Amounts
Ending Balance
$0
$235,301,242
$6,352,033
($234,011,469)
($7,777,245)
$0
$274,310
($138,870)
$0
$25,264,578
$6,278,060
$0
($7,118,151)
$0
$0
$0
($138,870)
$24,285,616
$24,424,486
$5,959,220
$0
($7,279,662)
$0
$0
$0
($138,870)
$22,965,175
$23,104,045
$5,941,043
$0
($7,457,467)
$0
$0
$0
($138,870)
$21,448,750
$21,587,620
$5,916,987
$0
($7,628,010)
$0
$0
$0
($138,870)
$19,737,727
$19,876,597
$5,887,093
$0
($7,734,853)
$0
$0
$0
($138,870)
$17,889,967
$18,028,837
$5,842,096
$0
($7,744,826)
$0
$0
$0
($138,870)
$15,987,237
$16,126,107
$5,785,014
$0
($7,734,531)
($14,037,720)
$0
$0
($138,870)
$0
$138,870
$1,382,498
$6,352,033
($7,734,531)
$0
$0
$0
($138,870)
$0
O&M ENDOWMENT
Beginning Balance $0 $152,130,241 $158,696,945 $165,248,625 $171,973,924 $178,877,444 $185,963,907 $193,238,162 $239,912,510 Total Revenues $220,845,813 $7,106,660 $7,114,619 $7,311,170 $7,512,929 $7,720,034 $7,932,628 $8,150,856 $7,197,375 Total Expenditures ($13,551,132) ($539,956) ($562,939) ($585,870) ($609,409) ($633,571) ($658,374) ($683,834) ($847,194) Transfers From Other Funds $39,197,826 $0 $0 $0 $0 $0 $0 $39,207,326 $0 Drawdown on Endowment Fund ($6,352,033) $0 $0 $0 $0 $0 $0 $0 ($6,352,033) Balance Adjustments ($229,815) $0 $0 $0 $0 $0 $0 $0 $0
Ending Balance $239,910,658 $158,696,945 $165,248,625 $171,973,924 $178,877,444 $185,963,907 $193,238,162 $239,912,510 $239,910,658
SUPPLEMENTAL ENDOWMENT
Beginning Balance $0 $9,914,108 $10,314,434 $10,712,470 $11,120,098 $11,537,546 $11,965,042 $12,402,824 $0 Total Revenues $22,884,461 $728,253 $731,103 $751,229 $771,889 $793,096 $814,866 $837,212 $0 Total Expenditures [1] ($22,884,461) ($327,927) ($333,067) ($343,601) ($354,442) ($365,600) ($377,084) ($13,240,036) $0 Ending Balance a ($0) $10,314,434 $10,712,470 $11,120,098 $11,537,546 $11,965,042 $12,402,824 $0 $0 Changed Circumstances Fund Balance b $8,856,278 $6,891,965 $7,164,810 $7,445,840 $7,735,301 $8,033,446 $8,340,535 $8,627,645 $8,856,278 Total Sup. Endowment Ending Balance a+b $8,856,278 $17,206,399 $17,877,280 $18,565,938 $19,272,847 $19,998,488 $20,743,359 $8,627,645 $8,856,278 Total Ending Balance $248,766,936 $207,991,007 $214,332,912 $220,683,426 $227,049,401 $233,494,312 $240,642,553 $248,540,15 4 $248,766,935 cash flow
[1] Includes transfers to Changed Circumstances subfund.
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Table 5
NBHCP 2022 Fee Update
Land Acquisition Cost (2022$)
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Item
Cost per
Acre
Assumed in
Financial
Analysis Notes
In-Basin Lands
Out-of-Basin Lands
.
$32,500
NA
100% Price based on a review and analysis by a real estate appraiser of recent sales transactions and on consultations with landowners and real estate brokers.
Average Land Value $32,500 Assumes all acquisition occurs at the average in-basin land value.
Plus Transaction Costs and Contingency $1,500 Includes pre-acquisition field reconnaissance, surveys, Phase 1 environmental report, legal fees, and closing costs. Transaction costs assumed at 1/2 of total, contingency at 1/2 of total.
Average Land Acquisition Cost per
Acquired Acre
$34,000 Beginning in 2022
Source: The Natomas Basin Conservancy.
land acq assumps
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2022 Fee Update
Table 6 17,500 developable acres; 95% assumed to develop NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land Restoration and Enhancement Assumptions (2022$) 25% marsh, 50% rice, 25% other Estimated Cost Estimated Cost per
Item Per Acquisition Habitat Acre Note
Biological Site Assessment and Pre-Construction Survey
NBHCP Biological Site Assessment $15,000 $150 Per Acquired Acre Baseline Biological site assessments for:
assumes an -Tri-Colored Blackbird
average of 100 -Valley Elderberry Longhorn Beetle
acres per -Delta Tule Pea
acquisition. -Sanford Arrowhead
Assessment for Species Introduction:
-Delta Tule Pea
-California Tiger Salamander
-Western Spadefoot Toad
-Pond Turtle
-Sanford Arrowhead
-Vernal Pool Plant Species,
-Other Covered Plant Species
NBHCP Pre-Construction Survey $12,000 $120 Per Acquired Acre Formal pre-construction site survey for restoration and assumes an enhancement, including:
average of 100 -Assessment of Swainsons Hawk nest disturbance acres per -Assessment of Other Avian Species nest disturbance acquisition. -Assessment of Valley Elderberry Longhorn Beetle Subtotal Biological Site Assess. & Pre- $27,000 $270 per habitat acre Note [1] Construction Survey
Restoration and Enhancement Conversion Costs [2] [3]
Expended at Time Land Is Acquired Use of Land Initial Cost Weighted Cost [5] Marsh 0% $0 $0 Note [2], [3]
Existing Rice 90% $0 $0 Note [3]
Dry Converted to Rice 0% $0 $0 Note [3]
Other Upland 10% $0 $0 Note [3]
Subtotal 100% $0
Expended at Time Land Is Converted
Rice/Other Converted to Marsh 25% $10,000 $2,500 Note [4], [5] Rice Converted to Upland/Other 15% $300 $45 Note [5]
Subtotal Restoration and Enhancement Conversion Costs $2,545 Subtotal of All Restoration and Enhancement Costs per Acre $2,815 Restoration and Enhancement Contingency per Acre (10%) $282 Total Restoration and Enhancement Costs per Acre $3,097 re assumps
Source: The Natomas Basin Conservancy.
[1] A formal biological site assessment and pre-construction survey are required by the Final HCP -- April 2003. [2] Initial marsh land estimated at 0% because TNBC estimates that little to no marsh land is available for acquisition. Rice land will be converted to marsh. [3] Initial costs of all types of habitat land have been set to zero as no initial restoration or enhancement costs are anticipated. [4] Based on estimates from Westervelt Ecological Services, as provided by TNBC staff. Updated in 2021 form $9.000 per acre to $12,000 per acre. [5] The cost of restoration and enhancement is weighted by the percentage of acres assumed to be converted or used for that particular land use.
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2022 Fee Update
Table 7 17,500 developable acres; 95% assumed to develop NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land Admin./Operations and Maintenance Assumptions (2022$) 25% marsh, 50% rice, 25% other Item Amount Notes
Operations and Maintenance Costs
Marsh Operations and Maintenance
Land Maintenance $520.89 per marsh acre Land Maintenance estimated costs of $399,564 (including a 10% contingency) divided by the current habitat size of 767 marsh acres (including supplemental mitigation).
All Habitat Operations and Maintenance
TNBC Costs $62.01 per acre See Table 8
Fixed Assets $19.94 per acre Based on TNBC's inventory of fixed assets (see Table 9) Subtotal All Habitat Acres $81.95 per acre
Select Special Assessments
NCMWC $98.14 per acre See Table 10.
Bureau of Reclamation [1] Water service for Huffman West and Lauppe South Reclamation District #1000 $13.35 per acre See Table 11.
Subtotal $111.49 per acre
Property Taxes for Existing Habitat $81.30 per acre See Table 11.
Preparation of Site Specific Management Plan $160 per acquired acre Based on information from contracts regarding cost of SSMPs prepared to date. For cash flow modeling, applies to 2023 and beyond.
Update of Site Specific Management Plan $25,000 per year Based on expected costs. For cash flow modeling, applies to 2023 and beyond.
Mitigation Monitoring and Adaptive Management
One-Time/Fixed Costs $125,000 in 2027 See Table 13 for detail; ongoing monitoring costs On-Going Monitoring $332,946 per year increase by 3% every 5 years until habitat buildout. Current contract is through 2022, so next increase is in 2023.
Administrative Costs $1,624,034 per year See Table 14.
Endowment Fund Management Fees
First $5 Million of Fund Balance 0.50% of $5 Million See Table A-7 and Table A-8. These annual Remaining Fund Balance 0.35% of Remaining percentages apply to the Endowment and Supplemental Fund Bal. Endowment combined fund balances.
Operations and Maintenance Revenues
Crop Land Leases
Planted Rice Base Acreage $350 per acre Estimate of average revenue per rice acre for 2023+ Other Crops $75 per acre Estimate of average revenue per upland/other acre; revenue on 25% of other/upland acres
Miscellaneous Revenue $25,000 per year
om assumps
Source: The Natomas Basin Conservancy.
[1] Bureau of Reclamation provides water service to the Huffman West and Lauppe South properties at a cost of $6,400 annually. As this cost allocated to all acres is negligible, it has been excluded from this analysis.
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Table 8
NBHCP 2022 Fee Update
Estimated TNBC Operations and Maintenance Annual Costs (2022$) (excludes costs covered by Land Management contract and TNBC costs included in other tables)
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Task Comments
Expenditure
Type
Cost/
Item Items
Total
Cost
Recurrence
Interval
Total
Annual Cost
Water Management
berm maintenance
water-control structure maintenance/repair
water-control structure replacement
pump maintenance
lift pump
well pump
water management operation
water cost
summer water
winter water - farm
winter water - marsh
electricity/fuel for wells
channel and outlet siltation control
reclamation district fee
Subtotal Water Management
Vegetation Management
marsh-plant management
labor
marsh water level management labor
upland-plant management
mowing perimeter
crop protection materials
vegetation management advisor
Subtotal Vegetation Management
Land Management Contract
Land Management Contract
Land Management Contract
Land Management Contract
Land Management Contract
TNBC (see Table 10 -- NCMWC)
TNBC (see Table 10 -- NCMWC)
TNBC (see Table 10 -- NCMWC)
TNBC
TNBC
TNBC (See Table 11)
Land Management Contract
Land Management Contract
Land Management Contract
TNBC
TNBC (see Table 14-Contract)
annual
annual
annual
annual
annual
annual
annual
annual
annual
accrued
annual
annual
annual
annual
annual
annual
$5,000 18 $90,000
$1,100,000
$20,000
1 8
1 $90,000
$137,500
$227,500
$20,000
$20,000
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Table 8
NBHCP 2022 Fee Update
Estimated TNBC Operations and Maintenance Annual Costs (2022$) (excludes costs covered by Land Management contract and TNBC costs included in other tables)
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Task Comments
Expenditure
Type
Cost/
Item Items
Total
Cost
Recurrence
Interval
Total
Annual Cost
Pest Management
pest management (beaver/muskrat/mosquito) TNBC (see Table 14-Contract) muskrat traps Land Management Contract
beaver traps Land Management Contract
labor for beaver and muskrat control Land Management Contract cottonwood/willow protection Land Management Contract
Subtotal Pest Management $0
Agriculture Management (rice and alfalfa farming)
coordination with farmers and grazing tenants TNBC (See Table 14) annual field leveling and cleanup Paid by Farmer annual $0 200 acres $0 2 $0 Subtotal Agricultural Management $0
Hunting Management
manage hunting program TNBC (See Table 14) annual
coordinate with Sacramento Int. Airport TNBC (See Table 14) annual Subtotal Hunting Management $0
Public Access and Interpretation
provide guided tours TNBC (See Table 14) annual $0
prepare handbooks and misc. interpretive TNBC (See Table 14) $0 material
Subtotal Public Access and Interpret. $0
Monitoring
general field-monitoring of veg. and wildlife TNBC (See Table 13) annual $0 site-specific multispecies wildlife survey TNBC (See Table 13) accrued $0 waterfowl activities TNBC (See Table 13) annual $0
prepare reports TNBC (See Table 13) annual $0
general agency coordination TNBC (See Table 13) annual $0 Subtotal Monitoring $0
Adaptive Management
labor to implement changes to various
management practices TNBC (See Table 13) annual $0
Subtotal Adaptive Management $0
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Table 8
NBHCP 2022 Fee Update
Estimated TNBC Operations and Maintenance Annual Costs (2022$) (excludes costs covered by Land Management contract and TNBC costs included in other tables)
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Task Comments
Expenditure
Type
Cost/
Item Items
Total
Cost
Recurrence
Interval
Total
Annual Cost
Miscellaneous
mosquito and vector control [1] TNBC annual $10 2,171 acres $21,700 3 $7,233 site security TNBC (see Table 14-Contract) annual
silva barn security upgrades TNBC accrued $2,523 1 $2,500 15 $167 building repair TNBC annual $10,000 1 $10,000
trash clean-up TNBC annual $5,000 1 $5,000
truck Land Management Contract
atv Land Management Contract
trailer for atv Land Management Contract
hand tools Land Management Contract
backpack sprayer Land Management Contract
weed eater Land Management Contract
fuels and oils Land Management Contract
misc. equipment maintenance Land Management Contract
road maintenance Land Management Contract
access gate and fence maintenance TNBC annual $2,500 1 $2,500 fence maintenance TNBC accrued $10,000 1 $10,000 2 $5,000 signage TNBC annual $500 1 $500
burrowing owl boxes TNBC accrued $180 4 $720 15 $48
insurance TNBC (see Table 14) annual
winter bird management TNBC annual $5,000 5 $1,000
project management/administration/misc.
project coordination (10% of work year) Land Management Contract annual Subtotal Miscellaneous $31,448
Subtotal All Costs $278,948
Contingency 10% $27,895
Total Costs $306,843
Acre Allocation 4,948
Estimated Cost per Acre $62.01
om tnbc
Source: Sopwith Farms and TNBC.
[1] Estimated as $10 per acre on 75% of Sacramento County acres including only marsh and rice acres.
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Table 9
2022 Fee Update
17,500 developable acres; 95% assumed to develop
NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land Estimated TNBC Fixed Asset Annual Costs (2022$) 25% marsh, 50% rice, 25% other Total Annual
Year Recurrence Years Cost Cost Cost
Property Description Acquired Interval [1] Rem. Per Item Items Total Cost (2022$) (2022$) 3% annual inflation
ALG Fencing, gates, signs 2002 20 1 1 $1,131 $2,043 $102 All properties Risers 2007 20 6 $275 5 $1,375 $2,142 $107 All properties Fencing (goat fencing and panels) 2008 15 2 $2,539 $3,841 $256 All properties Fencing 2008 15 2 $4,192 $6,341 $423
All properties Tractor/Mower 2016 10 5 $13,381 $15,977 $1,598 ATKE Gate 2003 20 2 $450 1 $450 $789 $39
ATK Fencing 2018 15 12 $9,500 $10,692 $713
ATK Fencing 2018 15 12 $4,000 $4,502 $300
ATK Post and cable fencing 2019 20 18 $9,500 $10,381 $519 BENN Well - 16" dia. 2006 20 5 $47,160 1 $47,160 $75,678 $3,784 BENN Weir & gasket pipe 2006 20 5 $2,354 1 $2,354 $3,777 $189 BENN Pump - 60 hp @ 100' 2007 20 6 $37,211 1 $37,211 $57,974 $2,899 BENN Water Control Structures and culverts 2007 50 36 $69,138 $107,715 $2,154 BENN Fencing 2008 15 2 $4,880 $7,382 $492
BENN Fencing 2008 15 2 $49,634 $75,076 $5,005
BENN Duck blinds & installation 2008 20 7 $12,010 $18,166 $908 BENN Irrigation supplies - drain line & riser box 2008 20 7 $1,849 $2,797 $140 BKS Fencing 2007 20 6 $11,155 $17,379 $869
BKS Water Control Structures, culverts, pipes and canal gates 2001 50 30 $167,355 $311,330 $6,227 BOLN Gates (incl Dbl Wide) 2005 20 4 1 $4,000 $6,611 $331 BOLN Security Gate 2009 20 8 1 $2,740 $4,024 $201
BOLS Propane Pump 2016 20 15 1 $17,768 $21,215 $1,061
BTS Well & Pump (residential) 2011 20 10 1 $11,500 $15,919 $796 BTS Gate (residential) 2008 20 7 $4,330 $6,550 $327
BTS Fencing - 5-strand BW 2002 20 1 1,340 ft $3,015 $5,445 $272 BTS Fencing 2009 20 8 $12,809 $18,811 $941
CMS 13' Security Gate with Lock Boxes and Hangars 2002 20 1 $450 2 $900 $1,626 $81 CMS Water Control Structures and gates 2004 50 33 $21,401 $36,434 $729 CMS Well & pump (20 hp) 2004 20 3 1 $80,000 $136,195 $6,810 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 34
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Table 9
2022 Fee Update
17,500 developable acres; 95% assumed to develop
NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land Estimated TNBC Fixed Asset Annual Costs (2022$) 25% marsh, 50% rice, 25% other Total Annual
Year Recurrence Years Cost Cost Cost
Property Description Acquired Interval [1] Rem. Per Item Items Total Cost (2022$) (2022$) 3% annual inflation
ELSE Irrigation supplies - riser boxes 2008 20 7 $1,485 $2,246 $112 FRZ Well & pump (50 hp) 2004 20 3 1 $80,000 $136,195 $6,810 FRZ Electrical upgrades 2008 20 7 $3,448 $5,215 $261
KSM Box car bridge 2009 20 8 1 $5,988 $8,793 $440
KSM Fencing 2009 20 8 $2,468 $3,624 $181
KSM Water lift pump, standpipe, pipeline assembly (Pond K) 2001 25 5 $57,753 1 $57,753 $107,438 $4,298 LB2 Water Control Structures and grates 2002 50 31 $59,955 $108,285 $2,166 LB2 21' Custom made Security Gates with Lock Boxes and Hangars 2002 20 1 $450 5 $2,250 $4,064 $203 LUCN Well & pump (75 hp) 2004 20 3 1 $95,000 $161,731 $8,087 LUCN RV electrical hook-up 2008 20 7 $1,240 $1,876 $94
LUCN/FRZ Gates (incl Dbl Wide) 2003 20 2 5 $2,473 $4,336 $217 LUCN/FRZ Water Control Structures and grates 2004 50 33 $50,460 $85,905 $1,718 NAF Well & pump (60 hp) 2001 20 10 1 $95,000 $176,728 $8,836 NAF Bollards around well 2005 50 34 8 $2,237 $3,697 $74 NAF BW Fencing 10-strand * 2005 20 4 4,500 ft $35,821 $59,207 $2,960 NEST Irrigation supplies - drain line, riser box 2008 20 7 $1,786 $2,702 $135 Rosa Fencing - 10-strand BW 2006 20 5 2350 ft. $16,450 $26,397 $1,320 Rosa Gates, signs, painting 2006 20 5 5 $8,155 $13,087 $654 RUR Gate (Dbl Wide) 2003 20 2 $450 2 $900 $1,578 $79
SLLS Gate - 15' wih Lock Boxes and Hangars 2002 20 1 $450 2 $900 $1,626 $81 SLLS Irrigation supplies - drain line & riser box 2008 20 7 $3,302 $4,994 $250 SLV Residential Pump 2017 20 15 1 $8,599 $9,968 $498
SLV Pump (South Line) 2018 20 17 1 $38,000 $42,769 $2,138 SLV Well & Pump (Northern barn - new well & pump) 2006 20 5 1 $78,563 $126,071 $6,304 SLV Ayala culvert crossing labor 2008 20 7 $13,032 $19,712 $986 SLV Ayala culvert crossing - Pipes & risers 2008 20 7 $7,748 $11,719 $586 SLV Pool Q and R culvert 2019 20 18 $8,175 $8,933 $447
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Table 9
2022 Fee Update
17,500 developable acres; 95% assumed to develop
NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land Estimated TNBC Fixed Asset Annual Costs (2022$) 25% marsh, 50% rice, 25% other Total Annual
Year Recurrence Years Cost Cost Cost
Property Description Acquired Interval [1] Rem. Per Item Items Total Cost (2022$) (2022$) 3% annual inflation
SLV Box car bridge 2008 20 7 $9,065 $13,712 $686
SLV Gate (Dbl Wide) 2008 20 7 $5,227 $7,906 $395
SLV Electric Gate 2008 20 7 $8,069 $12,204 $610
SLV Box car bridge 2009 20 8 1 $14,988 $22,010 $1,100
SLV Hand rails for bridges 2009 20 8 $3,109 $4,565 $228 SLV Gates 2003 25 7 $450 6 $2,700 $4,734 $189
SLV Cultivator (S/N # 1658, Model # GSC8, Soil Conditioner) 2008 15 2 $3,488 $5,277 $352 SLV Fencing 2009 20 8 $9,749 $14,317 $716
SOU/NAF Fencing 2007 15 1 0 $776 $1,209 $81
SOU/NAF Fencing 2007 15 1 0 $776 $1,209 $81
SOU/NAF Water Control Structures and grates 2002 50 31 $19,505 $35,228 $705 Various Additional Fixed Assets for Properties Acquired in 2020 2020 1 1 1 $5,000 $5,305 $5,305 TOTAL $1,370,915 $2,253,381 $98,653
Habitat Acres 4,948
Cost per Habitat Acre $19.94
fixed assets
Source: TNBC.
[1] For purpose of establishing a reserve fund, the recurrence interval begins the year after acquisition of the asset.
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2022 Fee Update
Table 10 17,500 developable acres; 95% assumed to develop NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land NCMWC Cost Estimate (2022$) 25% marsh, 50% rice, 25% other Item Formula Percent Rice Marsh Uplands Total
Percentage of Acres a 50% 25% 25%
NCWMC Rate per Acre [1]
Administration Fee per Acre b $ 34.09 $ 34.09 $ 34.09
Standby Service Charge per Acre c $ 57.14 $ 57.14 $ 57.14 Annual Water Toll per Acre d [2] $ 70.22 [2]
Winter Water Rate e [2] $ 18.73 [2]
Total f = b + c + d + e $ 91.24 $ 180.18 $ 91.24
Weighted Average Cost per Acre g = f * a $ 45.62 $ 45.05 $ 22.81 $ 113.47 Protection Against Farmer Default
Direct Farmer Paid Costs - Non-TNBC Costs
Annual Water Toll per Acre [1] [2] h $ 60.86 - -
Winter Water Rate [1] [2] i $ 18.73 - -
Total j = h + i $ 79.58 - -
Assumed Farmer Default k = j * 5% 5% $ 3.98 - -
Weighted Average Default Cost per Acre l = k * a $ 1.99 - - $ 1.99 Total Weighted Average NCMWC Cost per Acre m = g + l $ 47.61 $ 45.05 $ 22.81 $ 115.46 Net Weighted Average Cost per Habitat Acre
Percentage of Acres in NCWMC n 85%
Net Weighted Average Cost per Acre o = m * n $ 40.47 $ 38.29 $ 19.39 $ 98.14 Total Estimated 2022 Cost
2022 Acres [3] p 4,997.4
Total Annual NCMWC Cost q = o * p $ 490,461
ncmwc
Source: NCMWC and TNBC
[1] Rates based on an estimated 3 percent increase from NCMWC 2021 rates. [2] Water toll and winter water rates vary by land usage. It is assumed that the farmer pays the full rate directly for both rice and uplands acreage. Winter water rates reflect NCMWC rice straw decomp rates. [3] Includes supplemental mitigation acres and taxes. Excludes easements (143.1 acres).
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Table 11
NBHCP 2022 Fee Update
Actual and Estimated Propert
y Taxes: Past, Current, and Budget Year
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
General Other
Property Tax Taxes and
Item (1%) Assessments Subtotal RD-1000 Total
(excl. RD-1000)
2020 TAXES - Actual
2019-20 Taxes $ 145,789 $ 65,481 $ 211,270 $ 58,138 $ 269,407 2020-21 Taxes $ 155,212 $ 66,171 $ 221,383 $ 61,403 $ 282,785 Total $ 301,000 $ 131,652 $ 432,652 $ 119,540 $ 552,193 Total Amount Paid in 2020 (half of total) $150,500 $65,826 $ 216,326 $ 59,770 $ 276,096 2021 TAXES - Actual
2020-21 Taxes $ 155,212 $ 66,171 $ 221,383 $ 61,403 $ 282,785 2021-22 Taxes $ 335,855 $ 75,893 $ 411,748 $ 68,625 $ 480,373 Total $ 491,067 $ 142,064 $ 633,131 $ 130,027 $ 763,158 Total Amount Paid in 2021 (half of total) $ 245,534 $ 71,032 $ 316,565 $ 65,014 $ 381,579 2022 TAXES - Estimated
2021-22 Taxes $ 335,855 $ 75,893 $ 411,748 $ 68,625 $ 480,373 Subtotal $ 335,855 $ 75,893 $ 411,748 $ 68,625 $ 480,373 Increase/Contingency (3% on all taxes except RD-1000) [1] $ 5,038 $ 1,138 $ 6,176 $ 0 $ 6,176 Total Estimated 2022 Taxes $ 340,893 $ 77,031 $ 417,924 $ 68,625 $ 486,549 Existing Habitat Acres 5,141 5,141 5,141
2022 Taxes per Acre $ 81.30 $ 13.35 $ 94.65
prop tax annual
[1] Increase on second 2022 payment only; first 2022 payment is determined. Assumes no increase on RD-1000 rate.
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2022 Fee Update
Table 12 17,500 developable acres; 95% assumed to develop NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land Estimated Property Taxes (2022-2053) 25% marsh, 50% rice, 25% other Existing Habitat Future Habitat Total
Value Annual Taxes New Taxes Annual Taxes Annual Taxes
Year Acquired Acres [1] per Acre (2022$) [2] (2022$) (2022$) (2022$) 3% annual inc. 1.3% of total value [3]
from 2023 on
1999-2021 4,948.1
2022 192.5 $ 32,500 $ 417,924 $ 81,319 $ 81,319 $ 499,243 2023 0.0 $ 33,475 $ 417,924 $ 0 $ 81,319 $ 499,243
2024 0.0 $ 34,479 $ 417,924 $ 0 $ 81,319 $ 499,243
2025 0.0 $ 35,514 $ 417,924 $ 0 $ 81,319 $ 499,243
2026 0.0 $ 36,579 $ 417,924 $ 0 $ 81,319 $ 499,243
2027 0.0 $ 37,676 $ 417,924 $ 0 $ 81,319 $ 499,243
2028 76.8 $ 38,807 $ 417,924 $ 38,763 $ 120,082 $ 538,006 2029 154.9 $ 39,971 $ 417,924 $ 80,470 $ 200,552 $ 618,476 2030 154.9 $ 41,170 $ 417,924 $ 82,884 $ 283,436 $ 701,360 2031 154.9 $ 42,405 $ 417,924 $ 85,371 $ 368,807 $ 786,731 2032 154.9 $ 43,677 $ 417,924 $ 87,932 $ 456,739 $ 874,663 2033 154.9 $ 44,988 $ 417,924 $ 90,570 $ 547,309 $ 965,233 2034 154.9 $ 46,337 $ 417,924 $ 93,287 $ 640,596 $ 1,058,521 2035 154.9 $ 47,727 $ 417,924 $ 96,086 $ 736,682 $ 1,154,606 2036 154.9 $ 49,159 $ 417,924 $ 98,968 $ 835,651 $ 1,253,575 2037 154.9 $ 50,634 $ 417,924 $ 101,937 $ 937,588 $ 1,355,512 2038 154.9 $ 52,153 $ 417,924 $ 104,995 $ 1,042,583 $ 1,460,508 2039 154.9 $ 53,718 $ 417,924 $ 108,145 $ 1,150,729 $ 1,568,653 2040 154.9 $ 55,329 $ 417,924 $ 111,390 $ 1,262,118 $ 1,680,043 2041 154.9 $ 56,989 $ 417,924 $ 114,731 $ 1,376,850 $ 1,794,774 2042 154.9 $ 58,699 $ 417,924 $ 118,173 $ 1,495,023 $ 1,912,947 2043 154.9 $ 60,460 $ 417,924 $ 121,719 $ 1,616,742 $ 2,034,666 2044 154.9 $ 62,273 $ 417,924 $ 125,370 $ 1,742,112 $ 2,160,036 2045 154.9 $ 64,142 $ 417,924 $ 129,131 $ 1,871,243 $ 2,289,167 2046 142.8 $ 66,066 $ 417,924 $ 122,633 $ 1,993,877 $ 2,411,801 2047 132.2 $ 68,048 $ 417,924 $ 116,922 $ 2,110,798 $ 2,528,722 2048 132.2 $ 70,089 $ 417,924 $ 120,429 $ 2,231,228 $ 2,649,152 2049 132.2 $ 72,192 $ 417,924 $ 124,042 $ 2,355,270 $ 2,773,194 2050 132.2 $ 74,358 $ 417,924 $ 127,764 $ 2,483,034 $ 2,900,958 2051 64.3 $ 76,588 $ 417,924 $ 64,063 $ 2,547,097 $ 2,965,021 2052 0.0 $ 78,886 $ 417,924 $ 0 $ 2,547,097 $ 2,965,021 2053+ 0.0 $ 81,253 $ 417,924 $ 0 $ 2,547,097 $ 2,965,021 Total 8,585.9 $ 49,361,823
prop taxes
[1] Includes supplemental mitigation acres and taxes.
[2] See Table 11. Excludes RD-1000 assessment.
[3] Includes 1% of value for property taxes and 0.3% for other taxes and assessments on the property tax bill (excl. RD-1000).
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2022 Fee Update
Table 13 17,500 developable acres; 95% assumed to develop NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land Species and Habitat Monitoring Cost Assumptions (2022$) 25% marsh, 50% rice, 25% other Task Amount
Biological Effectiveness Monitoring (ICF International 2018-2022 contract costs) Project Management $18,570
Vegetation Management $19,150
Other Covered Species Monitoring $37,500
Giant Garter Snake Monitoring $73,336
Swainson's Hawk Monitoring $15,080
Draft Annual Report $42,710
Final Annual Report $9,270
Direct Expenses $100,210
Total $315,826
Other Costs
Connectivity -- Assessment $2,400
Connectivity -- O&M $5,000
Adaptive Management -- Periodic Review of NBHCP Monitoring Data $3,600 Adaptive Management -- Report to Review Adaptive Management. $6,120 Total $17,120
Total Species and Habitat Monitoring Costs $332,946
Midpoint Program Reviews [1] $125,000
mon assump
Source: ICF International, TNBC
[1] Includes overall TNBC program review and support for Sutter County and Metro Air Park midpoint reviews. These midpoint reviews are required when development reaches 8,750 acres, which is projected in 2026.
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Table 14
NBHCP 2022 Fee Update
Estimated Administrative Costs
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Annual Cost
Item Percentage 2021 Estimated 2022 Budgeted 2023 - 2053 Administrative Expenses
Staff $536,265 $597,022 $635,119
Benefits and Charges $174,943 $212,470 $212,470
Board Expense $8,000 $8,000 $8,000
Subtotal $719,208 $817,492 $855,589
Office Expenses
Rent $77,000 $78,764 $78,764
Telecommunications $85,000 $75,000 $75,000
Copying and Printing $22,000 $22,000 $22,000
Office Supplies $18,000 $18,000 $18,000
Postage $2,000 $2,000 $2,000
Equipment $25,000 $34,000 $34,000
Auto Expense $25,200 $32,000 $32,000
Subtotal $254,200 $261,764 $261,764
Miscellaneous Expenses
Insurance $65,387 $67,349 $67,349
Accounting $50,000 $50,000 $50,000
Legal $100,000 $100,000 $100,000
Fees and Taxes $26,295 $25,497 $25,497
Subtotal $241,682 $242,846 $242,846
Contract Work
Contract Work, Public Education, and Publications [2] [3] $253,570 $311,570 $186,500 Subtotal Administrative Costs $1,468,660 $1,633,673 $1,546,699 Contingency 5% - $81,684 $77,335
Total Administrative Costs $1,468,660 $1,715,356 $1,624,034 admin assumps
Source: TNBC FY 2022 proposed budget.
[1] For details pertaining to the annual cost values, refer to Table 20. [2] Excludes land management contract amount, which is included in the O&M costs in Table 7 and monitoring contract costs, which are included in Table 13. [3] 2022-2053 contract costs are detailed in Table 15.
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2022 Fee Update
Table 15 17,500 developable acres; 95% assumed to develop NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land Estimated Contract Costs for 2023-2053 25% marsh, 50% rice, 25% other Item [1] Amount
Clean Water Act compliance $10,000
Pest control $15,000
Security $20,000
Finance model update and misc analysis $25,000
Annual Tree Inventory $25,000
Tree Irrigation $10,000
Tree Maintenance $20,000
Surveying $20,000
FSA assistance $5,000
Well testing $5,000
Water quality testing (BTS) $1,500
RRA form assistance $0
Miscellaneous contracts $30,000
Total Contract Costs $186,500
contract
Source: TNBC FY 2022 proposed budget.
[1] Excludes monitoring contract.
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2022 Fee Update
Table 16 17,500 developable acres; 95% assumed to develop NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land Estimated Supplemental Endowment Cost (2022$) 25% marsh, 50% rice, 25% other Item Amount
200-Acre Reserve or Purchase of Final 200 Acres
Total Cost per Acre $32,500
Acres 200
Total Estimated Acquisition Cost $6,500,000
Less Supplemental Endowment Fund Balance in 2021 ($1,398,298) (excluding Changed Circum. portion)
Total Remaining Cost $5,101,702
Remaining Development (acres) [1] 9,070
Total Cost per Developed Acre $563
Total Cost per Habitat Acre $1,125
Changed Circumstance Contingency
Total Cost per Habitat Acre $500
TOTAL COST PER HABITAT ACRE $1,625
se assumps
Source: The Natomas Basin Conservancy and EPS.
[1] Excludes the 875 acres (5% of 17,500 total developable acres) assumed to remain undeveloped.
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2000
2010
2020
2030
2040
2050
TRUE TRUE TRUE TRUE TRUE
2022 Fee Update
Table 17 17,500 developable acres; 95% assumed to develop NBHCP 2022 Fee Update /2 acre of mitigation land per gross acre of developed lan Development Projections 25% marsh, 50% rice, 25% other
City of Metro Sutter Total Cumulative
Year Sacramento Air Park County Unused [3] Acres Acres Actual Acres
1996 30.41 - - - 30.41 30.41
1997 104.90 - - - 104.90 135.30
1998 1,380.36 - - - 1,380.36 1,515.66
1999 1,466.45 - - - 1,466.45 2,982.11
598.07 - - - 598.07 3,580.18
2001 242.60 - - - 242.60 3,822.78
2002 777.81 - - - 777.81 4,600.59
2003 [1] 925.12 116.75 - - 1,041.87 5,642.46
2004 347.74 - - - 347.74 5,990.20
2005 678.39 - - - 678.39 6,668.59
2006 132.19 - - - 132.19 6,800.78
2007 103.15 - - - 103.15 6,903.93
2008 19.11 - - - 19.11 6,923.04
2009 21.08 - - - 21.08 6,944.12
0.32 - - - 0.32 6,944.44
2011 [2] - - 50.00 - 50.00 6,994.44
2012 21.88 - 58.24 - 80.12 7,074.56
2013 - - 0.05 - 0.05 7,074.61
2014 - - - - - 7,074.61
2015 5.65 - - - 5.65 7,080.26
2016 0.25 65.26 - - 65.51 7,145.77
2017 - - - - - 7,145.77
2018 3.24 31.55 - - 34.79 7,180.56
2019 0.48 99.90 - - 100.38 7,280.94
5.79 212.33 - - 218.12 7,499.06
2021 3.63 52.76 - - 56.39 7,555.45
Subtotal 6,868.61 578.55 108.29 - 7,555.45
Projected Acres
2022 8.00 50.00 409.90 - 467.90 8,023.35
2023 50.00 50.00 100.00 (18.47) 181.53 8,204.88
2024 50.00 44.98 100.00 (18.00) 176.98 8,381.86
2025 50.00 44.98 100.00 (18.00) 176.98 8,558.84
2026 50.00 44.98 246.25 (31.51) 309.73 8,868.56
2027 50.00 44.98 246.25 (31.51) 309.73 9,178.29
2028 50.00 44.98 246.25 (31.51) 309.73 9,488.02
2029 50.00 44.98 246.25 (31.51) 309.73 9,797.74
50.00 44.98 246.25 (31.51) 309.73 10,107.47
2031 50.00 44.98 246.25 (31.51) 309.73 10,417.20
2032 50.00 44.98 246.25 (31.51) 309.73 10,726.92
2033 50.00 44.98 246.25 (31.51) 309.73 11,036.65
2034 50.00 44.98 246.25 (31.51) 309.73 11,346.38
2035 50.00 44.98 246.25 (31.51) 309.73 11,656.10
2036 50.00 44.98 246.25 (31.51) 309.73 11,965.83
2037 50.00 44.98 246.25 (31.51) 309.73 12,275.56
2038 50.00 44.98 246.25 (31.51) 309.73 12,585.28
2039 50.00 44.98 246.25 (31.51) 309.73 12,895.01
50.00 44.98 246.25 (31.51) 309.73 13,204.73
2041 50.00 44.98 246.25 (31.51) 309.73 13,514.46
2042 50.00 44.98 246.25 (31.51) 309.73 13,824.19
2043 50.00 44.98 246.25 (31.51) 309.73 14,133.91
2044 50.00 44.98 246.25 (31.51) 309.73 14,443.64
2045 50.00 44.98 246.25 (31.51) 309.73 14,753.37
2046 23.39 44.98 246.25 (29.05) 285.57 15,038.94
2047 - 44.98 246.25 (26.89) 264.34 15,303.28
2048 - 44.98 246.25 (26.89) 264.34 15,567.63
2049 - 44.98 246.25 (26.89) 264.34 15,831.97
- 44.98 246.25 (26.89) 264.34 16,096.31
2051 - 44.98 246.25 (26.89) 264.34 16,360.66
2052 - 44.98 246.25 (26.89) 264.34 16,625.00
Unused [3] - - - 875.00 875.00 17,500.00
Subtotal 1,181.39 1,404.45 7,358.71 - 9,944.55
TOTAL 8,050.00 1,983.00 7,467.00 - 17,500.00
dev
[1] Excludes 200 acres of development required to pay supplemental habitat fees. [2] Acres of development are for SYSCO project, which pre-paid fees in 2005. [3] Includes an allocation of acres deemed unlikely to be developed assumed at 5% of total acres.
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2000
2010
2020
2030
2040
2050
2022 Fee Update
Table 18 17,500 developable acres; 95% assumed to develop NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land Habitat Acquisition Schedule 25% marsh, 50% rice, 25% other Habitat Acres Acquired
Developed Acres Annual Habitat Acres Acquired [1]
Total Annual Habitat Net Annual Required Surplus/
Year Annual Cumulative Acres Adjustments Subtotal Cumulative Habitat (Shortage) [2] Actual Acres
1996 30.41 30.41 0.00 0.00 0.00 0.00 15.20 (15.20)
1997 104.90 135.30 0.00 0.00 0.00 0.00 67.65 (67.65)
1998 1,380.36 1,515.66 0.00 0.00 0.00 0.00 757.83 (757.83) 1999 1,466.45 2,982.11 1,317.69 0.00 1,317.69 1,317.69 1,491.06 (173.37) 598.07 3,580.18 92.60 0.00 92.60 1,410.29 1,790.09 (379.80) 2001 242.60 3,822.78 141.24 0.00 141.24 1,551.53 1,911.39 (359.86) 2002 777.81 4,600.59 692.65 (0.10) 692.55 2,244.08 2,300.30 (56.22) 2003 1,041.87 5,642.46 619.55 (205.76) 413.79 2,657.87 2,821.23 (163.36) 2004 347.74 5,990.20 147.95 0.00 147.95 2,805.82 2,995.10 (189.28) 2005 678.39 6,668.59 395.88 (0.87) 395.00 3,200.82 3,334.29 (133.47) 2006 132.19 6,800.78 770.40 (10.43) 759.97 3,960.79 3,400.39 560.40 2007 103.15 6,903.93 (4.68) 0.00 (4.68) 3,956.11 3,451.97 504.15 2008 19.11 6,923.04 0.00 0.00 0.00 3,956.11 3,461.52 494.59 2009 21.08 6,944.12 (30.01) 0.00 (30.01) 3,926.11 3,472.06 454.05
0.32 6,944.44 0.00 0.00 0.00 3,926.11 3,472.22 453.89
2011 50.00 6,994.44 (41.27) (21.00) (62.27) 3,863.83 3,497.22 366.61 2012 80.12 7,074.56 29.12 0.00 29.12 3,892.95 3,537.28 355.67 2013 0.05 7,074.61 0.00 0.00 0.00 3,892.95 3,537.30 355.65 2014 0.00 7,074.61 0.00 0.00 0.00 3,892.95 3,537.30 355.65 2015 5.65 7,080.26 0.06 0.00 0.06 3,893.01 3,540.13 352.88 2016 65.51 7,145.77 0.00 (5.17) (5.17) 3,887.84 3,572.88 314.96 2017 0.00 7,145.77 0.00 (28.00) (28.00) 3,859.84 3,572.88 286.96 2018 34.79 7,180.56 16.00 (2.04) 13.96 3,873.80 3,590.28 283.52 2019 100.38 7,280.94 0.00 0.00 0.00 3,873.80 3,640.47 233.33 218.12 7,499.06 513.19 0.00 513.19 4,386.99 3,749.53 637.46 2021 56.39 7,555.45 287.71 0.00 287.71 4,674.70 3,777.72 896.98 Subtotal 7,555.45 7,555.45 4,948.08 (273.37) 4,674.70 4,674.70 3,777.72 896.98 Projected Acres
2022 467.90 8,023.35 239.21 (46.74) 192.47 4,867.17 4,011.67 855.50 2023 181.53 8,204.88 0.00 0.00 0.00 4,867.17 4,102.44 764.73 2024 176.98 8,381.86 0.00 0.00 0.00 4,867.17 4,190.93 676.24 2025 176.98 8,558.84 0.00 0.00 0.00 4,867.17 4,279.42 587.75 2026 309.73 8,868.56 0.00 0.00 0.00 4,867.17 4,434.28 432.89 2027 309.73 9,178.29 0.00 0.00 0.00 4,867.17 4,589.15 278.03 2028 309.73 9,488.02 76.84 0.00 76.84 4,944.01 4,744.01 200.00 2029 309.73 9,797.74 154.86 0.00 154.86 5,098.87 4,898.87 200.00 309.73 10,107.47 154.86 0.00 154.86 5,253.73 5,053.73 200.00 2031 309.73 10,417.20 154.86 0.00 154.86 5,408.60 5,208.60 200.00 2032 309.73 10,726.92 154.86 0.00 154.86 5,563.46 5,363.46 200.00 2033 309.73 11,036.65 154.86 0.00 154.86 5,718.32 5,518.32 200.00 2034 309.73 11,346.38 154.86 0.00 154.86 5,873.19 5,673.19 200.00 2035 309.73 11,656.10 154.86 0.00 154.86 6,028.05 5,828.05 200.00 2036 309.73 11,965.83 154.86 0.00 154.86 6,182.91 5,982.91 200.00 2037 309.73 12,275.56 154.86 0.00 154.86 6,337.78 6,137.78 200.00 2038 309.73 12,585.28 154.86 0.00 154.86 6,492.64 6,292.64 200.00 2039 309.73 12,895.01 154.86 0.00 154.86 6,647.50 6,447.50 200.00 309.73 13,204.73 154.86 0.00 154.86 6,802.37 6,602.37 200.00 2041 309.73 13,514.46 154.86 0.00 154.86 6,957.23 6,757.23 200.00 2042 309.73 13,824.19 154.86 0.00 154.86 7,112.09 6,912.09 200.00 2043 309.73 14,133.91 154.86 0.00 154.86 7,266.96 7,066.96 200.00 2044 309.73 14,443.64 154.86 0.00 154.86 7,421.82 7,221.82 200.00 2045 309.73 14,753.37 154.86 0.00 154.86 7,576.68 7,376.68 200.00 2046 285.57 15,038.94 142.79 0.00 142.79 7,719.47 7,519.47 200.00 2047 264.34 15,303.28 132.17 0.00 132.17 7,851.64 7,651.64 200.00 2048 264.34 15,567.63 132.17 0.00 132.17 7,983.81 7,783.81 200.00 2049 264.34 15,831.97 132.17 0.00 132.17 8,115.99 7,915.99 200.00 264.34 16,096.31 132.17 0.00 132.17 8,248.16 8,048.16 200.00 2051 264.34 16,360.66 64.34 0.00 64.34 8,312.50 8,180.33 132.17 2052 264.34 16,625.00 0.00 0.00 0.00 8,312.50 8,312.50 0.00 Unused 875.00 17,500.00 0.00 0.00 0.00 8,312.50 8,750.00 (437.50) Subtotal 9,944.55 17,500.00 3,684.54 (46.74) 3,637.80 8,312.50 8,750.00 (437.50) Total 17,500.00 17,500.00 8,632.61 (320.11) 8,312.50 8,312.50 8,750.00 (437.50) hab acq
[1] Annual and cumulative totals exclude supplemental mitigation. The adjustments are for acres that are required for suppleme ntal mitigation. [2] Includes an adjustment to account for 42.83 acres of habitat land that is reserved or unused for specific future developmen t. This includes
10.72 acres for Opus West, and 32.11 acres for Brookfield.
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Table 19
NBHCP 2022 Fee Update
Habitat Status
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Year
Habitat Properties Acquired
Total
2021
Acres
2020 (end of year) 2021 (end of year) 2022 (end of year) Rice [6] Marsh Other Total Rice [6] Marsh Other Total Rice [6] Marsh Other Total NBHCP Mitigation
Betts/Kismat/Silva 1999
Lucich North [1] 1999
Lucich South [1] 1999
338.7
268.0
351.9
0.0 0.0
315.9
192.5 146.1
247.3 20.7
16.5 19.5
338.7
268.0
351.9
0.0 0.0
315.9
192.5 146.1
247.3 20.7
16.5 19.5
338.7
268.0
351.9
0.0 0.0
144.9
192.5 146.1
247.3 20.7
16.5 190.5
338.7
268.0
351.9
Bennett North 1999
Bennett South 1999
Frazer North 2000
226.7
132.5
92.6 151.9
109.8
0.0 74.2 0.5
22.7 0.0
68.4 24.2
226.7
132.5
92.6 151.9
109.8
0.0 74.2 0.5
22.7 0.0
68.4 24.2
226.7
132.5
92.6 151.9
109.8
0.0 74.2 0.5
22.7 0.0
68.4 24.2
226.7
132.5
92.6 Souza [2] 2001
Natomas Farms [2] 2001
Sills 2002
40.0 55.3
436.4
0.0 0.0
416.4
0.0 40.0
51.7 3.6
0.0 20.0
40.0 55.3
436.4
0.0 0.0
416.4
0.0 40.0
51.7 3.6
0.0 20.0
40.0 55.3
436.4
0.0 0.0
416.4
0.0 40.0
51.7 3.6
0.0 20.0
40.0 55.3
436.4
Cummings [2] 2002
Alleghany [2] 2002
Atkinson 2003
66.8 50.3
199.2
0.0 0.0
149.8
41.0 25.8
0.0 50.3
0.0 49.4
66.8 50.3
199.2
0.0 0.0
149.8
41.0 25.8
0.0 50.3
0.0 49.4
66.8 50.3
199.2
0.0 0.0
149.8
41.0 15.4
0.0 30.4
0.0 32.9
56.4 30.4
182.7
Ruby Ranch [3] 2003
Huffman East 2003
Tufts 2004
91.1 116.7
148.0
91.1 116.7
138.3
0.0 0.0
0.0 0.0
0.0 9.7
91.1 116.7
148.0
91.1 116.7
138.3
0.0 0.0
0.0 0.0
0.0 9.7
91.1 116.7
148.0
91.1 116.7
138.3
0.0 0.0
0.0 0.0
0.0 9.7
91.1 116.7
148.0
Bolen North 2005
Bolen South 2005
Rosa East [3] 2005
113.6
102.4
106.3
104.2
0.0 0.0
0.0 9.4
0.0 102.4
0.0 106.3
113.6
102.4
106.3
104.2
0.0 0.0
0.0 9.4
0.0 102.4
0.0 106.3
113.6
102.4
106.3
104.2
0.0 0.0
0.0 9.4
0.0 102.4
0.0 106.3
113.6
102.4
106.3
Rosa Central [3] 2005
Vestal South 2005
Nestor 2006
100.0
95.0 233.2
0.0 95.0
218.4
0.0 100.0
0.0 0.0
0.0 14.8
100.0
95.0 233.2
0.0 95.0
218.4
0.0 100.0
0.0 0.0
0.0 14.8
100.0
95.0 233.2
0.0 95.0
218.4
0.0 100.0
0.0 0.0
0.0 14.8
100.0
95.0 233.2
Bolen West 2006
Frazer South 2006
Bianchi West 2006
131.9
110.4
110.2
123.5
110.4
110.2
0.0 8.4
0.0 0.0
0.0 0.0
131.9
110.4
110.2
123.5
110.4
110.2
0.0 8.4
0.0 0.0
0.0 0.0
131.9
110.4
110.2
123.5
95.4 110.2
0.0 8.4
15.0 0.0
0.0 0.0
131.9
110.4
110.2
Elsie 2006
Silva South 2012
Richter 2020
158.0
29.1 80.8
150.0
29.1 80.8
0.0 8.0
0.0 0.0
0.0 0.0
158.0
29.1 80.8
150.0
29.1 80.8
0.0 8.0
0.0 0.0
0.0 0.0
158.0
29.1 80.8
150.0
29.1 80.8
0.0 8.0
0.0 0.0
0.0 0.0
158.0
29.1 80.8
Lauppe South 2020
Willey 2020
Paulsen South 2020
Elverta 2021
Lauppe North 2022
AKT Tract 2022
Easements
Sills South-West Border 2005
Sills South-East Border 2005
Bianchi West 2006
Lauppe 2015
Verona 2018/20
Subtotal
Less Supplemental Acres [5]
Total NBHCP Mitigation
171.8
108.1
52.5 287.7
0.0 0.0
12.6 5.2
3.5 0.1
116.0
4,742.3
(67.6)
4,674.7
100.0
108.1
52.5 0.0
0.0 0.0
0.0 0.0
0.0 0.0
116.0
2,888.0
(67.6)
2,820.4
0.0 71.8
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 0.0
0.0 12.6
0.0 5.2
0.0 3.5
0.0 0.1
0.0 0.0
714.3 852.3
0.0 0.0
714.3 852.3
171.8
108.1
52.5 0.0
0.0 0.0
12.6 5.2
3.5 0.1
116.0
4,454.6
(67.6)
4,387.0
100.0
108.1
52.5 287.7
0.0 0.0
0.0 0.0
0.0 0.0
116.0
3,175.7
(67.6)
3,108.1
0.0 71.8
0.0 0.0
0.0 0.0
0 0
0 0
0 0
0.0 12.6
0.0 5.2
0.0 3.5
0.0 0.1
0.0 0.0
714.3 852.3
0.0 0.0
714.3 852.3
171.8
108.1
52.5 287.7
0.0 0.0
12.6 5.2
3.5 0.1
116.0
4,742.3
(67.6)
4,674.7
100.0
108.1
52.5 287.7
166.9
0.0 0.0
0.0 0.0
0.0 116.0
3,156.6
(67.6)
3,088.9
0.0 71.8
0.0 0.0
0.0 0.0
0.0 0.0
0.0 18.5
37.8 16.0
0.0 12.6
0.0 5.2
0.0 3.5
0.0 0.1
0.0 0.0
767.1 1,011.1
0.0 0.0
767.1 1,011.1
171.8
108.1
52.5 287.7
185.4
53.8 12.6
5.2 3.5
0.1 116.0
4,934.7
(67.6)
4,867.1
Supplemental Mitigation
Metro Air Park Mitigation
Huffman East 2003
Huffman West 2003
Bolen West 2006
Other Supplemental Mitigation [5]
Easements
RD1000 @ LUCS 2003
RD1000 @ BENN 2003
Subtotal
19.0 157.8
23.2 67.6
4.6 1.1
273.4
0.0 0.0
23.3 67.6
0.0 0.0
90.9 0.0 19.0
0.0 157.8
0.0 0.0
0.0 0.0
0.0 4.6
0.0 1.1
0.0 182.5
19.0 157.8
23.3 67.6
4.6 1.1
273.4
0.0 0.0
23.3 67.6
0.0 0.0
90.9 0.0 19.0
0.0 157.8
0.0 0.0
0.0 0.0
0.0 4.6
0.0 1.1
0.0 182.5
19.0 157.8
23.3 67.6
4.6 1.1
273.4
0.0 0.0
23.3 67.6
0.0 0.0
90.9 0.0 19.0
0.0 157.8
0.0 0.0
0.0 0.0
0.0 4.6
0.0 1.1
0.0 182.5
19.0 157.8
23.3 67.6
4.6 1.1
273.4
TOTAL MITIGATION 4,948.1 2,911.2 714.3 1,034.8 4,660.4 3,198.9 714.3 1,034.8 4,948.1 3,179.8 767.1 1,193.6 5,140.5 hab stat
[1] Hunting lease assigned to seller of property for extended term as a condition of property sale. [2] Hunting precluded by Sacramento County "No Shoot Zone" ordinance. [3] Not hunted for safety reasons.
[4] Verona property was acquired as an easement in 2018. In 2020, the property converted to standard NBHCP mitigation acres. Total acres are included in the easement total. [5] Supplemental acres in addition to Metro Air Park mitigation and easements, which are not included in the Regular Mitigation section. [6] Fallowed rice is included in the rice column.
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Table 20
NBHCP 2022 Fee Update
TNBC 2022 Budget Proposal
2021 Est.
Amount
2022
Budget Amt Line item
Notes on 2022
Budget Amount
Table in NBHCP Fee
Update Model for 2023+
Source of 2021
Estimated Amount
I. Revenue
$142,310
-
$1,586,568
$234,349
$12,007,479
$1,464,684
Mitigation fees-
Sacramento
Mitigation fees-
Sutter County
Mitigation fees-Metro
Air Park
Assumes 8 acres of development in the City for
which NBHCP fees will be paid. The budgeted fee
amount is calculated based on the proposed 2022
fee per acre. Includes a reduction of 2% to
account for the administration share retained by
the City.
Assumes 409.9 acres of development in Sutter
County for which NBHCP fees will be paid. The
budgeted fee amount is calculated based on the
proposed 2022 fee per acre.
Assumes 50 acres of development for Metro Air
Park. The budgeted fee amount is calculated
based on the proposed 2022 fee per acre.
Table 2: proposed fee per
acre by fee component.
Table 17: annual
development projections.
Table 2: proposed fee per
acre by fee component.
Table 17: annual
development projections.
Table 2: proposed fee per
acre by fee component.
Table 17: annual
Estimated 2021 year-
end budget provided by
TNBC
Estimated 2021 year-
end budget provided by
TNBC
Estimated 2021 year-
end budget provided by
TNBC
development projections.
$0 $50,000 Mitigation Fees -
Other
Additional one-time projects surface from time-to-
time and this is a budgeted project placeholder.
One such project could exceed this amount or no
such funds could be received.
Table A-7: included in
estimated annual fee
revenue.
Estimated 2021 year-
end budget provided by
TNBC
$4,933 $20,000 Investment income-
land acquisition fund
Interest is accrued on investment account
balances. Interest fluctuates periodically, and the
total investment income will vary depending on the
date available funds are used for various
Table A-4: estimated annual
interest earnings
September 2021
Statement of Activities
$10,347 $50,000 Investment income-
admin/o&m fund
expenditures as well as interest rate changes. For
2022, assumes 1.00% of prior year estimated fund
ending balance.
Interest is accrued on investment account
balances. Interest fluctuates periodically, and the
total investment income will vary depending on the
date available funds are used for various
Table A-7: estimated annual
interest earnings
September 2021
Statement of Activities
$6,600 $30,000 Investment income-
restoration and
enhancement fund
expenditures as well as interest rate changes. For
2022, assumes 1.00% of prior year estimated fund
ending balance.
Interest is accrued on investment account
balances. Interest fluctuates periodically, and the
total investment income will vary depending on the
date available funds are used for various
Table A-6: estimated annual
interest earnings
September 2021
Statement of Activities
expenditures as well as interest rate changes. For
2022, assumes 1.00% of prior year estimated fund
ending balance.
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Table 20 Page 2 of 7
NBHCP 2022 Fee Update
TNBC 2022 Budget Proposal
2021 Est.
Amount
2022
Budget Amt Line item
Notes on 2022
Budget Amount
Table in NBHCP Fee
Update Model for 2023+
Source of 2021
Estimated Amount
$3,381,775 $1,020,000 Investment income-
endowment fund
Interest is accrued on investment account
balances. Interest fluctuates periodically, and the
total investment income will vary depending on the
date available funds are used for various
Table A-8: estimated annual
interest earnings
September 2021
Statement of Activities;
multiplied by 12/9 to
include est. for Oct. -
$335,530 $100,000 Investment income-
supplemental
endowment fund
expenditures as well as interest rate changes. For
2022, assumes 3% of prior year estimated fund
ending balance.
Interest is accrued on investment account
balances. Interest fluctuates periodically, and the
total investment income will vary depending on the
date available funds are used for various
Table A-9: estimated annual
interest earnings
Dec.
September 2021
Statement of Activities;
multiplied by 12/9 to
include est. for Oct. -
$951,677 $1,054,737 Farm rent
expenditures as well as interest rate changes. For
2022, assumes 3% of prior year estimated fund
ending balance.
Projected cash rent for farms currently under
contract. Includes hunting revenue.
In future years, rice rent is based on the model
assumptions of $350 per acre on 90% of rice
acres, and rent for other crops is based on $50 per
acre on 25% of upland acres.
Table 7: assumptions for
years after 2022.
Table A-7: estimated annual
rice and upland acres.
Dec.
TNBC estimate based
on actual and projected
revenue through 2021.
$958,252 $623,123 Miscellaneous
income
SAFCA contract payments, and various
reimbursements. Includes farmer reimbursements
and groundwater exchange program with
NCMWC.
Table A-7: estimated annual
income of $15,000.
TNBC estimate based
on actual and projected
revenue through 2021.
$7,377,992 $16,654,371 Total revenue
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Table 20
NBHCP 2022 Fee Update
TNBC 2022 Budget Proposal
2021 Est.
Amount
2022
Budget Amt Line item
Notes on 2022
Budget Amount
Table in NBHCP Fee
Update Model for 2023+
Source of 2021
Estimated Amount
II. Expenditures
Administration
Administrative
$536,265 $597,022 Staff This includes six staff members: Executive Director, Chief Financial Officer, Contracts and
Table 14 TNBC estimate based
on actual and projected
Compliance Manager, Accounting Specialist, cost through 2021.
Office Administrator, Field Services Supervisor
and Field Services Assistant. (Included for
potential salary adjustments is 3%.)
$174,943 $212,470 Benefits and charges Includes statutory wage payments, employment Table 14 TNBC estimate based taxes (Social Security, Medicare, California on actual and projected Unemployment Insurance and Employment cost through 2021.
Training Tax) and benefits. Includes group health
insurance plan that is ACA-compliant at the Silver
level (employer-sponsored high deductible health
insurance plan with a health savings account
including spouse and dependant coverage of 50%;
annual out-of-pocket maximum with participating
providers is approximately $6,500 per individual).
This also includes a health reimbursement plan for
one employee for reimbursement of Medicare &
Medicare Supplement Insurance. The retirement
plan, Simplified Employee Pension-Individual
Retirement Account, involves no on-going liability
to the Conservancy after employee separation and
can be discontinued in any year by action of the
Board. Eligibility for participation in the plan at 13% of gross salary begins after completion of six
months employment.
$8,000 $8,000 Board expense Includes a $100/meeting fee (covers meeting and Table 14 TNBC estimate based Board service expenses). Anticipates 10 Board on actual and projected members for entire year plus committee meetings. cost through 2021.
Includes small amount for miscellaneous Board-
associated expenses.
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Table 20
NBHCP 2022 Fee Update
TNBC 2022 Budget Proposal
2021 Est.
Amount
2022
Budget Amt Line item
Notes on 2022
Budget Amount
Table in NBHCP Fee
Update Model for 2023+
Source of 2021
Estimated Amount
$77,000
$85,000
$78,764
$75,000
Office expense
Office Rent
Telecommunications
Includes basic office space at 2150 River Plaza
Drive, Suite 460 (approx. $6,300 per month plus
expense recoveries for 2,806 square feet).
For basic telecommunications service, including
telephone, internet connection, email, updates to
website for ADA compliance and webhosting.
Table 14
Table 14
Estimated 2021 year-
end budget provided by
TNBC
Estimated 2021 year-
end budget provided by
TNBC
$22,000 $22,000 Copying & printing For oversize photocopying, surveys, aerial photos, associated printing, electronic media, archives and
copies.
Table 14 Estimated 2021 year-
end budget provided by
TNBC
$18,000 $18,000 Office supplies Essential and common office supplies, including publications, subscriptions and membership dues.
Table 14 Estimated 2021 year-
end budget provided by
TNBC
$2,000 $2,000 Postage General postage. Table 14 Estimated 2021 year- end budget provided by
TNBC
$25,000 $34,000 Equipment Basic office equipment and furniture. Table 14 Estimated 2021 year- end budget provided by
TNBC
$25,200 $32,000 Vehicle expense Vehicle allowance and mileage expenses for TNBC staff and Board as needed.
Table 14 Estimated 2021 year-
end budget provided by
TNBC
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Table 20
NBHCP 2022 Fee Update
TNBC 2022 Budget Proposal
2021 Est.
Amount
2022
Budget Amt Line item
Notes on 2022
Budget Amount
Table in NBHCP Fee
Update Model for 2023+
Source of 2021
Estimated Amount
Miscellaneous expense
$65,387 $67,349 Insurance Basic business insurance which includes; Directors & Officers (D&O), general liability, crime,
non-owned/hired auto, pollution, umbrella and
flood insurance on one residential property.
Table 14 Estimated 2021 year-
end budget provided by
TNBC
$50,000 $50,000 Accounting General accounting work and fiscal year-end audit. Table 14 Estimated 2021 year- end budget provided by
TNBC
$100,000 $100,000 Legal General legal work. Table 14 Estimated 2021 year- end budget provided by
TNBC
$26,295
$79,104
$7,859
$25,497
$127,113
$12,610
Fees- Administration
Fund
Fees - Endowment
Fund
Fees - Supp.
Endowment Fund
General corporation fees and investment
management fees.
General corporation fees and investment
management fees.
General corporation fees and investment
management fees.
Table 14
Table A-8
Table A-9
September 2021
Statement of Activities;
multiplied by 12/9 to
include est. for Oct. -
Dec.
September 2021
Statement of Activities;
multiplied by 4/3 to
include est. for one
additional quarterly
payment.
September 2021
Statement of Activities;
multiplied by 4/3 to
include est. for one
additional quarterly
payment.
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Table 20
NBHCP 2022 Fee Update
TNBC 2022 Budget Proposal
2021 Est.
Amount
2022
Budget Amt Line item
Notes on 2022
Budget Amount
Table in NBHCP Fee
Update Model for 2023+
Source of 2021
Estimated Amount
Contract work, monitoring, and contingency
$253,570
$0
$399,564
$315,826
$75,000
$22,000
$311,570
$81,684
$399,564
$315,826
$75,000
$3,000,000
Contract work, public
education,
and publications
Contingency
Land Management
Biological monitoring
SSMP Preparation
and Revision
Mitigation land
Mitigation land
This item includes general contract work, public Table 15 education and publications, including $20,000 for
Clean Water Act compliance, $20,000 for
participation in Basin-wide security services. Also,
includes channel clearing pre-construction design
and engineering on Cummings Bennett North
tracts.
5% contingency on above administrative expense Table 15 items (excluding endowment and supplemental
endowment fees).
This is based on the land management contract Table 7
approved by the Board, including a 10 percent
contingency.
2018-2022 contract amount with ICF International Table 13 plus connectivity and adaptive management.
Pertains exclusively to biological monitoring as
required by the 2003 NBHCP. Amount may
change based on completion and implementation
of the Biological Effectiveness Monitoring
Program.
Estimated amount by TNBC for SSMP. In future Table 7: estimated cost per years, subject to model assumptions. acquired acre.
For 2022 there are no mitigation land purchase
requirements. Most land acquisition is covered by
the "dedication" requirement, so there will be no
direct outlay of cash proposed. Even if the
dedication is not required, because the
Conservancy has 12 months to mitigate fee-paid
land, there is a good deal of fungibility. TNBC
intends to purchase 187.56 acres of mitigation
land in 2022.
Table 5: estimated cost per
acre.
Table 18: estimated annual
acres acquired.
Estimated 2021 year-
end budget provided by
TNBC
No contingency included
for 2021 as 2021 values
are based on spending
through Sept. 2021.
Estimated 2021 year-
end budget provided by
TNBC
2018 contract amount
with ICF International
plus connectivity and
adaptive management.
Estimated 2021 year-
end budget provided by
TNBC
September 2021
Statement of Activities
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Table 20
NBHCP 2022 Fee Update
TNBC 2022 Budget Proposal
2021 Est.
Amount
2022
Budget Amt Line item
Notes on 2022
Budget Amount
Table in NBHCP Fee
Update Model for 2023+
Source of 2021
Estimated Amount
57,110 19,500
City Line of Credit Repayment
City Line of Credit In April 2020, the City of Sacramento approved a Repayment line of credit to be used for the purpose of land acquisition and will be repaid using the land
acquistion portion of fee paid revenues within the
City of Sacramento.
Table A-5: calculation of
ongoing repayments made to
the City of Sacramento.
September 2021
Statement of Activities
Operations
$316,565 $499,243
$414,715 $425,222
$500,000 $481,000
$3,656,403
$0
$7,070,433
$135,000
$3,656,403 $7,205,433
Property taxes This estimate is based on the 2021/22 tax bill for general property taxes and other levies and
includes a 3% increase for the second half of
2022. This figure also includes the amount
assessed for the Sutter County Williamson Act
reductions but excludes RD 1000. 2022 Estimates
include habitat acquisitions and adjustments
anticipated in 2022.
Water -- RD 1000 For RD 1000, the actual 2021/2022 assessment and NCMWC was used to estimate the 2022 costs. No increase was assumed for the second half of 2022.
The Natomas Mutual Water Company’s
assessment rate for 2022 is projected based on an
increase of approximately 3% from the 2021 total
assessment.
Property maintenance General property maintenance items include:
fences, signs, road repair and maintenance, weed
control, and general site repairs.
Subtotal
Restoration and Restoration and enhancement projects scheduled enhancement for 2022 are as follows: pre-marsh converstion permitting and planning on Bennett North (25
acres), Elverta (20 acres), Frazer South (15 acres)
and Nestor (70 acres).
Total expenses
Table 11
Table 10: NCMWC estimated
cost per acre.
Table 11: RD-1000 estimated
cost per acre.
Table A-7: estimated annual
acres including supplemental
mitigation.
Table 8: estimated
operations and maint. cost
per acre.
Table 9: estimated fixed
asset reserve costs per acre.
Table A-7: estimated annual
acres including supplemental
mitigation.
Table 6: estimated costs per
acre
Table A-6: estimated annual
restoration and enhancement
acres.
Property taxes paid in
2018 (one-half of taxes
on 2017/18 property tax
bill plus one-half of the
2018/19 property tax
bill.)
RD-1000: TNBC
estimate based on
actual and projected
costs through 2021.
NCMWC: TNBC
estimate based on
actual and projected
costs through 2021.
Estimated 2021 year-
end budget provided by
TNBC
September 2021
Statement of Activities
budget
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APPENDIX A:
NBHCP Cash Flow Analysis
Table A-1 Cash Flow Summary—Land Acquisition,
Supplemental Endowment, and
Restoration and Enhancement Funds ................ A-1
Table A-2 Cash Flow Summary—Administration/
Operations and Maintenance Fund,
Endowment Fund, and Ending Balances
Summary for All Funds................................... A-2 Table A-3 Land Development and Habitat
Acquisition (6 pages) ..................................... A-3 Table A-4 Land Acquisition Cash Flow (6 pages)............... A-9 Table A-5 City Land Acquisition Line of
Credit (4 pages)........................................... A-15 Table A-6 Restoration and Enhancement
Cash Flow (5 pages) ..................................... A-19 Table A-7 Administration/Operations and
Maintenance Cash Flow (10 pages) .................A-24
Table A-8 O&M Endowment Fund Cash Flow (8 pages).....A-34 Table A-9 Supplemental Endowment Fund
Cash Flow (6 pages) ..................................... A-42
Table A-1
NBHCP 2022 Fee Update
Cash Flow Summary (2022$)
Land Acquisition, Supplemental Endowment, and
Restoration and Enhancement Funds
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Assumes:
0.0% Inflation
3.0% Interest Rate
Item
TOTAL
1996 - 2053 1996 2000 2005 2015 2025 2035 2045 2053
LAND ACQUISITION
Beginning Balance
Less Land Costs
Less Repayment of City LOC
Plus LA Fee Revenue
Plus City Line of Credit
Plus Miscellaneous Income
Plus Interest Earnings
Transfers To/From Other Funds
Plus Adjustment (to balance to 2000 end bal)
Less Designated Amount
Land Trade Proceeds and Legal Settlement
Ending Balance (1)
$0
($57,581,957)
($2,000,000)
$66,600,722
$2,000,000
$2,498
$4,081,793
($15,832,426)
$203,379
$0
$2,525,991
$0
$0
$0
$0
$55,641
$0
$0
$0
$0
$0
$0
$0
$55,641
$750,754
($1,475,112)
$0
$1,220,119
$0
$0
$67,352
$0
$0
$0
$0
$563,113
$418,988
($220,786)
$0
$978,259
$0
$0
$23,751
$100,414
$0
($863,462)
$0
$437,164
$2,532,890
($21,143)
$0
$67,800
$0
$0
$11,823
$0
$0
$0
$0
$2,591,370
$0
$0
($127,500)
$564,117
$0
$0
$0
$0
$0
$0
$0
$436,617
$1,763,295
($789,803)
($127,500)
$987,253
$0
$0
$52,899
$0
$0
$0
$0
$1,886,144
$4,220,618
($789,803)
$0
$987,253
$0
$0
$126,619
$0
$0
$0
$0
$4,544,687
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
SUPPLEMENTAL ENDOWMENT
Beginning Balance
Less Changed Circumstance Fund Amount
Plus Supplemental Endowment Fee Revenue
Plus Interest Earnings
Less Fees and Taxes
Less Transfers
Ending Balance
$0
($8,629,754)
$9,248,207
$13,636,253
($1,330,973)
($12,923,734)
($0)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$558,116
($201,690)
$361,478
$81,658
($14,981)
$0
$784,582
$1,606,868
($11,700)
$3,108
$25,630
($10,529)
$0
$1,613,377
$1,767,948
($116,191)
$143,883
$124,985
($14,582)
$0
$1,906,043
$5,958,669
($199,453)
$251,808
$300,781
($35,091)
$0
$6,276,714
$9,509,957
($268,048)
$251,808
$475,915
($55,523)
$0
$9,914,108
$0
$0
$0
$0
$0
$0
$0
Changed Circumstance Fund Balance [2] $8,856,278 $0 $0 $563,053 $1,089,084 $2,514,406 $4,266,819 $6,621,914 $8,856,278
RESTORATION AND ENHANCEMENT
Beginning Balance
Less Restoration/Enh. Costs
Plus R&E Fee Revenue
Plus Contingency Fee Revenue
Transfers To/From Other Funds
Plus Interest Earnings
Plus adjustment (to balance to 2000 end bal)
Ending Balance
$0
($18,250,750)
$17,506,863
$1,210,683
($2,829,570)
$2,523,488
($160,713)
$0
$0
$0
$4,257
$0
$0
$0
$0
$4,257
$592,246
$0
$132,758
$0
$0
$17,767
($160,713)
$582,058
($20,841)
($40,344)
$643,751
$0
($110,899)
$9,944
$0
$481,611
$1,720,825
$0
$7,272
$0
$0
$14,695
$0
$1,742,792
$1,962,220
($993,717)
$249,096
$24,910
$0
$58,867
$0
$1,301,376
$1,629,780
($435,940)
$435,940
$43,594
$0
$48,893
$0
$1,722,268
$2,690,045
($435,940)
$435,940
$43,594
$0
$80,701
$0
$2,814,340
$0
$0
$0
$0
$0
$0
$0
$0
cf sum1
[1] Balance if contingency fee revenue is not required. [2] Balance if there is no drawdown on the Supplemental Endowment Fund for changed circumstances.
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Table A-2 2022 Fee Update
NBHCP 2022 Fee Update 17,500 developable acres; 95% assumed to develop Assumes:
Cash Flow Summary (2022$) 1/2 acre of mitigation land per gross acre of developed land 0.0% Inflation Administration/Operations and Maintenance Fund, 25% marsh, 50% rice, 25% other 3.0% Interest Rate Endowment Fund, and Ending Balances Summary for All Funds TOTAL
Item 1996 - 2053 1996 2000 2005 2015 2025 2035 2045 2053
ADMINISTRATION/OPERATIONS AND MAINTENANCE
Beginning Balance $0 $0 $1,154,631 $3,443,81 3 $6,009,811 $9,140,03 7 $21,239,317 $25,598,191 $138,870 Less O&M Costs ($234,011,469) $0 ($388,815) ($1,890,845) ($2,425,101) ($4,150,276) ($5,276,465) ($6,956,947) ($7,734,531) Plus Admin/O&M Fee Revenue $160,003,009 $4,561 $474,774 $3,781,296 $62,748 $2,626,384 $4,596,396 $4,596,396 $0 Plus Rice, Other Crop, and Hunting Revenues $45,657,902 $0 $0 $223,860 $803,328 $884,351 $0 $1,233,992 $1,353,332 Plus Interest Earnings/Misc. Income $29,640,331 $0 $34,639 $112,700 $1,449,926 $299,201 $662,180 $792,946 $29,166 Subtotal Revenues $235,301,242 $4,561 $509,413 $4,117,85 6 $2,316,002 $3,809,93 6 $5,258,576 $6,623,334 $1,382,498 Transfers To/From Other Funds ($7,777,245) $0 $0 $10,485 $0 $0 $0 $0 $0 Plus Adjustment (to balance to 2000 end bal) $274,310 $0 $274,310 $0 $0 $0 $0 $0 $0 Less Designated Amount ($138,870) $0 $0 ($267,256) ($133,831) ($138,870) ($138,870) ($138,870) ($138,870) Drawdown on Endowment Fund $6,352,033 $0 $0 $0 $0 $0 $0 $0 $6,352,033 Subtotal of Fund Transfers and Adjustment ($1,289,773) $0 $274,310 ($256,771) ($133,831) ($138,870) ($138,870) ($138,870) $6,213,16 3 Ending Balance $0 $4,561 $1,549,53 9 $5,414,053 $5,766,881 $8,660,82 7 $21,082,558 $25,125,708 $0
ENDOWMENT
Beginning Balance $0 $0 $323,84 6 $5,803,065 $16,310,886 $45,126,867 $88,147,099 $145,523,562 $239,912,510 Less Drawdown on Endowment Fund ($6,352,033) $0 $0 $0 $0 $0 $0 $0 ($6,352,033) Less Expenses ($13,551,132) ($92,534) ($64,009) ($165,444) ($316,015) ($516,832) ($847,194) Plus Endowment Fee Revenue $94,297,250 $2,280 $113,645 $1,964,462 $37,691 $1,575,811 $2,757,805 $2,757,805 $0 Plus Interest Earnings $126,287,216 $0 $26,490 $473,588 $152,493 $1,353,806 $2,644,413 $4,365,707 $7,197,375 Plus Transfers $39,197,826 $0 $0 $0 $0 $0 $0 $0 $0
Plus Adjustment and Other Revenue $31,532 $0 $0 $0 $0 $0 $0 $0 $0 Ending Balance $239,910,658 $2,280 $463,981 $8,148,581 $16,437,061 $47,891,04 0 $93,233,302 $152,130,241 $239,910,65 8
SUMMARY OF FUND ENDING BALANCES
Land Acquisition $0 $55,641 $563,113 $437,16 4 $2,591,370 $436,617 $1,886,14 4 $4,544,687 $0 Supplemental Endowment [1] ($0) $0 $0 $784,582 $1,613,37 7 $1,906,043 $6,276,714 $9,914,108 $0 Changed Circumstance $8,856,278 $0 $0 $563,053 $1,089,08 4 $2,514,406 $4,266,819 $6,621,914 $8,856,278 Restoration and Enhancement $0 $4,257 $582,058 $481,611 $1,742,792 $1,301,37 6 $1,722,268 $2,814,340 $0 Operations and Maintenance $0 $4,561 $1,549,539 $5,414,053 $5,766,881 $8,660,827 $21,082,558 $25,125,708 $0 Endowment $239,910,658 $2,280 $463,981 $8,148,581 $16,437,061 $47,891,04 0 $93,233,302 $152,130,241 $239,910,65 8 COMBINED FUNDS ENDING BALANCE $248,766,93 6 $66,739 $3,158,691 $15,829,04 4 $29,240,565 $62,710,309 $128,467,804 $201,150,999 $248,766,936 cf sum2
[1] Excludes changed circumstance fund amount.
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2022 Fee Update
Table A-3 17,500 developable acres; 95% assumed to develop NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land Land Development and Habitat Acquisition 25% marsh, 50% rice, 25% other Total 1 2 3 4 5 6 7 8
Item Assumptions 1996-2053 1996 1997 1998 1999 2000 2001 2002 2003 Annual Developed Acreage 16,625 30.4 104.9 1,380.4 1,466.5 598.1 242.6 777.8 1,041.9 Cumulative Developed Acreage 17,500 30.4 135.3 1,515.7 2,982.1 3,580.2 3,822.8 4,600.6 5,642.5 Annual Mitigation Requirement 50% 8,312.5 15.2 52.4 690.2 733.2 299.0 121.3 388.9 520.9 Cumulative Mitigation 15.2 67.7 757.8 1,491.1 1,790.1 1,911.4 2,300.3 2,821.2 (Beginning in 2003, 200 surplus acres needed)
Habitat Acquired [1] 8,312.5 0.0 0.0 0.0 1,317.7 92.6 141.2 692.5 413.8 Cumulative Habitat Acreage 0.0 0.0 0.0 1,317.7 1,410.3 1,551.5 2,244.1 2,657.9 Surplus/Shortfall Acquisition -15.2 -67.7 -757.8 -173.4 -379.8 -359.9 -56.2 -163.4 Land Acquisition
Out-of-Basin Lands 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
In-Basin Lands 8,312.5 0.0 0.0 0.0 1,317.7 92.6 141.2 692.5 413.8 Initial Use of Acquired Land
Marsh 0% 0.0 0.0 0.0 0.0 0.0
Rice 90% 988.3 69.5 105.9 519.4 310.3
Other 10% 329.4 23.2 35.3 173.1 103.4
Subtotal 1,317.7 92.6 141.2 692.5 413.8
Conv of Acres/Adj. for Sup Acres Recon. [2]
Marsh 2,040 0.0 0.0 209.0 35.8 372.8
Rice -2,578 0.0 0.0 -434.2 -55.7 -307.3
Other 538 0.0 0.0 225.3 19.9 -65.5
Subtotal 0.0 0.0 0.0 0.0 0.0 0.0
Cumulative Acreage
Marsh 2,078.1 0.0 0.0 209.0 244.7 617.5
Rice 4,156.3 988.3 1,057.7 729.4 1,193.2 1,196.2
Other 2,078.1 329.4 352.6 613.1 806.2 844.2
Subtotal 8,312.6 1,317.7 1,410.3 1,551.5 2,244.1 2,657.9 Cumulative Acreage Percentage
Marsh 25% 0% 0% 13% 11% 23%
Rice 50% 75% 75% 47% 53% 45%
Other 25% 25% 25% 40% 36% 32%
Subtotal
Sources: City of Sacramento and The Natomas Basin Conservancy. [1] NBHCP habitat only. Supplemental mitigation excluded.
Projections of future habitat acquired annually are based on the projected amount of urban development for the year. [2] The acres of rice converted to marsh through 2022 are amounts provided/projected by the Natomas Basin Conservancy.
In each remaining year, these acres are estimated as the number of acres needed to reach and maintain the specified percentage of marsh.
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Table A-3
NBHCP 2022 Fee Update
Land Development and Habitat Acquisition
Item
9 2004
1 0
2005
1 1
2006
1 2
2007
1 3
2008
1 4
2009
1 5
2010
1 6
2011
1 7
2012
1 8
2013
Annual Developed Acreage 347.7 678.4 132.2 103.2 19.1 21.1 0.3 50.0 80.1 0.0 Cumulative Developed Acreage 5,990.2 6,668.6 6,800.8 6,903.9 6,923.0 6,944.1 6,944.4 6,994.4 7,074.6 7,074.6 Annual Mitigation Requirement 173.9 339.2 66.1 51.6 9.6 10.5 0.2 25.0 40.1 0.0 Cumulative Mitigation 2,995.1 3,334.3 3,400.4 3,452.0 3,461.5 3,472.1 3,472.2 3,497.2 3,537.3 3,537.3 (Beginning in 2003, 200 surplus acres needed)
Habitat Acquired [1] 148.0 395.0 760.0 (4.7) 0.0 (30.0) 0.0 (62.3) 29.1 0.0 Cumulative Habitat Acreage 2,805.8 3,200.8 3,960.8 3,956.1 3,956.1 3,926.1 3,926.1 3,863.8 3,893.0 3,893.0 Surplus/Shortfall Acquisition -189.3 -133.5 560.4 504.1 494.6 454.0 453.9 366.6 355.7 355.7 Land Acquisition
Out-of-Basin Lands 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 In-Basin Lands 148.0 395.0 760.0 -4.7 0.0 (30.0) 0.0 -62.3 29.1 0.0 Initial Use of Acquired Land
Marsh 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Rice 111.0 296.1 570.0 -3.5 0.0 (22.5) 0.0 -46.7 29.1 0.0 Other 37.0 98.9 190.0 -1.2 0.0 (7.5) 0.0 -15.6 0.0 0.0
Subtotal 148.0 395.0 760.0 -4.7 0.0 (30.0) 0.0 -62.3 29.1 0.0 Conv of Acres/Adj. for Sup Acres Recon. [2]
Marsh 0.0 40.0 61.1 -5.4 1.0 0.0 0.0 0.0 0.0 0.0
Rice 72.7 -339.6 277.5 -111.7 255.0 -1.4 -245.0 81.4 153.0 0.0 Other -72.7 299.6 -338.6 117.0 -256.0 1.4 245.0 -81.4 -153.0 0.0 Subtotal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cumulative Acreage
Marsh 617.5 657.5 718.7 713.3 714.3 714.3 714.3 714.3 714.3 714.3 Rice 1,379.8 1,336.4 2,183.8 2,068.6 2,323.6 2,299.7 2,054.7 2,089.4 2,271.5 2,271.5 Other 808.4 1,206.9 1,058.3 1,174.2 918.2 912.1 1,157.1 1,060.1 907.1 907.1 Subtotal 2,805.8 3,200.8 3,960.8 3,956.1 3,956.1 3,926.1 3,926.1 3,863.8 3,893.0 3,893.0 Cumulative Acreage Percentage
Marsh 22% 21% 18% 18% 18% 18% 18% 18% 18% 18%
Rice 49% 42% 55% 52% 59% 59% 52% 54% 58% 58%
Other 29% 38% 27% 30% 23% 23% 29% 27% 23% 23%
Subtotal
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Table A-3
NBHCP 2022 Fee Update
Land Development and Habitat Acquisition
Item
19 2014
20 2015
21 2016
22 2017
23 2018
24 2019
25 2020
26 2021
27 2022
28 2023
Annual Developed Acreage 0.0 5.7 65.5 0.0 34.8 100.4 218.1 56.4 467.9 181.5 Cumulative Developed Acreage 7,074.6 7,080.3 7,145.8 7,145.8 7,180.6 7,280.9 7,499.1 7,555.4 8,023.3 8,204.9 Annual Mitigation Requirement 0.0 2.8 32.8 0.0 17.4 50.2 109.1 28.2 234.0 90.8 Cumulative Mitigation 3,537.3 3,540.1 3,572.9 3,572.9 3,590.3 3,640.5 3,749.5 3,777.7 4,011.7 4,102.4 (Beginning in 2003, 200 surplus acres needed)
Habitat Acquired [1] 0.0 0.1 -5.2 -28.0 14.0 0.0 513.2 287.7 192.5 0.0 Cumulative Habitat Acreage 3,893.0 3,893.0 3,887.8 3,859.8 3,873.8 3,873.8 4,387.0 4,674.7 4,867.2 4,867.2 Surplus/Shortfall Acquisition 355.7 352.9 315.0 287.0 283.5 233.3 637.5 897.0 855.5 764.7 Land Acquisition
Out-of-Basin Lands 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 In-Basin Lands 0.0 0.1 -5.2 -28.0 14.0 0.0 513.2 287.7 192.5 0.0 Initial Use of Acquired Land
Marsh 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 37.8 0.0
Rice 0.0 0.0 -3.9 -28.0 14.0 0.0 441.5 287.7 -4.1 0.0
Other 0.0 0.1 -1.3 0.0 0.0 0.0 71.8 0.0 158.8 0.0
Subtotal 0.0 0.1 -5.2 -28.0 14.0 0.0 513.3 287.7 192.4 0.0 Conv of Acres/Adj. for Sup Acres Recon. [2]
Marsh 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 15.0 95.0
Rice 0.0 0.0 125.4 0.0 0.0 0.0 0.0 0.0 -15.0 -95.0
Other 0.0 0.0 -125.4 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Subtotal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cumulative Acreage
Marsh 714.3 714.3 714.3 714.3 714.3 714.3 714.3 714.3 767.1 862.1 Rice 2,271.5 2,271.6 2,393.0 2,365.0 2,379.0 2,379.0 2,820.5 3,108.2 3,089.0 2,994.0 Other 907.1 907.1 780.5 780.5 780.5 780.5 852.3 852.3 1,011.1 1,011.1 Subtotal 3,893.0 3,893.0 3,887.8 3,859.8 3,873.8 3,873.8 4,387.1 4,674.8 4,867.2 4,867.2 Cumulative Acreage Percentage
Marsh 18% 18% 18% 19% 18% 18% 16% 15% 16% 18%
Rice 58% 58% 62% 61% 61% 61% 64% 66% 63% 62%
Other 23% 23% 20% 20% 20% 20% 19% 18% 21% 21%
Subtotal
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Table A-3
NBHCP 2022 Fee Update
Land Development and Habitat Acquisition
Item
29 2024
30 2025
31 2026
32 2027
33 2028
34 2029
35 2030
36 2031
37 2032
Annual Developed Acreage 177.0 177.0 309.7 309.7 309.7 309.7 309.7 309.7 309.7 Cumulative Developed Acreage 8,381.9 8,558.8 8,868.6 9,178.3 9,488.0 9,797.7 10,107.5 10,417.2 10,726.9 Annual Mitigation Requirement 88.5 88.5 154.9 154.9 154.9 154.9 154.9 154.9 154.9 Cumulative Mitigation 4,190.9 4,279.4 4,434.3 4,589.1 4,744.0 4,898.9 5,053.7 5,208.6 5,363.5 (Beginning in 2003, 200 surplus acres needed)
Habitat Acquired [1] 0.0 0.0 0.0 0.0 76.8 154.9 154.9 154.9 154.9 Cumulative Habitat Acreage 4,867.2 4,867.2 4,867.2 4,867.2 4,944.0 5,098.9 5,253.7 5,408.6 5,563.5 Surplus/Shortfall Acquisition 676.2 587.8 432.9 278.0 200.0 200.0 200.0 200.0 200.0 Land Acquisition
Out-of-Basin Lands 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
In-Basin Lands 0.0 0.0 0.0 0.0 76.8 154.9 154.9 154.9 154.9 Initial Use of Acquired Land
Marsh 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Rice 0.0 0.0 0.0 0.0 69.2 139.4 139.4 139.4 139.4
Other 0.0 0.0 0.0 0.0 7.7 15.5 15.5 15.5 15.5
Subtotal 0.0 0.0 0.0 0.0 76.8 154.9 154.9 154.9 154.9
Conv of Acres/Adj. for Sup Acres Recon. [2]
Marsh 110.2 97.6 49.0 49.0 68.2 38.7 38.7 38.7 38.7
Rice -110.2 -156.4 -98.0 -98.0 -128.7 -61.9 -61.9 -61.9 -61.9 Other 0.0 58.8 49.0 49.0 60.5 23.2 23.2 23.2 23.2
Subtotal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cumulative Acreage
Marsh 972.3 1,069.9 1,118.8 1,167.8 1,236.0 1,274.7 1,313.4 1,352.2 1,390.9 Rice 2,883.9 2,727.5 2,629.6 2,531.6 2,472.1 2,549.5 2,626.9 2,704.4 2,781.8 Other 1,011.1 1,069.9 1,118.8 1,167.8 1,236.0 1,274.7 1,313.4 1,352.1 1,390.9 Subtotal 4,867.2 4,867.2 4,867.2 4,867.2 4,944.1 5,098.9 5,253.8 5,408.7 5,563.5 Cumulative Acreage Percentage
Marsh 20% 22% 23% 24% 25% 25% 25% 25% 25%
Rice 59% 56% 54% 52% 50% 50% 50% 50% 50%
Other 21% 22% 23% 24% 25% 25% 25% 25% 25%
Subtotal
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-6
Table A-3
NBHCP 2022 Fee Update
Land Development and Habitat Acquisition
Item
38 2033
39 2034
40 2035
41 2036
42 2037
43 2038
44 2039
45 2040
46 2041
47 2042
Annual Developed Acreage 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 Cumulative Developed Acreage 11,036.6 11,346.4 11,656.1 11,965.8 12,275.6 12,585.3 12,895.0 13,204.7 13,514.5 13,824.2 Annual Mitigation Requirement 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 Cumulative Mitigation 5,518.3 5,673.2 5,828.1 5,982.9 6,137.8 6,292.6 6,447.5 6,602.4 6,757.2 6,912.1 (Beginning in 2003, 200 surplus acres needed)
Habitat Acquired [1] 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 Cumulative Habitat Acreage 5,718.3 5,873.2 6,028.1 6,182.9 6,337.8 6,492.6 6,647.5 6,802.4 6,957.2 7,112.1 Surplus/Shortfall Acquisition 200.0 200.0 200.0 200.0 200.0 200.0 200.0 200.0 200.0 200.0 Land Acquisition
Out-of-Basin Lands 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 In-Basin Lands 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 Initial Use of Acquired Land
Marsh 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Rice 139.4 139.4 139.4 139.4 139.4 139.4 139.4 139.4 139.4 139.4 Other 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 15.5 Subtotal 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 Conv of Acres/Adj. for Sup Acres Recon. [2]
Marsh 38.7 38.7 38.7 38.7 38.7 38.7 38.7 38.7 38.7 38.7 Rice -61.9 -61.9 -61.9 -61.9 -61.9 -61.9 -61.9 -61.9 -61.9 -61.9 Other 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2 Subtotal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cumulative Acreage
Marsh 1,429.6 1,468.3 1,507.0 1,545.7 1,584.4 1,623.2 1,661.9 1,700.6 1,739.3 1,778.0 Rice 2,859.2 2,936.7 3,014.1 3,091.5 3,169.0 3,246.4 3,323.8 3,401.3 3,478.7 3,556.1 Other 1,429.6 1,468.3 1,507.0 1,545.7 1,584.4 1,623.1 1,661.9 1,700.6 1,739.3 1,778.0 Subtotal 5,718.4 5,873.2 6,028.1 6,183.0 6,337.8 6,492.7 6,647.6 6,802.4 6,957.3 7,112.2 Cumulative Acreage Percentage
Marsh 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
Rice 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
Other 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
Subtotal
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-7
Table A-3
NBHCP 2022 Fee Update
Land Development and Habitat Acquisition
48 49 50 51 52 53 54 55 56 57 58
Item 2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053 Annual Developed Acreage 309.7 309.7 309.7 285.6 264.3 264.3 264.3 264.3 264.3 264.3 - Cumulative Developed Acreage 14,133.9 14,443.6 14,753.4 15,038.9 15,303.3 15,567.6 15,832.0 16,096.3 16,360.7 16,625.0 16,625.0 Annual Mitigation Requirement 154.9 154.9 154.9 142.8 132.2 132.2 132.2 132.2 132.2 132.2 0.0 Cumulative Mitigation 7,067.0 7,221.8 7,376.7 7,519.5 7,651.6 7,783.8 7,916.0 8,048.2 8,180.3 8,312.5 8,312.5 (Beginning in 2003, 200 surplus acres needed)
Habitat Acquired [1] 154.9 154.9 154.9 142.8 132.2 132.2 132.2 132.2 64.3 0.0 0.0 Cumulative Habitat Acreage 7,267.0 7,421.8 7,576.7 7,719.5 7,851.6 7,983.8 8,116.0 8,248.2 8,312.5 8,312.5 8,312.5 Surplus/Shortfall Acquisition 200.0 200.0 200.0 200.0 200.0 200.0 200.0 200.0 132.2 0.0 0.0 Land Acquisition
Out-of-Basin Lands 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 In-Basin Lands 154.9 154.9 154.9 142.8 132.2 132.2 132.2 132.2 64.3 0.0 0.0 Initial Use of Acquired Land
Marsh 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Rice 139.4 139.4 139.4 128.5 119.0 119.0 119.0 119.0 57.9 0.0 0.0 Other 15.5 15.5 15.5 14.3 13.2 13.2 13.2 13.2 6.4 0.0 0.0 Subtotal 154.9 154.9 154.9 142.8 132.2 132.2 132.2 132.2 64.3 0.0 0.0 Conv of Acres/Adj. for Sup Acres Recon. [2]
Marsh 38.7 38.7 38.7 35.7 33.0 33.0 33.0 33.0 16.1 0.0 0.0 Rice -61.9 -61.9 -61.9 -57.1 -52.9 -52.9 -52.9 -52.9 -25.7 0.0 0.0 Other 23.2 23.2 23.2 21.4 19.8 19.8 19.8 19.8 9.7 0.0 0.0 Subtotal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Cumulative Acreage
Marsh 1,816.7 1,855.5 1,894.2 1,929.9 1,962.9 1,996.0 2,029.0 2,062.0 2,078.1 2,078.1 2,078.1 Rice 3,633.6 3,711.0 3,788.4 3,859.8 3,925.9 3,992.0 4,058.1 4,124.2 4,156.3 4,156.3 4,156.3 Other 1,816.7 1,855.4 1,894.2 1,929.9 1,962.9 1,995.9 2,029.0 2,062.0 2,078.1 2,078.1 2,078.1 Subtotal 7,267.0 7,421.9 7,576.7 7,719.5 7,851.7 7,983.9 8,116.0 8,248.2 8,312.6 8,312.6 8,312.6 Cumulative Acreage Percentage
Marsh 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
Rice 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
Other 25% 25% 25% 25% 25% 25% 25% 25% 25% 25% 25%
Subtotal
land conv
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-8
Table A-4
NBHCP 2022 Fee Update
Land Acquisition Cash Flow
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Assumes:
0.0% Inflation
3.0% Interest Rate
Item
Assumptions
(for years 2023+)
TOTAL
1996 - 2053
1 1996
2 1997
3 1998
4 1999
5 2000
6 2001
7 2002
8 2003
Developed Acres
Annual Developed Acreage 16,625 30.4 104.9 1,380.4 1,466.5 598.1 242.6 777.8 1,041.9 Cumulative Acres Developed 30.4 135.3 1,515.7 2,982.1 3,580.2 3,822.8 4,600.6 5,642.5 Annual LA Fee Paying Acres (2022 +) 15% 1,360
Mitigation Lands
In-Basin Lands 8,313 0.0 0.0 0.0 1,317.7 92.6 141.2 692.5 413.8 Cumulative Acres Acquired 0.0 0.0 0.0 0.0 0.0
Annual Non-Dedicated Acres (2022 +) 15% 833
CASH FLOW
Beginning Balance $0 $55,641 $247,608 $2,773,665 $750,754 $563,113 $2,225,278 $1,775 Revenues
LA Fee Revenue - Land
LA Fee Revenue - Transaction
LA Fee Revenue - Contingency
Land Trade/Sale Proceeds
Legal Settlement
City Line of Credit
Miscellaneous
Interest Earnings
Total Revenues
$16,250
per dev acre
$375 per dev acre
$375 per dev acre
3% of beg. balance
$59,771,517
$3,428,123
$3,401,082
$2,463,924
$62,067
$2,000,000
$2,498
$4,081,793
$75,211,004
$55,641
$0
$55,641
$191,966
$0
$191,966
$2,526,057
$0
$2,526,057
$2,698,708
$0
$2,698,708
$1,220,119
$67,352
$1,287,471
$3,131,119
$66,951
$3,198,070
$2,557,628
$11,451
$2,569,079
$9,013,687
$59,159
$9,072,846
Costs
Land Cost
Transaction and Contingency Costs
City Line of Credit Repayment
Total Expenditures
$32,500
per habitat acre
$1,500 per habitat acre
See Table A-5
($56,076,733)
($1,505,225)
($2,000,000)
($59,581,957)
$0
$0
$0
$0
$0
$0
$0
$0
$0
($4,759,525)
($165,474)
($4,924,998)
($1,475,112)
$0
($1,475,112)
($1,535,905)
$0
($1,535,905)
($8,854,102)
$0
($8,854,102)
($6,362,501)
($49,465)
($6,411,966)
Transfers/Adjustments
Transfer to/from O&M
Transfer to/from R&E
Transfer to/from Endowment
Sup. Endowment Loan to LA
Adjustment (to bal. to end bal)
Total Transfers/Adjustments
($7,005,640)
($899,586)
($7,927,200)
$0
$203,379
($15,629,047)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$203,379
$203,379
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$3,908,020
$153,500
$0
$0
$0
$4,061,520
($2,428,500)
($153,500)
$0
$0
$0
($2,582,000)
Ending Balance [1]
Undesignated
Designated
$0
$0
$0
$55,641
$55,641
$0
$247,608
$247,608
$0
$2,773,665
$2,773,665
$0
$750,754
$750,754
$0
$563,113
$563,113
$0
$2,225,278
$2,225,278
$0
$1,775
$1,775
$0
$80,655
$80,655
$0
[1] The fund balance is transferred to the Endowment Fund after development ends.
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-9
19
NBHCP 2022 Fee Update
Land Acquisition Cash Flow
9 10 11 12 13 14 15 16 17 18
Item 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Developed Acres
Annual Developed Acreage 347.7 678.4 132.2 103.2 19.1 21.1 0.3 50.0 80.1 0.0 0.0 Cumulative Acres Developed 5,990.2 6,668.6 6,800.8 6,903.9 6,923.0 6,944.1 6,944.4 6,994.4 7,074.6 7,074.6 7,074.6 Annual LA Fee Paying Acres (2022 +)
Mitigation Lands
In-Basin Lands 148.0 395.0 760.0 -4.7 0.0 -30.0 0.0 -62.3 29.1 0.0 0.0 Cumulative Acres Acquired 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 Annual Non-Dedicated Acres (2022 +)
CASH FLOW
Beginning Balance $80,655 $418,988 $1,300,626 $2,943,551 $5,364,276 $5,957,571 $7,519,534 $7,695,627 $9,135,400 $2,513,603 $2,533,581 Revenues
LA Fee Revenue - Land
LA Fee Revenue - Transaction
LA Fee Revenue - Contingency
Land Trade/Sale Proceeds
Legal Settlement
City Line of Credit
Miscellaneous
$465,549 $956,202
$22,057
$3,129,303
$4,984
$155,844
$2,188,925
$0
$0
$0
$62,067
$392,570
$0
$0
$0
$0
$450,333
$0
$0
$1,039,920
$0
$35,970
$0
$0
$0
$0
$125,000
$0
$0
$1,268,160
$0
$1,295,393
$0
$0
$0
$0
$436
$0
$0
$0
$0
$0
$0
$0
$0
$0
Interest Earnings
Total Revenues
$4,015
$469,564
$23,751
$1,002,010
$127,921
$3,418,052
$187,655
$2,438,647
$222,557
$615,127
$159,911
$1,650,164
$140,123
$176,093
$73,613
$1,466,773
$108,287
$1,403,680
$25,182
$25,618
$14,662
$14,662
Costs
Land Cost
Transaction and Contingency Costs
City Line of Credit Repayment
Total Expenditures
$0
($81,231)
($81,231)
($170,214)
($50,572)
($220,786)
($325,146)
($20,461)
($345,607)
$0
($17,922)
($17,922)
$0
($21,832)
($21,832)
$0
($88,201)
($88,201)
$0
$0
$0
$0
($27,000)
($27,000)
$0
($25,477)
($25,477)
$0
$0
$0
$0
($15,353)
($15,353)
Transfers/Adjustments
Transfer to/from O&M
Transfer to/from R&E
Transfer to/from Endowment
Sup. Endowment Loan to LA
Adjustment (to bal. to end bal)
Total Transfers/Adjustments
($50,000)
$0
$0
$0
$0
($50,000)
$0
$100,414
$0
$0
$0
$100,414
($1,429,520)
$0
$0
$0
$0
($1,429,520)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
($7,000,000)
($1,000,000)
$0
$0
$0
($8,000,000)
($5,640)
$0
$0
$0
$0
($5,640)
$0
$0
$0
$0
$0
$0
Ending Balance [1]
Undesignated
Designated
$418,988
$418,988
$0
$1,300,626
$437,164
$863,462
$2,943,551
$2,943,551
$0
$5,364,276
$5,364,276
$0
$5,957,571
$5,957,571
$0
$7,519,534
$7,519,534
$0
$7,695,627
$7,695,627
$0
$9,135,400
$9,135,400
$0
$2,513,603
$2,513,603
$0
$2,533,581
$2,533,581
$0
$2,532,890
$2,532,890
$0
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-10
30
NBHCP 2022 Fee Update
Land Acquisition Cash Flow
20 21 22 23 24 25 26 27 28 29
Item 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Developed Acres
Annual Developed Acreage 5.7 65.5 0.0 34.8 100.4 218.1 56.4 467.9 181.5 177.0 177.0 Cumulative Acres Developed 7,080.3 7,145.8 7,145.8 7,180.6 7,280.9 7,499.1 7,555.4 8,023.3 8,204.9 8,381.9 8,558.8 Annual LA Fee Paying Acres (2022 +) 70.2 27.2 26.5 26.5 Mitigation Lands
In-Basin Lands 0.1 -5.2 -28.0 14.0 0.0 513.2 287.7 192.5 0.0 0.0 0.0 Cumulative Acres Acquired 0.0 0.0 0.0 0.0 0.0 0.0 287.7 316.6 316.6 316.6 316.6 Annual Non-Dedicated Acres (2022 +) 287.7 28.9 0.0 0.0 0.0
CASH FLOW
Beginning Balance $2,532,890 $2,591,370 $3,499,126 $4,183,015 $4,292,500 $5,898,896 $130,103 $418,440 $1,910,371 $0 $0 Revenues
LA Fee Revenue - Land $67,800 $910,200 $672,000 $87,058 $1,579,161 $3,551,144 $362,514 $1,140,506 $442,488 $431,384 $431,384 LA Fee Revenue - Transaction $0 $0 $0 $0 $0 $0 $0 $175,463 $68,075 $66,367 $66,367 LA Fee Revenue - Contingency $0 $0 $0 $0 $0 $0 $0 $175,463 $68,075 $66,367 $66,367 Land Trade/Sale Proceeds $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Legal Settlement $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
City Line of Credit $0 $0 $0 $2,000,000 $0 $0 $0 $0 $0
Miscellaneous $2,498 $0 $0 $0 $0 $0
Interest Earnings $11,823 $22,391 $33,987 $70,255 $145,884 $55,760 $4,933 $20,000 $57,311 $0 $0 Total Revenues $79,623 $932,591 $708,485 $157,313 $1,725,045 $5,606,904 $367,447 $1,511,431 $635,949 $564,117 $564,117 Costs
Land Cost $0 $0 $0 $0 ($71,685)
($12,704,569) ($22,000) ($3,000,000) $0 $0 $0
Transaction and Contingency Costs ($21,143) ($24,835) ($24,596) ($47,828) ($46,964) ($1,672) $0 $0 $0 $0 $0 City Line of Credit Repayment $0 ($69,456) ($57,110) ($19,500) ($127,500) ($127,500) ($127,500) Total Expenditures ($21,143) ($24,835) ($24,596) ($47,828) ($118,649) ($12,775,697) ($79,110) ($3,019,500) ($127,500) ($127,500) ($127,500) Transfers/Adjustments
Transfer to/from O&M $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Transfer to/from R&E $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Transfer to/from Endowment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sup. Endowment Loan to LA $0 $0 $0 $0 $0 $1,400,000 $0 $3,000,000 ($2,418,821) ($436,617) ($436,617) Adjustment (to bal. to end bal) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Transfers/Adjustments $0 $0 $0 $0 $0 $1,400,000 $0 $3,000,000 ($2,418,821) ($436,617) ($436,617) Ending Balance [1] $2,591,370 $3,499,126 $4,183,015 $4,292,500 $5,898,896 $130,103 $418,440 $1,910,371 $0 $0 $0 Undesignated $2,591,370 $3,499,126 $4,183,015 $4,292,500 $5,898,896 $130,103 $418,440 $1,910,371 $0 $0 $0 Designated $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-11
41
NBHCP 2022 Fee Update
Land Acquisition Cash Flow
31 32 33 34 35 36 37 38 39 40
Item 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 Developed Acres
Annual Developed Acreage 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 Cumulative Acres Developed 8,868.6 9,178.3 9,488.0 9,797.7 10,107.5 10,417.2 10,726.9 11,036.6 11,346.4 11,656.1 11,965.8 Annual LA Fee Paying Acres (2022 +) 46.5 46.5 46.5 46.5 46.5 46.5 46.5 46.5 46.5 46.5 46.5 Mitigation Lands
In-Basin Lands 0.0 0.0 76.8 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 Cumulative Acres Acquired 316.6 316.6 328.1 351.3 374.6 397.8 421.0 444.3 467.5 490.7 513.9 Annual Non-Dedicated Acres (2022 +) 0.0 0.0 11.5 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2
CASH FLOW
Beginning Balance $0 $0 $611,561 $1,097,795 $1,200,680 $1,306,651 $1,415,801 $1,528,226 $1,644,023 $1,763,295 $1,886,144 Revenues
LA Fee Revenue - Land $754,958 $754,958 $754,958 $754,958 $754,958 $754,958 $754,958 $754,958 $754,958 $754,958 $754,958 LA Fee Revenue - Transaction $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 LA Fee Revenue - Contingency $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 Land Trade/Sale Proceeds $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Legal Settlement $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
City Line of Credit $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Miscellaneous
Interest Earnings $0 $0 $18,347 $32,934 $36,020 $39,200 $42,474 $45,847 $49,321 $52,899 $56,584 Total Revenues $987,253 $987,253 $1,005,600 $1,020,187 $1,023,274 $1,026,453 $1,029,727 $1,033,100 $1,036,574 $1,040,152 $1,043,838 Costs
Land Cost $0 $0 ($374,578) ($754,958) ($754,958) ($754,958) ($754,958) ($754,958) ($754,958) ($754,958) ($754,958)
Transaction and Contingency Costs $0 $0 ($17,288) ($34,844) ($34,844) ($34,844) ($34,844) ($34,844) ($34,844) ($34,844) ($34,844) City Line of Credit Repayment ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) Total Expenditures ($127,500) ($127,500) ($519,366) ($917,303) ($917,303) ($917,303) ($917,303) ($917,303) ($917,303) ($917,303) ($917,303) Transfers/Adjustments
Transfer to/from O&M $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Transfer to/from R&E $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Transfer to/from Endowment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sup. Endowment Loan to LA ($859,753) ($248,192) $0 $0 $0 $0 $0 $0 $0 $0 $0 Adjustment (to bal. to end bal) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Transfers/Adjustments ($859,753) ($248,192) $0 $0 $0 $0 $0 $0 $0 $0 $0 Ending Balance [1] $0 $611,561 $1,097,795 $1,200,680 $1,306,651 $1,415,801 $1,528,226 $1,644,023 $1,763,295 $1,886,144 $2,012,679 Undesignated $0 $611,561 $1,097,795 $1,200,680 $1,306,651 $1,415,801 $1,528,226 $1,644,023 $1,763,295 $1,886,144 $2,012,679 Designated $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-12
NBHCP 2022 Fee Update
Land Acquisition Cash Flow
Item
42 2037
43 2038
44 2039
45 2040
46 2041
47 2042
48 2043
49 2044
50 2045
51 2046
52 2047
Developed Acres
Annual Developed Acreage 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 285.6 264.3 Cumulative Acres Developed 12,275.6 12,585.3 12,895.0 13,204.7 13,514.5 13,824.2 14,133.9 14,443.6 14,753.4 15,038.9 15,303.3 Annual LA Fee Paying Acres (2022 +) 46.5 46.5 46.5 46.5 46.5 46.5 46.5 46.5 46.5 42.8 39.7 Mitigation Lands
In-Basin Lands 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 154.9 142.8 132.2 Cumulative Acres Acquired 537.2 560.4 583.6 606.9 630.1 653.3 676.5 699.8 723.0 744.4 764.3 Annual Non-Dedicated Acres (2022 +) 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2 21.4 19.8
CASH FLOW
Beginning Balance $2,012,679 $2,201,576 $2,465,073 $2,736,476 $3,016,021 $3,303,953 $3,600,522 $3,905,988 $4,220,618 $4,544,687 $4,863,082 Revenues
LA Fee Revenue - Land $754,958 $754,958 $754,958 $754,958 $754,958 $754,958 $754,958 $754,958 $754,958 $696,087 $644,336 LA Fee Revenue - Transaction $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $107,090 $99,129 LA Fee Revenue - Contingency $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $116,147 $107,090 $99,129
Land Trade/Sale Proceeds $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Legal Settlement $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
City Line of Credit $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Miscellaneous
Interest Earnings $60,380 $66,047 $73,952 $82,094 $90,481 $99,119 $108,016 $117,180 $126,619 $136,341 $145,892 Total Revenues $1,047,634 $1,053,300 $1,061,205 $1,069,347 $1,077,734 $1,086,372 $1,095,269 $1,104,433 $1,113,872 $1,046,608 $988,486 Costs
Land Cost ($754,958) ($754,958) ($754,958) ($754,958) ($754,958) ($754,958) ($754,958) ($754,958) ($754,958) ($696,087) ($644,336) Transaction and Contingency Costs ($34,844) ($34,844) ($34,844) ($34,844) ($34,844) ($34,844) ($34,844) ($34,844) ($34,844) ($32,127) ($29,739) City Line of Credit Repayment ($68,934) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Expenditures ($858,737) ($789,803) ($789,803) ($789,803) ($789,803) ($789,803) ($789,803) ($789,803) ($789,803) ($728,214) ($674,075) Transfers/Adjustments
Transfer to/from O&M $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Transfer to/from R&E $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Transfer to/from Endowment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sup. Endowment Loan to LA $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Adjustment (to bal. to end bal) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Transfers/Adjustments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Ending Balance [1] $2,201,576 $2,465,073 $2,736,476 $3,016,021 $3,303,953 $3,600,522 $3,905,988 $4,220,618 $4,544,687 $4,863,082 $5,177,493 Undesignated $2,201,576 $2,465,073 $2,736,476 $3,016,021 $3,303,953 $3,600,522 $3,905,988 $4,220,618 $4,544,687 $4,863,082 $5,177,493 Designated $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-13
NBHCP 2022 Fee Update
Land Acquisition Cash Flow
53 54 55 56 57 58
Item 2048 2049 2050 2051 2052 2053
Developed Acres
Annual Developed Acreage 264.3 264.3 264.3 264.3 264.3 0.0 Cumulative Acres Developed 15,567.6 15,832.0 16,096.3 16,360.7 16,625.0 16,625.0 Annual LA Fee Paying Acres (2022 +) 39.7 39.7 39.7 39.7 39.7 0.0 Mitigation Lands
In-Basin Lands 132.2 132.2 132.2 64.3 0.0 0.0
Cumulative Acres Acquired 784.1 803.9 823.7 833.4 833.4 833.4 Annual Non-Dedicated Acres (2022 +) 19.8 19.8 19.8 9.7 0.0 0.0
CASH FLOW
Beginning Balance $5,177,493 $5,501,336 $5,834,895 $6,178,461 $6,878,258 $0 Revenues
LA Fee Revenue - Land $644,336 $644,336 $644,336 $644,336 $644,336 $0 LA Fee Revenue - Transaction $99,129 $99,129 $99,129 $99,129 $99,129 $0 LA Fee Revenue - Contingency $99,129 $99,129 $99,129 $99,129 $99,129 $0 Land Trade/Sale Proceeds $0 $0 $0 $0 $0 $0
Legal Settlement $0 $0 $0 $0 $0 $0
City Line of Credit $0 $0 $0 $0 $0 $0
Miscellaneous
Interest Earnings $155,325 $165,040 $175,047 $185,354 $206,348 $0 Total Revenues $997,918 $1,007,634 $1,017,640 $1,027,947 $1,048,941 $0 Costs
Land Cost ($644,336) ($644,336) ($644,336) ($313,673) $0 $0 Transaction and Contingency Costs ($29,739) ($29,739) ($29,739) ($14,477) $0 $0 City Line of Credit Repayment $0 $0 $0 $0 $0 $0
Total Expenditures ($674,075) ($674,075) ($674,075) ($328,150) $0 $0 Transfers/Adjustments
Transfer to/from O&M $0 $0 $0 $0 $0 $0
Transfer to/from R&E $0 $0 $0 $0 $0 $0
Transfer to/from Endowment $0 $0 $0 $0 ($7,927,200) $0
Sup. Endowment Loan to LA $0 $0 $0 $0 $0 $0
Adjustment (to bal. to end bal) $0 $0 $0 $0 $0 $0
Total Transfers/Adjustments $0 $0 $0 $0 ($7,927,200) $0 Ending Balance [1] $5,501,336 $5,834,895 $6,178,461 $6,878,258 $0 $0 Undesignated $5,501,336 $5,834,895 $6,178,461 $6,878,258 $0 $0 Designated $0 $0 $0 $0 $0 $0
dev cost
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-14
Table A-5
NBHCP 2022 Fee Update
City Land Acquisition Line of Credit
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Item
Assumption
2021+
TOTAL
2020 - 2053
1 2020
actual
2 2021
3 2022
4 2023
5 2024
6 2025
7 2026
8 2027
Annual Developed Acreage - City of Sacramento 1,455.1 5.8 3.6 8.0 50.0 50.0 50.0 50.0 50.0 Estimated Land Acquisition Fee Paying Acres 15% 226.3 5.8 3.6 1.2 7.5 7.5 7.5 7.5 7.5 Beginning City LOC Balance $2,000,000 $2,000,000 $1,930,544 $1,873,434 $1,853,934 $1,726,434 $1,598,934 $1,471,434 $1,343,934 Less Land Acquisition Fee Paid to City $17,000 ($2,000,000) ($69,456) ($57,110) ($19,500) ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) Ending City LOC Balance $0 $1,930,544 $1,873,434 $1,853,934 $1,726,434 $1,598,934 $1,471,434 $1,343,934 $1,216,434 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-15
Table A-5
NBHCP 2022 Fee Update
City Land Acquisition Line of Credit
9 1 0 1 1 1 2 1 3 1 4 1 5 1 6 1 7 1 8
Item 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037
Annual Developed Acreage - City of Sacramento 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 Estimated Land Acquisition Fee Paying Acres 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 Beginning City LOC Balance $1,216,434 $1,088,934 $961,434 $833,934 $706,434 $578,934 $451,434 $323,934 $196,434 $68,934 Less Land Acquisition Fee Paid to City ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) ($127,500) ($68,934) Ending City LOC Balance $1,088,934 $961,434 $833,934 $706,434 $578,934 $451,434 $323,934 $196,434 $68,934 $0 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-16
Table A-5
NBHCP 2022 Fee Update
City Land Acquisition Line of Credit
19 20 21 22 23 24 25 26 27 28
Item 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047
Annual Developed Acreage - City of Sacramento 50.0 50.0 50.0 50.0 50.0 50.0 50.0 50.0 23.4 0.0 Estimated Land Acquisition Fee Paying Acres 7.5 7.5 7.5 7.5 7.5 7.5 7.5 7.5 3.5 0.0 Beginning City LOC Balance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Less Land Acquisition Fee Paid to City $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Ending City LOC Balance $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-17
Table A-5
NBHCP 2022 Fee Update
City Land Acquisition Line of Credit
29 30 31 32 33 34
Item 2048 2049 2050 2051 2052 2053
Annual Developed Acreage - City of Sacramento 0.0 0.0 0.0 0.0 264.3 0.0 Estimated Land Acquisition Fee Paying Acres 0.0 0.0 0.0 0.0 39.7 0.0 Beginning City LOC Balance $0 $0 $0 $0 $0 $0
Less Land Acquisition Fee Paid to City $0 $0 $0 $0 $0 $0 Ending City LOC Balance $0 $0 $0 $0 $0 $0
loc
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-18
Table A-6 2022 Fee Update
NBHCP 2022 Fee Update 17,500 developable acres; 95% assumed to develop Assumes:
Restoration and Enhancement Cash Flow 1/2 acre of mitigation land per gross acre of developed land 0.0% Inflation 25% marsh, 50% rice, 25% other 3.0% Interest Rate
Assumptions TOTAL 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Item (for years 2023+) 1996 - 2053 1 2 3 4 5 6 7 8 9 10 Developed Acres
Annual Developed Acreage 16,625.0 30.4 104.9 1,380.4 1,466.5 598.1 242.6 777.8 1,041.9 347.7 678.4 Habitat Acres
Marsh 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Existing Rice 6,734.8 0.00 0.00 0.00 988.27 69.45 105.93 519.41 310.34 110.96 296.10 Other Converted to Rice 0.0 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Other 1,540.0 0.00 0.00 0.00 329.42 23.15 35.31 173.14 103.45 36.99 98.90 Subtotal 8,274.8 0.00 0.00 0.00 1,317.69 92.60 141.24 692.55 413.79 147.95 395.00 Cumulative Acreage 1,317.7 1,410.3 1,551.5 2,244.1 2,657.9 2,805.8 3,200.8 Rice/Other Converted to Marsh 2,040.3 0.00 0.00 0.00 0.00 0.00 208.96 35.78 372.80 0.00 40.00 Cumulative Converted to Marsh 209.0 244.7 617.5 617.5 657.5 Percentage of Year End Total 13.5% 10.9% 23.2% 22.0% 20.5% Rice Converted to Other 1,405.4 - 19.9 - - 299.6
CASH FLOW
Beginning Balance $0 $4,257 $19,070 $292,954 $592,246 $582,058 $268,280 ($12,244) $384,545 ($20,841) Revenues
R&E Fee Revenue [1] $1,408 per dev acre $17,506,863 $4,257 $14,686 $273,311 $290,504 $132,758 $117,416 $353,639 $1,111,045 $326,875 $643,751 Contingency Fee Revenue $141 per dev acre $1,210,683 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Interest Earnings 3% of beg. balance $2,523,488 $0 $128 $572 $8,789 $17,767 $29,228 $9,378 $12,426 $7,525 $9,944 Total Revenues $21,241,033 $4,257 $14,814 $273,883 $299,292 $150,525 $146,644 $363,017 $1,123,471 $334,400 $653,695 Costs
Development Costs
Rice/Other Converted to Marsh $10,000 per conv. Acre ($16,812,085) $0 $0 $0 $0 $0 ($909,712) ($484,072) ($880,182) ($739,786) ($40,344) Rice Converted to Other $300 per conv.. acre ($222,717) $0 $0 $0 $0 $0 $0 ($5,969) $0 $0 $0 Biological Site Assessment $270 per hab. acre ($1,215,949) $0 $0 $0 $0 $0 ($150,710) $0 $0 $0 $0 Total Expenditures ($18,250,750) $0 $0 $0 $0 $0 ($1,060,422) ($490,041) ($880,182) ($739,786) ($40,344) Transfers/Adjustments
Transfer to/from O&M/Admin. Fund $589,515 $0 $0 $0 $0 $0 $600,000 $0 $0 $0 ($10,485) Transfer to/from Land Acquisition Fund $899,586 $0 $0 $0 $0 $0 $0 ($153,500) $153,500 $0 ($100,414) Transfer to/from Endowment Fund ($4,318,671) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Adjustment (to bal. to 2000 end bal) ($160,713) $0 $0 $0 $0 ($160,713) $0 $0 $0 $0 $0 Total Transfers/Adjustments ($2,990,283) $0 $0 $0 $0 ($160,713) $600,000 ($153,500) $153,500 $0 ($110,899) Ending Balance [2] $0 $4,257 $19,070 $292,954 $592,246 $582,058 $268,280 ($12,244) $384,545 ($20,841) $481,611 Undesignated $0 $4,257 $19,070 $292,954 $592,246 $582,058 $268,280 ($12,244) $384,545 ($20,841) $481,611 Designated $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
[1] The 2013 amount represents Metro Air Park catch-up fees from 2006. [2] The fund balance is transferred to the Endowment Fund after development ends.
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-19
Table A-6
NBHCP 2022 Fee Update
Restoration and Enhancement Cash Flo
w
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Item 11 12 13 14 15 16 17 18 19 20 21 22
Developed Acres
Annual Developed Acreage 132.2 103.2 19.1 21.1 0.3 50.0 80.1 0.0 0.0 5.7 65.5 0.0 Habitat Acres
Marsh 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Existing Rice 569.98 (3.51) 0.00 (22.51) 0.00 (46.70) 29.12 0.00 0.00 0.04 (3.88) (28.00) Other Converted to Rice 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Other 189.99 (1.17) 0.00 (7.50) 0.00 (15.57) 0.00 0.00 0.00 0.06 (1.29) 0.00 Subtotal 759.97 (4.68) 0.00 (30.01) 0.00 (62.27) 29.12 0.00 0.00 0.10 (5.17) (28.00) Cumulative Acreage 3,960.8 3,956.1 3,956.1 3,926.1 3,926.1 3,863.8 3,893.0 3,893.0 3,893.0 3,893.1 3,887.9 3,859.9 Rice/Other Converted to Marsh 61.14 (5.38) 1.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 Cumulative Converted to Marsh 718.7 713.3 714.3 714.3 714.3 714.3 714.3 714.3 714.3 714.3 714.3 714.3 Percentage of Year End Total 18.1% 18.0% 18.1% 18.2% 18.2% 18.5% 18.3% 18.3% 18.3% 18.3% 18.4% 18.5% Rice Converted to Other - 117.0 - 1.4 245.0 - - - - - - -
CASH FLOW
Beginning Balance $481,611 $683,244 $351,236 $338,827 $375,510 $385,187 $409,628 $1,615,601 $1,701,798 $1,720,825 $1,742,792 $1,857,244 Revenues
R&E Fee Revenue [1] $178,841 $146,005 $24,153 $28,146 $2,457 $21,150 $189,842 $71,482 $0 $7,272 $97,620 $73,416 Contingency Fee Revenue $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Interest Earnings $23,272 $119,600 $13,072 $8,537 $7,220 $3,291 $16,131 $14,715 $19,027 $14,695 $16,832 $22,671 Total Revenues $202,113 $265,605 $37,225 $36,683 $9,677 $24,441 $205,973 $86,197 $19,027 $21,967 $114,452 $96,087 Costs
Development Costs
Rice/Other Converted to Marsh ($480) ($597,613) ($49,634) $0 $0 $0 $0 $0 $0 $0 $0 $0 Rice Converted to Other $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Biological Site Assessment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Expenditures ($480) ($597,613) ($49,634) $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfers/Adjustments
Transfer to/from O&M/Admin. Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to/from Land Acquisition Fund $0 $0 $0 $0 $0 $0 $1,000,000 $0 $0 $0 $0 $0 Transfer to/from Endowment Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Adjustment (to bal. to 2000 end bal) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Transfers/Adjustments $0 $0 $0 $0 $0 $0 $1,000,000 $0 $0 $0 $0 $0 Ending Balance [2] $683,244 $351,236 $338,827 $375,510 $385,187 $409,628 $1,615,601 $1,701,798 $1,720,825 $1,742,792 $1,857,244 $1,953,331 Undesignated $683,244 $351,236 $338,827 $375,510 $385,187 $409,628 $1,615,601 $1,701,798 $1,720,825 $1,742,792 $1,857,244 $1,953,331 Designated $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-20
Table A-6
NBHCP 2022 Fee Update
Restoration and Enhancement Cash Flo
w
2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 Item 23 24 25 26 27 28 29 30 31 32 33 34
Developed Acres
Annual Developed Acreage 34.8 100.4 218.1 56.4 467.9 181.5 177.0 177.0 309.7 309.7 309.7 309.7 Habitat Acres
Marsh 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Existing Rice 13.96 0.00 441.45 287.71 (4.12) 0.00 0.00 0.00 0.00 0.00 69.15 139.38 Other Converted to Rice 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Other 0.00 0.00 71.84 0.00 158.77 0.00 0.00 0.00 0.00 0.00 7.68 15.49 Subtotal 13.96 0.00 513.29 287.71 154.65 0.00 0.00 0.00 0.00 0.00 76.84 154.86 Cumulative Acreage 3,873.8 3,873.8 4,387.1 4,674.8 4,829.5 4,829.5 4,829.5 4,829.5 4,829.5 4,829.5 4,906.3 5,061.2 Rice/Other Converted to Marsh 0.00 0.00 0.00 0.00 15.00 95.00 110.16 97.61 48.98 48.98 68.18 38.72 Cumulative Converted to Marsh 714.3 714.3 714.3 714.3 729.3 824.3 934. 5 1,032.1 1,081.1 1,130.0 1,198.2 1,236.9 Percentage of Year End Total 18.4% 18.4% 16.3% 15.3% 15.1% 17.1% 19.3% 21.4% 22.4% 23.4% 24.4% 24.4% Rice Converted to Other - - - - - - - 58.8 49.0 49.0 60.5 23.2
CASH FLOW
Beginning Balance $1,953,331 $2,044,989 $2,228,385 $2,573,183 $2,659,347 $3,279,124 $2,708,557 $1,962,220 $1,301,376 $1,315,506 $1,330,061 $1,128,758 Revenues
R&E Fee Revenue [1] $48,288 $131,596 $307,188 $79,564 $724,777 $255,508 $249,096 $249,096 $435,940 $435,940 $435,940 $435,940 Contingency Fee Revenue $0 $0 $0 $0 $0 $25,551 $24,910 $24,910 $43,594 $43,594 $43,594 $43,594 Interest Earnings $43,370 $51,800 $37,610 $6,600 $30,000 $98,374 $81,257 $58,867 $39,041 $39,465 $39,902 $33,863 Total Revenues $91,658 $183,396 $344,798 $86,164 $754,777 $379,433 $355,263 $332,873 $518,575 $518,999 $519,436 $513,397 Costs
Development Costs
Rice/Other Converted to Marsh $0 $0 $0 $0 $0 ($950,000) ($1,101,600) ($976,087) ($489,752) ($489,752) ($681,843) ($387,158) Rice Converted to Other $0 $0 $0 $0 $0 $0 $0 ($17,630) ($14,693) ($14,693) ($18,150) ($6,969) Biological Site Assessment $0 $0 $0 $0 ($135,000) $0 $0 $0 $0 $0 ($20,746) ($41,813) Total Expenditures $0 $0 $0 $0 ($135,000) ($950,000) ($1,101,600) ($993,717) ($504,444) ($504,444) ($720,739) ($435,940) Transfers/Adjustments
Transfer to/from O&M/Admin. Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to/from Land Acquisition Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to/from Endowment Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Adjustment (to bal. to 2000 end bal) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Transfers/Adjustments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Ending Balance [2] $2,044,989 $2,228,385 $2,573,183 $2,659,347 $3,279,124 $2,708,557 $1,962,220 $1,301,376 $1,315,506 $1,330,061 $1,128,758 $1,206,215 Undesignated $2,044,989 $2,228,385 $2,573,183 $2,659,347 $3,279,124 $2,708,557 $1,962,220 $1,301,376 $1,315,506 $1,330,061 $1,128,758 $1,206,215 Designated $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-21
Table A-6
NBHCP 2022 Fee Update
Restoration and Enhancement Cash Flo
w
2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 Item 35 36 37 38 39 40 41 42 43 44 45 46 47
Developed Acres
Annual Developed Acreage 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 Habitat Acres
Marsh 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Existing Rice 139.38 139.38 139.38 139.38 139.38 139.38 139.38 139.38 139.38 139.38 139.38 139.38 139.38 Other Converted to Rice 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Other 15.49 15.49 15.49 15.49 15.49 15.49 15.49 15.49 15.49 15.49 15.49 15.49 15.49 Subtotal 154.86 154.86 154.86 154.86 154.86 154.86 154.86 154.86 154.86 154.86 154.86 154.86 154.86 Cumulative Acreage 5,216.1 5,370.9 5,525.8 5,680.6 5,835.5 5,990.4 6,145.2 6,300.1 6,455.0 6,609.8 6,764.7 6,919.6 7,074.4 Rice/Other Converted to Marsh 38.72 38.72 38.72 38.72 38.72 38.72 38.72 38.72 38.72 38.72 38.72 38.72 38.72 Cumulative Converted to Marsh 1,275.7 1, 314.4 1, 353.1 1, 391.8 1, 430.5 1, 469.2 1, 508.0 1, 546.7 1, 585.4 1,624.1 1,662.8 1,701.5 1,740.2 Percentage of Year End Total 24.5% 24.5% 24.5% 24.5% 24.5% 24.5% 24.5% 24.5% 24.6% 24.6% 24.6% 24.6% 24.6% Rice Converted to Other 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2 23.2
CASH FLOW
Beginning Balance $1,206,215 $1,285,995 $1,368,169 $1,452,808 $1,539,987 $1,629,780 $1,722,268 $1,817,530 $1,915,650 $2,016,713 $2,120,808 $2,228,027 $2,338,462 Revenues
R&E Fee Revenue [1] $435,940 $435,940 $435,940 $435,940 $435,940 $435,940 $435,940 $435,940 $435,940 $435,940 $435,940 $435,940 $435,940 Contingency Fee Revenue $43,594 $43,594 $43,594 $43,594 $43,594 $43,594 $43,594 $43,594 $43,594 $43,594 $43,594 $43,594 $43,594 Interest Earnings $36,186 $38,580 $41,045 $43,584 $46,200 $48,893 $51,668 $54,526 $57,469 $60,501 $63,624 $66,841 $70,154 Total Revenues $515,720 $518,114 $520,579 $523,118 $525,734 $528,427 $531,202 $534,060 $537,004 $540,035 $543,158 $546,375 $549,688 Costs
Development Costs
Rice/Other Converted to Marsh ($387,158) ($387,158) ($387,158) ($387,158) ($387,158) ($387,158) ($387,158) ($387,158) ($387,158) ($387,158) ($387,158) ($387,158) ($387,158) Rice Converted to Other ($6,969) ($6,969) ($6,969) ($6,969) ($6,969) ($6,969) ($6,969) ($6,969) ($6,969) ($6,969) ($6,969) ($6,969) ($6,969) Biological Site Assessment ($41,813) ($41,813) ($41,813) ($41,813) ($41,813) ($41,813) ($41,813) ($41,813) ($41,813) ($41,813) ($41,813) ($41,813) ($41,813) Total Expenditures ($435,940) ($435,940) ($435,940) ($435,940) ($435,940) ($435,940) ($435,940) ($435,940) ($435,940) ($435,940) ($435,940) ($435,940) ($435,940) Transfers/Adjustments
Transfer to/from O&M/Admin. Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to/from Land Acquisition Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to/from Endowment Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Adjustment (to bal. to 2000 end bal) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Transfers/Adjustments $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Ending Balance [2] $1,285,995 $1,368,169 $1,452,808 $1,539,987 $1,629,780 $1,722,268 $1,817,530 $1,915,650 $2,016,713 $2,120,808 $2,228,027 $2,338,462 $2,452,209 Undesignated $1,285,995 $1,368,169 $1,452,808 $1,539,987 $1,629,780 $1,722,268 $1,817,530 $1,915,650 $2,016,713 $2,120,808 $2,228,027 $2,338,462 $2,452,209 Designated $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-22
Table A-6
NBHCP 2022 Fee Update
Restoration and Enhancement Cash Flo
w
2043 2044 2045 2046 2047 2048 2049 2050 2051 2052 2053
Item 48 49 50 51 52 53 54 55 56 57 58
[1]
Developed Acres
Annual Developed Acreage 309.7 309.7 309.7 285.6 264.3 264.3 264.3 264.3 264.3 264.3 0.0 Habitat Acres
Marsh 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Existing Rice 139.38 139.38 139.38 128.51 118.95 118.95 118.95 118.95 57.91 0.00 0.00 Other Converted to Rice 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Other 15.49 15.49 15.49 14.28 13.22 13.22 13.22 13.22 6.43 0.00 0.00 Subtotal 154.86 154.86 154.86 142.79 132.17 132.17 132.17 132.17 64.34 0.00 0.00 Cumulative Acreage 7,229.3 7,384.1 7,539.0 7,681.8 7,814.0 7,946.1 8,078.3 8,210.5 8,274.8 8,274.8 8,274.8 Rice/Other Converted to Marsh 38.72 38.72 38.72 35.70 33.04 33.04 33.04 33.04 16.09 0.00 0.00 Cumulative Converted to Marsh 1,779.0 1,817.7 1,856.4 1,892.1 1,925.1 1,958.2 1,991.2 2,024.3 2,040.3 2,040.3 2,040.3 Percentage of Year End Total 24.6% 24.6% 24.6% 24.6% 24.6% 24.6% 24.6% 24.7% 24.7% 24.7% 24.7% Rice Converted to Other 23.2 23.2 23.2 21.4 19.8 19.8 19.8 19.8 9.7 - -
CASH FLOW
Beginning Balance $2,452,209 $2,569,370 $2,690,045 $2,814,340 $2,938,965 $3,064,340 $3,193,477 $3,326,487 $3,463,488 $3,795,536 $0 Revenues
R&E Fee Revenue [1] $435,940 $435,940 $435,940 $401,946 $372,063 $372,063 $372,063 $372,063 $372,063 $372,063 $0 Contingency Fee Revenue $43,594 $43,594 $43,594 $40,195 $37,206 $37,206 $37,206 $37,206 $37,206 $37,206 $0 Interest Earnings $73,566 $77,081 $80,701 $84,430 $88,169 $91,930 $95,804 $99,795 $103,905 $113,866 $0 Total Revenues $553,100 $556,615 $560,235 $526,571 $497,438 $501,199 $505,073 $509,064 $513,174 $523,135 $0 Costs
Development Costs
Rice/Other Converted to Marsh ($387,158) ($387,158) ($387,158) ($356,968) ($330,429) ($330,429) ($330,429) ($330,429) ($160,858) $0 $0 Rice Converted to Other ($6,969) ($6,969) ($6,969) ($6,425) ($5,948) ($5,948) ($5,948) ($5,948) ($2,895) $0 $0 Biological Site Assessment ($41,813) ($41,813) ($41,813) ($38,553) ($35,686) ($35,686) ($35,686) ($35,686) ($17,373) $0 $0 Total Expenditures ($435,940) ($435,940) ($435,940) ($401,946) ($372,063) ($372,063) ($372,063) ($372,063) ($181,126) $0 $0 Transfers/Adjustments
Transfer to/from O&M/Admin. Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to/from Land Acquisition Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to/from Endowment Fund $0 $0 $0 $0 $0 $0 $0 $0 $0 ($4,318,671) $0 Adjustment (to bal. to 2000 end bal) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Transfers/Adjustments $0 $0 $0 $0 $0 $0 $0 $0 $0 ($4,318,671) $0 Ending Balance [2] $2,569,370 $2,690,045 $2,814,340 $2,938,965 $3,064,340 $3,193,477 $3,326,487 $3,463,488 $3,795,536 $0 $0 Undesignated $2,569,370 $2,690,045 $2,814,340 $2,938,965 $3,064,340 $3,193,477 $3,326,487 $3,463,488 $3,795,536 $0 $0 Designated $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
re costs
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-23
4
Table A-7 2022 Fee Update
NBHCP 2022 Fee Update 17,500 developable acres; 95% assumed to develop Assumes:
Administration/Operations and 1/2 acre of mitigation land per gross acre of developed land 0.0% Inflation Maintenance Cash Flow 25% marsh, 50% rice, 25% other 3.0% Interest Rate Assumptions TOTAL 1996 1997 1998 1999
Item (2023+) 1996 - 2053 1 2 3
Developed Acres
Annual Developed Acreage 16,625.0 30.4 104.9 1,380.4 1,466.5 Rice Land Acre
Upland/Fallow 10% 415.6 0.0 0.0 0.0 98.8
Leased Rice Base Land 90% 3,740.7 0.0 0.0 0.0 889.4
Total Rice Lands 3,788.4 0.0 0.0 0.0 988.3
Other Land Type Acreage
Marsh 2,078.1 0.0 0.0 0.0 0.0
Other (Required Mitigation) 2,078.1 0.0 0.0 0.0 329.4
Other (Supplemental Mitigation) 273.4
Total Other 4,429.6 0.0 0.0 0.0 329.4
Total Habitat Acres 8,585.9 0.0 0.0 0.0 1,317.7
Beginning Balance $0 $0 $4,561 $70,261 $621,109
Revenues
Rice Base Land Lease $350
Other Crop Land Lease [1] $75 Subtotals only for actual amounts Subtotal $45,657,902 $0 $0 $0 $0
Admin/O&M Portion of Mitigation Fees [2] $14,840 $160,003,009 $4,561 $65,563 $655,671 $720,394 Miscellaneous Revenue $15,000 $5,151,896 $0 $0 $0 $0
Interest/Other Earned [3] 3% $24,488,435 $0 $137 $2,108 $18,633 Total Admin/O&M Revenues $235,301,242 $4,561 $65,700 $657,778 $739,027 Costs
Marsh Acres O&M Costs (Land Mgmt) $520.89 ($25,823,755) All Acres O&M Costs (Prop Maint) $81.95 ($33,550,812)
Property Taxes (See Table 12) ($55,775,496) $0 $0 $0 $0 Special Assessments (RD 1000+NCMWC) $111.49 ($30,875,386) SSMPs (Preparation & Update) [4] ($1,773,816)
Administration ($69,850,349) $0 $0 ($106,930) ($205,505) Monitoring One-time/Fixed Costs [5] ($125,000)
Monitoring Ongoing Costs [6] 3% ($16,236,855)
Total Admin/O&M Costs ($234,011,469) $0 $0 ($106,930) ($205,505) Transfers/Adjustments
Transfer to/from RE Fund ($605,025) $0 $0 $0 $0
Transfer to/from Land Acquisition Fund $6,875,000 $0 $0 $0 $0 Transfer to/from Endowment Fund ($14,047,220) $0 $0 $0 $0 Loan for 200-acre Reserve $0 $0 $0 $0 $0
Drawdown on Endowment Fund $6,352,033 $0 $0 $0 $0
Fund Balance Adjustment $274,310 $0 $0 $0 $0
Total Transfers/Adjustments ($1,150,903) $0 $0 $0 $0
Ending Balance $138,870 $4,561 $70,261 $621,109 $1,154,631 Undesignated $0 $4,561 $70,261 $621,109 $1,154,631
Designated $138,870 $0 $0 $0 $0
[1] Other crop revenue assumed on 25% of upland/other acres. [2] The 2013 amount represents Metro Airpark catch-up fees from 2006. [3] Interest is earned at 3.0% annually on % of the prior year's ending balance. [4] SSMP Preparation Cost calculated at a rate of $160 per acquired acre and Update Cost calculated at a rate of $25,000 per year. See Table 7 for details. [5] Represents Midpoint Program Review, assumed to occur in 2027. [6] Monitoring costs assumed to increase by 3% every 5 years.
Prepared by EPS 11/22/2021
Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-24
Table A-7
NBHCP 2022 Fee Update
Administration/Operations and
Maintenance Cash Flow
2000 2001 2002 2003 2004 2005
Item 5 6 7 8 9 10
Developed Acres
Annual Developed Acreage 598.1 242.6 777.8 1,041.9 347.7 678.4 Rice Land Acre
Upland/Fallow 105.8 72.9 119.3 119.6 138.0 133.6
Leased Rice Base Land 951.9 656.5 1,073.8 1,076.5 1,241.9 1,202.7 Total Rice Lands 1,057.7 729.4 1,193.2 1,196.2 1,379.8 1,336.4 Other Land Type Acreage
Marsh 0.0 209.0 244.7 617.5 617.5 657.5
Other (Required Mitigation) 352.6 613.1 806.2 844.2 808.4 1,206.9 Other (Supplemental Mitigation) 205.9 205.9 206.7
Total Other 352.6 822.1 1,050.9 1,667.6 1,631.8 2,071.2 Total Habitat Acres 1,410.3 1,551.5 2,244.1 2,863.7 3,011.7 3,407.6 Beginning Balance $1,154,631 $1,549,539 $1,154,659 $106,719 $2,924,393 $3,443,813 Revenues
Rice Base Land Lease
Other Crop Land Lease [1] Subtotals only for actual amounts Subtotal $0 $174,438 $232,305 $207,682 $335,319 $223,860 Admin/O&M Portion of Mitigation Fees [2] $474,774 $502,013 $1,375,463 $3,640,781 $1,555,230 $3,781,296 Miscellaneous Revenue $0 $0 $0 $0 $0 $0
Interest/Other Earned [3] $34,639 $139,824 $16,634 $101,461 $317,393 $112,700 Total Admin/O&M Revenues $509,413 $816,275 $1,624,402 $3,949,924 $2,207,942 $4,117,856 Costs
Marsh Acres O&M Costs (Land Mgmt)
All Acres O&M Costs (Prop Maint) ($390,048) ($560,788)
Property Taxes (See Table 12) ($234,137) ($259,210)
Special Assessments (RD 1000+NCMWC)
($139,164) ($273,906)
SSMPs (Preparation & Update) [4]
Administration ($388,815) ($611,155) ($876,281) ($1,448,791) ($779,494) ($527,173) Monitoring One-time/Fixed Costs [5]
Monitoring Ongoing Costs [6] ($195,679) ($269,768)
Total Admin/O&M Costs ($388,815) ($611,155) ($876,281) ($1,448,791) ($1,738,522) ($1,890,845) Transfers/Adjustments
Transfer to/from RE Fund $0 ($600,000) $0 $0 $0 $10,485 Transfer to/from Land Acquisition Fund $0 $0 ($3,908,020) $2,428,500 $50,000 $0 Transfer to/from Endowment Fund $0 $0 $0 $0 $0 $0
Loan for 200-acre Reserve $0 $0 $2,111,959 ($2,111,959) $0 $0 Drawdown on Endowment Fund $0 $0 $0 $0 $0 $0
Fund Balance Adjustment $274,310 $0 $0 $0 $0 $0
Total Transfers/Adjustments $274,310 ($600,000) ($1,796,061) $316,541 $50,000 $10,485 Ending Balance $1,549,539 $1,154,659 $106,719 $2,924,393 $3,443,813 $5,681,309 Undesignated $1,549,539 $1,154,659 $106,719 $2,924,393 $3,443,813 $5,414,053 Designated $0 $0 $0 $0 $0 $267,256
Prepared by EPS 11/22/2021
Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-25
Table A-7
NBHCP 2022 Fee Update
Administration/Operations and
Maintenance Cash Flow
2006 2007 2008 2009 2010 2011
Item 11 12 13 14 15 16
Developed Acres
Annual Developed Acreage 132.2 103.2 19.1 21.1 0.3 50.0 Rice Land Acre
Upland/Fallow 218.4 206.9 232.4 230.0 205.5 208.9
Leased Rice Base Land 1,965.4 1,861.8 2,091.3 2,069.7 1,849.2 1,880.4 Total Rice Lands 2,183.8 2,068.6 2,323.6 2,299.7 2,054.7 2,089.4 Other Land Type Acreage
Marsh 718.7 713.3 714.3 714.3 714.3 714.3
Other (Required Mitigation) 1,058.3 1,174.2 918.2 912.1 1,157.1 1,060.1 Other (Supplemental Mitigation) 217.2 217.2 217.2 217.2 217.2 238.2 Total Other 1,994.1 2,104.6 1,849.7 1,843.6 2,088.6 2,012.6 Total Habitat Acres 4,178.0 4,173.3 4,173.3 4,143.3 4,143.3 4,102.0 Beginning Balance $5,681,309 $7,156,348 $8,778,358 $7,129,750 $5,486,669 $4,145,745 Revenues
Rice Base Land Lease
Other Crop Land Lease [1] Subtotals only for actual amounts Subtotal $221,388 $312,085 $314,154 $526,400 $556,505 $403,690 Admin/O&M Portion of Mitigation Fees [2] $1,599,566 $1,055,354 $193,118 $281,458 $75,623 $0 Miscellaneous Revenue $0 $0 $0 $0 $44,665 $144,897
Interest/Other Earned [3] $345,929 $3,626,006 $554,757 $278,189 $235,129 $5,758 Total Admin/O&M Revenues $2,166,883 $4,993,445 $1,062,029 $1,086,047 $911,922 $554,345 Costs
Marsh Acres O&M Costs (Land Mgmt)
All Acres O&M Costs (Prop Maint) ($1,224,234) ($2,041,538) ($1,375,339) ($1,190,133) ($710,038) ($956,484) Property Taxes (See Table 12) ($281,999) ($294,932) ($194,093) ($160,850) ($164,495) ($189,169) Special Assessments (RD 1000+NCMWC) ($261,021)
($465,294) ($465,294) ($359,410) ($437,630) ($328,374)
SSMPs (Preparation & Update) [4] $0 $0 $0 $0
Administration ($354,110) ($348,451) ($385,222) ($698,882) ($644,754) ($954,920) Monitoring One-time/Fixed Costs [5] $0 $0 $0
Monitoring Ongoing Costs [6] ($221,220) ($290,689) ($319,853) ($295,929) ($315,316) Total Admin/O&M Costs ($2,121,364) ($3,371,435) ($2,710,637) ($2,729,128) (2,252,846) ($2,744,263) Transfers/Adjustments
Transfer to/from RE Fund $0 $0 $0 $0 $0 ($21,150)
Transfer to/from Land Acquisition Fund $1,429,520 $0 $0 $0 $0 ($125,000) Transfer to/from Endowment Fund $0 $0 $0 $0 $0 ($9,500) Loan for 200-acre Reserve $0 $0 $0 $0 $0 $0
Drawdown on Endowment Fund $0 $0 $0 $0 $0 $0
Fund Balance Adjustment $0 $0 $0 $0 $0 $0
Total Transfers/Adjustments $1,429,520 $0 $0 $0 $0 ($155,650) Ending Balance $7,156,348 $8,778,358 $7,129,750 $5,486,669 $4,145,745 $1,800,177 Undesignated $6,656,423 $8,458,985 $6,798,870 $5,352,838 $3,401,308 $1,666,346 Designated $499,925 $319,373 $330,880 $133,831 t $744,437 $133,831 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-26
Table A-7
NBHCP 2022 Fee Update
Administration/Operations and
Maintenance Cash Flow
2012 2013 2014 2015 2016 2017
Item 17 18 19 20 21 22
Developed Acres
Annual Developed Acreage 80.1 0.0 0.0 5.7 65.5 0.0
Rice Land Acre
Upland/Fallow 227.2 227.2 227.2 227.2 239.3 236.5
Leased Rice Base Land 2,044.4 2,044.4 2,044.4 2,044.4 2,153.7 2,128.5 Total Rice Lands 2,271.5 2,271.5 2,271.5 2,271.6 2,393.0 2,365.0 Other Land Type Acreage
Marsh 714.3 714.3 714.3 714.3 714.3 714.3
Other (Required Mitigation) 907.1 907.1 907.1 907.1 780.5 780.5 Other (Supplemental Mitigation) 238.2 238.2 238.2 238.2 243.3 271.3 Total Other 1,859.6 1,859.6 1,859.6 1,859.6 1,738.1 1,766.1 Total Habitat Acres 4,131.1 4,131.1 4,131.1 4,131.2 4,131.2 4,131.2 Beginning Balance $1,800,177 $9,099,193 $7,467,851 $6,009,811 $5,900,712 $5,448,979 Revenues
Rice Base Land Lease
Other Crop Land Lease [1] Subtotals only for actual amounts Subtotal $607,269 $636,801 $745,602 $803,328 $787,647 $495,231 Admin/O&M Portion of Mitigation Fees [2] $1,954,520 $272,578 $0 $62,748 $891,151 $635,152 Miscellaneous Revenue $195,949 $90,568 $0 $1,113,995 $0 $229,187 Interest/Other Earned [3] $77,409 $161,070 $166,764 $335,931 $354,303 $57,355 Total Admin/O&M Revenues $2,835,147 $1,161,017 $912,366 $2,316,002 $2,033,101 $1,416,925 Costs
Marsh Acres O&M Costs (Land Mgmt)
All Acres O&M Costs (Prop Maint) ($1,131,388) ($866,388) ($481,663) ($606,899) ($626,227) ($650,178) Property Taxes (See Table 12) ($216,326) ($201,526) ($207,949) ($217,850) ($202,654) ($189,291) Special Assessments (RD 1000+NCMWC) ($369,737) ($383,683) ($414,897) ($446,139) ($456,600) ($456,600) SSMPs (Preparation & Update) [4] $0 $0 ($50,000)
($111,699) $0 $0
Administration ($478,108) ($1,031,086) ($917,701) ($744,317) ($901,157) ($935,622) Monitoring One-time/Fixed Costs [5] $0 $0 $0 $0 $0 $0
Monitoring Ongoing Costs [6] ($340,572) ($315,316) ($298,196) ($298,196) ($298,196) ($315,826) Total Admin/O&M Costs ($2,536,131) ($2,797,999) ($2,370,406) ($2,425,101) ($2,484,834) ($2,547,516) Transfers/Adjustments
Transfer to/from RE Fund $0 $5,640 $0 $0 $0 $0
Transfer to/from Land Acquisition Fund $7,000,000 $0 $0 $0 $0 $0 Transfer to/from Endowment Fund $0 $0 $0 $0 $0 $0
Loan for 200-acre Reserve $0 $0 $0 $0 $0 $0
Drawdown on Endowment Fund $0 $0 $0 $0 $0 $0
Fund Balance Adjustment $0 $0 $0 $0 $0 $0
Total Transfers/Adjustments $7,000,000 $5,640 $0 $0 $0 $0 Ending Balance $9,099,193 $7,467,851 $6,009,811 $5,900,712 $5,448,979 $4,318,388 Undesignated $8,965,362 $7,334,020 $5,875,980 $5,766,881 $5,315,148 $4,182,643 Designated $133,831 $133,831 $133,831 $133,831 $133,831 $135,745 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-27
Table A-7
NBHCP 2022 Fee Update
Administration/Operations and
Maintenance Cash Flow
2018 2019 2020 2021 2022 2023
Item 23 24 25 26 27 28
Developed Acres
Annual Developed Acreage 34.8 100.4 218.1 56.4 467.9 181.5 Rice Land Acre
Upland/Fallow 237.9 237.9 282.0 310.8 308.9 299.4
Leased Rice Base Land 2,141.1 2,141.1 2,538.4 2,797.3 2,780.1 2,694.6 Total Rice Lands 2,379.0 2,379.0 2,820.5 3,108.2 3,089.0 2,994.0 Other Land Type Acreage
Marsh 714.3 714.3 714.3 714.3 767.1 862.1
Other (Required Mitigation) 780.5 780.5 852.3 852.3 1,011.1 1,011.1 Other (Supplemental Mitigation) 273.4 273.4 273.4 273.4 273.4 273.4 Total Other 1,768.2 1,768.2 1,840.0 1,840.0 2,051.6 2,146.6 Total Habitat Acres 4,147.2 4,147.2 4,660.5 4,948.2 5,140.6 5,140.6 Beginning Balance $4,318,388 $3,091,918 $3,139,383 $5,170,169 $4,397,247 $9,207,615 Revenues
Rice Base Land Lease $943,124
Other Crop Land Lease [1] Subtot. only for actual amts $24,084 Subtotal $676,652 $1,109,399 $889,699 $951,677 $1,054,737 $967,207 Admin/O&M Portion of Mitigation Fees [2] $450,937 $1,234,434 $3,079,722 $797,133 $6,993,720 $2,693,990 Miscellaneous Revenue $244,727 $64,108 $667,426 $958,252 $623,123 $25,000 Interest/Other Earned [3] $50,189 $69,767 $27,795 $10,347 $50,000 $276,228 Total Admin/O&M Revenues $1,422,505 $2,477,708 $4,664,642 $2,717,409 $8,721,579 $3,962,426 Costs
Marsh Acres O&M Costs (Land Mgmt) ($449,056)
All Acres O&M Costs (Prop Maint) ($576,175) ($548,286) ($596,227) ($899,564) ($880,564) ($421,274) Property Taxes (See Table 12) ($196,132) ($204,389) ($216,326) ($316,565) ($499,243) (499,243)
Special Assessments (RD 1000+NCMWC) ($456,600) ($456,600) ($411,230) ($414,715) ($425,222) ($573,145) SSMPs (Preparation & Update) [4] $0 $0 ($135,864) ($75,000) ($75,000) ($25,000) Administration ($1,104,242) ($905,141) ($973,420) ($1,468,660) ($1,715,356) ($1,624,034) Monitoring One-time/Fixed Costs [5] $0 $0 $0 $0 $0 $0
Monitoring Ongoing Costs [6] ($315,826) ($315,826) ($300,789) ($315,826) ($315,826) ($325,301) Total Admin/O&M Costs ($2,648,975) ($2,430,243) ($2,633,856) ($3,490,330) ($3,911,211) ($3,917,052) Transfers/Adjustments
Transfer to/from RE Fund $0 $0 $0 $0 $0 $0
Transfer to/from Land Acquisition Fund $0 $0 $0 $0 $0 $0 Transfer to/from Endowment Fund $0 $0 $0 $0 $0 $0
Loan for 200-acre Reserve $0 $0 $0 $0 $0 $0
Drawdown on Endowment Fund $0 $0 $0 $0 $0 $0
Fund Balance Adjustment $0 $0 $0 $0 $0 $0
Total Transfers/Adjustments $0 $0 $0 $0 $0 $0
Ending Balance $3,091,918 $3,139,383 $5,170,169 $4,397,247 $9,207,615 $9,252,989 Undesignated $2,954,986 $3,002,451 $5,031,299 $4,258,377 $9,068,745 $9,114,119 Designated $136,932 $136,932 $138,870 $138,870 $138,870 $138,870 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-28
Table A-7
NBHCP 2022 Fee Update
Administration/Operations and
Maintenance Cash Flow
2024 2025 2026 2027 2028 2029
Item 29 30 31 32 33 34
Developed Acres
Annual Developed Acreage 177.0 177.0 309.7 309.7 309.7 309.7 Rice Land Acre
Upland/Fallow 288.4 272.8 263.0 253.2 247.2 255.0
Leased Rice Base Land 2,595.5 2,454.8 2,366.6 2,278.4 2,224.9 2,294.6 Total Rice Lands 2,883.9 2,727.5 2,629.6 2,531.6 2,472.1 2,549.5 Other Land Type Acreage
Marsh 972.3 1,069.9 1,118.8 1,167.8 1,236.0 1,274.7
Other (Required Mitigation) 1,011.1 1,069.9 1,118.8 1,167.8 1,236.0 1,274.7 Other (Supplemental Mitigation) 273.4 273.4 273.4 273.4 273.4 273.4 Total Other 2,256.7 2,413.1 2,511.0 2,609.0 2,745.4 2,822.8 Total Habitat Acres 5,140.6 5,140.6 5,140.6 5,140.6 5,217.4 5,372.3 Beginning Balance $9,252,989 $9,140,037 $8,799,697 $10,488,712 $12,134,189 $13,658,652 Revenues
Rice Base Land Lease $908,423 $859,165 $828,311 $797,457 $778,704 $803,095 Other Crop Land Lease [1] $24,084 $25,186 $26,104 $27,022 $28,301 $29,026 Subtotal $932,507 $884,351 $854,415 $824,479 $807,005 $832,121 Admin/O&M Portion of Mitigation Fees [2] $2,626,384 $2,626,384 $4,596,396 $4,596,396 $4,596,396 $4,596,396 Miscellaneous Revenue $25,000 $25,000 $25,000 $25,000 $25,000 $25,000 Interest/Other Earned [3] $277,590 $274,201 $263,991 $314,661 $364,026 $409,760 Total Admin/O&M Revenues $3,861,481 $3,809,936 $5,739,802 $5,760,536 $5,792,427 $5,863,277 Costs
Marsh Acres O&M Costs (Land Mgmt) ($506,436) ($557,279) ($582,790) ($608,300) ($643,817) ($663,983)
All Acres O&M Costs (Prop Maint) ($421,274) ($421,274) ($421,274) ($421,274) ($427,571) ($440,262) Property Taxes (See Table 12) (499,243) (499,243) (499,243) (538,006) (618,476) (701,360) Special Assessments (RD 1000+NCMWC) ($573,145) ($573,145) ($573,145) ($573,145) ($581,712) ($598,978) SSMPs (Preparation & Update) [4] ($25,000) ($25,000) ($25,000) ($25,000) ($37,294) ($49,778) Administration ($1,624,034) ($1,624,034) ($1,624,034) ($1,624,034) ($1,624,034) ($1,624,034) Monitoring One-time/Fixed Costs [5] $0 ($125,000) $0 $0 $0 $0 Monitoring Ongoing Costs [6] ($325,301) ($325,301) ($325,301) ($325,301) ($335,060) ($335,060) Total Admin/O&M Costs ($3,974,433) ($4,150,276) ($4,050,786) ($4,115,060) ($4,267,963) ($4,413,455) Transfers/Adjustments
Transfer to/from RE Fund $0 $0 $0 $0 $0 $0
Transfer to/from Land Acquisition Fund $0 $0 $0 $0 $0 $0 Transfer to/from Endowment Fund $0 $0 $0 $0 $0 $0
Loan for 200-acre Reserve $0 $0 $0 $0 $0 $0
Drawdown on Endowment Fund $0 $0 $0 $0 $0 $0
Fund Balance Adjustment $0 $0 $0 $0 $0 $0
Total Transfers/Adjustments $0 $0 $0 $0 $0 $0
Ending Balance $9,140,037 $8,799,697 $10,488,712 $12,134,189 $13,658,652 $15,108,474 Undesignated $9,001,167 $8,660,827 $10,349,842 $11,995,319 $13,519,782 $14,969,604 Designated $138,870 $138,870 $138,870 $138,870 $138,870 $138,870 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-29
Table A-7
NBHCP 2022 Fee Update
Administration/Operations and
Maintenance Cash Flow
2030 2031 2032 2033 2034 2035
Item 35 36 37 38 39 40
Developed Acres
Annual Developed Acreage 309.7 309.7 309.7 309.7 309.7 309.7 Rice Land Acre
Upland/Fallow 262.7 270.4 278.2 285.9 293.7 301.4
Leased Rice Base Land 2,364.2 2,433.9 2,503.6 2,573.3 2,643.0 2,712.7 Total Rice Lands 2,626.9 2,704.4 2,781.8 2,859.2 2,936.7 3,014.1 Other Land Type Acreage
Marsh 1,313.4 1,352.2 1,390.9 1,429.6 1,468.3 1,507.0
Other (Required Mitigation) 1,313.4 1,352.1 1,390.9 1,429.6 1,468.3 1,507.0 Other (Supplemental Mitigation) 273.4 273.4 273.4 273.4 273.4 273.4 Total Other 2,900.2 2,977.7 3,055.1 3,132.5 3,210.0 3,287.4 Total Habitat Acres 5,527.2 5,682.0 5,836.9 5,991.8 6,146.6 6,301.5 Beginning Balance
Revenues
Rice Base Land Lease
Other Crop Land Lease [1]
Subtotal
Admin/O&M Portion of Mitigation Fees [2]
Miscellaneous Revenue
Interest/Other Earned [3]
Total Admin/O&M Revenues
Costs
Marsh Acres O&M Costs (Land Mgmt)
All Acres O&M Costs (Prop Maint)
Property Taxes (See Table 12)
Special Assessments (RD 1000+NCMWC)
SSMPs (Preparation & Update) [4]
Administration
Monitoring One-time/Fixed Costs [5]
Monitoring Ongoing Costs [6]
Total Admin/O&M Costs
Transfers/Adjustments
Transfer to/from RE Fund
Transfer to/from Land Acquisition Fund
Transfer to/from Endowment Fund
Loan for 200-acre Reserve
Drawdown on Endowment Fund
Fund Balance Adjustment
Total Transfers/Adjustments
Ending Balance
Undesignated
Designated
$15,108,474
$827,486
$29,752
$857,238
$4,596,396
$25,000
$453,254
$5,931,889
($684,150)
($452,953)
(786,731)
($616,245)
($49,778)
($1,624,034)
$0
($335,060)
($4,548,950)
$0
$0
$0
$0
$0
$0
$0
$16,491,413
$16,352,543
$138,870
$16,491,413
$851,877
$30,478
$882,355
$4,596,396
$25,000
$494,742
$5,998,494
($704,316)
($465,644)
(874,663)
($633,511)
($49,778)
($1,624,034)
$0
($335,060)
($4,687,006)
$0
$0
$0
$0
$0
$0
$0
$17,802,901
$17,664,031
$138,870
$17,802,901
$876,268
$31,204
$907,472
$4,596,396
$25,000
$534,087
$6,062,955
($724,483)
($478,335)
(965,233)
($650,777)
($49,778)
($1,624,034)
$0
($335,060)
($4,827,700)
$0
$0
$0
$0
$0
$0
$0
$19,038,156
$18,899,286
$138,870
$19,038,156
$900,659
$31,930
$932,589
$4,596,396
$25,000
$571,145
$6,125,130
($744,649)
($491,026)
(1,058,521)
($668,043)
($49,778)
($1,624,034)
$0
($345,112)
($4,981,163)
$0
$0
$0
$0
$0
$0
$0
$20,182,123
$20,043,253
$138,870
$20,182,123 $21,239,317
$925,050 $949,441
$32,656 $33,382
$957,706 $982,823
$4,596,396 $4,596,396
$25,000 $25,000
$605,464 $637,180
$6,184,566 $6,241,399
($764,816) ($784,982)
($503,717) ($516,408)
(1,154,606) (1,253,575)
($685,310) ($702,576)
($49,778) ($49,778)
($1,624,034) ($1,624,034)
$0 $0
($345,112) ($345,112)
($5,127,372) ($5,276,465)
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$21,239,317 $22,204,251
$21,100,447 $22,065,381
$138,870 $138,870
Prepared by EPS 11/22/2021
Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-30
Table A-7
NBHCP 2022 Fee Update
Administration/Operations and
Maintenance Cash Flow
2036 2037 2038 2039 2040 2041
Item 41 42 43 44 45 46
Developed Acres
Annual Developed Acreage 309.7 309.7 309.7 309.7 309.7 309.7 Rice Land Acre
Upland/Fallow 309.2 316.9 324.6 332.4 340.1 347.9
Leased Rice Base Land 2,782.4 2,852.1 2,921.8 2,991.4 3,061.1 3,130.8 Total Rice Lands 3,091.5 3,169.0 3,246.4 3,323.8 3,401.3 3,478.7 Other Land Type Acreage
Marsh 1,545.7 1,584.4 1,623.2 1,661.9 1,700.6 1,739.3
Other (Required Mitigation) 1,545.7 1,584.4 1,623.1 1,661.9 1,700.6 1,739.3 Other (Supplemental Mitigation) 273.4 273.4 273.4 273.4 273.4 273.4 Total Other 3,364.8 3,442.3 3,519.7 3,597.1 3,674.5 3,752.0 Total Habitat Acres 6,456.3 6,611.2 6,766.1 6,920.9 7,075.8 7,230.7 Beginning Balance
Revenues
Rice Base Land Lease
Other Crop Land Lease [1]
Subtotal
Admin/O&M Portion of Mitigation Fees [2]
Miscellaneous Revenue
Interest/Other Earned [3]
Total Admin/O&M Revenues
Costs
Marsh Acres O&M Costs (Land Mgmt)
All Acres O&M Costs (Prop Maint)
Property Taxes (See Table 12)
Special Assessments (RD 1000+NCMWC)
SSMPs (Preparation & Update) [4]
Administration
Monitoring One-time/Fixed Costs [5]
Monitoring Ongoing Costs [6]
Total Admin/O&M Costs
Transfers/Adjustments
Transfer to/from RE Fund
Transfer to/from Land Acquisition Fund
Transfer to/from Endowment Fund
Loan for 200-acre Reserve
Drawdown on Endowment Fund
Fund Balance Adjustment
Total Transfers/Adjustments
Ending Balance
Undesignated
Designated
$22,204,251
$973,832
$34,108
$1,007,940
$4,596,396
$25,000
$666,128
$6,295,463
($805,149)
($529,099)
(1,355,512)
($719,842)
($49,778)
($1,624,034)
$0
($345,112)
($5,428,526)
$0
$0
$0
$0
$0
$0
$0
$23,071,188
$22,932,318
$138,870
$23,071,188
$998,223
$34,834
$1,033,056
$4,596,396
$25,000
$692,136
$6,346,589
($825,315)
($541,790)
(1,460,508)
($737,108)
($49,778)
($1,624,034)
$0
($345,112)
($5,583,645)
$0
$0
$0
$0
$0
$0
$0
$23,834,132
$23,695,262
$138,870
$23,834,132
$1,022,614
$35,560
$1,058,173
$4,596,396
$25,000
$715,024
$6,394,594
($845,482)
($554,481)
(1,568,653)
($754,375)
($49,778)
($1,624,034)
$0
($355,465)
($5,752,268)
$0
$0
$0
$0
$0
$0
$0
$24,476,458
$24,337,588
$138,870
$24,476,458
$1,047,005
$36,286
$1,083,290
$4,596,396
$25,000
$734,294
$6,438,980
($865,648)
($567,173)
(1,680,043)
($771,641)
($49,778)
($1,624,034)
$0
($355,465)
($5,913,781)
$0
$0
$0
$0
$0
$0
$0
$25,001,657
$24,862,787
$138,870
$25,001,657 $25,402,873
$1,071,396 $1,095,786
$37,012 $37,738
$1,108,407 $1,133,524
$4,596,396 $4,596,396
$25,000 $25,000
$750,050 $762,086
$6,479,853 $6,517,007
($885,815) ($905,981)
($579,864) ($592,555)
($1,794,774) ($1,912,947)
($788,907) ($806,174)
($49,778) ($49,778)
($1,624,034) ($1,624,034)
$0 $0
($355,465) ($355,465)
($6,078,637) ($6,246,934)
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$25,402,873 $25,672,946
$25,264,003 $25,534,076
$138,870 $138,870
Prepared by EPS 11/22/2021
Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-31
Table A-7
NBHCP 2022 Fee Update
Administration/Operations and
Maintenance Cash Flow
2042 2043 2044 2045 2046 2047
Item 47 48 49 50 51 52
Developed Acres
Annual Developed Acreage 309.7 309.7 309.7 309.7 285.6 264.3 Rice Land Acre
Upland/Fallow 355.6 363.4 371.1 378.8 386.0 392.6
Leased Rice Base Land 3,200.5 3,270.2 3,339.9 3,409.6 3,473.8 3,533.3 Total Rice Lands 3,556.1 3,633.6 3,711.0 3,788.4 3,859.8 3,925.9 Other Land Type Acreage
Marsh 1,778.0 1,816.7 1,855.5 1,894.2 1,929.9 1,962.9
Other (Required Mitigation) 1,778.0 1,816.7 1,855.4 1,894.2 1,929.9 1,962.9 Other (Supplemental Mitigation) 273.4 273.4 273.4 273.4 273.4 273.4 Total Other 3,829.4 3,906.8 3,984.3 4,061.7 4,133.1 4,199.2 Total Habitat Acres 7,385.5 7,540.4 7,695.3 7,850.1 7,992.9 8,125.1 Beginning Balance
Revenues
Rice Base Land Lease
Other Crop Land Lease [1]
Subtotal
Admin/O&M Portion of Mitigation Fees [2]
Miscellaneous Revenue
Interest/Other Earned [3]
Total Admin/O&M Revenues
Costs
Marsh Acres O&M Costs (Land Mgmt)
All Acres O&M Costs (Prop Maint)
Property Taxes (See Table 12)
Special Assessments (RD 1000+NCMWC)
SSMPs (Preparation & Update) [4]
Administration
Monitoring One-time/Fixed Costs [5]
Monitoring Ongoing Costs [6]
Total Admin/O&M Costs
Transfers/Adjustments
Transfer to/from RE Fund
Transfer to/from Land Acquisition Fund
Transfer to/from Endowment Fund
Loan for 200-acre Reserve
Drawdown on Endowment Fund
Fund Balance Adjustment
Total Transfers/Adjustments
Ending Balance
Undesignated
Designated
$25,672,946
$1,120,177
$38,463
$1,158,641
$4,596,396
$25,000
$770,188
$6,550,226
($926,148)
($605,246)
($2,034,666)
($823,440)
($49,778)
($1,624,034)
$0
($355,465)
($6,418,776)
$0
$0
$0
$0
$0
$0
$0
$25,804,395
$25,665,525
$138,870
$25,804,395
$1,144,568
$39,189
$1,183,758
$4,596,396
$25,000
$774,132
$6,579,286
($946,314)
($617,937)
($2,160,036)
($840,706)
($49,778)
($1,624,034)
$0
($366,129)
($6,604,934)
$0
$0
$0
$0
$0
$0
$0
$25,778,747
$25,639,877
$138,870
$25,778,747
$1,168,959
$39,915
$1,208,875
$4,596,396
$25,000
$773,362
$6,603,633
($966,481)
($630,628)
($2,289,167)
($857,972)
($49,778)
($1,624,034)
$0
($366,129)
($6,784,189)
$0
$0
$0
$0
$0
$0
$0
$25,598,191
$25,459,321
$138,870
$25,598,191
$1,193,350
$40,641
$1,233,992
$4,596,396
$25,000
$767,946
$6,623,334
($986,647)
($643,319)
($2,411,801)
($875,239)
($49,778)
($1,624,034)
$0
($366,129)
($6,956,947)
$0
$0
$0
$0
$0
$0
$0
$25,264,578
$25,125,708
$138,870
$25,264,578 $24,424,486
$1,215,839 $1,236,656
$41,311 $41,930
$1,257,150 $1,278,586
$4,237,973 $3,922,899
$25,000 $25,000
$757,937 $732,735
$6,278,060 $5,959,220
($1,005,241) ($1,022,453)
($655,020) ($665,852)
($2,528,722) ($2,649,152)
($891,158) ($905,895)
($47,846) ($46,147)
($1,624,034) ($1,624,034)
$0 $0
($366,129) ($366,129)
($7,118,151) ($7,279,662)
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$0 $0
$24,424,486 $23,104,045
$24,285,616 $22,965,175
$138,870 $138,870
Prepared by EPS 11/22/2021
Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-32
Table A-7
NBHCP 2022 Fee Update
Administration/Operations and
Maintenance Cash Flow
2048 2049 2050 2051 2052 2053
Item 53 54 55 56 57 58
Developed Acres
Annual Developed Acreage 264.3 264.3 264.3 264.3 264.3 0.0 Rice Land Acre
Upland/Fallow 399.2 405.8 412.4 415.6 415.6 415.6
Leased Rice Base Land 3,592.8 3,652.3 3,711.7 3,740.7 3,740.7 3,740.7 Total Rice Lands 3,992.0 4,058.1 4,124.2 4,156.3 4,156.3 4,156.3 Other Land Type Acreage
Marsh 1,996.0 2,029.0 2,062.0 2,078.1 2,078.1 2,078.1
Other (Required Mitigation) 1,995.9 2,029.0 2,062.0 2,078.1 2,078.1 2,078.1 Other (Supplemental Mitigation) 273.4 273.4 273.4 273.4 273.4 273.4 Total Other 4,265.3 4,331.4 4,397.4 4,429.6 4,429.6 4,429.6 Total Habitat Acres 8,257.2 8,389.4 8,521.6 8,585.9 8,585.9 8,585.9 Beginning Balance
Revenues
Rice Base Land Lease
Other Crop Land Lease [1]
Subtotal
Admin/O&M Portion of Mitigation Fees [2]
Miscellaneous Revenue
Interest/Other Earned [3]
Total Admin/O&M Revenues
Costs
Marsh Acres O&M Costs (Land Mgmt)
All Acres O&M Costs (Prop Maint)
Property Taxes (See Table 12)
Special Assessments (RD 1000+NCMWC)
SSMPs (Preparation & Update) [4]
Administration
Monitoring One-time/Fixed Costs [5]
Monitoring Ongoing Costs [6]
Total Admin/O&M Costs
Transfers/Adjustments
Transfer to/from RE Fund
Transfer to/from Land Acquisition Fund
Transfer to/from Endowment Fund
Loan for 200-acre Reserve
Drawdown on Endowment Fund
Fund Balance Adjustment
Total Transfers/Adjustments
Ending Balance
Undesignated
Designated
$23,104,045
$1,257,473
$42,550
$1,300,023
$3,922,899
$25,000
$693,121
$5,941,043
($1,039,664)
($676,683)
($2,773,194)
($920,631)
($46,147)
($1,624,034)
$0
($377,113)
($7,457,467)
$0
$0
$0
$0
$0
$0
$0
$21,587,620
$21,448,750
$138,870
$21,587,620
$1,278,290
$43,169
$1,321,460
$3,922,899
$25,000
$647,629
$5,916,987
($1,056,876)
($687,515)
($2,900,958)
($935,367)
($46,147)
($1,624,034)
$0
($377,113)
($7,628,010)
$0
$0
$0
$0
$0
$0
$0
$19,876,597
$19,737,727
$138,870
$19,876,597
$1,299,107
$43,789
$1,342,896
$3,922,899
$25,000
$596,298
$5,887,093
($1,074,087)
($698,346)
($2,965,021)
($950,104)
($46,147)
($1,624,034)
$0
($377,113)
($7,734,853)
$0
$0
$0
$0
$0
$0
$0
$18,028,837
$17,889,967
$138,870
$18,028,837
$1,309,241
$44,090
$1,353,332
$3,922,899
$25,000
$540,865
$5,842,096
($1,082,466)
($703,619)
($2,965,021)
($957,278)
($35,295)
($1,624,034)
$0
($377,113)
($7,744,826)
$0
$0
$0
$0
$0
$0
$0
$16,126,107
$15,987,237
$138,870
$16,126,107 $138,870
$1,309,241 $1,309,241
$44,090 $44,090
$1,353,332 $1,353,332
$3,922,899 $0
$25,000 $25,000
$483,783 $4,166
$5,785,014 $1,382,498
($1,082,466) ($1,082,466)
($703,619) ($703,619)
($2,965,021) ($2,965,021)
($957,278) ($957,278)
($25,000) ($25,000)
($1,624,034) ($1,624,034)
$0 $0
($377,113) ($377,113)
($7,734,531) ($7,734,531)
$0 $0
$0 $0
($14,037,720) $0
$0 $0
$0 $6,352,033
$0 $0
($14,037,720) $6,352,033
$138,870 $138,870
$0 $0
$138,870 $138,870
om cost
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-33
Table A-8
NBHCP 2022 Fee Update
O&M Endowment Fund Cash Flow
2022 Fee Update
17,500 developable acres; 95% assumed to develop
1/2 acre of mitigation land per gross acre of developed land 25% marsh, 50% rice, 25% other
Assumes:
0.0% Inflation
3.0% Interest Rate
Item
Assumptions
(for years 2023+)
TOTAL
1996 - 2053
1996
1 1997
2 1998
3 1999
4 2000
5 2001
6 Annual Developed Acreage for Fee Estimate 16,625.0 30.4 104.9 1,380.4 1,466.5 598.1 242.6 Beginning Balance $0 $0 $2,280 $12,770 $275,038 $323,846 $463,981 Endowment Fund Fee Revenue [1] $8,904
per dev acre $94,297,250 $2,280 $10,490 $262,268 $278,626 $113,645 $209,651 Other Revenue $261,347 $0 $0 $0 $0 $0 $257,219
Transfer from Administration/Operations $14,028,220 $0 $0 $0 $0 $0 $0 Transfer from Land Acquisition $7,927,200 $0 $0 $0 $0 $0 $0 Transfer from Restoration and Enhancement $4,318,671 $0 $0 $0 $0 $0 $0 Transfer from Supplemental Endowment $12,923,734 $0 $0 $0 $0 $0 $0 Less Drawdown ($6,352,033) $0 $0 $0 $0 $0 $0
Interest Earnings 3% of beg bal. $126,287,216 $0 $0 $0 $0 $26,490 $35,825 Less Management Fees [2]
Adjustment (to balance to 1999 ending bal)
0.50% of $5 M
0.35% of rem. bal.
($13,551,132)
($229,815)
$0
$0
$0
$0
$0
$0
$0
($229,818)
$0
$0
$0.0
$0
Ending Balance $239,910,658 $2,280 $12,770 $275,038 $323,846 $463,981 $966,676 [1] 2013 amount represents Metro Airpark catch-up fees from 2006. [2] 0.5% on first $5,000,000 + 0.35% of remaining beginning balance for 2022+.
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-34
Table A-8
NBHCP 2022 Fee Update
O&M Endowment Fund Cash Flow
2002 2003 2004 2005 2006 2007 2008 2009
Item 7 8 9 10 11 12 13 14
Annual Developed Acreage for Fee Estimate 777.8 1,041.9 347.7 678.4 132.2 103.2 19.1 21.1 Beginning Balance $966,676 $1,730,724 $4,424,499 $5,803,065 $8,148,581 $9,926,631 $10,959,532 $7,575,335 Endowment Fund Fee Revenue [1] $685,154 $2,169,320 $860,660 $1,964,462 $763,735 $584,703 $107,222 $159,493 Other Revenue $4,128 $0 $0 $0 $0 $0 $0 $0
Transfer from Administration/Operations $0 $0 $0 $0 $0 $0 $0 $0 Transfer from Land Acquisition $0 $0 $0 $0 $0 $0 $0 $0
Transfer from Restoration and Enhancement $0 $0 $0 $0 $0 $0 $0 $0 Transfer from Supplemental Endowment $0 $0 $0 $0 $0 $0 $0 $0 Less Drawdown $0 $0 $0 $0 $0 $0 $0 $0
Interest Earnings $74,766 $549,125 $517,906 $473,588 $1,105,207 $501,993 ($3,438,653) $1,897,090 Less Management Fees [2] $0 ($24,671) $0 ($92,534) ($90,892) ($53,795) ($52,766) ($40,066) Adjustment (to balance to 1999 ending bal) $0 $0 $0 $0 $0 $0 $0 $0 Ending Balance $1,730,724 $4,424,499 $5,803,065 $8,148,581 $9,926,631 $10,959,532 $7,575,335 $9,591,852 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-35
Table A-8
NBHCP 2022 Fee Update
O&M Endowment Fund Cash Flow
2010 2011 2012 2013 2014 2015 2016 2017
Item 15 16 17 18 19 20 21 22
Annual Developed Acreage for Fee Estimate 0.3 50.0 80.1 0.0 0.0 5.7 65.5 0.0 Beginning Balance $9,591,852 $10,914,484 $10,778,015 $13,175,111 $15,524,636 $16,310,886 $16,437,061 $18,102,027 Endowment Fund Fee Revenue [1] $42,734 $9,500 $1,113,409 $140,188 $0 $37,691 $505,994 $360,248 Other Revenue $0 $0 $0 $0 $0 $0 $0 $0
Transfer from Administration/Operations $0 ($9,500) $0 $0 $0 $0 $0 $0 Transfer from Land Acquisition $0 $0 $0 $0 $0 $0 $0 $0
Transfer from Restoration and Enhancement $0 $0 $0 $0 $0 $0 $0 $0 Transfer from Supplemental Endowment $0 $0 $0 $0 $0 $0 $0 $0 Less Drawdown $0 $0 $0 $0 $0 $0 $0 $0
Interest Earnings $1,337,968 ($92,131) $1,333,505 $2,266,258 $848,704 $152,493 $1,226,222 $2,799,040 Less Management Fees [2] ($58,070) ($44,338) ($49,818) ($56,921) ($62,454) ($64,009) ($67,250) ($76,729) Adjustment (to balance to 1999 ending bal) $0 $0 $0 $0 $0 $0 $0 $0 Ending Balance $10,914,484 $10,778,015 $13,175,111 $15,524,636 $16,310,886 $16,437,061 $18,102,027 $21,184,586 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-36
Table A-8
NBHCP 2022 Fee Update
O&M Endowment Fund Cash Flow
2018 2019 2020 2021 2022 2023 2024 2025
Item 23 24 25 26 27 28 29 30
Annual Developed Acreage for Fee Estimate 34.8 100.4 218.1 56.4 467.9 181.5 177.0 177.0 Beginning Balance $21,184,586 $20,685,410 $25,372,822 $30,956,080 $34,712,169 $39,771,240 $42,434,053 $45,126,867 Endowment Fund Fee Revenue [1] $257,500 $701,743 $1,747,826 $453,417 $4,166,182 $1,616,375 $1,575,811 $1,575,811 Other Revenue $0 $0 $0 $0 $0 $0 $0 $0
Transfer from Administration/Operations $0 $0 $0 $0 $0 $0 $0 $0 Transfer from Land Acquisition $0 $0 $0 $0 $0 $0 $0 $0
Transfer from Restoration and Enhancement $0 $0 $0 $0 $0 $0 $0 $0 Transfer from Supplemental Endowment $0 $0 $0 $0 $0 $0 $0 $0 Less Drawdown $0 $0 $0 $0 $0 $0 $0 $0
Interest Earnings ($675,424) $4,075,121 $3,933,536 $3,381,775 $1,020,000 $1,193,137 $1,273,022 $1,353,806 Less Management Fees [2] ($81,252) ($89,452) ($98,104) ($79,104) ($127,113) ($146,699) ($156,019) ($165,444) Adjustment (to balance to 1999 ending bal) $0 $0 $0 $1 $2 $0 $0 $0 Ending Balance $20,685,410 $25,372,822 $30,956,080 $34,712,169 $39,771,240 $42,434,053 $45,126,867 $47,891,040 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-37
Table A-8
NBHCP 2022 Fee Update
O&M Endowment Fund Cash Flow
2026 2027 2028 2029 2030 2031 2032 2033
Item 31 32 33 34 35 36 37 38
Annual Developed Acreage for Fee Estimate 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 Beginning Balance $47,891,040 $51,910,457 $56,036,389 $60,271,658 $64,619,162 $69,081,874 $73,662,848 $78,365,218 Endowment Fund Fee Revenue [1] $2,757,805 $2,757,805 $2,757,805 $2,757,805 $2,757,805 $2,757,805 $2,757,805 $2,757,805 Other Revenue $0 $0 $0 $0 $0 $0 $0 $0
Transfer from Administration/Operations $0 $0 $0 $0 $0 $0 $0 $0 Transfer from Land Acquisition $0 $0 $0 $0 $0 $0 $0 $0
Transfer from Restoration and Enhancement $0 $0 $0 $0 $0 $0 $0 $0 Transfer from Supplemental Endowment $0 $0 $0 $0 $0 $0 $0 $0 Less Drawdown $0 $0 $0 $0 $0 $0 $0 $0
Interest Earnings $1,436,731 $1,557,314 $1,681,092 $1,808,150 $1,938,575 $2,072,456 $2,209,885 $2,350,957 Less Management Fees [2] ($175,119) ($189,187) ($203,627) ($218,451) ($233,667) ($249,287) ($265,320) ($281,778) Adjustment (to balance to 1999 ending bal) $0 $0 $0 $0 $0 $0 $0 $0 Ending Balance $51,910,457 $56,036,389 $60,271,658 $64,619,162 $69,081,874 $73,662,848 $78,365,218 $83,192,201 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-38
Table A-8
NBHCP 2022 Fee Update
O&M Endowment Fund Cash Flow
2034 2035 2036 2037 2038 2039 2040 2041
Item 39 40 41 42 43 44 45 46
Annual Developed Acreage for Fee Estimate 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 Beginning Balance $83,192,201 $88,147,099 $93,233,302 $98,454,289 $103,813,633 $109,314,998 $114,962,151 $120,758,952 Endowment Fund Fee Revenue [1] $2,757,805 $2,757,805 $2,757,805 $2,757,805 $2,757,805 $2,757,805 $2,757,805 $2,757,805 Other Revenue $0 $0 $0 $0 $0 $0 $0 $0
Transfer from Administration/Operations $0 $0 $0 $0 $0 $0 $0 $0 Transfer from Land Acquisition $0 $0 $0 $0 $0 $0 $0 $0
Transfer from Restoration and Enhancement $0 $0 $0 $0 $0 $0 $0 $0 Transfer from Supplemental Endowment $0 $0 $0 $0 $0 $0 $0 $0 Less Drawdown $0 $0 $0 $0 $0 $0 $0 $0
Interest Earnings $2,495,766 $2,644,413 $2,796,999 $2,953,629 $3,114,409 $3,279,450 $3,448,865 $3,622,769 Less Management Fees [2] ($298,673) ($316,015) ($333,817) ($352,090) ($370,848) ($390,102) ($409,868) ($430,156) Adjustment (to balance to 1999 ending bal) $0 $0 $0 $0 $0 $0 $0 $0 Ending Balance $88,147,099 $93,233,302 $98,454,289 $103,813,633 $109,314,998 $114,962,151 $120,758,952 $126,709,369 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-39
Table A-8
NBHCP 2022 Fee Update
O&M Endowment Fund Cash Flow
2042 2043 2044 2045 2046 2047 2048 2049
Item 47 48 49 50 51 52 53 54
Annual Developed Acreage for Fee Estimate 309.7 309.7 309.7 309.7 285.6 264.3 264.3 264.3 Beginning Balance $126,709,369 $132,817,472 $139,087,440 $145,523,562 $152,130,241 $158,696,945 $165,248,625 $171,973,924 Endowment Fund Fee Revenue [1] $2,757,805 $2,757,805 $2,757,805 $2,757,805 $2,542,753 $2,353,711 $2,353,711 $2,353,711 Other Revenue $0 $0 $0 $0 $0 $0 $0 $0
Transfer from Administration/Operations $0 $0 $0 $0 $0 $0 $0 $0 Transfer from Land Acquisition $0 $0 $0 $0 $0 $0 $0 $0
Transfer from Restoration and Enhancement $0 $0 $0 $0 $0 $0 $0 $0 Transfer from Supplemental Endowment $0 $0 $0 $0 $0 $0 $0 $0 Less Drawdown $0 $0 $0 $0 $0 $0 $0 $0
Interest Earnings $3,801,281 $3,984,524 $4,172,623 $4,365,707 $4,563,907 $4,760,908 $4,957,459 $5,159,218 Less Management Fees [2] ($450,983) ($472,361) ($494,306) ($516,832) ($539,956) ($562,939) ($585,870) ($609,409) Adjustment (to balance to 1999 ending bal) $0 $0 $0 $0 $0 $0 $0 $0 Ending Balance $132,817,472 $139,087,440 $145,523,562 $152,130,241 $158,696,945 $165,248,625 $171,973,924 $178,877,444 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-40
Table A-8
NBHCP 2022 Fee Update
O&M Endowment Fund Cash Flow
2050 2051 2052 2053
Item 55 56 57 58
Annual Developed Acreage for Fee Estimate 264.3 264.3 264.3 0.0 Beginning Balance $178,877,444 $185,963,907 $193,238,162 $239,912,510 Endowment Fund Fee Revenue [1] $2,353,711 $2,353,711 $2,353,711 $0 Other Revenue $0 $0 $0 $0
Transfer from Administration/Operations $0 $0 $14,037,720 $0 Transfer from Land Acquisition $0 $0 $7,927,200 $0
Transfer from Restoration and Enhancement $0 $0 $4,318,671 $0 Transfer from Supplemental Endowment $0 $0 $12,923,734 $0 Less Drawdown $0 $0 $0 ($6,352,033)
Interest Earnings $5,366,323 $5,578,917 $5,797,145 $7,197,375 Less Management Fees [2] ($633,571) ($658,374) ($683,834) ($847,194) Adjustment (to balance to 1999 ending bal) $0 $0 $0 $0
Ending Balance $185,963,907 $193,238,162 $239,912,510 $239,910,658 endow
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-41
2022 Fee Update
Table A-9 17,500 developable acres; 95% assumed to develop Assumes:
NBHCP 2022 Fee Update 1/2 acre of mitigation land per gross acre of developed land 0.0% Inflation Supplemental Endowment Fund Cash Flow 25% marsh, 50% rice, 25% other 3.0% Interest Rate Assumptions TOTAL 1996 1997 1998 1999 2000 2001 2002 2003 (for years 2023+) 1996-2053 1 2 3 4 5 6 7 8
Annual Developed Acreage for Fee Calculation 16,625.0 30.4 104.9 1,380.4 1,466.5 598.1 242.6 777.8 1,041.9 Beginning Balance $0 $0 $0 $0 $0 $0 $0 $36,390 $183,710 Revenues
Fee Revenue [1] $813 per dev acre $9,248,207 $0 $0 $0 $0 $0 $36,390 $146,228 $448,003 Interest Earnings 3% of beg. bal. $13,636,253 $0 $0 $0 $0 $0 $0 $1,092 $85,034 Costs
Fees and Taxes [2] 0.35% of beg. bal. ($1,330,973)
200-Acre Acquisition $0 per acq. acre $0 $0 $0 $0 $0 $0 $0 $0 $0 Changed Circumstances Contingency [3] $250 per dev acre ($3,006,102) $0 $0 $0 $0 $0 $0 $0 ($260,467) Changed Circumstances Interest [4] ($5,623,652) $0 $0 $0 $0 $0 $0 $0 $0 Land Acquisition Loan/Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to Endowment ($12,923,734) $0 $0 $0 $0 $0 $0 $0 $0 Drawdown $0 $0 $0 $0 $0 $0 $0 $0 $0
Ending Balance $0 $0 $0 $0 $0 $0 $36,390 $183,710 $456,279 [1] 2013 amount reflects Metro Air Park catch up fees from 2006. [2] 0.35% of beginning balance for 2022+.
[3] The balance on the Changed Circum stances Fund is estimated below:
[4] Portion of annual interest earnings to transfer to Changed Circumstance Contingency Fund.
Changed Circumstances Contingency Fund [5]
B e g i n n i n g B a l a n c e $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 $ 0 Revenues $3,006,102 $0 $0 $0 $0 $0 $0 $0 $260,467
Interest Earnings 3% of beg. bal. $5,909,564 $0 $0 $0 $0 $0 $0 $0 $0 Management Fees [6] 0.35% of beg. bal. ($59,389) $0 $0 $0 $0 $0 $0 $0 $0 Transfer to Endowment $0 $0 $0 $0 $0 $0 $0 $0 $0
Ending Balance $8,856,278 $0 $0 $0 $0 $0 $0 $0 $260,467 [5] This fund provides for adaptive management or changed circumstances of the NBHCP. [6] Includes fund management fees after buildout and transfer of other Supplemental Endowment Funds.
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-42
Table A-9
NBHCP 2022 Fee Update
Supplemental Endowment Fund Cash Flow
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
9 10 11 12 13 14 15 16 17 18 19
Annual Developed Acreage for Fee Calculation 347.7 678.4 132.2 103.2 19.1 21.1 0.3 50.0 80.1 0.0 0.0 Beginning Balance $456,279 $558,116 $784,582 $980,519 $1,103,939 $780,438 $992,621 $1,120,982 $1,091,013 $1,288,823 $1,534,508 Revenues
Fee Revenue [1] $164,314 $361,478 $141,638 $96,517 $17,116 $18,764 $4,153 $0 $92,194 $31,686 $0 Interest Earnings $38,420 $81,658 $171,986 $95,797 ($544,080) $342,529 $223,905 ($16,465) $227,060 $374,347 $137,685 Costs
Fees and Taxes [2] ($14,981) ($12,781) ($4,290) ($8,788) ($6,825) ($9,986) ($7,617) ($8,316) ($9,339) ($10,273) 200-Acre Acquisition $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Changed Circumstances Contingency [3] ($86,935) ($169,597) ($33,048) ($25,788) ($4,778) ($5,270) ($80) ($12,500) ($20,030) ($11) $0 Changed Circumstances Interest [4] ($13,962) ($32,092) ($71,857) ($38,817) $217,028 ($137,015) ($89,631) $6,612 ($93,097) ($150,998) ($55,052) Land Acquisition Loan/Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to Endowment
$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Drawdown $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Ending Balance $558,116 $784,582 $980,519 $1,103,939 $780,438 $992,621 $1,120,982 $1,091,013 $1,288,823 $1,534,508 $1,606,868 Changed Circumstances Contingency Fund [5]
Beginning Balance $260,467 $361,364 $563,053 $667,959 $732,563 $520,312 $662,597 $752,308 $758,196 $871,323 $1,022,332 Revenues $86,935 $169,597 $33,048 $25,788 $4,778 $5,270 $80 $12,500 $20,030 $11 $0 Interest Earnings $13,962 $32,092 $71,857 $38,817 ($217,028) $137,015 $89,631 ($6,612) $93,097 $150,998 $55,052 Management Fees [6] $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Transfer to Endowment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Ending Balance $361,364 $563,053 $667,959 $732,563 $520,312 $662,597 $752,308 $758,196 $871,323 $1,022,332 $1,077,384 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-43
Table A-9
NBHCP 2022 Fee Update
Supplemental Endowment Fund Cash Flow
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
20 21 22 23 24 25 26 27 28 29
Annual Developed Acreage for Fee Calculation 5.7 65.5 0.0 34.8 100.4 218.1 56.4 467.9 181.5 177.0 Beginning Balance $1,606,868 $1,613,377 $1,747,122 $2,032,404 $1,964,019 $2,361,762 $1,247,680 $1,398,298 $0 $1,207,687 Revenues
Fee Revenue [1] $3,108 $41,718 $28,784 $17,975 $48,984 $139,354 $36,258 $380,403 $147,587 $143,883 Interest Earnings $25,630 $199,965 $451,381 ($108,145) $651,591 $359,669 $335,530 $100,000 $0 $104,793 Costs
Fees and Taxes [2] ($10,529) ($10,972) ($12,364) ($13,035) ($14,207) ($12,115) ($7,859) ($12,610) ($3,160) ($12,226) 200-Acre Acquisition $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Changed Circumstances Contingency [3] ($1,413) ($16,378) $0 ($8,698) ($25,095) ($54,530) ($14,097) ($116,975) ($45,383) ($44,244) Changed Circumstances Interest [4] ($10,287) ($80,589) ($182,519) $43,518 ($263,530) ($146,460) ($199,213) ($59,292) $0 ($68,562) Land Acquisition Loan/Repayment $0 $0 $0 $0 $0 ($1,400,000) $0 ($1,689,823) $1,108,644 $436,617 Transfer to Endowment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Drawdown $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Ending Balance $1,613,377 $1,747,122 $2,032,404 $1,964,019 $2,361,762 $1,247,680 $1,398,298 $0 $1,207,687 $1,767,948 Changed Circumstances Contingency Fund [5]
Beginning Balance $1,077,384 $1,089,084 $1,186,050 $1,368,570 $1,333,750 $1,622,374 $1,823,365 $2,036,675 $902,765 $2,285,409 Revenues $1,413 $16,378 $0 $8,698 $25,095 $54,530 $14,097 $116,975 $45,383 $44,244 Interest Earnings $10,287 $80,589 $182,519 ($43,518) $263,530 $146,460 $199,213 $59,292 $27,083 $68,562 Management Fees [6] $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Transfer to Endowment $0 $0 $0 $0 $0 $0 $0 ($1,310,177) $1,310,177 $0 Ending Balance $1,089,084 $1,186,050 $1,368,570 $1,333,750 $1,622,374 $1,823,365 $2,036,675 $902,765 $2,285,409 $2,398,215 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-44
Table A-9
NBHCP 2022 Fee Update
Supplemental Endowment Fund Cash Flow
2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035
30 31 32 33 34 35 36 37 38 39 40
Annual Developed Acreage for Fee Calculation 177.0 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 Beginning Balance $1,767,948 $2,342,660 $3,430,070 $3,934,199 $4,202,945 $4,478,245 $4,760,255 $5,049,137 $5,345,054 $5,648,174 $5,958,669 Revenues
Fee Revenue [1] $143,883 $251,808 $251,808 $251,808 $251,808 $251,808 $251,808 $251,808 $251,808 $251,808 $251,808 Interest Earnings $124,985 $145,712 $182,920 $202,768 $215,695 $228,965 $242,587 $256,570 $270,923 $285,657 $300,781 Costs
Fees and Taxes [2] ($14,582) ($17,000) ($21,341) ($23,656) ($25,164) ($26,713) ($28,302) ($29,933) ($31,608) ($33,327) ($35,091) 200-Acre Acquisition $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Changed Circumstances Contingency [3] ($44,244) ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) Changed Circumstances Interest [4] ($71,946) ($75,432) ($80,018) ($84,742) ($89,607) ($94,618) ($99,779) ($105,096) ($110,572) ($116,212) ($122,021) Land Acquisition Loan/Repayment $436,617 $859,753 $248,192 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to Endowment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Drawdown $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Ending Balance $2,342,660 $3,430,070 $3,934,199 $4,202,945 $4,478,245 $4,760,255 $5,049,137 $5,345,054 $5,648,174 $5,958,669 $6,276,714 Changed Circumstances Contingency Fund [5]
Beginning Balance $2,398,215 $2,514,406 $2,667,270 $2,824,720 $2,986,893 $3,153,932 $3,325,981 $3,503,192 $3,685,720 $3,873,723 $4,067,366 Revenues $44,244 $77,432 $77,432 $77,432 $77,432 $77,432 $77,432 $77,432 $77,432 $77,432 $77,432 Interest Earnings $71,946 $75,432 $80,018 $84,742 $89,607 $94,618 $99,779 $105,096 $110,572 $116,212 $122,021 Management Fees [6] $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Transfer to Endowment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Ending Balance $2,514,406 $2,667,270 $2,824,720 $2,986,893 $3,153,932 $3,325,981 $3,503,192 $3,685,720 $3,873,723 $4,067,366 $4,266,819 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-45
Table A-9
NBHCP 2022 Fee Update
Supplemental Endowment Fund Cash Flow
2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046
41 42 43 44 45 46 47 48 49 50 51
Annual Developed Acreage for Fee Calculation 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 309.7 285.6 Beginning Balance $6,276,714 $6,602,489 $6,936,178 $7,277,969 $7,628,055 $7,986,632 $8,353,903 $8,730,072 $9,115,352 $9,509,957 $9,914,108 Revenues
Fee Revenue [1] $251,808 $251,808 $251,808 $251,808 $251,808 $251,808 $251,808 $251,808 $251,808 $251,808 $232,172 Interest Earnings $316,306 $332,242 $348,601 $365,393 $382,630 $400,324 $418,487 $437,131 $456,269 $475,915 $496,081 Costs
Fees and Taxes [2] ($36,902) ($38,762) ($40,670) ($42,629) ($44,640) ($46,704) ($48,823) ($50,999) ($53,231) ($55,523) ($57,876) 200-Acre Acquisition $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Changed Circumstances Contingency [3] ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) ($77,432) ($71,394) Changed Circumstances Interest [4] ($128,005) ($134,168) ($140,516) ($147,054) ($153,789) ($160,725) ($167,870) ($175,229) ($182,809) ($190,616) ($198,657) Land Acquisition Loan/Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Transfer to Endowment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Drawdown $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Ending Balance $6,602,489 $6,936,178 $7,277,969 $7,628,055 $7,986,632 $8,353,903 $8,730,072 $9,115,352 $9,509,957 $9,914,108 $10,314,434 Changed Circumstances Contingency Fund [5]
Beginning Balance $4,266,819 $4,472,255 $4,683,854 $4,901,801 $5,126,287 $5,357,507 $5,595,664 $5,840,966 $6,093,626 $6,353,867 $6,621,914 Revenues $77,432 $77,432 $77,432 $77,432 $77,432 $77,432 $77,432 $77,432 $77,432 $77,432 $71,394 Interest Earnings $128,005 $134,168 $140,516 $147,054 $153,789 $160,725 $167,870 $175,229 $182,809 $190,616 $198,657 Management Fees [6] $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Transfer to Endowment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Ending Balance $4,472,255 $4,683,854 $4,901,801 $5,126,287 $5,357,507 $5,595,664 $5,840,966 $6,093,626 $6,353,867 $6,621,914 $6,891,965 Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-46
Table A-9
NBHCP 2022 Fee Update
Supplemental Endowment Fund Cash Flow
2047 2048 2049 2050 2051 2052 2053
52 53 54 55 56 57 58
Annual Developed Acreage for Fee Calculation 264.3 264.3 264.3 264.3 264.3 264.3 0.0 Beginning Balance $10,314,434 $10,712,470 $11,120,098 $11,537,546 $11,965,042 $12,402,824 $0 Revenues
Fee Revenue [1] $214,911 $214,911 $214,911 $214,911 $214,911 $214,911 $0 Interest Earnings $516,192 $536,318 $556,978 $578,185 $599,955 $622,301 $0 Costs
Fees and Taxes [2] ($60,222) ($62,570) ($64,981) ($67,455) ($69,995) $0 $0 200-Acre Acquisition $0 $0 $0 $0 $0 $0 $0
Changed Circumstances Contingency [3] ($66,086) ($66,086) ($66,086) ($66,086) ($66,086) ($66,086) $0 Changed Circumstances Interest [4] ($206,759) ($214,944) ($223,375) ($232,059) ($241,003) ($250,216) $0 Land Acquisition Loan/Repayment $0 $0 $0 $0 $0 $0 $0
Transfer to Endowment $0 $0 $0 $0 $0 ($12,923,734) $0
Drawdown $0 $0 $0 $0 $0 $0 $0
Ending Balance $10,712,470 $11,120,098 $11,537,546 $11,965,042 $12,402,824 $0 $0 Changed Circumstances Contingency Fund [5]
Beginning Balance $6,891,965 $7,164,810 $7,445,840 $7,735,301 $8,033,446 $8,340,535 $8,627,645 Revenues $66,086 $66,086 $66,086 $66,086 $66,086 $66,086 $0 Interest Earnings $206,759 $214,944 $223,375 $232,059 $241,003 $250,216 $258,829 Management Fees [6] $0 $0 $0 $0 $0 ($29,192) ($30,197)
Transfer to Endowment $0 $0 $0 $0 $0 $0 $0
Ending Balance $7,164,810 $7,445,840 $7,735,301 $8,033,446 $8,340,535 $8,627,645 $8,856,278 sup endow
Prepared by EPS 11/22/2021 Z:\Shared\Projects\SAC\212000\212066 NBHCP Fee Update 2022\Models\212066 m4 A-47