HomeMy WebLinkAbout12/01/1992, C-4 - ANNUAL STATEMENTS OF REVENUES AND EXPENDITURES FROM WATER AND WASTEWATER IMPACT FEES I}III�II��III���I�III
city f MEETING DATE:
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COUNCIL AGENDA R ORT nW NUM R:
FROM: William C. Statler, Director of Finance 11*
�Prepared by: Linda Asprion, Revenue ManageSUBJECT: ANNUAL STATEMENTS OF REVENUES ANDEXPENDITURES FROM
WATER AND WASTEWATER IMPACT FEES
CAO RECOMMENDATION
Receive and file annual statements of revenues and expenditures from water and wastewater
impact fees for 1991-92.
DISCUSSION
Background
On September 3, 1991, the Council adopted Ordinance 1200 implementing water and
wastewater impact fees to be used in mitigating the impacts of future development on water
and wastewater facilities. These fees were implemented within the regulatory guidelines of
AB 1600 and continue to be regulated by this legislation. One of the key requirements of
AB 1600 is the following:
The local agency shall make available to the public the beginning and ending balance
for the fiscal year and the fee, interest, and other income and the amount of expenditure
by public facility and the amount of refunds made during the focal year. The local
agency shall review this infonnation at the next regularly scheduled public meeting after
the availability of the infonnation.
In order to comply with these requirements, water and wastewater impact fee statements
have been prepared and are included as Exhibits A and B respectively.
Impact Fee Statements for Fiscal Year 1991-92
Both the water and wastewater impact fee statements show that no fees were collected in
prior years and the amount of fees collected during fiscal year 1991-92. The projects listed
under "capital expenditures" are the facilities analyzed in the impact fee study adopted by
the Council upon which the fees are based. Since total facility costs were used in the .
analysis, prior expenditures for these facilities are available to be funded by the impact fees
along with current year expenditures. It should be noted that only the percentage of the
expenditures attributable to future development as identified in the study are identified for
funding from the impact fees.. As the statements indicate, both accounts have expenditures
that exceed the impact fees collected, and as such, there were no interest earnings on these
accounts.
SUMMARY
To be in compliance with AB 1600, the City must make available to the public an annual
statement showing the collection of impact fees and how these fees were spent. The
attached exhibits provide the appropriate information to meet the City's responsibility.
Exhibit
City of San Luis Obispo
Water Impact Fee Statement for Fiscal Year 1991-92
Impact Fees Collected
Water Impact Fees collected in prior years $0
Water Impact Fees collected during 1991-92 $49,231
Interest on Impact Fees collected $0
Total Water Impact Fees Available $49,231
Capital Expenditures Funded by Impact Fees
Salinas Reservoir Expansion prior years $168,968
Salinas Reservoir Expansion during 1991-92 $50,679
Total Expenditures $219,647
Percentage applicable to future development' 64%
Costs allowable`for funding by Water.Impact..Fees $140,574::
Water Treatment Plant Upgrade prior years $710,708
Water Treatment Plant Upgrade during 1991-92 $166,879
Total Expenditures $877,587
Percentage applicable to future development" 33%
Costs al[owabl6.for funding by Water Impact Fees $289,604 ;
Total Costs Allowable for funding by Water Impact Fees $430,178
Water Impact Fee Balance ($380,947)
Percentage based upon impact fee study adopted by Council on September 3, 1991.
Exhibit.
City of San Luis Obispo
Wastewater Impact Fee Statement for Fiscal Year 1991-92
Impact Fees Collected
Wastewater Impact Fees collected in prior years $0
Wastewater Impact Fees collected during 1991-92 $32,308
Interest on Impact Fees collected $0
Total Wastewater Impact Fees Available $32,308
Capital Expenditures Funded by Impact Fees
Relief Sewer Main Improvements prior years $351,230
Relief Sewer Main Improvements during 1991-92 $3,771,206
Total Expenditures $4,122,436
Percentage applicable to future development" 8%
Costs allowable for funding by Wastewater Impact Fees $329,795
Treatment Plant Unit 3 prior years $1,022,660
Treatment Plant Unit 3 during 1991-92 $12,389,980
Total Expenditures $13,412,640
Percentage applicable to future development' 8%
Costs allowable.for funding by Wastewater Impact Fees $1,073,1)11
Treatment Plant Unit 4 prior years $1,415,647
Treatment Plant Unit 4 during 1991-92 $3,080,431
Total Expenditures $4,496,078
Percentage applicable to future development" 8%
Costs allowable for funding by Wastewater Impact Fees $359,686:..
Total Costs Allowable for funding by Wastewater Impact Fees $1,762,492
Wastewater Impact Fee Balance ($1,730,184)
Percentage based upon impact fee study adopted by Council on September 3, 1991.
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