HomeMy WebLinkAbout10/04/1994, C-6 - ANNUAL STATEMENTS OF REVENUES AND EXPENDITURES FROM WATER AND WASTEWATER IMPACT FEES city of SanLUIS OBISPO
COUNCIL AGENDA REPOTM MIT
yew NUMBER:
FROM: William C. Statler, Director of Finance WZr
Prepared by: Linda Asprion, Revenue Manager/*Ao��
SUBJECT: ANNUAL STATEMENTS OF REVENUES AND EXPENDITURES FROM
WATER AND WASTEWATER IMPACT FEES
CAO RECOMN[ENDATION
Receive and file annual statements of revenues and expenditures from water and wastewater
impact fees for 1993-94.
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 fiscal year. The local
agency shall review this information at the next regularly scheduled public meeting
after the availability of the information
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 1993-94
Both the water and wastewater impact fee statements show the amount of fees collected during
fiscal years 1991-92, 1992-93, and 1993-94. 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.
city of San lues osIspo
Mia; COUNCIL AGENDA REPORT
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.
EXMITS
A. Water impact fee statement for fiscal year 1993-94
B. Wastewater impact fee statement for fiscal year 1193-94
G44
EXHIBIT A
City of San Luis Obispo
Water Impact Fee Statement for Fiscal Year 1993-94
Impact Fees Collected
Water Impact Fees collected in prior years $90,636
Water Impact Fees collected during 1993-94 $75,467
Interest on Impact Fees collected $0
Total Water Impact Fees Available $166,103
Capital Expenditures Funded by Impact Fees
Salinas Reservoir Expansion prior years $401,111
Salinas Reservoir Expansion during 1993-94 $109,395
Total Expenditures $510,506
Percentage applicable to future development* 64%
Fur`y.XGkS:, 1.o.... :1111111
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Water Treatment Plant Upgrade prior years $1,778,889
Water Treatment Plant Upgrade during 1993-94 $7,470,530
Total Expenditures $9,249,419
Percentage applicable to future development* 33%
..F:?P<i..�SETA "`5:�';{.:S.L.��ay'.soao'%::o�;i.''a .�r.:'�'@`Env'''g:f•?�:�"y: S£,.�'�A�S:`'a�a.•'S:. ya;h;?:k{R'.,�'.i{
Total Costs Allowable for funding by Water Impact Fees $3,379,032
Water Impact Fee Balance ($3,212,929)
*Percentage based upon impact fee study adopted by Council on September 3, 1991.
EXHIBIT B
City of San Luis Obispo
Wastewater Impact Fee Statement for Fiscal Year 1993-94
Impact Fees Collected
Wastewater Impact Fees collected in prior years $71,114
Wastewater Impact Fees collected during 1993-94 $97,690
Interest on Impact Fees collected $0
Total Wastewater Impact Fees Available $168,804
Capital Expenditures Funded by Impact Fees
Relief Sewer Main Improvements prior years $4,179,843
Relief Sewer Main Improvements during 1993-94 . $0
Total Expenditures $4,179,843
kercenlaggappllca�.Ieto future develo menta`k::..+.\Y .: ,�. $ i>k`f�,3'){.: �:�j;i:J:�Sf iii;•:
Treatment Plant Unit 3 prior years R $15,328,657
Treatment Plant Unit 3 during 1993-94 $529,177
Total Expenditures $15,857,834
Percentage applicable to future development" 8%
Treatment Plant Unit 4 prior years $11,751,199
Treatment Plant Unit 4 during 1993-94 $1,955,921
Total Expenditures $13,707,120
Percentage applicable to future development* y 8%
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�j�f�INN... f �{.3.9 v. 1.:.,q+i.4C f3.K,�2.�..f' •` iii:):
Total Costs Allowable for funding by Wastewater Impact Fees $2,699,584
Wastewater Impact Fee Balance ($2,530,780)
*Percentage based upon impact fee study adopted by Council an September 3, 1991.