HomeMy WebLinkAbout09/21/1993, C-7 - ANNUAL STATEMENTS OF REVENUES AND EXPENDITURES FROM WATER AND WASTEWATER IMPACT FEES IIIN^IyIIII�Illlllll� 11 MEETING GATE:
II II ���U� civy of san pais osIspo
92 COUNCIL AGENDA RFPRRT ITEM NUMBER:
FROM: William C. Statler, Director of Finance
Prepared by: Linda Asprion, Revenue Manager
SUBJECT: ANNUAL STATEMENTS OF REVENUES AND EXPENDITURES FROM
WATER AND WASTEWATER IMPACT FEES
CAO RECOMMENDATION
Receive and file annual statements of revenues and expenditures from water and wastewater
impact fees for 1992-93.
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 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 1992-93
Both the water and wastewater impact fee statements show the amount of fees collected
during fiscal year 1991-92 and fiscal year 1992-93. 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.
C- 7-/
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City of San Luis Obispo
Water Impact Fee Statement for Fiscal Year 1992-93
Impact Fees Collected
Water Impact Fees collected in prior years $49,231
Water Impact Fees collected during 1992-93 $41,405
Interest on Impact Fees collected $0
Total Water Impact Fees Available $90,636
Capital Expenditures Funded by Impact Fees
Salinas Reservoir Expansion prior years $219,647
Salinas Reservoir Expansion during 1992-93 $181,464
Total Expenditures $401,111
Percentage applicable to future development* 64%
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Water Treatment Plant Upgrade prior years $877,587
Water Treatment Plant Upgrade during 1992-93 $901,302
Total Expenditures $1,778,889
Percentage applicable to future development* 33%
Total Costs Allowable for funding by Water Impact Fees $843,744
Water Impact Fee Balance ($753,108)
* Percentage based upon impact fee study adopted by Council on September 3, 1991.
C - 7-Z
Exhibit_
City of San Luis Obispo
Wastewater Impact Fee Statement for Fiscal Year 1992-93
Impact Fees Collected
Wastewater Impact Fees collected in prior years $32,308
Wastewater Impact Fees collected during 1992-93 $38,806
Interest on Impact Fees collected $0
Total Wastewater Impact Fees Available $71,114
Capital Expenditures Funded by Impact Fees
Relief Sewer Main Improvements prior years $4,122,436
Relief Sewer Main Improvements during 1992-93 $57,407
Total Expenditures $4,179,843
Percentage applicable to future development* 8%
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Treatment Plant Unit 3 prior years $12,771,339
Treatment Plant Unit 3 during 1992-93 $2,557,318
Total Expenditures $15,328,657
Percentage applicable to future development* 8%
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Treatment Plant Unit 4 prior years $4,358,725
Treatment Plant Unit 4 during 1992-93 $7,392,474
Total Expenditures $11,751,199
Percentage applicable to future development* 8%
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Total Costs Allowable for funding by Wastewater Impact Fees $2,500,776
Wastewater Impact Fee Balance ($2,429,662)
* Percentage based upon impact fee study adopted by Council on September 3, 1991.