The URL can be used to link to this page

Home My WebLink About08/19/1997, C-6 - ANNUAL STATEMENTS OF REVENUES AND EXPENDITURES FROM DEVELOPMENT IMPACT FEES Council j agenba Repout CITY OF SAN LUIS OBISPO FROM: Bill Statler,Director of Finance j Prepared By: Linda Aspnon,Revenue Manager SUBJECT: ANNUAL STATEMENTS OF REVENUES AND EXPENDITURES FROM DEVELOPMENT IMPACT FEES CAO RECOMNMNDATION Receive and file annual statements of revenues and expenditures from development impact fees for 1996-97(water,wastewater and transportation). DISCUSSION Background On September 3, 1991, the Council adopted Ordinance 1200 implementing water and wastewater impact fees. On April 5, 1994, the Council adopted Ordinance 1256 implementing transportation impact fees. These fees are to be used in mitigating the impacts of future development on water, wastewater and transportation 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, wastewater, and transportation impact fee statements have been prepared and are included as Exhibits A,B and C respectively. Impact Fee Statements for Fiscal Year 1996-97 Both the water and wastewater impact fee statements show the amount of fees collected during fiscal years 1991-92, 1992-93, 1993-94, 1994-95, 1995-96, and 1996-97. The transportation impact fee statement shows the amount of fees collected during fiscal year 1995-96 and 1996-97, as the impact fee was implemented July 1, 1995. The project and debt service costs listed are the obligations analyzed in the impact fee study adopted by the Council upon which the fees are based. Since total 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 impact fee Council Agenda Report-Revenues and Expenditures from Development Impact Fees Page 2 studies for the wastewater and transportation calculation, and the Urban Water Management Plan for the water calculation, are identified for funding from the impact fees. Conclusion 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. EXIBBITS A. Water impact fee statement for fiscal year 1996-97 B. Wastewater impact fee statement for fiscal year 1996-97 C. Transportation impact fee statement for fiscal year 1996-97 C6-� EXHIBIT A City of San Luis Obispo Water Impact Fee Statement for Fiscal Year 1996-97 Impact Fees Collected Water Impact Fees collected in prior years $298,210 Water Impact Fees collected during 1996-97 $231,308 Interest on Impact Fees collected $0 Total Water Impact Fees Available $529,518 Supply Costs Capital Expenditures Funded by Impact Fees Salinas Reservoir Expansion prior years $632,374 Salinas Reservoir Expansion during 1996-97 $208,329 Nacimiento Water Project prior years $79,043 Nacimiento Water Project during 1996-97 $157,843 Water Reuse Project prior years $26,624 Water Reuse Project during 1996-97 $35,128 Total Expenditures $1,139,341 Percentage applicable to future development* 67.5% C[i s: Ifowiffif f)r.#pin :h.:.�i M' �t F+��s:. :,<:::..:.:..:.<.:.<..:.:. :..:...............:<:>.................:<:>..�X ,�,a��.: TR Treatment Costs Debt Service Funded by Impact Fees 1993 Water Revenue Bonds Debt Service paid during 1993-94 $710,363 Debt Service paid during 1994-95 $756,204 Debt Service paid during 1995-96 $752,704 Debt Service paid during 1996-97 $753,954 Total Debt Service $2,973,225 Percentage applicable to future development" 22.5% `i < "" ` G _ n(_ ii =`<= ti>E> r'` 'j { >><`r;>:i;2ic!;;c ?$?�!:> ogh ailasuaie far fn by �tBT met F8x7�S Total Costs Allowable for funding by Water Impact Fees $1,438,031 Water Impact Fee Balance ($908,513) Percentage based upon the Urban Water Management Plan adopted by Council on November 15, 1994. �-�-3 EXHIBIT B City of San Luis Obispo Wastewater Impact Fee Statement for Fiscal Year 1996-97 Impact Fees Collected. Wastewater Impact Fees collected in prior years $360,277 Wastewater Impact Fees collected during 1996-97 $235,395 Interest on Impact Fees collected $0 Total Wastewater Impact Fees Available $595,672 Treatment and Trunk Collection Costs Debt Service Funded by Impact Fees 1992 State Revolving Fund Loan Debt Service paid during 1993-94 $2,051,329 Debt Service paid during 1994-95 $2,120,642 Debt Service paid during 1995-96 $2,135,672 Debt Service paid during 1996-97 $2,135,682 Total Debt Service $8,443,325 Percentage applicable to future development:* ..,.:::::.8%.. nvawWs:: ctr:: tl< .. 1l�ust..... : :.::::::::::::::::::::::::::::.:.,:::.::::::::::.,..,::::::.,.::::::::::::::::::::::::::.:::::::::......:.,..:::>. ...............................I ....Y............... ...... Total Costs Allowable for funding by Wastewater Impact Fees $675,466 Wastewater Impact Fee Balance ($79,794) Percentage based upon impact fee study adopted by Council on September 3, 1991. EXHIBIT C City of San Luis Obispo Transportation Impact Fee Statement for Fiscal Year 1996-97 Fund Balance, Beginning of Year 1995-96 $0 Impact Fees Collected Transportation Impact Fees collected during 1995-96 $224,500 Transportation Impact Fees collected during 1996-97 $163,100 Interest on Impact Fees collected 18,300 Total Transportation Impact Fee Revenue $405,900 Capital Expenditures Funded by Impact Fees Computer Traffic Model during 1996-97 $27,200 Railroad Bike Path Phase I - SPRR Right of Way during 1995-96 $181,000 Railroad Bike Path Phase I - SPRR Right of Way during 1996-97 $30,100 Total Costs Allowable for funding by Transportation Impact Fees $238,300 Fund Balance, End of Year June 30, 1997 $167,600