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HomeMy WebLinkAboutAgenda Report - September 7, 2016 C-14CITY OF LODI COUNCIL COMMUNICATION AGENDA ITEM C-14 TM AGENDA TITLE: Adopt Resolution Approving Impact Mitigation Fee Program Annual Report for Fiscal Year 2015/16 MEETING DATE: September 7, 2016 PREPARED BY: Public Works Director RECOMMENDED ACTION: Adopt resolution approving Impact Mitigation Fee Program Annual Report for Fiscal Year 2015/16. BACKGROUND INFORMATION: The City's Development Impact Mitigation Fee (IMF) program consists of 11 separate fee categories, plus the Art in Public Places set-aside. The categories are Electric, Water, Wastewater, Streets, Regional Transportation, Storm, Police, Fire, Parks and Recreation, General City Facilities, and Neighborhood Parks. The fees can only be used for capital improvements and/or debt service to accommodate new growth. The fees were established in 1991 and updated in 2012. In accordance with the State's annual reporting requirements, staff has prepared the following exhibits: Exhibit A - A summary of the current fee amount, beginning and ending balances for each fee account, total fees collected, interest earned, and total expenditures from each account for Fiscal Year (FY) 2015/16. Exhibit B - A summary by account of IMF expenditures during FY 2015/16. The Lodi Municipal Code provides the City Manager authority to establish loans between impact fee funds to assure adequate project cash flow. This is reflected in Exhibit A where revenue generated in the Fire fund is being used to repay debt service on an interfund loan from the Water fund. The $1.6 million loan was used to advance construction of Fire Station No. 4 in 2001, prior to funding availability. Per State law, the annual report must be available for public review at least 15 days prior to City Council action. The annual report has been posted on the City's website and the Lodi News Sentinel and the Stockton Record, have been notified of the report's availability. FISCAL IMPACT: Not applicable. FUNDING AVAILABLE: Not applicable. CA.1-QC__Qc) Charles E. Swimley, Jr. Public Works Director Prepared by Rebecca Areida-Yadav, Public Works Management Analyst FWS/RAY/tdb Attachments APPROVED: Stephen Schwabauet ity Manager K:\WP\IMFees\CIMFAnnualReport_1516.doc 8/24/16 K:\W P\IMFees\IMFAnnualReport2015-16.xls A I B I C 1 D I E I F I G I H I I I J I K I L I M 1 EXHIBIT A 2 IMPACT MITIGATION FEE PROGRAM 3 FY 2015/16 Annual Report 4 5 6 Fee: Electrical Wastewater Water Storm Drain Streets Regional Transp Police Fire Parks & Rec General Facilities Neighborhood Parks Art in PP 7 Fund #: 505 533 562 535 308 314 435 436 437 438 439 434 8 9 Fee Amount 336 1,720 1,263 567 289 3,028 307 157 1,584 251 1,016 33 10 11 Fund Balance - Beginning of Year 913,438.45 42,730.08 1,238,076.22 845,660.03 354,498.17 332,110.80 47,423.77 (1,165,308.70) 358,078.59 (32,150.54) 0.00 141,901.85 12 13 Revenues: 14 Investment Revenues 336 2,568.70 1,749.49 7,980.71 7,365.92 7,422.35 2,292.36 954.17 9,310.40 1,338.60 317.91 1,321.94 15 Impact Mitigation Fees 148,288.53 398,471.56 297,213.41 45,480.69 361,716.79 671,994.37 154,401.02 121,551.95 466,095.27 127,526.55 64,864.63 16,844.28 16 Other Revenue 17 18 Total Revenue 148,624.53 401,040.26 298,962.90 53,461.40 369,082.71 679,416.72 156,693.38 122,506.12 475,405.67 128,865.15 65,182.54 18,166.22 19 20 21 Expenditures: 22 Capital Projects 0.00 0.00 0.00 0.00 0.00 (233,673.14) 0.00 0.00 (102,576.47) 0.00 0.00 (5,258.52) 23 24 Total Expenditures 0.00 0.00 0.00 0.00 0.00 (233,673.14) 0.00 0.00 (102,576.47) 0.00 0.00 (5,258.52) 25 26 27 Other Sources (Uses): 28 Operating Transfers In 29 Operating Transfers Out (200,000.00) 30 31 Total Other Sources (Uses) 0.00 (200,000.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32 33 34 Total Fund Balance - End of Year 1,062,062.98 $243,770.34 $ 1,537,039.12 $899,121.43 $723,580.88 $777,854.38 $204,117.15 ($1,042,802.58) $730,907.79 $96,714.61 $65,182.54 $154,809.55 35 Change in Receivables/Payables (2) (180,260.13) (183,272.00) (131,878.88) (19,548.22) (41,093.96) (793.59) (43,199.54) (22,822.10) (211,412.92) (34,707.13) (4,690.21) 36 Interfund Loans (1,074,024.89) 1,074,024.89 37 Cash Balance- End of Year $881,802.85 $60,498.34 $ 331,135.35 $879,573.21 $682,486.92 $777,060.79 $160,917.61 $8,400.21 $519,494.87 $62,007.48 $65,182.54 $150,119.34 38 39 40 (1) Fees listed are for one unit of residential low density. RTIF fee listed is for one residential single family dwelling unit equivalent. 41 Water/Wastewater fees are per 3/4" residential meter. 42 Electrical fees listed are for Residential for a 200 amp panel. 43 44 (2) Difference between investments and accounts/retainages payable. K:\W P\IMFees\IMFAnnualReport2015-16.xls Description Electrical 505 Wastewater 531 EXHIBIT B IMPACT MITIGATION FEE PROGRAM SUMMARY OF PUBLIC IMPROVEMENT PROJECT EXPENDITURES FY 2015/16 Water 561 Storm Drain 535 Streets 308 RTIF Police Fire Parks & Rec General Facilities Art in Public PI 314 435 436 437 438 434 Harney Lane Grade Separation 233,673.14 Library Bike Rack 3,000.00 Traffic Control Box Art 1,050.00 Art in Public Places Brochures 1,208.52 Lodi Lake Boat Launch Facility 75,000.00 Strategic Plan 27,576.47 Total 0.00 0.00 0.00 0.00 0.00 233,673.14 0.00 0.00 102,576.47 0.00 5,258.52 RESOLUTION NO. 2016-167 A RESOLUTION OF THE LODI CITY COUNCIL APPROVING THE IMPACT MITIGATION FEE PROGRAM ANNUAL REPORT FOR FISCAL YEAR 2015/16 NOW, THEREFORE, BE IT RESOLVED that the Lodi City Council does hereby approve the Impact Mitigation Fee Program Annual Report for fiscal year 2015/16, as shown on Exhibits A and B attached hereto and made a part of this Resolution. Dated: September 7, 2016 I hereby certify that Resolution No. 2016-167 was passed and adopted by the City Council of the City of Lodi in a regular meeting held September 7, 2016, by the following vote. AYES: COUNCIL MEMBERS — Johnson, Kuehne, Mounce, Nakanishi, and Mayor Chandler NOES: COUNCIL MEMBERS — None ABSENT: COUNCIL MEMBERS — None ABSTAIN: COUNCIL MEMBERS — None 2016-167 NNIFERFERRAIOLO ity Clerk K:\W P\IMFees\IMFAnnualReport2015-16.xls A I B I C 1 D I E I F I G I H I I I J I K I L I M 1 EXHIBIT A 2 IMPACT MITIGATION FEE PROGRAM 3 FY 2015/16 Annual Report 4 5 6 Fee: Electrical Wastewater Water Storm Drain Streets Regional Transp Police Fire Parks & Rec General Facilities Neighborhood Parks Art in PP 7 Fund #: 505 533 562 535 308 314 435 436 437 438 439 434 8 9 Fee Amount 336 1,720 1,263 567 289 3,028 307 157 1,584 251 1,016 33 10 11 Fund Balance - Beginning of Year 913,438.45 42,730.08 1,238,076.22 845,660.03 354,498.17 332,110.80 47,423.77 (1,165,308.70) 358,078.59 (32,150.54) 0.00 141,901.85 12 13 Revenues: 14 Investment Revenues 336 2,568.70 1,749.49 7,980.71 7,365.92 7,422.35 2,292.36 954.17 9,310.40 1,338.60 317.91 1,321.94 15 Impact Mitigation Fees 148,288.53 398,471.56 297,213.41 45,480.69 361,716.79 671,994.37 154,401.02 121,551.95 466,095.27 127,526.55 64,864.63 16,844.28 16 Other Revenue 17 18 Total Revenue 148,624.53 401,040.26 298,962.90 53,461.40 369,082.71 679,416.72 156,693.38 122,506.12 475,405.67 128,865.15 65,182.54 18,166.22 19 20 21 Expenditures: 22 Capital Projects 0.00 0.00 0.00 0.00 0.00 (233,673.14) 0.00 0.00 (102,576.47) 0.00 0.00 (5,258.52) 23 24 Total Expenditures 0.00 0.00 0.00 0.00 0.00 (233,673.14) 0.00 0.00 (102,576.47) 0.00 0.00 (5,258.52) 25 26 27 Other Sources (Uses): 28 Operating Transfers In 29 Operating Transfers Out (200,000.00) 30 31 Total Other Sources (Uses) 0.00 (200,000.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 32 33 34 Total Fund Balance - End of Year 1,062,062.98 $243,770.34 $ 1,537,039.12 $899,121.43 $723,580.88 $777,854.38 $204,117.15 ($1,042,802.58) $730,907.79 $96,714.61 $65,182.54 $154,809.55 35 Change in Receivables/Payables (2) (180,260.13) (183,272.00) (131,878.88) (19,548.22) (41,093.96) (793.59) (43,199.54) (22,822.10) (211,412.92) (34,707.13) (4,690.21) 36 Interfund Loans (1,074,024.89) 1,074,024.89 37 Cash Balance- End of Year $881,802.85 $60,498.34 $ 331,135.35 $879,573.21 $682,486.92 $777,060.79 $160,917.61 $8,400.21 $519,494.87 $62,007.48 $65,182.54 $150,119.34 38 39 40 (1) Fees listed are for one unit of residential low density. RTIF fee listed is for one residential single family dwelling unit equivalent. 41 Water/Wastewater fees are per 3/4" residential meter. 42 Electrical fees listed are for Residential for a 200 amp panel. 43 44 (2) Difference between investments and accounts/retainages payable. K:\W P\IMFees\IMFAnnualReport2015-16.xls Description Electrical 505 Wastewater 531 EXHIBIT B IMPACT MITIGATION FEE PROGRAM SUMMARY OF PUBLIC IMPROVEMENT PROJECT EXPENDITURES FY 2015/16 Water 561 Storm Drain 535 Streets 308 RTIF Police Fire Parks & Rec General Facilities Art in Public PI 314 435 436 437 438 434 Harney Lane Grade Separation 233,673.14 Library Bike Rack 3,000.00 Traffic Control Box Art 1,050.00 Art in Public Places Brochures 1,208.52 Lodi Lake Boat Launch Facility 75,000.00 Strategic Plan 27,576.47 Total 0.00 0.00 0.00 0.00 0.00 233,673.14 0.00 0.00 102,576.47 0.00 5,258.52