HomeMy WebLinkAboutAgenda Report - October 17, 2018 C-12TM
CITY OF LODI
COUNCIL COMMUNICATION
AGENDA ITEM
e -b/2
AGENDA TITLE: Adopt Resolution Approving Impact Mitigation Fee Program Annual Report for
Fiscal Year 2017/18
MEETING DATE: October 17, 2018
PREPARED BY: Public Works Director
RECOMMENDED ACTION: Adopt resolution approving Impact Mitigation Fee Program Annual
Report for Fiscal Year 2017/18.
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)
2017/18.
Exhibit B - A summary by account of IMF expenditures during FY 2017/18.
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.
el A?
Charles E. Swimley, Jr.
Public Works Director
Prepared by Rebecca Areida-Yadav, Public Works Management Analyst
FWS/RAY/tdb
Attachments
APPROVED: c
Step en chwab- - , City Manager
K:\WP\IMFees\CIMFAnnualReport_1718.doc 10/2/2018
K:\W P\IMFees\IMFAnnualReport2017-18.xls
A � B � C D � E � F � G I H � 1 I J K I L I M
1
EXHIBIT A
2
IMPACT MITIGATION FEE PROGRAM
3
FY 2017/18 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 July 1, 2017 - June 30, 2018 (1)
826
4,225
3,103
1,394
711
3,312
753
385
3,890
617
2,541
80
10
11
12
Fund Balance - Beginning of Year
1,009,893.08
834,849.39
1,782,302.84
942,454.82
789,477.93
1,289,223.40
226,114.92
(1,021,314.08)
564,638.25
116,192.93
66,745.46
158,202.59
13
14
Revenues:
15
Investment Revenues
0.00
7,836.19
396.16
3,138.24
458.25
4,002.12
800.54
914.21
680.32
844.08
532.89
412.34
16
Impact Mitigation Fees
137,610.90
585,172.80
362,480.78
13,334.97
97,818.67
585,263.18
69,662.46
39,521.05
300,584.24
52,814.81
3,564.40
8,102.16
17
Other Revenue
18
19
Total Revenue
137,610.90
593,008.99
362,876.94
16,473.21
98,276.92
589,265.30
70,463.00
40,435.26
301,264.56
53,658.89
4,097.29
8,514.50
20
21
22
Expenditures:
23
Capital Projects
(1,432.95)
(7,335.58)
(5,386.71)
(2,418.26)
(23,083.78)
(883,247.48)
(1,309.36)
(669.64)
(550,462.74)
(1,070.41)
(4,346.37)
(10,621.09)
24
25
Total Expenditures
(1,432.95)
(7,335.58)
(5,386.71)
(2,418.26)
(23,083.78)
(883,247.48)
(1,309.36)
(669.64)
(550,462.74)
(1,070.41)
(4,346.37)
(10,621.09)
26
27
28
Other Sources (Uses):
29
Operating Transfers In
30
Operating Transfers Out
(495,160.80)
(500,000.00)
(46,778.00)
31
32
Total Other Sources (Uses)
(495,160.80)
(500,000.00)
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
(46,778.00)
33
34
35
Total Fund Balance - End of Year
650,910.23
$920,522.80
$ 2,139,793.07
$956,509.77
$864,671.07
$995,241.22
$295,268.56
($981,548.46)
5315,440.07
$168,781.41
$66,496.38
$109,318.00
36
Change in Receivables/Payables (2)
(15,892.15)
(111,122.90)
(76,386.51)
(26,125.71)
(6,516.57)
13,602.74
(5,997.25)
(404.57)
(26,535.05)
(721.19)
456.99
(368.52)
37
Interfund Loans
(984,024.89)
984,024.89
38
Cash Balance - End of Year
5635,018.08
$809,399.90
$ 1,079,381.67
$930,384.06
$858,154.50
$1,008,843.96
$289,271.31
$2,071.86
$288,905.02
$168,060.22
$66,953.37
$108,949.48
39
40
41
(1) Fees listed are for one unit of residential low density. RTIF fee listed is for one residen ial single family dwelling unit equivalent.
42
Water/Wastewater fees are per 3/4" residential meter.
43
Electrical fees listed are for Residential for a 200 amp panel.
44
45
(2) Difference between investments and accounts/retainages payable.
46
I I I
K:\W P\IMFees\IMFAnnualReport2017-18.xls
Description
Electrical
505
Wastewater
531
Water
562
EXHIBIT B
IMPACT MITIGATION FEE PROGRAM
SUMMARY OF PUBLIC IMPROVEMENT PROJECT EXPENDITURES
FY 2017/18
Storm Drain
535
Streets
308
RTIF Police Fire Parks & Rec General Facilities Neighborhood Parks Art in Public PI
314 435 436 437 438 439 434
Impact Fee Update
Harney Lane Grade Separation
Victor/Guild Signal
Debenedetti Park Trail/Parking Lot
Repairs to Art
Bicycle Rack Project
Library Art
Traffic Control Box Art
Total
1,432 95
7,335.58
5,386.71
2,418.26
1,232.74
21,851.04
883,247.48
1,309.36
669.64
6,755.51
543,707.23
1,070.41
4,346.37
127.47
1,593.62
4,750.00
1,500.00
2,650.00
1432.95
7,33558
5,38671
2,418.26
23,083.78
883,247.48
1,309.36
669.64
550,462.74
1,070.41
4,346.37
10,621.09