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Item 13 - Local Agency Improvement Fees aGENDA REPORT CITY OF POW A Y - (( This report is included on the Consent Calendar, There will be no separate discussion of the report prior to approval by the City Council unless members of the Council, staff or public request it to be removed from the Consent Calendar and discussed separately, If you wish to have this report pulled for discussion, please fill out a slip indicating the report number and give it to the City Clerk prior to the beginning of the City Council meeting, ******************************************************************* TO: INITIATED BY: Honorable Mayor and Members of the City Council James L. Bowersox, City Man~ Peggy A. Stewart, Director of Administrative Services Christine Tsung, Finance Manager if~) FROM: DATE: September 22, 1992 SUBJECT: Local Agency Improvement Fees - Accounting Fiscal Year 1991-1992 BACKGROUND It is the requirement of Government Code Sec. 66006(a) that, if a local agency requires the payment of a fee specified for an improve- ment to be constructed to serve a development project, the local agency receiving the fee shall deposit it with the other fees for the improvement in a separate capital facilities account or fund in a manner to avoid any commingling of the fees with other revenues and funds of the local agency.' Sec. 66006(b) requires that each separate account or fund established pursuant to subsection (a) make available to the public within 60 days of the close of the fiscal year the beginning and ending bal- ances for the fiscal year, the fee, interest and other income, and the amount of expenditures by the public facility and the amount of refunds made. The local agency shall review this information at the next regularly scheduled public meeting not less than 15 day s after the availabil- ity of the information. FINDINGS Enclosed is a detailed accounting of the source and application of funds for public improvement fees for fiscal year 1991-1992 for the City of Poway. r ~ ACTION: 1 of 8 ,Jr.t" ~ G J!lr1TEM 15 Agenca Report September 22, 1992 Page 2 FISCAL IMPACT None RECOMMENDATION It is recommended that the City Council accept, review, and file the attached report. JLB:PAS:CT:ms Attachments: 1. Fiscal Year 1991-92 Source and Application of Funds for the Drainage, Street Development, and Water and Sewer Funds 2 of 8 SEP 2 2 1992 ITEM 13 CITY OF POWAY DRAINAGE - AB #1600 FUND ANALYSIS SOURCE AND APPLICATION OF FUNDS FY 1991-1992 SOURCES: Beginning Balance: AIC #7310 #7566 3 of 8 Interest Income Drainage Fees: Developer Amount Pantone Poway Corporate Center Du Ru l;nc. McBride Walmart Arnold Standard Pacific solansky Monterey Point Konicki Midland-Janette Verhijan Midland Estates Pierson Corte Solana Monterey Point Midland Estates Monterey Point Christian Life Fellowship Monterey Point Monterey Point Monterey Point Monterey Point Monterey Point First Church of Christ Monterey Point Monterey Point Monterey Point Monterey Point Esh Resirlenroe MonterE'Y Point PrE'rniurn rnVE'stors MontE'rE'Y Point_ MontE'rE'Y Point Monterey Point MonterE'Y Point $1,570.00 48,459.60 876.00 1.200.00 19,816.00 950.00 21,202.00 1,200.00 576.00 1.570.00 1,460.24 1,200.00 1,460.24 950.00 1,728.00 576.00 4,380.75 576.00 4,336.38 576.00 576.00 576.00 576.00 576.00 3,816.00 576.00 576.00 576.00 576.00 950.00 576.00 6,171.43 576.00 576-00 'i7h.00 576.00 Tot.al Sources SEP 2 2 1992 ITEM /3> $515,716.64 20,472.85 133,088.64 153,561.49 APPLICATIONS: AIC ,*1415 ,*5409 Ending Balance: 4 of 8 CITY OF POWAY DRAINAGE - AB #1600 FUND ANALYSIS SOURCE AND APPLICATION OF FUNDS FY 1991-1992 Bowron to Civic Center Drive Drainage Improvement Midland Road storm Drain Total Applications $5,520.00 (17,567.40) ------------- 12,047.40 ------------- ------------- $681. 325.53 SEP 22 1992 ITEM 13 1 CITY OF POWAY STREET DEVELOPMENT - AB #1600 FUND ANALYSIS SOURCE AND APPLICATION OF FUNDS FY 1991-1992 SOURCES: Beginning Balance: AIC #7310 #7593 5 of 8 Interest Income Traffic Mitigation Fees: Developer pantone Du Ru Inc. Sperry McBride Sperry Walmart Mitchell Sanchez Arnold Given Barker Barker Mohling Standard Pacific Solansky Alhadeff Ligtenburg Residence Monterey Point Konicki Refund to Abigayle Industrial ,Janette Verhijan Midland Estates Faaborg Pierson Corte Solana COllntry Rd. Condos Sl1nwest Bllilders Monterey Point Midland Estates Christian Life Fellowship pow~y Bernardo Mortgagp Mont"erey Paint" Mont"prey Point" Esr.l1om Monterey Point Herring v'Indprveen Monterey Point Mont"erey Point ($196,470.11) 20,865.84 Amount $990.00 198.00 950.00 660.00 40.00 409,200.00 340.00 660.00 990.00 640.00 2,168,19 990.00 660.00 16,500.00 990.00 990.00 990.00 660.00 990.00 (24,287.87) 660.00 990.00 660.00 404.00 990.00 1.980.00 25,344.00 310.00 660,00 1.980.00 49~_nn 726.0n 66n.on fi60_nn qqn_on fil)n,nn 990.nn 990.00 I)fiO.on 660.00 SEP 22 1992 ITEM /'3 2 CITY OF POWAY STREET DEVELOPMENT - AB #1600 FUND ANALYSIS SOURCE AND APPLICATION OF FUNDS FY 1991-1992 Traffic Mitigation Fees(cont'd): Developer Amount: Monterey Point First Church of Christ Lutheran Church of Incarnation Bayani Residence Monterey Point Monterey Point Monterey Point Monterey Point Esh Residence Monterey point Monterey Point Monterey Point Monterey Point Monterey Point 660.00 3,148.20 841.25 640.00 660.00 660.00 660.00 660.00 990.00 660.00 660.00 660.00 660.00 660.00 Ale #7594 Traffic signal Fees 469,006.77 469.00 Total Sources 490,341.61 APPLICATIONS: AIC #1230 :11234 Joshua Tree Lane High Valley Road Realignment $3,722.19 73,790.31 Total Applications 177,512.501 Ending Balance Since January 1, 1989 street Development ~Ind #21 $216,359.00 $1,581,248.82 Ending Balance : $1. 7qJ ,607.82 ------------- ------------- 6 of 8 SEP 2 2 1992 ITEM /3 CITY OF POWAY WATER DEVELOPER FEE - AB #1600 FUND ANALYSIS SOURCE AND APPLICATION OF FUNDS FY 1991-1992 Beginning Balance: $1,410,065.30 SOURCES: AIC #7310 #7542 Interest Income Connection Fees 120,189.41 25.200.63 * Total Sources 145,390.04 APPLICATIONS: AIC 011712 011717 #1752 Donart Reservoir Transmission Irrigation Wells-Drilling & Testing Creek Road Waterline Reimbursement 53,863.45 47.154.33 25,000.00 Total Applications 126,017.78 Ending Balance: $1,429,437.56 ------------- ------------- * Details available in Administrative Services (Finance Division) 7 of 8 SEP 221992 ITEM /3 CITY OF POWAY SEWER DEVELOPER FEE - AB #1600 FUND ANALYSIS SOURCE AND APPLICATION OF FUNDS FY 1991-1992 Beginning Balance: $4,407,521.17 SOURCES: AIC #7310 #7542 Interest Income Connection Fees 390,839.70 821,578.15 * Total Sources 1,212.417.85 APPLICATIONS: AIC #1802. #1803 #5802 #5804 Neighborhood Loans-Sewer Del Poniente Sewer Line Sanitary Sewer-Olive Tree Lane Hilltop Circle Sewer Main 15,180.00 5.193.75 74,285.81 11 . 540.00 Total Applications 106.199.56 Ending Balance: $5,513.739.46 ------------- ------------- * Details available in Administrative Services (Finance Divisionl 8 of 8 SEP 22 1992 ITEM 15