SR-092496-6O
EPWM CP JM JH nexus
Council Meeting September 24, 1996
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Santa MOnica, California
To
Mayor and City CounCil
From
City Staff
SubJect
Recommendation to Review and File the Water and Wastewater
Capital Facility FinancIal Report In Accordance with State Government
Code Section 66000-66006
IntroductIOn
This report recommends that the City CounCil review and file the attached Water and
Wastewater Capital FacIlity Financial Report as requIred by state law
Backaround
In January of 1989, Government Code Section 66000 - 66006 was adopted speCifically
limIting the use of funds collected for water and wastewater capital facilities by the city
from a developer for Increases on demand of the water and/or wastewater system Due
to a recent interpretatIon of Government Code Section 66006, a report must be made
available to the public detailing the use of the funds collected dUring the fiscal year
The report must be made available to the public fifteen days (15) pnor to a CounCIl
meeting and detail the beginning and ending balance of the deferred revenue
accounts Intended for water and wastewater proJects, the amount of funds collected for
the year, Interest earned. and any refunds (due to cancellation of project) or
expenditures As of September 9, 1996, the report has been available to the public for
review In the Utilities Office located on 1212 5th Street, Third Floor
A publIc notlce6 ~lJ
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was published In the Outlook on September 7 and 9, 1996, stating the availability of the
report In the Utilities Office and announcing this public heanng
Funds collected are deposited Into separate deferred revenue accounts until used for a
specifiC system expansion proJect At the end of each fiscal year, staff prepares a
report detailing the costs of completed water and wastewater system expansion
projects and request a reimbursement of funds from the deferred revenue trust account
to the appropriate regular revenue account
BudaetlFlnanclallmoact
- .
ThiS staff report has no budget or financial Impact because thIS IS merely a mandated
reporting reqUIrement
Recommendation
Staff recommends that the City Council accept the attached Water and Wastewater
Capital FaCIlity Fee report
Attachment Water and Wastewater Capital FaCIlity Fee Reports
Prepared by
Craig PerkinS, Director of EPWM
Mike Dennis, Director of Finance
John Mundy, Utilities Manager
Jean Higbee, Senior Administrative Analyst
CITY OF SANTA MONICA
WASTEWATER CAPITAL FACILITY FEE REPORT
FOR FY 1995-96.
Beginning Balance 7/1/95
Amount Collected from Wastewater CapItal Facllrty Fee
Refunds for Cancelled Projects
NSF Checks
Interest Earned
Amount to be transferred to Wastewater Connection Fee
Revenue line Item 31-500-661-00000.0166-10000
for Reimbursement of Completed Wastewater System
Expansion Projects
Endmg Balance 6/30/96
"Represents transactions In Account Nos 31.000-000-00000-9870-04680 and
31-500-661-00000- 0 166-1 0000
9/18J96
$ 3,832.812
$ 351,783
$ (94,786)
$ (12,391)
$ 259,242
$ (251,717)
$ 4,084,943
CITY OF SANTA MONICA
WATER CAPITAL FACILITY FEE REPORT
FOR FY 1995-96-
Begmmng Balance 711195
Amount Collected from Water Capital FacIlity Fee
Refunds for Cancelled Projects
NSF Checks
Interest Earned
Amount to be transferred to Wastewater Connection Fee
Revenue Lme Item 31-500-661-00000-0166-10000
for Reimbursement of Completed Water System
ExpansIon Projects
Endmg Balance 6/30196
.Represents transactions In Account Nos 25-000-000-00000-9870-04680 and
25-500-671-00000-0249-1 DODO
9/18/96
$0
$ 200,321
$ (38,975)
$ (6,560)
$ 1,338
$ (156,124)
$
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