Mello-Roos
Acting as the legislative body for Community Facilities District Nos. 1, 2, 3, 4, 5, 6, 8, 9A, 9B, 10, 11, 12, 13, 14, 15, 16, 17, and 18.
Accept Annual Report on Community Facilities Districts for the 2015-2016 fiscal year in compliance with AB 2851.
Assembly Bill 2851 added language to Section 53343.1 of the California Government Code relating to Community Facilities Districts (CFDs.) This bill states:
“For any Community Facilities District formed after January 1, 1992, the Community Facilities District shall prepare, if requested by a person who resides in or owns property in the district, within 120 days after the last day of each fiscal year, a separate document titled an "Annual Report." The district may charge a fee for the report not exceeding the actual costs of preparing the report. The report shall include the following information for the fiscal year:
(a) The amount of special taxes collected for the year.
(b) The amount of other moneys collected for the year and their source, including interest earned.
(c) The amount of moneys expended for the year.
(d) A summary of the amount of moneys expended for the following:
(1) Facilities, including property.
(2) Services.
(3) The costs of bonded indebtedness.
(4) The costs of collecting the special tax under Section 53340.
(5) Other administrative and overhead costs.
(e) For moneys expended for facilities, including property, an identification of the categories of each type of facility funded with amounts expended in each category, including the total percentage of the cost of each type of facility that was funded with bond proceeds or special taxes.
(f) For moneys expended for services, an identification of the categories of each type of service funded with amounts expended in each category, including the total percentage of the cost of each type of service that was funded with bond proceeds or special taxes.
(g) For moneys expended for other administrative costs, an identification of each of these costs.
(h) A certification and explanation by the district of how the moneys described in subdivisions (d), (e), (f), and (g) comply with Section 53343.
The Annual Report shall contain references to the relevant sections of the resolution of formation of the district so that interested persons may confirm that bond proceeds and special taxes are being used for authorized purposes. The annual report shall be made available to the public upon request.”
Furthermore, on July 25, 2016, Assembly Bill 1666 added section 53343.2 to the California Government Code and required local agencies that have a website to prominently display on the website a copy of the “Annual Report,” if requested. Because of interconnection between all of our CFDs, staff is also including those CFDs formed before 1992.
As part of the district’s desire for transparency and (LCAP Goal 4) Systems for Operational Excellence, the Community Facilities Districts “Annual Report” will be completed at the end of each fiscal year and be available on the district’s website at no cost to the requestor so that interested community members may view data related to bond proceeds, expenditures and special taxes collected.
For questions regarding this board item, please contact Karen Michel at (619)691-5550 or karen.michel@sweetwaterschools.org.