PUBLIC WORKS COMMISSION
INFORMATIONAL ITEM
SUBMITTED TO: Chairman and Members of the Commission
SUBMITTED BY: Sean Crumby, PE, Director of Public Works
PREPARED BY: Sarah Whitecotton, Administrative Aide
Subject:
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Planned Local Drainage Facilities Fund Annual Compliance Report for Fiscal Year 2021/22.
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Statement of Issue:
In accordance with Section 14.48 of the Huntington Beach Municipal Code (HBMC), the Public Works Department is required to prepare an annual report of the status of the Planned Local Drainage Facility Fund (Drainage Fund) for the City Council. The report was presented as item 22-1063 on the December 20, 2022 City Council agenda.
Funding Source:
No funding is required for this action.
Recommended Action:
recommendation
No action is required.
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Alternative Action(s):
No alternative action is required.
Analysis:
The Planned Local Drainage Facilities Fund (Drainage Fund) is a development fee that is restricted to use for drainage system enhancements. Section 14.48.050 (d) requires the City Council to review the status of compliance with this Chapter, including the revenues collected and the funds expended. The following information conforms to the requirements of the HBMC regarding revenues and expenditures of the Drainage Fund. Although the reporting requirement became effective with the adoption of the revised ordinance in September 2006, the Drainage Fund has existed since 1975. The following information covers Fiscal Year (FY) 2021/22.
Fiscal Status
The Drainage Fund advanced $250,000 to the Redevelopment Agency for improvements in 1987. With interest accrual of $676,302, the debt amount is currently $926,302. As a result, the Fund maintained a negative balance over a period of ten years until FY 12/13, when the fund ended with a positive balance. In FY 2021/22, the Drainage Fund ended the year with a balance of $3,695,638
On June, 29, 2011, the State of California enacted AB1X26, which dissolves r...
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