Flood Control - Santa Cruz LAFCO

Santa Cruz LAFCO: Countywide Service Review
Flood Protection and Stormwater Services
financing approach provides a dedicated source of revenue for the City’s flood protection and stormwater
management programs. The following summarizes the finances for the Stormwater Utility:
City Santa Cruz – Stormwater Management Funding
Finances
Sources: Intergovernmental,
Charges for Service, Misc., etc.
FY 02-03
Actual
FY 03-04
Est. Actual
FY 04-05
Proposed Budget
$1,025,415 $4,281,833 $899,839
Uses: Operating $1,807,976 $378,225 $279,023
Debt Service $357,3695 $462,007 $462,122
Capital Projects 0 $3,350,924 $131,000
Other- Transfers Out $12,334 $26,420 $6,450
Total Uses $2,177,679 $4,217,576 $878,595
Net Surplus (Deficit) ($1,152,264) $64,257 $21,244
Stormwater Funds, End of Year $1,044,972 $2,383,296 $2,404,540
The City of Santa Cruz estimates that stormwater-related pollution abatement programs cost around
$200,000 per year on an ongoing basis. Total costs to implement the San Lorenzo Flood Control Project
are estimated at over $57 million, shared between the Federal government, State and the City. The City’s
share is approximately $9.7 million. These costs include the construction of four bridges, levee raising,
river landscaping, and the Laurel Street Extension/Third Avenue Riverbank Stabilization Project.
The City issued Storm Water Certificates in October 1999 in the amount of $6,665,000 to finance the
City’s share of the San Lorenzo Flood Control and Beautification Project. The financing was also used to
repay the Wastewater Enterprise Fund for earlier loans to replace bridges across the San Lorenzo River.
Annual payments of $105,000 to $250,000 will be made through October 2019 with interest ranging from
4.0% to 5.6%. The outstanding balance at June 30, 2003 was $6,325,000.
City of Scotts Valley
The City of Scotts Valley funds its drainage services through the City’s General Fund and through
development impact fees. The City allocated $105,000 to drainage services in FY 2004-2005 from its
General Fund. Drainage impact fees are accounted for in the Drainage Construction Fund; revenue for
FY 2004-2005 is projected at $33,600 with no expenditures budgeted. Limited development in the future
will reduce the number of projects that can be funded by impact fees.
City of Watsonville
The City of Watsonville finances its drainage services through development impact fees, and sewer funds.
The total budget for FY 2004-2005 for sewer maintenance is $561,417, which includes sanitary sewer as
well. The revenue from drainage impact fees is budgeted at $20,000.
June 2005 – Public Review Draft Section 5 - 9