Flood Control - Santa Cruz LAFCO

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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
Santa Cruz LAFCO: Countywide Service Review Flood Protection and Stormwater Services Santa Cruz County Flood Control & Water Conservation District – Zones 5, 6, 7, 7A and 8 The Santa Cruz County Flood Control & Water Conservation District finances its flood protection and drainage services through assessments, fees and service charges, and a share of the 1% property tax in Zone 5. Adequate funding is an ongoing concern, particularly with respect to the significant financial impact of the Arreola Settlement after the Pajaro River flood. The following summarizes the finances of each of the zones: Santa Cruz County Flood Control & Water Conservation District Sources: Mid-County Zone 5 Financial Summary Finances FY 02-03 Actual FY 03-04 Actual FY 04-05 Final Budget Property Taxes $377,087 $422,479 $365,726 Interest $10,999 $4,696 $5,000 Uses: Total Revenue $388,085 $427,176 $370,726 Services and Supplies $199,036 $181,041 $284,250 Equipment 0 0 $5,438 Operating Transfers Out $178,160 $380,000 $353,023 Contingencies $96,391 Index 622350 Sources: Total Uses $377,196 $561,041 $739,102 Fund Balance, End of Year $592,283 $226,023 Mid-County Zone 5 Expanded Construction Financial Summary Finances FY 02-03 Actual FY 03-04 Actual FY 04-05 Final Budget Permit Processing Fees $36,670 $78,284 $55,000 Drainage Charges $112,038 $159,192 $155,000 Other Revenue, Transfers In $249,571 $380,275 $353,023 Interest $21,050 $15,296 $10,000 Uses: Total Revenue $419,328 $633,046 $573,023 Services and Supplies $198,424 $216,540 $275,541 Capital Improvements $461,501 $128,512 $1,347,814 Contingencies $72,330 Index 622365 Total Uses $659,925 $345,052 $1,695,685 Fund Balance, End of Year $859,266 $113,288 June 2005 – Public Review Draft Section 5 - 10
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