Report to Mayor and City Council
Tuesday, April 04, 2023
Consent
SUBJECT:
Title
CONSIDER THE CITY OF CARSON COMMUNITY FACILITIES DISTRICT NO. 2018-01 (MAINTENANCE AND SERVICES) ANNUAL REPORT AS REQUIRED BY STATE SENATE BILL 165 (CITY COUNCIL)
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I. SUMMARY
The City of Carson Community Facilities District No. 2018-01 ("CFD") is subject to the Local Agency Special Tax and Bond Accountability Act under SB 165 ("SB 165"). SB 165 requires the filing of an annual report ("Annual Report") with the City Council acting in its capacity as the legislative body of the CFD. The Annual Report provides information pertaining to the CFD including collected revenue and expenditures. The Annual Report has been prepared to comply with Sections 50075 through 50077 of California Government Code.
II. RECOMMENDATION
Recommendation
TAKE the following action:
1. RECEIVE and FILE.
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III. ALTERNATIVES
TAKE another action deemed appropriate by the City Council.
IV. BACKGROUND
SB 165 requires the Annual Report (Exhibit No. 1) for Fiscal Year 21-22 to contain the following information:
1. A statement indicating the specific purposes of the special tax,
2. Require that the proceeds of the special tax be applied to those purposes,
3. Require the creation of an account into which the proceeds shall be deposited, and
4. Require an annual report containing specified information concerning the use of the proceeds.
Additionally, Section 50075.3 of California Government Code states:
"The chief fiscal officer of the levying local agency shall file a report with its governing body no later than January 1, 2002, and at least once a year thereafter. The Annual report shall contain all of the following:
(a) The amount of funds collected and expended.
(b) The status of any project required or authorized to be funded as identified in
subdivision (a) of Section 50075.1(a)."
Accordingly, this Annual Report has been reviewed the CFD's chief fiscal officer and is being submitted to t...
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