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File #:
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24-0007M
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Name:
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FY23-24 End-of-Year Semiannual Impact Fee Report
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Type:
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Agenda Item
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Status:
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Agenda Ready
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On agenda:
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12/10/2024
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Final action:
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Title:
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Conduct a Public Hearing to Consider/Discuss/Act on the Semiannual Report with Respect to the Progress of the Capital Improvements Plan for Roadway and Utility Impact Fees
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Title
Conduct a Public Hearing to Consider/Discuss/Act on the Semiannual Report with Respect to the Progress of the Capital Improvements Plan for Roadway and Utility Impact Fees
Summary
COUNCIL GOAL: Operational Excellence
(2B: Balance Available Resources to Accommodate the Growth and Maintenance Needs of the City)
MEETING DATE: December 10, 2024
DEPARTMENT: Planning Department
CONTACT: Aaron Bloxham, AICP, Principal Planner
APPROVAL PROCESS: The recommendation and minutes from the Capital Improvements Advisory Committee meeting will be forwarded to the City Council on January 7, 2025.
STAFF RECOMMENDATION: Staff recommend filing of the semiannual report with respect to the progress of the Capital Improvements Plan for roadway and utility impact fees.
ITEM SUMMARY: Staff is presenting the 2024 end-of-year semiannual report on the progress of the Capital Improvements Plan for roadway and utility impact fees as required by Chapter 395 of the Texas Local Government Code. Staff established a schedule of presenting the semiannual report at the mid-point of the fiscal year as well as at the end of the fiscal year (the fiscal year being October to September). The 2024 mid-year report was presented at the Capital Improvements Advisory Committee meeting on May 28, 2024 and accepted by City Council on June 18, 2024.
The Planning and Zoning Commission, along with an appointed ETJ representative, act as the Capital Improvements Advisory Committee for the City of McKinney. Per state law, the committee serves in an advisory capacity and is established to:
(1) Advise and assist the political subdivision in adopting land use assumptions;
(2) Review the capital improvements plan and file written comments;
(3) Monitor and evaluate implementation of the capital improvements plan;
(4) File semiannual reports with respect to the progress of the capital improvements plan and report to the political subdivision any perceived inequities in implementing the plan or imposing the impact fee; and
(5) Advise the political subdivision of the need to update or revise the land use assumptions, capital improvements plan and impact fee.
Semiannual Report
The Capital Improvements Plan used for this semiannual report was adopted on December 1, 2020 as part of the 2019 Impact Fee Update. The semiannual report is required to report the progress of the Capital Improvements Plan and report any perceived inequities in the implementation of the CIP. The Capital Improvements Advisory Committee meeting report from the public hearing, its attachments and meeting minutes will be filed by City Council as the semiannual report.
The City of McKinney’s semiannual report includes a summary of the total roadway and utility impact fee funds collected, transferred, and available for capital improvement projects. It also lists ongoing capital improvement projects partially funded by impact fee revenue.
Construction Costs and Consumer Price Index
As part of the semiannual report, Staff has included a review of regional construction costs and the national Consumer Price Index.
From September 2023 to September 2024, the Construction Cost Index in the Dallas area decreased 2.2%. From the time of the report’s adoption (December 2020) the Construction Cost Index in the Dallas area increased 23.2% (Source: Construction Cost Index at www.enr.com).
From September 2023 to September 2024, the Dallas-Fort Worth-Arlington area Consumer Price Index (CPI) increased 2.6%. During the same period, the core CPI, which excludes volatile food and energy prices, increased 3.1% (Source: US Department of Labor, Bureau of Labor Statistics).
Roadway Impact Fees Fund Activity (EOY 23-24)
|
Zone |
Beginning LTD Balance |
YTD Revenues |
YTD Project Transfers / Refunds |
Balance (including interest) LTD |
Allocated to Future Projects |
Available Funds LTD |
|
A |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
B |
$49,563 |
$131,000 |
$0 |
$180,563 |
$0 |
$180,563 |
|
C |
$1,000,438 |
$295,944 |
($937,796) |
$358,586 |
$0 |
$358,586 |
|
D |
$4,065,826 |
$4,487,184 |
($6,200,000) |
$2,353,010 |
$0 |
$2,353,010 |
|
E |
$1,264,697 |
$467,883 |
($1,600,000) |
$132,580 |
$0 |
$132,580 |
|
F |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
G |
$128,361 |
$0 |
$0 |
$128,361 |
$0 |
$128,361 |
|
H |
$486,023 |
$412,581 |
($609,924) |
$288,680 |
$0 |
$288,680 |
|
I |
$363,941 |
$242,741 |
($509,277) |
$97,404 |
$0 |
$97,404 |
|
J |
$1,326,149 |
$1,801,253 |
($2,085,000) |
$1,042,402 |
$0 |
$1,042,402 |
|
K |
$3,386,360 |
$734,577 |
($3,412,593) |
$708,345 |
$0 |
$708,345 |
|
L |
$581,370 |
$54,846 |
$0 |
$636,216 |
$0 |
$636,216 |
|
M |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
Total |
$12,652,728 |
$8,628,009 |
($15,354,590) |
$5,926,147 |
$0 |
$5,926,147 |
• Totals as of 09/30/2024
• YTD - Year to Date (includes funds for the fiscal year which is October 2023 to September 2024)
• LTD - Live to Date (includes balance funds from previous years)
• Allocated funds may exceed balance funds in cases where future fee revenue will fund a specific project
• As of October 1, 2013, interest earned on Roadway Impact Fee revenues is deposited directly into the Street Construction Fund.
Utility Impact Fees Fund Activity (EOY 23-24)
|
Utility Impact Fee Account |
Beginning LTD Balance |
Fees Collected YTD |
Transfers out to Projects |
Allocated to Future Projects |
Available Funds LTD |
|
Water |
$4,289,542 |
$5,502,467 |
($7,352,241) |
$0 |
$2,439,768 |
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Wastewater |
$2,907,587 |
$3,867,054 |
($5,199,675) |
$0 |
$1,574,966 |
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Total |
$7,197,129 |
$9,369,521 |
($12,551,916) |
$0 |
$4,014,734 |
• Totals as of 09/30/2024
• “Water and Wastewater Fees Collected YTD” include fees collected within the Trinity Falls
Municipal Utility District
• YTD - Year to Date (includes funds for the fiscal year which is October 2023 to September 2024)
• LTD - Live to Date (includes balance funds from previous years)
• Allocated funds may exceed balance funds in cases where future fee revenue will fund future projects.
CIP PROJECT STATUS (FY 2022-2023)
The CIP Roadway and Utility Projects List is included as an attachment to this report and lists Capital Improvement Program roadway and utility projects for which impact fee funds have been allocated and/or spent during this fiscal year.
SUMMARY OF PREVIOUS FISCAL YEARS
Roadway Impact Fees Fund Activity (EOY 22-23)
|
Zone |
Beginning LTD Balance |
YTD Revenues |
YTD Project Transfers / Refunds |
Balance (including interest) LTD |
Allocated to Future Projects |
Available Funds LTD |
|
A |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
B |
$47,809 |
$1,754 |
$0 |
$49,563 |
$0 |
$49,563 |
|
C |
$505,048 |
$495,390 |
$0 |
$1,000,438 |
$0 |
$1,000,438 |
|
D |
$4,822,038 |
$5,743,788 |
($6,500,000) |
$4,065,826 |
$0 |
$4,065,826 |
|
E |
$1,358,999 |
$1,252,093 |
($1,350,000) |
$1,261,092 |
$3,605 |
$1,264,697 |
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F |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
G |
$31,110 |
$152,698 |
($100,000) |
$83,808 |
$44,554 |
$128,361 |
|
H |
$437,145 |
$648,878 |
($600,000) |
$486,023 |
$0 |
$486,023 |
|
I |
$1,032,666 |
$1,631,275 |
($2,300,000) |
$363,941 |
$0 |
$363,941 |
|
J |
$648,589 |
$677,560 |
$0 |
$1,326,149 |
$0 |
$1,326,149 |
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K |
$1,609,962 |
$2,276,398 |
($500,000) |
$3,386,360 |
$0 |
$3,386,360 |
|
L |
$515,972 |
$65,398 |
$0 |
$581,370 |
$0 |
$581,370 |
|
M |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
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TOTAL |
$11,009,336 |
$12,945,232 |
($11,350,000) |
$12,604,569 |
$48,159 |
$12,652,728 |
• Totals as of 9/30/2023
• YTD - Year to Date (includes funds for the fiscal year which is October 2022 to September 2023)
• LTD - Live to Date (includes balance funds from previous years)
• Allocated funds may exceed balance funds in cases where future fee revenue will fund a specific project
• As of October 1, 2013, interest earned on Roadway Impact Fee revenues is deposited directly into the Street Construction Fund.
Utility Impact Fees Fund Activity (EOY 22-23)
|
Utility Impact Fee Account |
Beginning LTD Balance |
Fees Collected YTD |
Transfers out to Projects |
Allocated to Future Projects |
Available Funds LTD |
|
Water |
$5,162,299 |
$7,392,243 |
($8,800,000) |
$535,000 |
$4,289,542 |
|
Wastewater |
$3,360,338 |
$5,347,249 |
($5,800,000) |
$0 |
$2,907,587 |
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Total |
$8,522,637 |
$12,739,493 |
($14,600,000) |
$535,000 |
$7,197,129 |
• Totals as of 9/30/2023
• “Water and Wastewater Fees Collected YTD” include fees collected within the Trinity Falls
Municipal Utility District
• YTD - Year to Date (includes funds for the fiscal year which is October 2022 to September 2023)
• LTD - Live to Date (includes balance funds from previous years)
• Allocated funds may exceed balance funds in cases where future fee revenue will fund future projects.
Roadway Impact Fees Fund Activity (EOY 21-22)
|
Zone |
Beginning LTD Balance |
YTD Revenues |
YTD Project Transfers / Refunds |
Balance (including interest) LTD |
Allocated to Future Projects |
Available Funds LTD |
|
A |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
B |
$0 |
$47,809 |
$0 |
$47,809 |
$0 |
$47,809 |
|
C |
$751,990 |
$403,058 |
($650,000) |
$505,048 |
$0 |
$505,048 |
|
D |
$291,446 |
$4,830,592 |
($300,000) |
$4,822,038 |
$0 |
$4,822,038 |
|
E |
$248,719 |
$1,310,280 |
($200,000) |
$1,358,999 |
$0 |
$1,358,999 |
|
F |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
G |
$60,061 |
$21,049 |
($50,000) |
$31,110 |
$0 |
$31,110 |
|
H |
$462,163 |
$421,055 |
($446,072) |
$437,145 |
$0 |
$431,445 |
|
I |
$753,920 |
$978,746 |
($700,000) |
$1,032,666 |
$0 |
$1,027,681 |
|
J |
$1,429,389 |
$457,979 |
($1,238,779) |
$648,589 |
$0 |
$648,589 |
|
K |
$2,586,903 |
$1,099,687 |
($2,076,628) |
$1,609,962 |
($500,000) |
$1,109,962 |
|
L |
$54,932 |
$511,040 |
($50,000) |
$515,972 |
$0 |
$515,972 |
|
M |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
TOTAL |
$6,639,521 |
$10,081,295 |
($5,711,479) |
$11,009,336 |
($500,000) |
$10,509,336 |
• Totals as of 9/30/2022
• YTD - Year to Date (includes funds for the fiscal year which is October 2021 to September 2022)
• LTD - Live to Date (includes balance funds from previous years)
• Allocated funds may exceed balance funds in cases where future fee revenue will fund a specific project
• As of October 1, 2013, interest earned on Roadway Impact Fee revenues is deposited directly into the Street Construction Fund.
Utility Impact Fees Fund Activity (EOY 21-22)
|
Utility Impact Fee Account |
Beginning LTD Balance |
Fees Collected YTD |
Transfers out to Projects |
Allocated to Future Projects |
Available Funds LTD |
|
Water |
$3,274,854 |
$5,006,039 |
($3,118,594) |
$0 |
$5,162,299 |
|
Wastewater |
$972,670 |
$3,368,480 |
($980,813) |
$0 |
$3,360,338 |
|
Total |
$4,247,524 |
$8,374,519 |
($4,099,407) |
$0 |
$8,522,637 |
• Totals as of 9/30/2022
• “Water and Wastewater Fees Collected YTD” include fees collected within the Trinity Falls
Municipal Utility District
• YTD - Year to Date (includes funds for the fiscal year which is October 2021 to September 2022)
• LTD - Live to Date (includes balance funds from previous years)
• Allocated funds may exceed balance funds in cases where future fee revenue will fund future projects.
Roadway Impact Fees Fund Activity (EOY 20-21)
|
Zone |
Beginning LTD Balance |
YTD Revenues |
YTD Project Transfers / Refunds |
Balance (including interest) LTD |
Allocated to Future Projects |
Available Funds LTD |
|
A |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
B |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
C |
$2,266,059 |
$789,899 |
($2,200,000) |
$855,958 |
($650,000) |
$205,958 |
|
D |
$419,568 |
$771,877 |
($900,000) |
$291,446 |
$0 |
$291,446 |
|
E |
$1,720,075 |
$28,644 |
($1,500,000) |
$248,719 |
($200,000) |
$48,719 |
|
F |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
G |
$290,963 |
$69,098 |
($300,000) |
$60,061 |
$0 |
$60,061 |
|
H |
$508,991 |
$503,172 |
($550,000) |
$462,163 |
$0 |
$462,163 |
|
I |
$1,085,940 |
$491,416 |
($823,437) |
$633,943 |
$0 |
$633,943 |
|
J |
$2,662,962 |
$538,677 |
($1,772,250) |
$1,401,639 |
($1,000,000) |
$401,639 |
|
K |
$2,635,806 |
$351,096 |
($400,000) |
$2,586,903 |
($700,000) |
$1,886,903 |
|
L |
$54,932 |
$0 |
$0 |
$54,932 |
($50,000) |
$4,932 |
|
M |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
TOTAL |
$11,645,295 |
$3,543,880 |
($8,445,687) |
$6,595,762 |
($2,600,000) |
$3,995,762 |
Note: Fiscal Year Totals as of September 30, 2021
Utility Impact Fees Fund Activity (EOY 20-21)
|
Utility Impact Fee Account |
Beginning LTD Balance |
Fees Collected YTD |
Transfers out to Projects |
Allocated to Future Projects |
Available Funds LTD |
|
Water |
$4,803,243 |
$2,171,612 |
($3,700,000) |
$0 |
$3,274,854 |
|
Wastewater |
$664,031 |
$308,639 |
$0 |
$0 |
$972,670 |
|
Total |
$5,467,274 |
$2,480,251 |
($3,700,000) |
$0 |
$4,247,524 |
Note: Fiscal Year Totals as of September 30, 2021
Roadway Impact Fees Fund Activity (FY 19-20)
|
Zone |
Beginning LTD Balance |
YTD Revenues |
YTD Project Transfers / Refunds |
Balance (including interest) LTD |
Allocated to Future Projects |
Available Funds LTD |
|
A |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
B |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
C |
$1,784,813 |
$481,245 |
$0 |
$2,266,059 |
($2,000,000) |
$266,059 |
|
D |
$131,981 |
$287,587 |
$0 |
$419,568 |
($100,000) |
$319,568 |
|
E |
$129,689 |
$1,590,386 |
$0 |
$1,720,075 |
($1,500,000) |
$220,075 |
|
F |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
G |
$448,086 |
$142,048 |
($300,000) |
$290,134 |
($200,000) |
$90,134 |
|
H |
$293,933 |
$192,120 |
$3,083 |
$489,135 |
($450,000) |
$39,135 |
|
I |
$5,189,968 |
$595,972 |
($4,700,000) |
$1,085,940 |
($500,000) |
$585,940 |
|
J |
$2,179,356 |
$2,483,606 |
($2,000,000) |
$2,662,962 |
($500,000) |
$2,162,962 |
|
K |
$779,111 |
$2,206,695 |
($350,000) |
$2,635,806 |
$0 |
$2,635,806 |
|
L |
$5,532 |
$49,400 |
$0 |
$54,932 |
$0 |
$54,932 |
|
M |
$0 |
$0 |
$0 |
$0 |
$0 |
$0 |
|
TOTAL |
$10,942,468 |
$8,029,060 |
($7,346,917) |
$11,624,611 |
($5,250,000) |
$6,374,611 |
Note: Fiscal Year Totals as of September 30, 2020
Utility Impact Fees Fund Activity (FY 19-20)
|
Utility Impact Fee Account |
Beginning LTD Balance |
Fees Collected YTD |
Transfers out to Projects |
Allocated to Future Projects |
Available Funds LTD |
|
Water |
$4,545,014 |
$2,486,506 |
($2,235,000) |
($4,200,000) |
$596,520 |
|
Wastewater |
$1,368,844 |
$295,187 |
($1,000,000) |
$0 |
$664,031 |
|
Total |
$5,913,858 |
$2,781,693 |
($3,235,000) |
($4,200,000) |
$1,260,550 |
Note: Fiscal Year Totals as of September 30, 2020
|