Lowell Joint School District Capital Facilities Report
The developer fees summary and information on fees levied for development projects in the Lowell Joint School District. Details on different fees, amounts collected, criteria for levying fees, and fund balances are provided in the report.
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LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 2020-21 CAPITAL FACILITIES REPORT Summary of Developer Fees November 1, 2021
LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Government Code Section 66006(b) Fees for Development Projects District must make the following information available: A. Description of type of fees in the account or fund B. Amount of the fees C. Beginning and ending balances D. Amount of fees collected and interest earned E. Amount of expenditures by facility F. Date project will be begin (if applicable) G. Description of inter-fund transfer or loan (if applicable) H. Amount of any refunds (if applicable)
LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Item A Description of Fee and Use A fee is levied on new residential and commercial/industrial construction and construction projects greater than 500 square feet on existing residential and commercial/industrial property located within the District. The fees are used for costs attributed to the increased demand for public facilities reasonably related to the development project or costs necessary to refurbish existing facilities to maintain the existing level of service.
LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Item B Amount of 2020-21 Level I Fees The District collected $4.08 per square foot for residential construction (Increased from $3.79/sq. ft.) The District collected $0.66 per square foot for commercial construction (Increased from $0.61/sq. ft.)
LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Criteria to Levy Level II Fees Under provisions of SB50 (1998), fees cannot exceed the statutory amount unless two of four criteria are met: Substantial amount of students are on multi-track year-round schools; District has placed a local bond on the ballot; District has issued debt equivalent to 30 percent of bonding capacity; and At least 20 percent of the teaching stations are relocatable classrooms. Lowell Joint does not meet this criteria, so Level 1 fees are collected.
LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Item C Beginning and Ending Balances Capital Facilities Fund 2020-21 Fund Summary (amount in thousands) Beginning Balance $1,472,593 Expenditures $382,517 Revenues $72,475 Ending Balance $1,162,551 $- $1,000,000 $2,000,000
LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Item D Fees, Interest, and Other Income Capital Facilities Revenue Summary (amount in thousands) 2014-15 38.6 0.9 2015-16 975 1.8 2016-17 402 13.9 2017-18 37.4 Fees 24 2018-19 17.3 Interest 31.2 2019-20 59 24.4 2020-21 64.4 8.1 0 500 1000 1500
LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Item E Amount of Expenditures by Facility Capital Facilities Expenditures 2020/21 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 El Portal $522 $0 $0 $220 $0 $1,847 Jordan $0 $8,471 $3,117 $1,476 $0 $373,330 Macy $0 $0 $1,327 $1,833 $0 $1,601 Meadow Green $349 $961 $0 $16,681 $1,322 $1,019 Olita $2,351 $0 $0 $2,360 $0 $1,870 Rancho Starbuck $21,640 $19,505 $2,647 $169,002 $44,754 $2,849 District Office $0 $0 $0 $0 $1,944 $0
LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Capital Facilities Fund Report Item F- Jordan Elementary Project began on June 7, 2021 Item G - Description of inter-fund transfer or loan (if applicable) Item H - Amount of any refunds (if applicable) Items G H were not applicable in 2020-21
LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Questions
