Title
Fiscal Year (FY) 2024/25 Community Facilities District (CFD) Special Tax Administration Report
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FileID
File ID: 2026-00538
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Location
Location: Citywide
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Recommendation
Recommendation: Receive and file the Fiscal Year (FY) 2024/25 Community Facilities District (CFD) Special Tax Administration Report.
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Contact
Contact: Claudia Lara, Debt Analyst, (916) 808-2267, clara@cityofsacramento.org; Brian Wong, Debt Manager, (916) 808-5811, bwong@cityofsacramento.org; Office of the City Treasurer
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Presenter
Presenter: None
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Attachments
Attachments:
1-Description/Analysis
2-FY2024/25 CFD Special Tax Administration Report
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Description/Analysis
IssueDetail
Issue Detail: The attached Fiscal Year (FY) 2024/25 Community Facilities District (CFD) Special Tax Administration Report (Annual Report) presents information regarding construction proceeds for all improvements-related CFDs. The Annual Report is required in accordance with California Government Code Section 50075.3 (SB 165 Reporting Requirements).
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PolicyConsiderations
Policy Considerations: Filing the Annual Report will satisfy the SB 165 reporting requirement for special taxes levied and collected for FY 2024/25.
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EconomicImpacts
Economic Impacts: Not applicable.
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EnvironmentalConsiderations
Environmental Considerations:
California Environmental Quality Act (CEQA): Under CEQA Guidelines, the administration of CFDs does not constitute a project and is therefore exempt from review (14 Cal. Code Regs. ? 15378(b)(2)).
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Sustainability
Sustainability: Not applicable.
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Commission/Committee Action
Commission/Committee Action: None.
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RationaleforRecommendation
Rationale for Recommendation: SB 165 Reporting Requirements stipulate that at least once a year, a report is to be filed with the City Council setting forth the following information:
a. The amount of funds (special taxes) that have been collected and expended.
b. ...
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