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. The status of any project required or authorized to be funded by the special taxes.
This information is included in the attached Annual Report for all improvements-related CFDs administered by the City that levied a special tax in FY2024-25.
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FinancialConsiderations
Financial Considerations: There are no financial impacts to any City funds.
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LocalBusinessEnterprise
Local Business Enterprise (LBE): Not applicable.
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