HomeMy WebLinkAboutRoad Impact Fees power point 10,26,202110/26/2021
Impact Fees — Road
STEPHEN OKIYE
INTERIM FINANCE DIRECTOR
- DOES THE CITY OF PSL RECEIVE
AN EQUITABLE DISTRIBUTION OF
IMPACT FEES FROM ST. LUCIE
COUNTY
WHERE ARE COUNTY IMPACT
FEES EXPENDED
TRENDS IN IMPACT FEE
COLLECTIONS
1
10/26/2021
December 2020 BAC Recommendations
Annual Impact Fee Report — St. Lucie County (SLC) should provide an Annual Impact Fee Report
to Port St. Lucie (PSL)
Intergovernmental Coordination between PSL and SLC- Consider structuring a procedures that
require cooperation between SLC and PSL.
Mobility Fee - PSL may wish to contract with a Consultant to prepare a study on the use of
Mobility Fees.
SLC Impact Fees Generated Within The
Municipal Boundaries of PSL
Total Collected
County Impact
Percent of
Fiscal Year
Road
Library
Building
Parks
within PSL
Fee (SLC C.AFR)
County Impact
Fee
FY 15 16
53,393,501.44
S241,179.84
S498,700.16
SI,230,264.96
$5,363,646.40
7,053,232.00
76%
FY 16 1'
S3,939,873.50
S313,401.60
$437,533.22
S1,761,568.32
56,502,376.64
7,649,488.00
35%
FY 17 19
S5,909,129.67
$528,773.76
S697,103.45
S2,697,490.56
S9,332,497.44
12,196,539.00
81%
FY IS 19
$7,542,497.49
$713,892.48
S980,878.65
S4,257,144.00
S13,494,402.62
16,571,151.00
81%
FY 19 20
S9,690,669.67
S878,431.63
SI,209,463.52
S5,230,402.24
S17,058,967.11
20,459,069.00
83%
Total:
S30,525,661.77
$2,675,679.36
S3,823,619.00
S15,226,870.08
$52,251,890.21
S63,934,479.00
82%
Fiscal Year Road Library Building Parks Total Collected
nithin PSL
FY20'21 519,324,517.71 $1,55S,41S.33 S2,213,939.12 S9,705,752.00 $32,802,627.71
FY 15116 to S49,850,179.48 S4,234,093.24 S6,037,613.12 S24932,622.03 SS5,054 517.92
FY 20/21
• unaudited
2
10/26/2021
SLC FY2021 BUDGETED ROAD IMPACT FEE
SLC Impact Fees Adopted CIP - North of Midway
Project
FY Budget FY FY 2022 FY 2023 FY 2024 FY 2025 TOTAL FY 21-
20-21 25
City of PSL
fa idw ay Road Widening(lenk ins Road to Selvitz Road) 58,000,000 S 8,000,000
Turn ike Interchange at Midway Road 5 3,500,000 S 3,5D0,DDO
Glades Cut-off Road Improvements 5 4,500,000 $ 4,500,00o
Total City of PSL S S 8,0D0,000 S 5 58,000,000 5 16,000,000
North of Midway
Jenkins Rd. (M idway Rd. - Orange Ave)
$ 600,D00
$ 6D0,0DO
Jenkins Rd. (Midway Road to Wal-Mart Distribution)
5 2,ODOOOD
5 S,DOO,ODD
$ 5,000,000
S 12,000,000
Selvitz Rd Improvements (Glades Cutoff - Edwards)
5 1,OOQ000
5 7,000,0D0
$ 5,0N D00
S 13,000,000
Dell Avenue Sidewalk (25th SVeetto Sunrise Boulevard)
S 200,000
5 200,ODO
Oleander Avenue Vision Study
S 550,000
S 550,D00
Lennard Road ROW tERD Parcel)
5 350,000
S 350,000
Kings Highway @ Indrio
$ 1,673,564
S 1,673,564
Oleander Avenue Sidewalk (Edwards Roadto South Market Avenue)
5 450,000
$ 450,000
Total Nonh of Midway
5 5,573,564
$12,000,000
$10,200,000
51,050,000
5 $ 28,223,564
Total
$ 5,573,564
520,0D0,000
S10,200,DD0
$1,050,000
58,000A00 5 44,223,564
36% OR $16.0 MILLION OF THE $44.2 MILLION TOTAL PROJECTS FY 21 -25 IN THE SLC CIP ARE PROJECTS
WITHIN THE CITY LIMITS. Link:2021 SLC Final Budget - PDF343
St. Lucie C•ounly, Florida
Budgetary Comparison Schedules
Governmental Funds
For the year ended September 311, 2020
REVENUES
Impact fits
Intergovemmental
Investment income
Totalresenucs
EXPENDITURES
('anent
Public safety
('uhurc and recreation
caporal outlay
rotal expenditures
Excess (deficiency) of re%enues
over(under)expenditures
01 HER FIX,\XCI\C SOURCES (USES)
1 mnefcre in
Transfers out
Total other financing sources (uses)
Net change in fund balances
Fund balances - beginning
Fund balances - ending
Impact Fcc
\'erta nee
Float Poetrh e
Budget Actual 1\egatbe)
5 3.951,639 S 20,459,069 S 16,507,431
1,496,055 2,509,326 1,012,471
185,000 1.804.739 1,619, 739
3,632,693 24.772.334 19.139,GI1
8.335 8,33$
380,790 269,102 111.688
6,327.883 1,061.247 3,266.636
6,717,008 1,339,684 5,378,324
(1,094,313) 23,433,650 24.517,965
11.032.927
(11,032,927)
(11,560.656)
11,014,699)
10.515.937
(527329)
(1,044,699)
(516,970)
(1,612,044)
22,388,951
24,000,995
46.036.370
42,046,361
(3,990,009)
S 44,424326 S
64,435,312 S
20.010,986
3
10/26/2021
Concluding Remarks
FY 20/21 SLC Road Impact Fees collected within City limits totaled $19.3 million.
Between FY 20/21 to FY 24/25 the SLC FY 20/21Final Budget listed $16 million in road projects
within or bordering the City limits, which identified road impact fees as a funding source.
SLC Comprehensive Annual Financial Report the Budgetary Comparison Schedule for Impact fees
shows an ending fund balance of $64 million and impact fee revenue of $20.4 million for FY
19/20. Showing $39.7 Million reserved for transportation for FY 19/20.
BAC - The City should focus on moving people.
BAC - Mobility Fees provide a range of options for the use of the funding which include bike
lanes, sidewalks, transit, trails, and roads.
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