Item 4 - Austin Water/Wastewater Semi-Annual Report — original pdf

Backup

CITY OF AUSTIN, TEXAS AUSTIN WATER SEMI-ANNUAL IMPACT FEE COLLECTIONS REPORT April 1, 2024 through September 30, 2024  City of Austin | Austin Water P.O. Box 1088 Austin, TX 78767 AustinWater.org Martin Tower, P.E., Managing Engineer, Austin Water Nam Nguyen, Financial Manager II, Austin Water November 12, 2024 Semi-Annual Impact Fee Collections Report for April 1, 2024 to September 30, 2024 MEMORANDUM To: From: Date: Subject: The Semi-Annual Impact Fee Collections Report as of September 30, 2024, is attached for your reference. The report is based on financial information reported in the City’s accounting system, ADV3, and in AMANDA, one of the City’s accounts receivable systems. Water fees collected during this six-month reporting period were $1,703,310 lower than the amount collected during the April through September reporting period a year prior; wastewater fees collected were $927,351 lower than those collected during the same period one year ago. Interest earnings for the six-month period equaled $839,473 significantly higher than prior periods due to high interest rates. The combined utility impact fees collected, plus interest, during the six-month period totaled $13,496,076. Of this total, $9,302,802 was for water and $4,193,274 was for wastewater. Total combined utility impact fees collected, plus interest, since the adoption of the current ordinance on June 20, 1990, through September 30, 2024, equal $507,009,837. Of this total, $343,555,424 was collected for water and $163,454,413 was collected for wastewater. As of September 30, 2024, the cash balances in the water and wastewater impact fee funds were $30,949,394 and $17,953,739 respectively, for a combined total of $48,903,133. Please let me know if you have any questions or need additional information. I can be reached at 512-972-0048. Cc: Shay Roalson, Director Joseph Gonzales, Assistant Director, Financial Services Christina Romero, Financial Manager III, Financial Services Frida Guo, Financial Manager II, Financial Services Marcia Brooks, Manager, AW Operations Dispatch Customer Service Center Teresa Lutes, P.E., Managing Engineer, Systems Planning Division Attachment: Semi-Annual Impact Fee Collections Report  Semi-Annual Impact Fee Collections Report October 1, 2016 through March 31, 2017 Texas Local Government Code, Chapter 395, Section 395.058, requires that the Impact Fee Advisory Committee “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.” This report supports the committee by providing financial information about the collection of impact fees, and the value of fee waivers and exemptions. Waivers are granted for policy reasons or are negotiated by City Council; exemptions are allowed under legal code or statute. In this report waivers and exemptions are grouped into one “waivers/exemptions” category. Adjustments are also made in situations in which fees are not owed. Since adjustments are not comparable to waivers/exemptions and do not affect the reporting of fee collection data, adjustments are not included in this report. Impact fees are collected, waived/exempted, and adjusted by both Water and Wastewater.  Pages 1 and 2 (Charts 1 through 3) detail the impact fees collected by the Combined utility, Water, and Wastewater, detailing fee collection and interest earnings by fiscal year.  Page 3 (Charts 4 and 5) detail the total amount waived/exempted by the Water utility, and the value of waivers/exemptions by category. These charts report data on a semi- annual basis, with reporting periods spanning April 1 through September 30.  Page 4 (Charts 6 and 7) are similar to Charts 4 and 5 but report the information regarding waivers/exemptions granted by the Wastewater utility.  Page 5 (Charts 8 and 9) report Capital Recovery Fee Collections by month for the current and prior fiscal year for Water and Wastewater.  Page 6 (Chart 10) Fee Waivers by month and by type for the current fiscal year.  Page 7 (Chart 11) Affordable Housing Waivers by Development with units by fiscal year  Page 8: Impact Fee Collections Summary inception to date with current six-month period. Semi-Annual Impact Fee Collections Report April 1, 2024 through September 30, 2024 Chart 1: Combined Utility Impact Fee Collections and Waivers e u n e v e R e u n e v e R $48,000,000 $44,000,000 $40,000,000 $36,000,000 $32,000,000 $28,000,000 $24,000,000 $20,000,000 $16,000,000 $12,000,000 $8,000,000 $4,000,000 $0 $32,000,000 $28,000,000 $24,000,000 $20,000,000 $16,000,000 $12,000,000 $8,000,000 $4,000,000 $0 Source Interest Earned FY2020 FY 2021 FY 2022 $467,583 $99,165 $268,007 FY 2023 $1,063,626 FY 2024 $1,566,304 Impact Fees $37,621,547 $44,175,852 $38,673,729 $29,599,264 $27,274,653 Waivers $3,923,002 $3,227,467 $3,794,683 $2,862,383 $3,027,323 Impact Fee % Change year over year 17.4% -12.5% -23.5% -7.9% Chart 2: Water Impact Fee Collections and Waivers Source FY2020 FY 2021 FY 2022 FY 2023 FY 2024 Interest Earned $361,991 $71,034 $180,122 $606,623 $953,218 Impact Fees $26,787,601 $30,513,872 $26,643,961 $20,678,266 $18,942,390 Waivers $2,856,615 $2,335,810 $2,641,835 $1,700,882 $1,947,174 1  Semi-Annual Impact Fee Collections Report April 1, 2024 through September 30, 2024 Chart 3: Wastewater Impact Fee Collections and Waivers e u n e v e R $16,000,000 $14,000,000 $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 Source Interest Earned FY2020 FY 2021 FY 2022 FY 2023 FY 2024 $105,591 $28,131 $87,884 $457,002 $613,086 Impact Fees $10,833,946 $13,661,980 $12,029,767 $8,920,998 $8,332,263 Waivers $1,066,387 $891,657 $1,152,848 $1,161,501 $1,080,149 2  Semi-Annual Impact Fee Collections Report April 1, 2024 through September 30, 2024 Chart 4: Water Impact Fees and Waivers/Exemptions $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 1,600,000 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 t n u o m A l a t o T d e v a W i t n u o m A Waivers/Exemptions Water Impact Fees Total Fees and Waivers/Exemptions Sep - 20 Mar - 21 Sep - 21 Mar - 22 Sep - 22 Mar - 23 Sep - 23 Mar - 24 Sep - 24 $736,688 $823,263 $1,512,548 $1,342,444 $1,299,391 $1,201,696 $499,185 $1,099,456 $847,718 $13,156,003 $9,761,647 $20,752,225 $11,285,432 $15,358,529 $10,195,812 $10,482,454 $10,163,247 $8,779,143 Waivers as % of Fees & Waivers 5.3% 7.8% 6.8% 10.6% 7.8% 10.5% 4.5% 9.8% 8.8% $13,892,690 $10,584,910 $22,264,773 $12,627,876 $16,657,921 $11,397,508 $10,981,639 $11,262,703 $9,626,860 Chart 5: Water Impact Fee Waivers/Exemptions by Type Waiver/Exemption Type Sep - 20 Mar - 21 Sep - 21 Mar - 22 Sep - 22 Mar - 23 Sep - 23 Affordable Housing $305,938 $478,038 Council Developer Agreements $212,300 $98,700 $790,948 $305,100 $771,794 $304,650 $804,241 $202,600 $877,446 $347,835 $2,250 $37,600 $32,950 Mar - 24 $446,206 $395,000 Government Other Waivers $132,200 $100,500 $56,600 $101,800 $12,000 $86,250 $146,025 $359,900 $164,200 $280,550 $253,700 Total Waivers/ Exemptions Affordable Housing Units $736,688 94 $823,263 118 $1,512,548 226 $1,342,444 165 $1,299,391 187 $1,201,696 220 Maximum exempted units 1500 1500 1500 1500 1500 1500 $13,650 $11,900 $135,450 $499,185 335 1500 $246,350 $1,099,456 100 1500 Sep - 24 $801,718 $9,400 $19,000 $17,600 $847,718 188 1500 3 Semi-Annual Impact Fee Collections Report April 1, 2024 through September 30, 2024 Chart 6: Wastewater Impact Fees and Waivers/Exemptions $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 t n u o m A l a t o T d e v a W i t n u o m A Waivers/Exemptions WW Impact Fees Total Fees and Waivers/Exemptions Sep - 20 Mar - 21 Sep - 21 Mar - 22 Sep - 22 Mar - 23 Sep - 23 Mar - 24 Sep - 24 $224,813 $211,781 $679,876 $760,338 $392,510 $818,719 $342,782 $635,394 $444,755 $5,564,673 $4,204,895 $9,457,085 $5,000,807 $7,028,961 $4,116,187 $4,804,812 $4,454,803 $3,877,461 Waivers as % of Fees & Waivers 3.9% 4.8% 6.7% 13.2% 5.3% 16.6% 6.7% 12.5% 10.3% $5,789,485 $4,416,676 $10,136,961 $5,761,145 $7,421,471 $4,934,906 $5,147,594 $5,090,197 $4,322,216 Chart 7: Wastewater Impact Fee Waivers/Exemptions by Type Waiver/Exemption Type Sep - 20 Mar - 21 Sep - 21 Mar - 22 Sep - 22 Mar - 23 Sep - 23 Affordable Housing $108,213 $109,531 $449,426 $446,238 Council Developer Agreements $77,800 $17,200 $37,600 $156,950 Government Other Waivers $27,200 $11,600 $36,450 $48,600 $21,200 $171,650 $79,250 $77,900 Total Waivers/ Exemptions $224,813 $211,781 $679,876 $760,338 $162,710 $112,500 $0 $117,300 $392,510 $470,919 $202,200 $22,200 $123,400 $818,719 $198,532 $59,300 $6,400 $78,550 $342,782 Mar - 24 $238,944 $264,450 $3,200 $128,800 $635,394 Sep - 24 $392,155 $35,000 $11,600 $6,000 $444,755 4 Semi-Annual Impact Fee Collections Report April 1, 2024 through September 30, 2024 Capital Recovery Fee Collections Chart 8: Water CRF Collections by Month ) $ ( s r a l l o D f o s n o i l l i M ) $ ( s r a l l o D f o s n o i l l i M 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 Water FY'24 Actual FY'23 Actual Oct $1.97 $1.85 Nov 1.18 1.26 Dec 1.57 1.72 Jan 1.62 1.88 Feb 2.57 1.69 Mar 1.68 2.05 Apr 1.85 2.05 May 1.51 1.35 Jun 1.43 2.06 Jul 1.90 1.90 Aug 1.17 1.61 Sep FY2024 1.43 $19.90 1.85 $21.28 Chart 9: Wastewater CRF Collections by Month Wastewater FY'24 Actual FY'23 Actual Oct $.96 $.77 Nov .61 .52 Dec .71 .72 Jan .63 .69 Feb 1.14 .76 Mar .72 .84 Apr .85 .95 May .67 .66 Jun .68 .89 Jul .89 .85 Aug .55 .70 Sep FY 2024 .55 $8.95 1.03 $9.38 5  Semi-Annual Impact Fee Collections Report April 1, 2024 through September 30, 2024 Chart 10: Fee Waivers by Month ) $ ( s r a l l o D f o s d n a s u o h T 800 700 600 500 400 300 200 100 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep FY 2024 Affordable Housing (*) Council Developer Government Other Waivers Total 22.5 85.3 .0 39.0 224.8 20.0 .0 93.6 55.0 55.5 .0 43.2 36.0 327.2 .0 93.6 79.2 110.8 .0 33.8 260.0 327.5 67.6 15.1 14.4 5.0 16.8 7.2 347.5 10.0 .0 .0 118.4 5.0 .0 32.4 39.8 12.5 .0 3.6 199.3 169.1 $1,879.0 5.0 13.8 30.4 .0 .0 7.6 $703.9 $45.7 $398.8 $146.7 $338.4 $153.7 $456.8 $223.8 $357.1 $356.5 $357.5 $155.8 $55.9 $248.5 $176.7 $3,027.3 Note: Combined water and wastewaters fee waivers Definitions: Affordable Housing: May not exempt more than 1,500 service units of affordable housing constructed each fiscal year from the requirement to pay impact fees. Service units of affordable housing within the development known as Robert Mueller Municipal Airport development. *Year-to-date, the total service units waived is 288. These units are primarily located in the Austin Gateway Apartments, El Prado at Estancia, Goodnight Ranch and Mueller developments Annexation: Water and Wastewater impact fee may not be collected on a water connection that is annexed for full purposes by the City. fees. Council Developer Agreements: This is for Council agreements/ordinances specifying the waiver of impact Government: Includes a) school waivers not required to pay impact fees imposed under this chapter. Senate Bill 883; b) State of Texas connections for a state owned building or property that is entirely occupied by a state agency c) community gardens that are city supported may not be assessed an impact fee. Other: Includes a)Fire protection may not be collected for a connection that is used to provide capacity only; b) Duplex 13-3A-10 (F) 6  Semi-Annual Impact Fee Collections Report April 1, 2024 through September 30, 2024 City of Austin, Texas Austin Water Summary of Affordable Housing Waivers by Development October 1, 2023 through September 30, 2024 Type of Waiver/Exemption Affordable Housing $ 1,247,924 631,099 $ 1,879,023 Water Wastewater $ Combined Total TOTAL $ 1,247,924 $ 631,099 $ 1,879,023 Affordable Housing by Development Development Name Development Address Austin Gateway Apartments, L.P AHFC-FC Norman Housing LP Cowman Way EHT of Texas, LP-Goodnight Ranch PUD David Weekly Homes - Goodnight Ranch PUD Cowman Way Tillery 4-Acre Project St Johns Ave Meadow Lake Subdivision Mueller Redevelopment:The Muskin Company- Section 11- 30 Single Family Guadalupe Neighborhood Development Corporation (GNDC) 1905 Keilbar LLC Scenic Point - Phase II June West LLC AISD Loyola Lane Guadalup Neighborhood Development Corporation1113 E 9TH ST UNIT B Circulo De Amistad David Weekly homes at Goodnight Ranch- Goodnight Ranch PUD Paul Teresa Saldana St 3339 CASEYBRIDGE CT 502,785 5712 JACKIE ROBINSON ST & 3801 TANNEHILL LN 269,500 248,250 6000 Cowman Way 162,150 6512 STOCKMAN DR BLDG 2 154,200 126,000 126,000 126,000 42,750 38,000 17,600 16,500 16,188 14,400 7,200 5,500 4,700 1,300 1,879,023 Fees Waived $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 809 E 9TH ST 1905 KEILBAR LN 7204/7208 Boyle Dr 1200 W KOENIG LN ZIA DR 1127 Tillery Street 1500 E St Johns Ave 7051 Meadow Lake Boulevard 6301 Circulo De Amistad 5904 RANGELAND RD 1204 Paul Teresa Saldana St TOTAL Service Units Waived 66 35 35 22 21 18 18 18 6 5 16 3 16 2 1 5 1 1 288 $ (*) Service units waived for these addresses are on the water permits Chart 11: Combined Utility Affordable Housing waivers $2,300,000 $2,200,000 $2,100,000 $2,000,000 $1,900,000 $1,800,000 $1,700,000 $1,600,000 7 Affordable Housing Affordable Housing units Maximum allowable units FY 2020 $1,838,902 $1,827,942 $2,184,983 $1,894,733 $1,879,023 FY 2021 FY 2022 FY 2024 FY 2023 331 1500 344 1500 352 1500 335 1500 288 1500 Semi-Annual Impact Fee Collections Report April 1, 2024 through September 30, 2024 City of Austin, Texas Austin Water Impact Fee Collections Summary Austin Water Description Water Wastewater Total SIX MONTHS ENDED: April 1, 2024 through September 30, 2024 Total Dollar Value of Taps & Connections Impact Fee Waivers/Exemptions Net Impact Fees Collected 9,626,860 4,322,216 13,949,076 $ (847,718) 8,779,143 $ (444,755) 3,877,461 $ (1,292,473) 12,656,603 Interest Earnings $ 523,659 $ 315,814 $ 839,473 Total Impact Fees Collected $ 9,302,802 $ 4,193,274 $ 13,496,076 INCEPTION TO DATE: June 20, 1990 – September 30, 2024 Total Impact Fees collected by the City of Austin since the adoption of the current Impact Fee Ordinance from June 1990 (19900607-F) to-date are shown below. Impact Fees Collected Interest Earnings Used for Debt Defeasance Used for CIP* Used for Debt Service** Other Adjustments*** Total Impact Fees Collected $ 343,555,424 $ 163,454,413 $ 507,009,837 335,912,468 159,092,073 495,004,541 7,642,957 4,362,339 12,005,296 (231,040,662) (95,358,520) (326,399,182) (35,506,672) (18,995,655) (54,502,327) $ (46,801,328) 742,632 30,949,395 $ (31,784,345) 637,847 17,953,739 $ (78,585,673) 1,380,479 48,903,134 Impact Fee Cash Balances Application of Impact Fee Funds for Debt Defeasance by Fiscal Year FY 1992 thru 2018 Application of Impact Fee Funds for Capital Projects by Fiscal Year FY 2002* thru 2018 Application of Impact Fee Funds for Debt Service by Fiscal Year FY 2007** thru 2018 $ (83,768,766) $ (41,749,098) $ (125,517,864) (24,800,000) (9,400,000) (34,200,000) (31,000,000) (9,000,000) (40,000,000) - - - (43,600,000) (16,400,000) (60,000,000) (35,750,684) (10,930,634) (46,681,318) TOTAL $ (12,121,212) (231,040,662) $ (7,878,788) (95,358,520) $ (20,000,000) (326,399,182) $ (35,506,672) $ (18,995,655) $ (54,502,327) - - - - - - - - - - - - - - - TOTAL - $ (35,506,672) - $ (18,995,655) - $ (54,502,327) $ (46,801,328) $ (31,784,345) $ (78,585,673) - - - - - - - - - - - - - - - TOTAL - $ (46,801,328) - $ (31,784,345) - $ (78,585,673) * AW restricted the use of collected Impact Fees for defeasance of outstanding revenue bonds until FY 2002, at w hich time the AW's policy changed to allow Impact Fees to be used to fund certain major plant capacity improvements. ** In FY 2007, management decided to use Impact Fee collections to pay debt service. *** Includes transfers in for Fairw ay Ridge, Circle C, refunds and other miscellaneous adjustments.   8        FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024