Backup Item #3 - Water/Wastewater Semi-Annual Update — original pdf

Backup

Semi-Annual Impact Fee Collections As of March 31, 2025 Nam Nguyen, Financial Manager II May 13, 2025 Background  Data pulled from City’s accounting system, ADV3, and in AMANDA, the City’s receivable systems  Texas Local Government Code, Chapter 395, Section 395.058 requires Impact Fee Advisory Committee to file semi-annual report  Provide financial information about collection of impact fees, value of fee waivers and exemptions  Waivers are granted for policy reasons allowed under legal code or statute and grouped into “waivers/exemptions” category  Impact fees collected, waived/exempted, and adjusted by both Water and Wastewater Agenda  Combined Utility, Water, and Wastewater fee collection and interest earnings by fiscal year  Waived/exempted by category by the Combined Utility, Water, and Wastewater  Capital Recovery Fee Collections by month for current and prior fiscal year for Water and Wastewater  Fee Waivers by month and by type for the current fiscal period  Affordable Housing waivers by Development with units by fiscal period  Impact Fee Collections Summary inception to date with current fiscal period Impact Fees Highlights October 1, 2024 - March 31, 2025 Water Impact Fees Collected  $9,976,544.  $186,703 lower than prior period  $624,272 interest earned, $194,714 higher due to higher interest rates Wastewater Impact Fees Collected  $4,162,825  $291,978 lower than prior period  $345,488 interest earned, $49,214 higher due to higher interest rates Cash Balance  Water Cash balance: $41,550,210  Wastewater Cash balance $22,463,052  Combined Cash balance $64,013,262 Combined Utility Impact Fee Collections and Waivers 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 Source Interest Earned FY 2021 FY 2022 $99,165 $268,007 FY 2023 $1,063,626 FY 2024 $1,566,304 FY 2025 $970,759 Impact Fees $44,175,852 $38,673,729 $29,599,264 $27,274,653 $14,139,369 Waivers $3,227,467 $3,794,683 $2,862,383 $3,027,323 $969,050 Water Impact Fee Collections and Waivers e u n e v e R $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 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 Interest Earned $71,034 $180,122 $606,623 $953,218 $624,272 Impact Fees $30,513,872 $26,643,961 $20,678,266 $18,942,390 $9,976,544 Waivers $2,335,810 $2,641,835 $1,700,882 $1,947,174 $538,044 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 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 $28,131 $87,884 $457,002 $613,086 $346,488 Impact Fees $13,661,980 $12,029,767 $8,920,998 $8,332,263 $4,162,824 Waivers $891,657 $1,152,848 $1,161,501 $1,080,149 $431,006 Water Impact Fees and Waivers/Exemptions t n u o m A l a t o T $25,000,000 $20,000,000 $15,000,000 $10,000,000 $5,000,000 $0 Waivers/Exemptions Water Impact Fees Total Fees and Waivers/Exemptions Waivers as % of Fees & Waivers Mar - 21 Sep - 21 Mar - 22 Sep - 22 Mar - 23 Sep - 23 Mar - 24 Sep - 24 Mar - 25 $823,263 $1,512,548 $1,342,444 $1,299,391 $1,201,696 $499,185 $1,099,456 $847,718 $538,044 $9,761,647 $20,752,225 $11,285,432 $15,358,529 $10,195,812 $10,482,454 $10,163,247 $8,779,143 $9,976,544 $10,584,910 $22,264,773 6.8% 7.8% $12,627,876 $16,657,921 7.8% 10.6% $11,397,508 10.5% $10,981,639 4.5% $11,262,703 9.8% $9,626,860 8.8% $10,514,588 5.1% Water Impact Fee Waivers/Exemptions by Type 1,600,000 d e v a W i t n u o m A 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 Waiver/Exemption Type Mar - 21 Sep - 21 Mar - 22 Sep - 22 Affordable Housing $478,038 $790,948 Council Developer Agreements $98,700 $305,100 $771,794 $304,650 $804,241 $202,600 Government Other Waivers $100,500 $56,600 $101,800 $12,000 $146,025 $359,900 $164,200 $280,550 $253,700 Total Waivers/ Exemptions Affordable Housing Units $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 Mar - 23 $877,446 $37,600 $32,950 Sep - 23 Mar - 24 Sep - 24 $347,835 $2,250 $446,206 $395,000 $13,650 $11,900 $135,450 $499,185 335 1500 $246,350 $1,099,456 100 1500 $801,718 $9,400 $19,000 $17,600 $847,718 188 1500 Mar - 25 $279,794 $227,950 $3,000 $27,300 $538,044 79 1500 Wastewater Impact Fees and Waivers/Exemptions t n u o m A l a t o T $12,000,000 $10,000,000 $8,000,000 $6,000,000 $4,000,000 $2,000,000 $0 Waivers/Exemptions WW Impact Fees Total Fees and Waivers/Exemptions Mar - 21 Sep - 21 Mar - 22 Sep - 22 Mar - 23 Sep - 23 Mar - 24 Sep - 24 Mar - 25 $211,781 $679,876 $760,338 $392,510 $818,719 $342,782 $635,394 $444,755 $431,006 $4,204,895 $9,457,085 $5,000,807 $7,028,961 $4,116,187 $4,804,812 $4,454,803 $3,877,461 $4,162,825 $4,416,676 $10,136,961 $5,761,145 $7,421,471 $4,934,906 $5,147,594 $5,090,197 $4,322,216 $4,593,831 Waivers as % of Fees & Waivers 4.8% 6.7% 13.2% 5.3% 16.6% 6.7% 12.5% 10.3% 9.4% Wastewater Impact Fee Waivers/Exemptions by Type d e v a W i t n u o m A $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 $0 Waiver/Exemption Type Mar - 21 Sep - 21 Mar - 22 Sep - 22 Affordable Housing $109,531 $449,426 Council Developer Agreements $17,200 $37,600 Government Other Waivers $36,450 $48,600 $21,200 $171,650 $446,238 $156,950 $79,250 $77,900 $162,710 $112,500 $0 $117,300 Total Waivers/ Exemptions $211,781 $679,876 $760,338 $392,510 Mar - 23 $470,919 $202,200 $22,200 $123,400 $818,719 Sep - 23 Mar - 24 Sep - 24 $198,532 $59,300 $6,400 $78,550 $342,782 $238,944 $264,450 $3,200 $128,800 $635,394 $392,155 $35,000 $11,600 $6,000 Mar - 25 $117,806 $300,000 $2,000 $11,200 $444,755 $431,006 Water CRF Collections by Month 3,000,000 2,500,000 2,000,000 1,500,000 1,000,000 500,000 0 ) $ ( s r a l l o D f o s n o i l l i M Water FY'25 Actual FY'24 Actual Oct $1.73 $1.97 Nov 1.40 1.18 Dec 1.26 1.57 Jan 2.15 1.62 Feb 1.85 2.57 Mar 2.21 1.68 Apr .00 1.85 May .00 1.51 Jun .00 1.43 Jul .00 1.90 Aug .00 1.17 Sep .00 1.43 FY 2025 $10.60 $19.90 Wastewater CRF Collections by Month 1,400,000 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 ) $ ( s r a l l o D f o s n o i l l i M Wastewater FY'25 Actual FY'24 Actual Oct $.65 $.96 Nov .55 .61 Dec .51 .71 Jan .88 .63 Feb .77 1.14 Mar 1.15 .72 Apr .00 .85 May .00 .67 Jun .00 .68 Jul .00 .89 Aug .00 .55 Sep FY 2025 .00 .55 $4.51 $8.95 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 2025 Affordable Housing (*) 7.2 179.6 65.9 14.5 121.5 Council Developer Government Other Waivers 525.5 2.0 .0 .0 3.0 .0 Total $534.7 $182.6 .0 .0 30.4 $96.3 .0 .0 .5 2.5 .0 7.6 9.0 .0 .0 .0 $397.6 $528.0 $5.0 $38.5 $15.0 $131.6 $9.0 $.0 $.0 $.0 $.0 $.0 $.0 $969.1 Affordable Housing Waivers by Development October 1, 2024 through March 31, 2025 Type of Waiver/Exemption Affordable Housing Water $ 279,794 Wastewater $ 117,806 Combined Total $ 397,600 TOTAL $ 279,794 $ 117,806 $ 397,600 Affordable Housing by Development Development Name Development Address EHT of Texas, LP-GoodnightRanch PUD Scenic Point - Phase II 6512 Stockman Dr 7204/7208 Boyle Dr SGI Ventures, Inc Mueller Section 9B Austin House Finance Corp. Austin House Finance Corp. Easton Park MultiFamily 1004 E 39th St McBee-Robert Browning 3435 Parker Ln 2210 Pershing Dr., 3515 Manor R 7013 E William Cannon Dr Fees Waived $ $ $ $ $ $ $ 14,400 1,100 57,600 20,250 8,800 115,900 179,550 Service Units Waived 2 1 8 3 8 34 24 (*) Service units waived for these addresses are on the water permits TOTAL $ 397,600 $ 79 Combined Utility Affordable Housing waivers $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Affordable Housing Affordable Housing units Maximum allowable units FY 2020 $1,827,942 FY 2021 $2,184,983 FY 2022 $1,894,733 FY 2023 $1,879,023 FY 2024 $397,600 344 1500 352 1500 335 1500 288 1500 79 1500 Impact Fee Collections Summary Description Water Wastewater Total SIX MONTHS ENDED: October 1, 2024 through March 31, 2025 Total Dollar Value of Taps & Connections Impact Fee Waivers/Exemptions Net Impact Fees Collected 10,514,588 4,593,831 15,108,419 $ (538,044) 9,976,544 $ (431,006) 4,162,825 (969,050) 14,139,369 $ Interest Earnings $ 624,272 $ 346,488 $ 970,759 Total Impact Fees Collected $ 10,600,816 $ 4,509,313 $ 15,110,129 INCEPTION TO DATE: June 20, 1990 – March 31, 2025 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 $ 354,156,240 $ 167,963,725 $ 522,119,966 345,889,012 8,267,228 163,254,898 4,708,827 509,143,910 12,976,055 (231,040,662) (35,506,672) (95,358,520) (18,995,655) (326,399,182) (54,502,327) (46,801,328) 742,632 41,550,210 $ (31,784,345) 637,847 22,463,052 $ (78,585,673) 1,380,478 64,013,262 $ Impact Fee Cash Balances Impact Fee Collections Summary Cont. Description Water Wastewater Total Application of Impact Fee Funds for Debt Defeasance by Fiscal Year FY 1992 thru 2018 $ (83,768,766) $ (41,749,098) $ (125,517,864) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 (24,800,000) (31,000,000) - (43,600,000) (35,750,684) (12,121,212) - (9,400,000) (9,000,000) - (16,400,000) (10,930,634) (7,878,788) - (34,200,000) (40,000,000) - (60,000,000) (46,681,318) (20,000,000) Application of Impact Fee Funds for Capital Projects by Fiscal Year FY 2002* thru 2019 $ (35,506,672) $ (18,995,655) $ (54,502,327) TOTAL $ (231,040,662) $ (95,358,520) $ (326,399,182) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 - - - - - - - - - - - - - - - TOTAL - (35,506,672) $ - (18,995,655) $ - (54,502,327) $ Application of Impact Fee Funds for Debt Service by Fiscal Year FY 2007** thru 2019 $ (46,801,328) $ (31,784,345) $ (78,585,673) FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 - - - - - - - - - - - - - - - TOTAL - (46,801,328) $ - (31,784,345) $ $ (78,585,673) Questions?