m - City of New Braunfels

20
September 13, 2010
New Braunfels Utilities
.-
Ms. Shannon Mattingly, AICP
Director of Planning and Community Development
City of New Braunfels
424 South Castell Ave
New Braunfels, TX 78131
Re: New Braunfels Utilities Impact Fee Advisory Committee Report for the period of December 31,
2009 through June 30, 201 0
Dear Ms. Mattingly:
According to Chapter 395 of the State Government Code a report should be filed semiannually with the
New Braunfels Impact Fee Advisory Committee ("Advisory Committee") that was established to advise
the New Braunfels City Council on the Impact Fee program. Pursuant to this report filing requirement,
this is New Braunfels Utilities report submission to the Advisory Committee for the City of New Braunfels.
Impact Fee balances and activity for the six months ended June 30, 2010 were as follows:
Water Sewer Total
Impact Fee Balance at 12/31/09 $ 1,890,430.09 $7,304,815.61 $ 9, 195,245.70
(Includes net interest income since
inception)
Impact Fee Activity for the period 01101110- 06130110:
~mpact ·Fees Collected 264,130.80 338,331.40 602,462.20
Net Interest Received 4,258.22 20,515.70 24,773.92
Less: Impact Fee Expenditures (79,878.99) (89,329.48) (169,208.47)
Net change in Impact Fee Balance 188,510.03 269,517.62 458,027.65
Impact Fee Balance at 6/30/10 $ 2,078,940.12 $ 7,574,333.23 $ 9,653,273.35
The Capital Improvements Plan (CIP) for the new Impact Fees does not include funding for any water line
extension in the system or for any sewer main extensions 12 inches or less in diameter. Costs for line
extensions in the system are expected to be paid for directly by the developments requiring the
New Braunfels Utilities. 263 E. Main Plaza · P.O. Box 310289 • New Braunfels, Texas 78131-0289
Bus: 830-629-8400 · Metro: 830-606-2074 ·Fax: 830-629-2119