Community Facilities District Annual Reporting for Fiscal Year Ending June 30, 2025.

Summary

This report provides the annual financial and project status update for 27 Community Facilities Districts (CFDs) within the City of Chino for the fiscal year ending June 30, 2025, as mandated by Senate Bill 165. These districts are established to finance essential public infrastructure and services in specific development areas.

Key Financials (FY 2024-25): Each CFD reports on special taxes levied, amounts received (after accounting for minor delinquencies), and expenditures. Funds are primarily used for:

• Bond Payments: Covering principal and interest on special tax bonds that financed initial infrastructure (e.g., CFD No. 2003-3 IA 1 expended $1,437,062 for bond principal and interest).
• Administrative Expenses: Costs associated with managing the districts.
• Services: Funding ongoing maintenance for parks, parkways, open space, storm drainage systems, and public safety services (e.g., CFD No. 2003-3 IA 5 expended $695,441 for services).

Project Status: Many CFDs, such as CFD No. 2001-1 and CFD No. 2003-1, have completed their initial infrastructure projects, with their improvement funds closed. However, several districts, including CFD No. 2003-3 Improvement Area 10, CFD No. 2016-1, and CFD No. 2021-1, still have projects in progress, with significant improvement fund balances (e.g., CFD No. 2003-3 IA 10 has a $9,400,837.31 balance). These funds are anticipated to be expended as developer reimbursement requests are made for approved facilities. The infrastructure funded includes roads, bridges, sewers, water lines, storm drains, streetlights, traffic signals, landscaping, and park improvements.

Citizen Impact

Residents within these 27 Community Facilities Districts pay special taxes on their property to fund the construction and ongoing maintenance of local infrastructure and public services, such as roads, parks, and public safety. This report ensures transparency and accountability for how these specific taxes are collected and spent, directly affecting the quality of amenities and services in their neighborhoods.

Confidence

high