Lowell Joint School District: 2022-23 Capital Facilities Report Overview

In the 2022-23 Capital Facilities Report for Lowell Joint School District, information on developer fees, fee amounts, fee description, use criteria for levying fees, and fund balances is provided. The report highlights the fees collected for residential and commercial construction projects, as well as the beginning and ending balances of the Capital Facilities Fund.

• School District
• Capital Facilities
• Developer Fees
• Lowell Joint
• 2022-23

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1. LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 2022-23 CAPITAL FACILITIES REPORT Summary of Developer Fees November 6, 2023

2. LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Government Code Section 66006(b) Fees for Development Projects District must make the following information available: A. Description of type of fees in the account or fund B. Amount of the fees C. Beginning and ending balances D. Amount of fees collected and interest earned E. Amount of expenditures by facility F. Date project will be begin (if applicable) G. Description of inter-fund transfer or loan (if applicable) H. Amount of any refunds (if applicable)

3. LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Item A Description of Fee and Use A fee is levied on new residential and commercial/industrial construction and construction projects greater than 500 square feet on existing residential and commercial/industrial property located within the District. The fees are used for costs attributed to the increased demand for public facilities reasonably related to the development project or costs necessary to refurbish existing facilities to maintain the existing level of service.

4. LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Item B Amount of 2022-23 Level I Fees The District collected $4.79 per square foot for residential construction (Increased from $4.08/sq. ft.) The District collected $0.78 per square foot for commercial construction (Increased from $0.66/sq. ft.)

5. LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Criteria to Levy Level II Fees Under provisions of SB50 (1998), fees cannot exceed the statutory amount unless two of four criteria are met: Substantial amount of students are on multi-track year-round schools; District has placed a local bond on the ballot; District has issued debt equivalent to 30 percent of bonding capacity; and At least 20 percent of the teaching stations are relocatable classrooms. Lowell Joint does not meet this criteria, so Level 1 fees are collected.

6. LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Item C Beginning and Ending Balances Capital Facilities Fund 2022-23 Fund Summary (amount in thousands) Beginning Balance $460,020 Expenditures $36,115 Revenues $318,250 Ending Balance $742,155 $- $200,000 $400,000 $600,000 $800,000

7. LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Item D Fees, Interest, and Other Income Capital Facilities Revenue Summary (amount in thousands) 17.3 2018-19 31.2 59 2019-20 24.4 64.4 2020-21 Fees 8.1 Interest 268.5 2021-22 4.9 300.9 2022-23 17.4 0 100 200 300 400

8. LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Item E Amount of Expenditures by Facility Capital Facilities Expenditures 2022-23 2018-19 2019-20 2020-21 2021-22 2022-23 El Portal $220 $0 $1,847 $0 $1,047 Jordan $1,476 $0 $373,330 $974,229 $30,600 Macy $1,833 $0 $1,601 $0 $1,047 Meadow Green $16,681 $1,322 $1,019 $0 $1,047 Olita $2,360 $0 $1,870 $0 $1,047 Rancho Starbuck $169,002 $44,754 $2,849 $0 $1,047 District Office $0 $1,944 $0 $1,712 $278

9. LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Capital Facilities Fund Report Item F- Jordan Elementary Project began on June 7, 2021 Item G - Description of inter-fund transfer or loan (if applicable) Item H - Amount of any refunds (if applicable) Items G H were not applicable in 2022-23

10. LOWELL JOINT SCHOOL DISTRICT A Tradition of Excellence Since 1906 Questions