OCII approves 2022 CFD levy and budget, holds $37 million in unappropriated funds

The Commission on Community Investment and Infrastructure voted to approve the fiscal-year 2022 special tax levy and calendar-year 2022 expenditures for Community Facilities Districts administered by OCII, adopting Resolution No. 40-2021 by a recorded vote of 4 ayes and 1 absent.

Melissa Whitehouse, OCII's Community Facilities District project manager, presented the budget and recommended approval. "I recommend your approval of the fiscal year 2122 special tax levy as well as the calendar year 2022 expenditures for the 7 community facility districts that OCII administers," she said during the presentation. Staff said the special tax levy for the upcoming year is $18,700,000 and noted an additional $124,000 from Mission Bay North property tax, producing an $18,800,000 budget figure. The CFD portfolio also shows a $37,000,000 unappropriated fund balance.

OCII staff said most infrastructure CFD spending is devoted to debt service and that maintenance CFDS primarily fund ongoing infrastructure maintenance. Whitehouse told commissioners there were no substantive changes from the detailed budget materials presented at the prior meeting and that staff had not made recommended edits after the workshop.

After no public speakers on the item, Vice Chair Rosales moved approval and Commissioner Scott seconded. The secretary recorded a roll call vote of 4 ayes, 0 noes, and 1 absent; the motion carried.

The approval carries forward OCII's planned spending levels for its seven CFDs and preserves flexibility reflected in the unappropriated fund balance; staff said they will return in the spring with the same level of detail that was included in OCII's regular budget materials.