REPORT TO THE FRESNO EIFD PUBLIC FINANCE AUTHORITY
June 23, 2025
FROM: SANTINO DANISI, Finance Director/City Controller
Finance Department
SUBJECT
Title
Actions pertaining to the Fresno Enhanced Infrastructure Financing District (Fresno EIFD) Annual Report for Fiscal Year 2024-2025:
1) HEARING to Consider the Resolution to adopt the Fresno EIFD Annual Report for Fiscal Year 2024-2025.
2) RESOLUTION - Adopt the Fresno EIFD Annual Report for Fiscal Year 2024-2025.
Body
RECOMMENDATION
Staff recommends that the Fresno EIFD Public Financing Authority (PFA) conduct a public hearing on the Annual Report for Fiscal Year 2024-2025 and approve a Resolution to adopt the Fresno EIFD Annual Report for Fiscal Year 2024-2025.
EXECUTIVE SUMMARY
On an annual basis, State law requires the PFA to review the Infrastructure Financing Plan (IFP) and consider any amendments that are necessary and appropriate, require the preparation of an annual independent financial audit, and adopt an annual report documenting the status of specific elements of implementation of the IFP following a public hearing process.
The Fresno Enhanced Infrastructure Financing District Annual Report for Fiscal Year 2024-2025 is hereby formally submitted for adoption. This Annual Report is prepared pursuant to Government Code Section 53398.66 and presents the following information:
a) A description of the projects undertaken in the fiscal year, including any rehabilitation of structures, and a comparison of the progress expected to be made on those projects compared to the actual progress.
b) A chart comparing the actual revenue and expenses, including administrative costs, of the PFA to the budgeted revenues and expenses.
c) The amount of tax increment revenue received.
d) An assessment of the status regarding completion of the EIFD's projects.
e) The amount of revenue expended to assist private businesses.
As required by State Law, a draft Annual Report for the Fiscal Year 2024...
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