The Public Facilities Financing Authority was established in 1990 solely to assist in the issuance of certain bonds for a series of Community Facilities Districts for the construction of infrastructure and improvements under the State of California Mello-Roos Act. The Authority is controlled by and financially dependent on the City. Its financial activities are included in the capital projects and fiduciary funds of the City, and are reported as part of the City's budget (the City's budget also includes financial reserves policies such as the General Fund Reserve Policy, Enterprise Fund Reserve Policy, and Investment Policy).

The City Council serves as the Board of Directors of the Authority.

The Authority meets on an as-needed basis.  Authority agenda items are combined with the regular City Council agenda.

Resolution Establishing the Public Facilities Financing Authority (PDF)