HomeMy WebLinkAboutSR - - ANNUAL FINANCIAL REPORT DEVELOPMENT IMPACT FEES FY 2014-15pF 0Ra .
AGENDA ITEM
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Date: December 8, 2015 77�1
Reviewed/Verified By:
City Manager E
TO: Honorable Mayor and Finance Director
Members of the City Council To Be Presented By
THRU Rick Otto X Cons Calendar _ City Mgr Rpts
City Manager Council Reports _ Legal Affairs
FROM: William M. Kolbox�� Boards /Crates _ Public Hrgs
Finance Director Admin Reports Plan /Environ
1. SUBJECT 77771
SUBMITTAL OF ANNUAL FINANCIAL REPORTS FOR DEVELOPMENT IMPACT
FEES FOR FISCAL YEAR 2014 -15.
2. SUMMARY 7771
In accordance with Section 66006 of California Government Code the City is required to annually
report on the status of Development Impact Fees, including the collection of revenue and
expenditures of these funds. This report summarizes the required financial information for FY
2014 -15.
3. RECOMMENDED ACTION
It is recommended that the City Council receive and file the annual financial reports relating to
Transportation System Improvement Program Fees, Park Acquisition (Infill) & Development
(Quimby) Fees, Fire Protection Facility Fees, Police Facility Development Fees, and Library
Facilities Development Fees.
4. FISCAL IMPACT
No fiscal impact as a result of this action.
5. STRATEGIC PLAN G
2d. Be a Fiscally Healthy Community — Effectively manage and develop City assets.
ITEM 3Z
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G. GENERAL PLAN IMPLEMENTATION
N/A
7. DISCUSSION and BACKGROUND
The California Government Code Sections 66000 through 66006 contain certain procedural
requirements that apply to the collection of development impact fees and the expenditure of these
revenues. Section 66006 of the California Government Code specifies accountability and annual
reporting requirements pertaining to development impact fees. SB 1693 modified this government
code section as of January 1, 1997. The report must include a description of the fee type in the
account, the amount of the fee, beginning and ending balances, fee and interest income,
expenditures by improvement, a description of interfund loans or transfers, including purpose,
interest rate and term, and any refunds. The report must also determine whether funds are available
to construct improvements while also identifying construction dates for projects with adequate
funding.
This report presents a review only of the development impact fee activity, by account, for the fiscal
year. It does not include any recommendations for any fee changes. However, any fee changes
that have occurred during the year have been incorporated into this report.
This report is analyzing unexpended revenues, i.e. fund balances, to determine if more than the
prior five years of collections have been exceeded. If the analysis shows that the balance on hand
exceeds five years of collections less costs of projects identified in the 7 year Capital Improvement
Program (CIP) Budget, then per the California Government Code Section 66001 (d), the City is
required to refund the "excess ". All funds are in compliance and no refunds are required.
The report must be made available within 180 days after the end of the current fiscal year and it
must be reviewed at the next regularly scheduled public meeting, but not less than 15 days after
the information becomes available.
8. ATTACHMENTS
Attachment A
— Annual Report for Transportation System Improvement Program Fees
Attachment B —
Annual Report for Park Acquisition (Infill) & Development (Quimby) Fees
Attachment C —
Annual Report for Fire Protection Facility Fees
Attachment D
— Annual Report for Police Facility Development Fees
Attachment E —
Annual Report for Library Facilities Development Fees.
ITEM
12/8/15
O Printed on Recycled Paper