SR - - ANNUAL FINANCIAL REPORT DEVELOPMENT IMPACT FEES FY 2013-149y. ,p er
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Date: December 9, 2014
TO: Honorable Mayor and
Members of the City Council
THRU: John W. Sibley
City Manager
FROM: William M. Kolbow- ' - , �
Finance Director �,/
ReviewedNeri ed By:
City Manager
Finance Directo
To Be Presented y:
X Cons Calendar
City Mgr Rpts
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Council Reports _
Legal Affairs
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Plan/Environ
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SUBMITTAL OF ANNUAL FINANCIAL REPORTS FOR DEVELOPMENT IMPACT
FEES FOR FISCAL YEAR 2013 -14.
2. SUMMARY
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 2013 -14.
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.
1 5. STRATEGIC PLAN GOAL(S)
2d. Be a Fiscally Healthy Community — Effectively manage and develop City assets.
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6. 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, or will be in compliance upon the
adoption of the 2015 -16 CIP Budget.
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
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