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HomeMy WebLinkAboutAGENDA REPORT 2007 1205 CC REG ITEM 10G D• G• City Council Meeting MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council FROM: Johnny Ea, Finance Director 27 Q � Prepared by: Irmina Lumbad, ance/Accounting Managery DATE: November 19, 2007 (CC Meeting of December 5, 2007) SUBJECT: Consider the Report Titled "Accounting of Fund Information as Required by Section 66006 of the California Government Code for Fiscal Year 2006/2007" BACKGROUND Section 66006 of the California Government Code (Code) requires local agencies to make available to the public information regarding development-related fees exacted by the City. This information is to be contained in a report made available for public review within at least 180 days after the end of the City's fiscal year. DISCUSSION Section 66006 of the Code requires the City to prepare a report that addresses eight (8) elements for each fund holding development-related fees. Staff has compiled the required information for each of the funds in a report entitled "Accounting of Fund Information as Required by Section 66006 of the California Government Code for Fiscal Year 2006/2007." The report relates to transactions made during the fiscal year that concluded on June 30, 2007. As required by the Code, this report has been made available to the public at least 15 days prior to the meeting date at the front counter of City Hall. 000154 Honorable City Council December 5, 2007 Page 2 STAFF RECOMMENDATION Receive and file said report. Attachment: "Accounting of Fund Information as Required by Section 66006 of the California Code for Fiscal Year 2006/2007" 2 Q�TFO .lV�� City of Moorpark, California Accounting of Fund Information as Required by Section 66006 of the California Government Code for Fiscal Year 2006/2007 Scheduled for Public Review at the City Council Meeting of December 5, 2007 Overview In compliance with Sections 66000 - 66006 of the California Government Code (Code), the City of Moorpark is required to provide a separate accounting for funds from which revenues are derived from developer fees and the proceeds of such fees are used to provide public facilities. The Code provides the following definitions: Fee: ". . . a monetary exaction other than a tax or special assessment, whether established for a broad class of projects by legislation of general applicability or imposed on a specific project on an ad hoc basis, that is charged by a local agency to. the applicant in connection with approval of a development project for the purpose of defraying all or a portion of the cost of public facilities related to the development project." Public Facilities: ". . . includes public improvements, public services and community amenities." Also, the Code requires the following information be reported for each fund holding such fees: (1) A brief description of the type of fee in the account or fund; (2) The amount of the fee; (3) The beginning balance and ending balance of the account or fund; (4) The amount of the fees collected and the interest earned; (5) An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees; (6) An identification of an approximate date by which the construction of the public improvement will commence of the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement and the public improvement remains incomplete; (7) A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and in case of an interfund loan, the date on which the loan will be repaid, and the rate of interest that the account or fund will receive on the loan; and, (8) The amount of refunds made pursuant to subdivision (e) of Section 66001 of the Code and any allocations pursuant to subdivision (f) of Section 66001 of the Code. The following pages provide the information required by the Code for each fund which holds developer fees which defray all or a portion of the cost of public facilities related to development projects. Additional information as required by Section 66000 (d) is also contained in the report. Fund 2001 —Traffic Systems Management Fund Item Description Response (1) A brief description of the type of fee in the Fees based on the air quality impacts of development with account or fund the purpose of mitigating these impacts by funding programs or projects that reduce emissions. (2) The amount of the fee The fee is calculated based on the Ventura County Ai Pollution Control District's guidelines. (3) The beginning and ending balance of the Beginning Balance (07/01/06) $ 5,068,996 account or fund Ending Balance(06/30/07) $ 5,576,386 (4) The amount of the fees collected and the Amount of Fees Collected $ 379,065 interest earned Interest Earned $ 273,463 Total Revenues $ 652,529 (5) An identification of each public improvement Com. Dev.Admin. Salaries $ 18,626 on which fees were expended and the amount of the expenditures on each improvement in Signal Interconnect(8004) $ 34,745 FY 06/07, including the total percentage of the Total Cost of Project $ 124,745 cost of the public improvement that was %of project funded by fees: 28% funded with fees Tierra Rejada Rd Traffic Signal (8036) $ 91,138 Total Cost of Project $ 419,754 %of project funded by fees: 22% Spring Road Bus Turn-out(8069) $ 630 Total Cost of Project $ 630 %of project funded by fees: 100% Total Expenses $ 145,139 (6) An identification of an approximate date by For FY 07/08, $582K of fund has been budgeted for Signal which the construction of the public Interconnect(8004)-$48K, Trail Study(8035)-$50K, Tierra improvement will commence if the local Rejada Signal Interconnect (8036) -$205K, purchase of agency determines that sufficient funds have new public transit vehicle -$250K and 25% of one (1 been collected to complete public Senior Management Analyst salaries/benefits to administer improvement and the public improvement projects. remains incomplete (7) A description of each interfund transfer or loan made from the account or fund, including Interfund Transfers: the public improvement on which the transferred or loaned fees will be expended, and in the case of an interfund loan, the date on which the loan will be repaid, and the rate Interfund Loans: $ of interest that the account or fund will receive on the loan (8) The amount of refunds made pursuant to Refunds Made: $ - subdivision (e)of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) Allocations Made: $ of Section 66001 (of the Code) Additional Comments: For information about pending and planned capital projects see the City's annual capital improvement budget. For additional information about future development fee revenues, see the "Residential, Commercial and industrial Quarterly Status Report" prepared by the Community Development Department. Fund 2002 —Citywide Traffic Mitigation Fund Item Description I Response (1) A brief description of the type of fee in the Fees to fund mitigation measures for increased traffic flow account or fund generated by developments within the City. (2) The amount of the fee Negotiated with developers based upon the estimated impac of development on traffic flow within the City. (3) The beginning and ending balance of the Beginning Balance (07/01/06) $ 9,320,012 account or fund Ending Balance (06/30/07) $ 11,168,415 (4) The amount of the fees collected and the Amount of Fees Collected $ 1,469,959 interest earned Interest Earned $ 518,303 Total Revenues $ 1,988,262 (5) An identification of each public improvement on Moorpark Ave/Widen Casey to 3rd (8040) $ 34,813 which fees were expended and the amount of Total Cost of Project $ 92,126 the expenditures on each improvement in FY % of project funded by fees: 38% 06/07, including the total percentage of the cost of the public improvement that was funded with fees Route 23 North Alignment(8045) $ 36,037 Total Cost of Project $ 36,037 % of project funded by fees: 100% North Hills Parkway (8061) $ 69,010 Total Cost of Project $ 69,010 % of project funded by fees: 100% Total Expenses $ 139,860 (6) An identification of an approximate date by For FY 07/08, total of $1.5M has been budgeted for the which the construction of the public following projects: Overlay Projects (8011) -$600K, Moorpark improvement will commence if the local agency Ave. Widening/Casey to 3rd (8040) -$666K, Route 23 North determines that sufficient funds have been Alignment (8045) -$78K and North Hills Parkway (8061) collected to complete public improvement and $143K. These are significant projects that are expected to the public improvement remains incomplete require all the available funds in this account to complete. (7) A description of each interfund transfer or loan made from the account or fund, including the Interfund Transfers: public improvement on which the transferred or Transfer to Community loaned fees will be expended, and in the case of Development an interfund loan, the date on which the loan will Interfund Loans: $ be repaid, and the rate of interest that the account or fund will receive on the loan (8) The amount of refunds made pursuant to Refunds Made: $ - subdivision (e) of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) Allocations Made: $ of Section 66001 (of the Code) Additional Comments: For information about pending and planned capital projects, see the City's annual capital improvement budget. For additional information about future development fee revenues see the "Residential, Commercial and industrial Quarter/ Status Report" prepared by the Community Developmen Department. Fund 2003 —Crossing Guard Fund Item Description I Response (1) A brief description of the type of fee in the Fees for the provision of increased crossing guards a account or fund specific locations as a result of additional residentia development. (2) The amount of the fee Negotiated with developers in areas wher development would impact pedestrian routes to and from schools within the City. (3) The beginning and ending balance of the Beginning Balance (07/01/06) $ 300,778 account or fund Ending Balance (06/30/07) $ 309,381 (4) The amount of the fees collected and the Amount of Fees Collected $ - interest earned Interest Earned $ 15,627 Total Revenues $ 15,627 (5) An identification of each public improvement on Crossing Guard Expenses $ 7,024 which fees were expended and the amount of Total Cost of Project(s) $ 61,443 the expenditures on each improvement in FY % of project funded by fees: 11% 06/07, including the total percentage of the cost of the public improvement that was funded with fees Total Expenses $ 7,024 (6) An identification of an approximate date by The fees collected in this account are used to partial) which the construction of the public fund the annual costs of providing crossing guar improvement will commence if the local agency services at specified locations. Fees are collecte determines that sufficient funds have been from developers to offset the cost for five years only a collected to complete public improvement and impacted intersections. Approximately $10K has been the public improvement remains incomplete budgeted for FY 07/08 to provide for crossing guar services. (7) A description of each interfund transfer or loan Interfund Transfers: $ - made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and in the case of Interfund Loans: $ an interfund loan, the date on which the loan will be repaid, and the rate of interest that the account or fund will receive on the loan (8) The amount of refunds made pursuant to Refunds Made: $ - subdivision (e) of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) Allocations Made: $ of Section 66001 (of the Code) Additional Comments: None 11 ll0 k�Q Fund 210X— Park Improvement Fund Item Description I Response (1) A brief description of the type of fee in the Quimby fees (Developer payments in lieu of dedicatin account or fund park land), fees on commercial, industrial, and multi family developments, donations to the City,.or revenu received from lease or sale of park land to be used fo the construction of park facilities as a result o increased demand for parks resulting from new development. Includes funds for municipal pool and bike path. (2) The amount of the fee A formula based on a dwelling unit factor (current) 3.22 for single family units), the parkland dedication requirement (currently 5 acres/1,000 persons) and th fair market value per acre (varies per development). (3) The beginning and ending balance of the Beginning Balance (07/01/06) $ 3,341,751 account or fund Ending Balance (06/30/07) $ 3,264,799 (4) The amount of the fees collected and the Other Development Fees $ - interest earned Amount of Fees Collected $ - Fees in Lieu of Park Land $ 315,682 Interest Earned $ 177,313 Rents/Concessions $ 15,178 Sale Plans/Specifications $ - Other Revenue $ 309 Total Revenues $ 508,482 (5) An identification of each public improvement on Park Master Plan (7026) $ 28,772 which fees were expended and the amount of Total Cost of Project $ 28,772 the expenditures on each improvement in FY % of project funded by fees: 100% 06/07, including the total percentage of the cost Poindexter Park (7801) $ 18,783 of the public improvement that was funded with Total Cost of Project $ 69,306 fees % of project funded by fees: 27% Arroyo Vista (7803) $ 308,935 Total Cost of Project $ 502,702 % of project funded by fees: 61% Tierra Rejada Park (7811) $ 180,616 Total Cost of Project $ 252,528 % of project funded by fees: 72% Glenwood Park (7813) $ 48,329 Total Cost of Project $ 79,740 % of project funded by fees: 61% Total Expenses $ 585,434 (6) An identification of an approximate date by $2.9M park improvement projects are planned for F which the construction of the public 07/08. The major projects include improvements to A improvement will commence if the local agency Sports Field, Arroyo Vista Community Park and Pump determines that sufficient funds have been House, Tierra Rejada Park, Poindexter Park, Glenwood collected to complete public improvement and Park, Campus Canyon Park, Mountain Meadows Park, the public improvement remains incomplete College View Park, Monte Vista Park and Country Trail Park and a Park Master Plan. Fund 21 OX— Park Improvement Fund Item Description I Response (7) A description of each interfund transfer or loan Interfund Transfers: made from the account or fund, including the Transfer from City Wide to public improvement on which the transferred or Community Pool Fund loaned fees will be expended, and in the case Interfund Loans: $ of an interfund loan, the date on which the loan Loan from General Fund: will be repaid, and the rate of interest that the Park Improvement Projects account or fund will receive on the loan Date of Repayment: Interest Rate of Loan: Amount of Loan: (8) The amount of refunds made pursuant to Refunds Made: $ - subdivision (e) of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) Allocations Made: $ of Section 66001 (of the Code) Additional Comments: For information about pending and planned capital projects, see the City's annual capital improvement budget. For additional information about future development fee revenues, see the "Residential, Commercial and industrial Quarterly Status Report' prepared by the Community Development Department. Fund 2150 -Tree & Landscaping Fund Item Description I Response (1) A brief description of the type of fee in the Fees to provide landscaping and trees in public area account or fund resulting from the increase in demand from additional development. (2) The amount of the fee $0.05/commercial and industrial square foot (3) The beginning and ending balance of the Beginning Balance (07/01/06) $ 113,604 account or fund Ending Balance (06/30/07) $ 104,821 (4) The amount of the fees collected and the Amount of Fees Collected $ 3,239 interest earned Interest Earned $ 5,998 Total Revenues $ 9,237 (5) An identification of each public improvement on LA/TR Parkway Landscaping (8033) $ 18,019 which fees were expended and the amount of Total Cost of Project $ 560,815 the expenditures on each improvement in FY % of project funded by fees: 3% 06/07, including the total percentage of the cost of the public improvement that was funded with fees Total Expenses $ 18,019 (6) An identification of an approximate date by For FY 07/08, $115K has been budgeted for th which the construction of the public Poindexter Parkway project(8048). improvement will commence if the local agency determines that sufficient funds have been collected to complete public improvement and the public improvement remains incomplete (7) A description of each interfund transfer or loan made from the account or fund, including the Interfund Transfers: $ - public improvement on which the transferred or loaned fees will be expended, and in the case of an interfund loan, the date on which the loan will be repaid, and the rate of interest that the account or fund will receive on the loan Interfund Loans: $ - (8) The amount of refunds made pursuant to Refunds Made: $ - subdivision (e) of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) Allocations Made: $ of Section 66001 (of the Code) Additional Comments: For information about pending and planned capita projects, see the City's annual capital improvement budget. For additional information about future development fee revenues, see the "Residential, Commercial and industrial Quarterly Status Report' prepared by the Community Development Department. Fund 2151 -Art In Public Places Item Description Response (1) A brief description of the type of fee in the Fees to provide art in public areas resulting from account or fund the demand for additional art from new development. (2) The amount of the fee I% of total building valuation (single family, multi- family, mobilehome, commerical, industrial (3) The beginning and ending balance of the Beginning Balance (07/01/06) $ 882,676 account or fund Ending Balance (06/30/07) $ 1,411,071 (4) The amount of the fees collected and the Amount of Fees Collected $ 470,162 interest earned Interest Earned $ 58,233 Total Revenues $ 528,394 (5) An identification of each public improvement on No fees expended during FY 06/07. which fees were expended and the amount of the expenditures on each improvement in FY 06/07, including the total percentage of the cost of the public improvement that was funded with fees (6) An identification of an approximate date by For FY 07/08, $400K has been budgeted for which the construction of the public Spring/Flinn Artwork project(7903). improvement will commence if the local agency determines that sufficient funds have been collected to complete public improvement and the public improvement remains incomplete (7) A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or Interfund Transfers: $ - loaned fees will be expended, and in the case of an interfund loan, the date on which the loan will be repaid, and the rate of interest that the account or fund will receive on the loan Interfund Loans: $ - (8) The amount of refunds made pursuant to Refunds Made: $ - subdivision (e) of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) Allocations Made: $ of Section 66001 (of the Code) Additional Comments: For information about pending and planned capita projects, see the City's annual capital improvemen budget. For additional information about futur development fee revenues, see the "Residential, Commercial and industrial Quarterly Status Report' prepared by the Community Development Department. '0 4".)1 G 4 Fund 2154 - Library Facilities Fund Item Description I Response (1) A brief description of the type of fee in the Fees to provide additional library facilities to account or fund accommodate demand for library services caused by additional development. (2) The amount of the fee $925.68/single family dwelling, $596.91/multi-family dwelling, per unit $612.06/mobilehome, per unit $0.37/commercial and industrial square foot (3) The beginning and ending balance of the Beginning Balance (07/01/06) $ 1,009,924 account or fund Ending Balance (06130/07) $ 921,784 (4) The amount of the fees collected and the Amount of Fees Collected $ 148,110 interest earned Interest Earned $ 50,917 Total Revenues $ 199,028 (5) An identification of each public improvement on Contract Services $ 29,751 which fees were expended and the amount of Operating Supplies $ 100,405 the expenditures on each improvement in FY Furnitures & Fixtures $ 49,052 06/07, including the total percentage of the cost Equipment $ 107,960 of the public improvement that was funded with fees Total Expenses $ 287,168 (6) An identification of an approximate date by For FY 07/08, the City budgeted $82K of these fund which the construction of the public for contract services, library furnitures, compute improvement will commence if the local agency equipment and property maintenance costs. determines that sufficient funds have been collected to complete public improvement and the public improvement remains incomplete (7) A description of each interfund transfer or loan Interfund Transfers: $ - made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended, and in the case of Interfund Loans: $ an interfund loan, the date on which the loan will be repaid, and the rate of interest that the account or fund will receive on the loan (8) The amount of refunds made pursuant to Refunds Made: $ - subdivision (e) of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) Allocations Made: $ of Section 66001 (of the Code) Additional Comments: For information about pending and planned capita projects, see the City's annual capital improvement budget. For additional information about future development fee revenues, see the "Residential, Commercial and industrial Quarterly Status Report' prepared by the Community Development Department. Fund 2501 — Los Angeles Avenue Area of Contribution Fund Item Description I Response (1) A brief description of the type of fee in the Fees for street and related improvements to specific account or fund project areas to fund infrastructure enhancements as result of additional development. (2) The amount of the fee $ 7,807/residential unit $43,717/commercial and industrial acre (3) The beginning and ending balance of the Beginning Balance(07/01/06) $ 11,320,486 account or fund Ending Balance (06/30107) $11,475,511 (4) The amount of the fees collected and the Amount of Fees Collected $ 463,829 interest earned Interest Earned $ 562,923 Revs Not Elsewhere Classified $ 338,000 Sale Plans/Specifications $ 810 Total Revenues $ 1,365,563 (5) An identification of each public improvement on Special Professional Services $ 545 which fees were expended and the amount of the expenditures on each improvement in FY LA Ave Maureen to Beltram (8003) $ 1,578 06/07, including the total percentage of the cost Total Cost of Project $ 19,423 of the public improvement that was funded with % of project funded by fees: 8% fees Princeton Ave Widening (8012) $ 400,809 Total Cost of Project $ 400,809 % of project funded by fees: 100% LA Ave Widening Spr/Mrpk(8013) $ 112,766 Total Cost of Project $ 112,766 % of project funded by fees: 100% Spring Road Widening (8026) $ 73,421 Total Cost of Project $ 73,421 % of project funded by fees: 100% LA/TR Parkway Landscaping (8033) $ 542,796 Total Cost of Project $ 560,815 % of project funded by fees: 97% LA/TR Signal Modification (8046) $ 6 Total Cost of Project $ 6 % of project funded by fees: 100% LA Ave Medians (8047) $ 70,818 Total Cost of Project $ 70,818 % of project funded by fees: 100% Widening @ LA Ave/Shasta (8058) $ 7,800 Total Cost of Project $ 7,800 % of project funded by fees: 100% Total Expenses $ 1,210,538 (6) An identification of an approximate date by Approximately $4.2 million in this fund has been budgeted which the construction of the public for nine (9) various ongoing as well as new projects in F improvement will commence if the local agency 07/08. Many of these projects will require two to three or determines that sufficient funds have been more years for completion. collected to complete public improvement and the public improvement remains incomplete Fund 2501 — Los Angeles Avenue Area of Contribution Fund (continued) (7) A description of each interfund transfer or loan Interfund Transfers $ - made from the account or fund, including the public improvement on which the transferred or Interfund Loans loaned fees will be expended, and in the case of an interfund loan, the date on which the loan will Loan to Tierra Rejada AOC $ 567,356 be repaid, and the rate of interest that the Tierra Rejada Median account or fund will receive on the loan Landscape project(8042) Date of Repayment: Not Specified Interest Rate of Loan: 0.00% Amount of Loan: $567,356 (8) The amount of refunds made pursuant to Refunds Made: $ - subdivision (e) of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) Allocations Made: $ of Section 66001 (of the Code) Additional Comments: For information about pending and planned capital projects, see the City's annual capital improvement budget. For additional information about future development fee revenues, see the "Residential, Commercial and industrial Quarterly Status Report' prepared by the Community Development Department. Fund 2502 —Tierra Rejada Road/Spring Road Area of Contribution Fund Item Description I Response (1) A brief description of the type of fee in the Fees for street and related improvements to specific account or fund project areas to fund infrastructure enhancements as result of additional development. (2) The amount of the fee $ 7,240.11/residential unit $40,544.64/commercial and industrial acre (3) The beginning and ending balance of the Beginning Balance (07/01/06) $ (673,318) account or fund Ending Balance (06/30/07) $ (567,443) (4) The amount of the fees collected and the interest Amount of Fees Collected $ 102,983 earned Interest Earned $ 19,954 Revs Not Elsewhere Classified $ - Sale Plans/Specifications $ 60 Total Revenues $ 122,997 (5) An identification of each public improvement on Special Professional Services $ 687 which fees were expended and the amount of the expenditures on each improvement in FY TR Signal Interconnect(8036) $ 5,978 06/07, including the total percentage of the cost Total Cost of Project $ 419,755 of the public improvement that was funded with % of project funded by fees: 1% fees TR Median/Spring to FWY(8042) $ 10,458 Total Cost of Project $ 10,458 % of project funded by fees: 100% Total Expenses $ 17,123 (6) An identification of an approximate date by which For FY 07/08, an additional $44K has been budgeted for the construction of the public improvement will Tierra Rejada Traffic Signal Interconnect project (8036) commence if the local agency determines that and $45K for Tierra Rejada Median (8042). Additional sufficient funds have been collected to complete loans from the LA AOC Fund may be required depending public improvement .and the public improvement on when these projects are completed. remains incomplete (7) A description of each interfund transfer or loan Interfund Transfers $ - made from the account or fund, including the public improvement on which the transferred or Interfund Loans loaned fees will be expended, and in the case of an interfund loan, the date on which the loan will Loan from Los Angeles Ave AOC $ 567,356 be repaid, and the rate of interest that the Tierra Rejada Median account or fund will receive on the loan Landscape project (8042) Date of Repayment: Not Specified Interest Rate of Loan: 0.00% Amount of Loan: $567,356 Fund 2502—Tierra Rejada Road /Spring Road Area of Contribution Fund (continued) (8) The amount of refunds made pursuant to Refunds Made $ subdivision (e) of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) of Allocations Made $ - Section 66001 (of the Code) Additional Comments For information about pending and planned capital projects, see the City's annual capital improvement budget. For additional information about future development fee revenues, see the "Residential, Commercial and industrial Quarterly Status Report" prepared by the Community Development Department. G04.) J� Fund 2503—Casey Road/Gabbert Road Area of Contribution Fund Item Description F Response (1) A brief description of the type of fee in the Fees for street and related improvements to specific account or fund project areas to fund infrastructure enhancements as result of additional development. (2) The amount of the fee $2,030/residential unit $6,428/commercial and industrial acre (3) The beginning and ending balance of the Beginning Balance (07/01/06) $ 65,691 account or fund Ending Balance(06/30107) $ 71,292 (4) The amount of the fees collected and the Amount of Fees Collected $ 2,030 interest earned Interest Earned $ 3,571 Expense Reimbursements $ - Other Admin Service Fees $ - Total Revenues $ 5,601 (5) An identification of each public improvement on No fees expended during FY 06/07 which fees were expended and the amount of the expenditures on each improvement in FY 06/07, including the total percentage of the cost of the public improvement that was funded with fees (6) An identification of an approximate date by The funds accumulated in this account are anticipate which the construction of the public to be spent within the next five fiscal years on improvement will commence if the local agency appropriate street improvement programs. determines that sufficient funds have been collected to complete public improvement and the public improvement remains incomplete (7) A description of each interfund transfer or loan made from the account or fund, including the Interfund Transfers: $ - public improvement on which the transferred or loaned fees will be expended, and in the case Interfund Loans: $ of an interfund loan, the date on which the loan will be repaid, and the rate of interest that the account or fund will receive on the loan (8) The amount of refunds made pursuant to Refunds Made: $ - subdivision (e) of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) Allocations Made: $ of Section 66001 (of the Code) Additional Comments: For information about pending and planned capital projects, see the City's annual capital improvemen budget. For additional information about future development fee revenues, see the "Residential, Commercial and industrial Quarterly Status Report' prepared by the Community Development Department. Fund 2504—Fremont Storm Drain AOC Item Descri tion I Response (1) A brief description of the type of fee in the Fees for Freemont Storm Drain and relate account or fund improvements as a result of additional development. (2) The amount of the fee Negotiated with developers based upon the estimated impact of development on the Freemont Storm drain. (3) The beginning and ending balance of the Beginning Balance (07/01/06) $ 13,129 account or fund Ending Balance(06/30107) $ 13,820 (4) The amount of the fees collected and the Amount of Fees Collected $ - interest earned Interest Earned $ 691 Total Revenues $ 691 (5) An identification of each public improvement on No fees expended during FY 06/07. which fees were expended and the amount of the expenditures on each improvement in FY 06/07, including the total percentage of the cost of the public improvement that was funded with fees (6) An identification of an approximate date by The funds accumulated in this account are anticipate which the construction of the public to be spent within the next five fiscal years on improvement will commence if the local agency appropriate storm drain improvements. determines that sufficient funds have been collected to complete public improvement and the public improvement remains incomplet (7) A description of each interfund transfer or loan made from the account or fund, including the Interfund Transfers: $ - public improvement on which the transferred or loaned fees will be expended, and in the case Interfund Loans: $ of an interfund loan, the date on which the loan will be repaid, and (8) The amount of refunds made pursuant to Refunds Made: $ - subdivision (e) of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) Allocations Made: $ of Section 66001 (of the Code) Additional Comments: For information about pending and planned capita projects, see the City's annual capital improvemen budget. For additional information about future development fee revenues, see the "Residential, Commercial and industrial Quarterly Status Report' prepared by the Community Development Department. Fund 4002 — Police Facilities Fund Item Description I Response (1) A brief description of the type of fee in the account or Fees are collected by Building and Safety prior to issuance o fund building permits for construction of police facilities within the City to fund the increased demand for police services as result of additional development. (2) The amount of the fee $1,027/single family dwelling $1,027/multi-family dwelling, per unit $1,027/mobilehome, per unit $0.60/commercial and industrial square foot (3) The beginning and ending balance of the account or Beginning Balance(07/01/06) $ (7,716,452) fund Ending Balance(06/30/07) $ (2,205,777) (4) The amount of the fees collected and the interest Amount of Fees Collected $ 192,729 earned Interest Earned $ 1 Interfund Transfer $ 5,434,834 Total Revenues $ 5,627,564 (5) An identification of each public improvement on Police Services Facility(2005) $ 116,889 which fees were expended and the amount of the expenditures on each improvement in FY 06/07, Total Cost of Project $ 116,889 including the total percentage of the cost of the %of project funded by fees: 100% public improvement that was funded with fees Total Expenses $ 116,889 (6) An identification of an approximate date by which the For FY 07/08 the City budgeted $113K for the Police Service construction of the public improvement will Facility architecture design. commence if the local agency determines that sufficient funds have been collected to complete public improvement and the public improvement remains incomplete (7) A description of each interfund transfer or loan made Interfund Transfers: $ 5,434,834 from the account or fund, including the public improvement on which the transferred or loaned fees Interfund Loans: $ 2,205,609 will be expended, and in the case of an interfund loan, the date on which the loan will be repaid, and Loan from Endowment fund for the rate of interest that the account or fund will Police Services Facility receive on the loan Date of Repayment: As development fees are collected in future years Interest Rate of Loan: 0.00% (A contribution of$5,434,834 was authorized by the Honorable City Council from the Endowment Fund) (8) The amount of refunds made pursuant to subdivision Refunds Made: $ - (e) of Section 66001 (of the Code) and any allocations pursuant to subdivision (f) of Section Allocations Made: $ - 66001 (of the Code) Additional Comments: For information about pending and planned capital projects, se the City's annual capital improvement budget. For additiona information about future development fee revenues, see th "Residential, Commercial and industrial Quarterly Statu Report"prepared by the Community Development Department.