FEE DESCRIPTION: In lieu fee for providing neighborhood and community park sites and facilities.
Acquisition Development Total
Areas East of I-805 Fee Fee Fee
FEE AMOUNT: $12,676 $9,533 $22,209 per single family dwelling unit $9,408 $7,076 $16,484 per multi-family dwelling unit
$5,932 $4,461 $10,393 per mobile home dwelling unit
Areas West of I-805
FEE AMOUNT: $4,994 $9,533 $14,527 per single family dwelling unit $3,707 $7,076 $10,783 per multi-family dwelling unit
$2,337 $4,461 $6,798 per mobile home dwelling unit
FY 23/24 BALANCE INFORMATION *: FUND 715 FUND 716
PAD FUND WPAD FUND
Beginning Balance, 07/01/23 52,430,647 (6,537,887) Revenues
Park Dedication Fees 1,562,980 135,464
Interest Earned 1,374,243 97,829
Total Revenues 2,937,223 233,293
Expenditures
Interest Expense - (628,344)
Other Expenditures (31,690) (9,867)
Total Expenditures (31,690) (638,211) Ending Balance*, 06/30/2024 55,336,180$ (6,942,805)$ *Unaudited
ATTACHMENT 2
PARKLAND ACQUISITION AND DEVELOPMENT (PAD FEES)
FY 23/24 ACTIVITY
FY 23/24 CIP EXPENDITURES:
CIP #
Total Project
Budget
% Funded by
PAD
Amount Funded by
PAD
23/24 PAD
Expenditures
PAD Expended to-
date
Initially
Scheduled
Start Date Status
PAD EAST
REC0261 Otay Ranch Community Park 1,500,162$ 100.0% 1,500,162$ -$ 162$ 2008 Master Planning delayed TOTAL: -$
FY 23/24 INTERFUND LOAN INFORMATION:
Outstanding
Description of Loan: Loan Amount
Advance from Eastern PAD Fund to Western PAD Fund
affirmed and consolidated via Council Resolution No. 2015-034 on February 17, 2015 $10,861,242 Project Name
ATTACHMENT 2.1
PARKLAND ACQUISITION AND DEVELOPMENT (PAD FEES)
FY 23/24 ACTIVITY