FISCAL YEAR 2023-2024
Amount of Traffic Impact Fee 235
Beginning Fund Balance July 1, 2023 5,840,901
Prior Year's Cannabis Traffic Impact Fees was included in the beginning fund balance (217,892) Adjusted Fund Balance July 1, 2023 5,623,009
1. Revenues
Fiscal Year 23-24 Traffic Impact Fees 39,292
Investment Earnings 138,455
69,611
Misc / Other Reimbursement -
Revenue Subtotal 247,358
Cannabis Traffic Impact Fees Revenue
Prior Year's Cannabis Traffic Impact Fees recorded in Fund 214 217,892 Prior Year's Cannabis Traffic Impact Fees recorded in Fund 240 432,659 FY23-24 Cannabis Traffic Impact Fees 91,309
Investment Earnings for Cannabis Traffic Impact Fees since 2022 18,817 GASB 31 Fair Market Value adjustment for Cannabis TIF Investment since 2022 5,312 Cannabis Traffic Impact Fees Revenue Subtotal 765,989
2. Expenditures 1,490,324
Class II and III Bicycle Projects 861,298
Bicycle/ Pedestrian Infrastructure Improvement 2,459
Fairview Road Improvement Project 3,850
Baker/ Placentia/ 19th/ Victoria TSSP 68,810
West 19th Wallace Ave Traffic Signal 181,157
West 18th & Wilson Crosswalks 372,750
3. Refunds -
Amount of funds expended or
uncommitted after 5 years -
4. Administrative Costs -
5. Fund Balance, including Cannabis TIF fund, as of June 30, 2024 5,146,031
6. Projects Current and Future Appropriations 4,898,160 Bicycle Racks Citywide
Class II and III Bicycle Projects
Adams at Pinecreek Intersection Improvements
Mesa Del Mar Multimodal Access
Baker/ Placentia/ 19th/ Victoria TSSP
Bicycle/ Pedestrian Infrastructure Improvement
Mesa Drive / Santa Ana Ave Bicycle Facility Improvement Mesa Verde Drive East/ Peterson Place Class II Bicycle Facility Fairview Road Improvement Project
Adams Ave Bicycle Facility Project
Projects Current and Future Appropriations for Cannabis Traffic Impact Fees 150,000 Bicycle/ Pedestrian Infrastructure Improvement
CITY OF COSTA MESA
CITYWIDE TRAFFIC IMPACT FEE ACCOUNT
Fund Balance as of June 30, 2024
GASB 31 Fair Market Value adjustment on Investment
ATTACHMENT 6