Agenda Item D.10
CPMS CONSENT CALENDAR
Meeting Date: December 20, 2022
TO: Mayor and Councilmembers
FROM: Charles W. Ebeling, Public Works Director
CONTACT: Gerald Comati, Contract Project Manager
SUBJECT: Annual Financial Report of the City of Goleta’s Development Impact Fees for Fiscal Year 2021-22
RECOMMENDATION:
Adopt Resolution 22- , entitled “A Resolution of the City Council of the City of Goleta, California, Approving the Annual Development Impact Fee Financial Report.”
BACKGROUND:
Development Impact Fees (DIFs) are collected under the authority of the Mitigation Fee Act (also known as Assembly Bill 1600, Government Code Sections 66000, et seq.) in order to offset the demand of new development on public facilities. Local entities that collect DIFs are subject to certain reporting and accounting requirements under the Mitigation Fee Act. The City also collects a fee for park acquisition and development as a condition of approval of certain subdivisions referred to as a Quimby Fee. Quimby Fees are collected under the authority of the Subdivision Map Act (Government Code Sections 66410, et seq.), specifically Government Code Section 66477. While the annual DIF requirement under Government Code 66000 does not require reporting Quimby fees, staff routinely adds the Quimby fees into the annual DIF report for transparency. To comply with reporting requirements of the Mitigation Fee Act, staf f recommends adopting a resolution that approves the Annual Financial Report for Fiscal Year 2021/2022 (Attachment 1).
DISCUSSION:
Mitigation Fee Act
Consistent with the Mitigation Fee Act, Government Code Section 66006(b), the required annual report for the DIFs collected by the City for Fiscal Years 202 1/2022 is submitted herewith (Exhibits 1 and 2 of Attachment 1). The Mitigation Fee Act has the following requirements:
1 Meeting Date: December 20, 2022
For each separate account or fund established pursuant to subdivision (a), the local agency shall, within 180 days after the last day of each fiscal year, make available to the public the following information for the fiscal year:
A. A brief description of the type of fee in the account or fund.
B. The amount of the fee.
C. The beginning and ending balance of the account or fund.
D. The amount of the fees collected, and the interest earned.
E. 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.
F. An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an inc omplete public improvement, as identified in paragraph (2) of subdivision (a) of Section 66001, and the public improvement remains incomplete.
G. A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fee 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.
H. The amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocation pursuant to subdivision (f) of Section 66001.
At the beginning of Fiscal Year 2021/2022, the City’s adopted DIF fee categories included:
Public Administration
Fire
Library
Parks and Recreation
Transportation
Bicycle and Pedestrian
Storm Drain
For each DIF account , Table 1 below shows the beginning fund balances, the total revenue, the total expenditures and the ending fund balances.
Table 1: Summary of DIF Accounts
July 1, 2021 through June 30, 2022
Beginning
Balance
Total
Revenue
Total
Expenditures
Ending Fund
Balance
Public Administration
(including Police) $365,057 $32,224 $259,418 $137,863
Fire $3,363,184 $38,112 $13,645 $3,387,651
2 Meeting Date: December 20, 2022
Library $222,111 $14,458 $15,851 $220,718
Parks and Rec $9,107,023 ($50,901) $619,979 $8,436,143 Transportation $14,149,822 $1,161,797 $1,731,638 $13,579,981 Bicycle and Ped $419,826 $1,850 $200,000 $221,676
Storm Drain $526,825 $5,278 $ - $532,103
Exhibit 1 to Attachment 1 of this report contains a summary of each development impact fee. Exhibit 2 to Attachment 1 contains a Combining Statement of Revenues, Expenditures and Changes in Fund Balances for each DIF fund account for FY 2021-22.
These statements provide the detail on the revenue and expenditure activity of each fee fund over the last fiscal year, essentially showing what funds were received and how they were spent.
No loans, refunds, or allocations pursuant to Government Code section 66006(b) were made from any of the funds during the reporting period. Unexpended fund balances represent fees collected for respective Council-approved projects that will be financed and implemented when feasible or practical. The d eficit fund balance in Public Administration Facility DIF is due to timing of approved projects’ receipt of revenues and will be eliminated by receipt of future revenues. The City plans to use the entire fund balances for the projects as shown in Attachment 1, Exhibit 2, and as programmed in the adopted five-year Capital Improvement Program.
FISCAL IMPACTS:
There is no fiscal impact to the reporting.
Reviewed By: Legal Review By: Approved By:
___________________ ___________________ _________________ Kristine Schmidt Megan Garibaldi Robert Nisbet
Assistant City Manager City Attorney City Manager
ATTACHMENTS:
1. Resolution No. 22- entitled “A Resolution of the City Council of the City of Goleta, California, Approving the Annual Development Impact Fee Financial Report.” 3 ATTACHMENT 1
Resolution No. 22 -___ entitled “A Resolution of the City Council of the City of Goleta, California, Approving the Annual Development Impact Fee Financial Report 4 1
RESOLUTION NO. 22-
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF GOLETA, CALIFORNIA, APPROVING THE
ANNUAL DEVELOPMENT IMPACT FEE FINANCIAL
REPORTS
WHEREAS, the Mitigation Fee Act, Government Code Sections 66000, et seq. (the “Act”), governs the establishment and administration of development impact fees paid by new development projects for public facilities needed to serve new development; and
WHEREAS, the Act, Government Code Section 66006(b), requires that the City prepare annual financial reports of all development impact fees and make the reports available to the public; and
WHEREAS, the City has established the following Development Impact Fees (“DIFs”) and Quimby fees:
(1) Transportation DIF;
(2) Bike and Pedestrian DIF;
(3) Park fee for residential development (subdivision)
(“Quimby fee”);
(4) Park DIF for residential development (no subdivision);
(5) Park DIF for commercial and industrial development;
(6) Library Facility DIF;
(7) Public Administration Facility DIF (including Police);
(8) Fire Facility DIF; and
WHEREAS, the City desires to review the annual reports regarding these DIFs.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF GOLETA AS FOLLOWS:
SECTION 1. RECITALS
The City Council hereby finds and determines that the foregoing recitals, which are incorporated herein by reference, are true and correct. 5 2
SECTION 2. ANNUAL FINANCIAL REPORTS OF DEVELOPMENT IMPACT FEES
The City Council hereby approves the annual financial report of the DIFs and Quimby Fee for Fiscal Year 2021/2022 setting forth the following information:
1. Brief descriptions of each type of DIF and the Quimby Fee in each of the funds are provided in Exhibit 1 , which is att ached and incorporated herein by reference.
2. The beginning and ending balance of each of the funds are provided in Exhibit 2, which is attached and incorporated herein by reference.
3. The amount of DIFs and Quimby Fees collected and interest earned for each fund for the reporting period are provided in Exhibit 2.
4. Each public improvement on which the DIFs and Quimby Fees were expended and the amount of expenditures, including the total percentage of the cost of the public improvement funded with those DIFs and Quimby Fees are provided in Exhibit 2.
5. The approximate dates by which the construction of the incomplete public improvements identified will be completed are provided in Exhibit 2.
6. There have been no interfund transfers or loans made from any of the funds identified in Exhibit 2 during the reporting period.
7. There have been no refunds or allocations of DIFs or Quimby Fees collected and deposited in the funds identified in Exhibit 2 during the reporting period.
SECTION 3. FINDINGS
The City Council hereby finds the following:
1. The Transportation Improvement Program, Park (residential and commercial/industrial development), Public Administration Facility (including Police) , Library Facility, and Fire Facility Development Impact Fees and the Quimby Fee are collected to mitigate impacts of new development as described in Exhibit 1.
2. The reasonable relationship between the development impact fees and the purpose for which these fees are charged as required by applicable law is set forth in Exhibit 2.
3. The sources and amounts of funding anticipated to complete the financing of incomplete public improvements are set forth in Exhibit
2. 4. The approximate dates by which any funding anticipated to complete the financing of incomplete public improvements are set forth in Exhibit 2.
6 3
SECTION 4. CERTIFICATION
The City Clerk shall certify to the passage and adoption of this resolution and enter it into the book of original resolutions.
PASSED, APPROVED AND ADOPTED this 20th day of December, 2022.
PAULA PEROTTE
MAYOR
ATTEST: APPROVED AS TO FORM:
DEBORAH S. LOPEZ MEGAN GARIBALDI
CITY CLERK CITY ATTORNEY
7 4
STATE OF CALIFORNIA )
COUNTY OF SANTA BARBARA ) ss.
CITY OF GOLETA )
I, DEBORAH S. LOPEZ, City Clerk of the City of Goleta, California, DO HEREBY CERTIFY that the foregoing Resolution No. 22- was duly adopted by the City Council of the City of Goleta at a regular meeting held on the 20th day of December, 2022, by the following vote of the Council:
AYES:
NOES:
ABSENT:
(SEAL)
DEBORAH S. LOPEZ
CITY CLERK
8 EXHIBIT 1
Development Impact Fee Fund Descriptions
Transportation Development Impact Fees . Fees collected for the actual and estimated costs to for transportation purposes, including but not limited to, roads, road rights of way, striping, curbs, gutters, sidewalks, bridges, traffic control devices, street lighting, bike lanes built in conjunction with standard roadway design and related planning, engineering, construction and administrative activity.
Park Fund (Residential Development) Fund: Fees collected for the actual or estimated costs of acquiring land for Public Park Facilities for Recreation, open space, riding and hiking trails, ancillary facilities, as well as related planning, engineering, construction and administrative activity and any other capital Park and Recreation Facility projects identified in the five -year Capital Improvement Plan. This fee is collected from residential projects that are not associated with a subdivision.
Park Fund (Commercial/Industrial Development) Fund: Fees collected for commercial and industrial projects for the actual or estimated costs of acquiring land for Public Park Facilities for Recreation, open space, riding and hiking trails, ancillary facilities, as well as related planning, engineering, construction and administrative activity and any other capital Park and Recreation Facility projects identified in the five -year Capital Improvement Plan.
Quimby Fund: Fees collected pursuant to Government Code Section 66477 (Quimby Act) for the acquisition a nd development of parklands.
These fees are collected on non -commercial residential projects that are associated with subdivisions.
Public Administration Facility Fund: Fees collected to finance public improvements and facilities for governmental building s and facilities; community and civic centers; portions of community buildings devoted to Public Administration in Goleta; related planning, engineering, construction and administrative activity; and any other capital Public Administration Facility projects identified in the City’s Five-Year Capital Improvement Plan.
The Public Administration Facility Fund is also used to finance public improvements and facilities for police, jail, juvenile and probation facilities; patrol cars; equipment; related planning, engineering, construction and administrative activity; and any other capital Police Facility projects identified in the City’s Five-Year Capital Improvement Plan.
Library Facility Fund: Fees collected to finance public improvements and facilities for public libraries; related equipment, buildings, and books; related planning, engineering, construction and administrative activity; and any 9 other capital Library Facility projects identified in the City’s Five-Year Capital Improvement Plan.
Fire Facility Fun d: Fees collected to finance public improvements and facilities for fire suppression and protection, emergency medical response and transport, and rescue and hazardous materials response purposes and related planning, engineering, construction and administrative activity.
Storm Drain Fund: Fees collected to finance public improvements and facilities for storm drainage, including but not limited to inlets and outlets, Storm Drainpipes, box culverts, and pump stations and related planning, engineering, construction and administrative activity.
Bicycle/Pedestrian Fund: Fees collected to finance public improvements that facilitate walking and bicycling in the City, including but not limited to sidewalks, multi -use trails, bike lanes, bike paths and related planning, engineering, construction and administrative activity.
10 EXHIBIT 2
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Transportation Development Impact Fee
Annual Update
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total GTIP Share %
GTIP Share
Amount 30-Jun-21 30-Jun-22
Fund balances (deficit), beginning of year, as restated 14,209,259$ 14,149,822$ Revenues:
Interest Income 87,123$ 90,350$
Developer fees 3,255,958$ 1,232,026$
Other (62,253)$ (160,579)$
Prior Year Adjustment -$ -$
Total revenues 3,280,828$ 1,161,797$
Expenditures:
Overpass Road Extension 1,200,000$ 31.0% 372,446$ -$ -$ Community Services: Cost Allocation Study 161,477$ 215.0% 347,155$ 3,886$ 4,860$ Capital Improvement Projects: -$
9001 - Hollister Complete Streets Corridor FY 2018-19 2,441,875 $ 22.0% 536,375$ 1,978$ 27,645$ 9002 - Ekwill Fowler FY 2020-21 20,524,828$ 8.6% 1,760,000$ 1,842,157$ 1,077,252$ 9005 - Los Carneros Bridge FY 2016-17 10,564,956$ 4.8% 512,029$ -$ -$ 9006 - SJC Bike Path - South FY 2019-20 2,204,781$ 79.8% 1,760,000$ 459,801$ 467,518$ 9007 - SJC Bike Path - Middle FY 2017-18 4,519,889$ 18.3% 825,000$ 225,763$ 17,320$ 9027 - 101 Overcrossing (Ellwood) FY 2025-26 8,825,241$ 77.3% 6,825,241$ 4,510$ 4,826$ 9029 - Cathedral Oaks Inter Landscaping FY 2016-17 517,852$ 15.3% 79,138$ -$ -$ 9031 - Old Town Sidewalk Impvmt FY 2019-20 3,859,173$ 15.0% 579,444$ 419,357$ 3,100$ 9033 - Hollister Bridge Repl - SJC PH2 FY 2020-21 22,760,685$ 5.0% 1,146,451$ 379,442$ 126,623$ 9039 - Hollister Class 1 Bikelane FY 2017-18 3,464,476$ 11.7% 407,000$ -$ -$
9040 - Los Carneros Widening FY 2012-13 1,972,195$ 100.0% 1,972,195$ -$ -$ 9041 - Calle Koral @ Los Carneros Imp FY 2012-13 274,287$ 100.0% 274,287$ -$ -$ 9042 - Storke Rd Widening Phelps to City Limits FY 2019-20 1,618,151$ 2.8% 44,509$ -$ -$ 9043 - Storke Widening NB Hollister to 101 FY 2015-16 20,000$ 24.4% 4,884$ -$ -$ 9044 - Hollister Widiening Phase 1 FY 2016-17 2,154,552$ 18.9% 408,002$ -$ 171$ 9045 - Los Carneros @ SB101 on ramp FY 2021-22 1,867,999$ 10.2% 190,170$ -$ -$ 9049 - Maria Ygnacio Bike Path Light FY 2016-17 125,900$ 39.6% 49,900$ -$ -$ 9060 - Fairview Sidewalk Infill @ Stow Cyn Rd FY 2018-19 183,516$ 28.6% 52,516$ -$ -$ 9061 - Cathedral Oaks Class 1 Bike Path FY 2020-21 6,020,389$ 23.0% 1,383,318$ -$ -$ 9062 - Storke Road Medians FY 2020-21 442,675$ 7.7% 34,159$ 2,822$ 2,322$ 9070 - Fairview Ave @ Calle Real/101 Sidewalk Inf FY 2017-18 95,500$ 29.8% 28,500$ -$ -$ 9072 - La Patera Over/Undercrossing FY 2019-20 3,009,602$ 100.0% 3,009,602$ -$ -$ 9073 - La Patera Sidewalk Infll/Class2 Bikepath FY 2019-20 2,725,000$ 31.2% 849,000$ -$ -$ 9079 - Amtrak Depot FY 2017-18 11,261,100$ 0.4% 50,000$ 550$ -$ Total expenditures 123,516,476$ 24,923,149$ 3,340,265$ 1,731,637$ Excess (deficiency) of revenues over (under) expenditures (59,437)$ (569,840)$ Other financing sources (uses):
Transfers in/out -$ -$
Total other financing sources (uses): -$ -$ Net changes in fund balances: (59,437)$ (569,840)$ Fund balances (deficit), end of year 14,149,822$ 13,579,981$ Source: City Budget Plan and CAFR
Year Ended
11 EXHIBIT 2
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Park Development Impact Fees
Annual Update
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total Park Share %
Park Share
Amount Quimby
PARK DIF
(RES.)
PARK DIF
(C & I) Quimby
PARK DIF
(RES.)
PARK DIF
(C & I)
Fund balances (deficit), beginning of year, as restated 3,203,594 $ 3,264,879 $ 1,013,318 $ 3,148,251 $ 4,945,454 $ 1,013,318 $ Revenues:
Developer fees -$ 1,657,152$ -$ - $ - $ -$ Interest Income -$ 23,422$ -$ -$ (50,900)$ -$ Total revenues -$ 1,680,574$ -$ -$ (50,900)$ -$ Expenditures:
Support to Other Agencies FY 2014-15 250,000$ 100.0% 250,000$ - $ -$ -$ - $ - $ -$ Capital Improvement Projects:
9024 - Ellwood Mesa FY 2014-15 118,165$ 4.7% 5,500$ 88$ -$ -$ - $ - $ -$ 9035 - Jonny D Wallis Park FY 2017-18 7,214,403$ 87.5% 6,314,403$ -$ -$ -$ - $ - $ -$ 9063 - Evergreen Park Restroom FY 2019-20 150,000$ 100.0% 150,000$ - $ -$ -$ - $ - $ -$ 9065 - Reclaimed Water Service Bella Vista FY 2019-20 218,000$ 38.5% 84,000$ - $ -$ -$ - $ - $ -$ 9066 - Miscellaneous Park Improvements FY 2016-17 500,000 $ 32.0% 160,000$ 2,964$ -$ -$ -$ 309,259$ -$ 9068 - Parks Master Plan FY 2018-19 100,000$ 100.0% 100,000$ - $ -$ -$ - $ - $ -$ 9071 - Impmts @ Athelic Field @ GCC FY 2019-20 470,841 $ 70.5% 331,875$ - $ -$ -$ -$ (5,363)$ -$ 9074 - Stow Grove Multi-Purpose Field FY 2018-19 430,000 $ 100.0% 430,000$ - $ -$ -$ - $ 62,175$ -$ 9075 - Evergreen Park Multi-Purpose Field FY 2018-19 635,000 $ 100.0% 635,000$ - $ -$ -$ - $ - $ -$ 9076 - Public Swimming Pool FY 2019-20 1,815,304$ 100.0% 1,815,304$ -$ -$ -$ - $ - $ -$ 9077 - Recreation Center/Gymnasium FY 2019-20 3,080,000 $ 100.0% 3,080,000$ -$ -$ -$ - $ - $ -$ 9078 - Rancho La Patera Improvements FY 2016-17 945,000 $ 33.3% 315,000$ - $ -$ -$ - $ - $ -$ 9084 - Community Garden FY 2018-19 200,000$ 100.0% 200,000$ 38,576$ -$ -$ - $ 9,160$ -$ 9108 - Winchester Park FY 2019-20 165,000$ 100.0% 165,000$ 50$ -$ -$ -$ 227,259$ -$ 9111 - Jonny D Wallis Park FY 2019-20 69,160$ 100.0% 69,160$ 13,665$ -$ -$ - $ 17,489$ -$ Total expenditures 16,753,693$ 14,373,819$ 55,343$ -$ -$ -$ 619,979$ -$ Excess (deficiency) of revenues over (under) expenditures (55,343)$ 1,680,574$ -$ -$ (670,879)$ -$ Other financing sources (uses):
Transfers in -$ -$ -$ - $ - $ -$ Total other financing sources (uses): -$ -$ -$ - $ - $ -$ Net changes in fund balances: (55,343)$ 1,680,574$ -$ -$ (670,879)$ -$ Fund balances (deficit), end of year 3,148,251$ 4,945,454$ 1,013,318$ 3,148,251$ 4,274,575$ 1,013,318$ Source: City Budget Plan and CAFR
FY Ended 6/30/2022FY Ended 6/30/2021
12 EXHIBIT 2
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Public Administration Facilities Development Impact Fees Annual Update
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
Pub. Adm.
Fac. Share
%
Pub. Adm.
Fac. Share
Amount 30-Jun-21 30-Jun-22
Fund balances (deficit), beginning of year, as restated 255,468$ (215,071) $
Revenues:
Interest Income 807$ 2,311$
Developer fees 469,732$ -$
Total revenues 470,539$ 2,311$
Expenditures:
Capital Improvement Projects:
6100 - Civic Center Study FY 2014-15 47,733$ 100% 47,733$ - $ - $ 8100 - Professional Services FY2017-18 -$ 0% -$ -$ - $ 9025 - Fire Station #10 FY2017-18 7,661,091$ 1.2% 92,637$ - $ - $ 9079 - Amtrak Depot FY2017-18 11,261,100$ 28.2% 3,176,195$ -$ 259,418$ 9096 - Orange Avenue Parking Lot FY2017-18 385,000$ 96.7% 372,312$ -$ - $ Total expenditures 21,574,153$ 4,096,342$ -$ 259,418$ Excess (deficiency) of revenues over (under) expenditures 470,539$ (257,107)$ Other financing sources (uses):
Transfers in -$ - $
Total other financing sources (uses): -$ - $ Net changes in fund balances: 470,539$ (257,107)$
Fund balances (deficit), end of year 255,468$ $ (1,639) Source: City Budget Plan and CAFR
Year Ended
13 EXHIBIT 2
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Library Facilities Development Impact Fees
Annual Update
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
Library
Share %
Library Share
Amount 30-Jun-21 30-Jun-22
Fund balances (deficit), beginning of year, as restated 132,997 $ 222,111 $ Revenues:
Interest Income 725$ (1,411)$
Developer fees 153,692$ 15,869 $
Total revenues 154,417$ 14,458 $
Expenditures:
1700 - Goleta Library n/a 239,352 $ 100% 239,352 $ 65,302 $ 15,851 $ Total expenditures 239,352 $ 239,352 $ 65,302 $ 15,851 $ Excess (deficiency) of revenues over (under) expenditures 89,114 $ (1,393) $ Other financing sources (uses):
Transfers in -$ - $
Total other financing sources (uses): -$ - $
Net changes in fund balances: 89,114$ (1,393) $
Fund balances (deficit), end of year 222,111$ 220,718 $ Source: City Budget Plan and CAFR
Year Ended
14 EXHIBIT 2
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Police Facilities Development Impact Fees
Annual Update
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
Police
Share %
Police Fac.
Share Amount 30-Jun-21 30-Jun-22
Fund balances (deficit), beginning of year, as restated 175,819 $ 109,589 $ Revenues:
Interest Income (372)$ (909) $
Developer fees 34,708$ 30,822 $
Total revenues 34,336$ 29,913 $
Expenditures:
7100 - Vehicle and Computers n/a - $ 0% - $ - $ - $ 8100 - Professional Services n/a - $ 0% - $ - $ - $ 9101 - City Hall Purchase & Improvements 100,567$ - $ Total expenditures - $ - $ 100,567$ - $ Excess (deficiency) of revenues over (under) expenditures (66,231) $ 29,913 $ Other financing sources (uses):
Transfers in -$ - $
Total other financing sources (uses): -$ - $ Net changes in fund balances: (66,231)$ 29,913 $ Fund balances (deficit), end of year 109,589$ 139,502 $ Source: City Budget Plan and CAFR
Year Ended
15 EXHIBIT 2
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Fire Development Impact Fees
Annual Update
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
Fire
Share %
Fire
Share Amount 30-Jun-21 30-Jun-22
Fund balances (deficit), beginning of year, as restated 3,121,162 $ 3,363,184 $ Revenues:
Interest Income 8,372$ (20,509)$
Fire Developer fees 250,831$ 58,621 $
Total revenues 259,203$ 38,112 $
Expenditures:
Capital Improvement Projects:
8100 - Professional Services -$ - $
9025 - Fire Station #10 FY2017-18 7,661,091 $ 41% 3,127,454 $ 17,180 $ 13,645 $ 9078 - Rancho La Patera Improvements FY2017-18 945,000 $ 23% 220,000 $ - $ - $ Total expenditures 8,606,091 $ 3,347,454 $ 17,180 $ 13,645 $ Excess (deficiency) of revenues over (under) expenditures 242,023 $ 24,467 $ Other financing sources (uses):
Transfers in -$ - $
Total other financing sources (uses): -$ - $ Net changes in fund balances: 242,023$ 24,467 $ Fund balances (deficit), end of year 3,363,184$ 3,387,651$ Source: City Budget Plan and CAFR
Year Ending
16 EXHIBIT 2
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Storm Drain Development Impact Fees
Annual Update
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
Storm Drain
Share %
Storm Drain
Share Amount 30-Jun-21 30-Jun-22
Fund balances (deficit), beginning of year, as restated 3,698 $ 526,825$ Revenues:
Interest Income 1,775$ (148) $
Storm & Drain DIF 521,352$ 5,426 $
Total revenues 523,127$ 5,278 $
Expenditures:
Capital Improvement Projects:
Total expenditures - $ - $ -$ -$ Excess (deficiency) of revenues over (under) expenditures 523,127$ 5,278$ Other financing sources (uses):
Transfers in -$ -$
Total other financing sources (uses): -$ -$ Net changes in fund balances: 523,127$ 5,278$
Fund balances (deficit), end of year 526,825$ 532,103$ Source: City Budget Plan and CAFR
Year Ending
17 EXHIBIT 2
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Bicycle & Pedestrian Development Impact Fees
Annual Update
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
Bicycle & Ped
Share %
Bicycle & Ped
Share Amount 30-Jun-21 30-Jun-22
Fund balances (deficit), beginning of year, as restated 3,223 $ 419,826$ Revenues:
Interest Income 1,404$ 1,850 $
Bycycle & Pedestrian DIF 415,199$ - $
Total revenues 416,603$ 1,850 $
Expenditures:
Capital Improvement Projects:
9079 - Amtrak Depot 200,000$
Total expenditures - $ - $ - $ 200,000$ Excess (deficiency) of revenues over (under) expenditures 416,603 $ (198,150)$ Other financing sources (uses):
Transfers in -$ - $
Total other financing sources (uses): -$ - $ Net changes in fund balances: 416,603$ (198,150)$ Fund balances (deficit), end of year 419,826$ 221,676 $ Source: City Budget Plan and CAFR
Year Ending
18