Agenda Item A.5
CONSENT CALENDAR
Meeting Date: December 19, 2023
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 2022-23
RECOMMENDATION:
Adopt Resolution 23- , 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 (AB) 1600,” Government Code Sections 66000, et seq.) to offset the demand for 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 the reporting of Quimby fees, staff routinely adds the Quimby fees into the annual DIF report for transparency. To comply with the reporting requirements of the Mitigation Fee Act, staff recommend s adopting a resolution that approves the Annual Financial Report for Fiscal Year 2022-23 (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 Year 202 2-23 is submitted herewith (Exhibits 1 and 2 of Attachment 1). The Mitigation Fee Act has the following requirements:
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.
1 Meeting Date: December 19, 2023
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 incomplet e 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 whi ch 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 2022-23, the City’s adopted DIF fee categories included:
Public Administration (including Police)
Fire
Library
Parks and Recreation
Transportation
Bicycle and Pedestrian
Storm Drain
Non-Residential Affordable Housing
For detailed description of each category see Exhibit 1 of Attachment 1. Table 1 below shows the beginning fund balances, the total revenue, the total expenditures and the ending fund balances for each DIF account.
Table 1: DIF Account Summary
July 1, 2022, through June 30, 2023
Beginning
Balance
Total
Revenue
Total
Expenditures
Ending Fund
Balance
Public Administration
(includes Police) $137,863 $2,148 $0 $140,011
Fire $3,387,651 $71,759 $7,229 $3,452,181
Library $220,719 $5,015 $57,854 $167,880
Parks and Recreation $8,436,144 $180,515 $389,563 $8,227,095 Transportation $13,579,984 $275,517 $3,108,905 $10,746,296 Bike and Ped $221,676 $2,731 $0 $224,407
Storm Drain $532,103 $10,574 $26,413 $516,264
Non-Residential
Affordable Housing $0 $6,359 $0 $6,359
2 Meeting Date: December 19, 2023
Exhibit 1 to Attachment 1 of this report contains a summary of each development impact fee. Exhibit 2 to Attachment 1 contains a Statement of Revenues, Expenditures and Changes in Fund Balances for each DIF fund account for FY 2022-23. These statements provide the details 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 which will be financed and implemented when financially feasible or practical. The deficit fund balance in Public Administration Facility DIF is due to the timing of approved projects’ receipt of revenues and will be eliminated by the 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. 23- 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. 2 3-___ entitled “A Resolution of the City Council of the City of Goleta, California, Approving the Annual Development Impact Fee Financial Report 4 RESOLUTION NO. 23- ___
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GOLETA, CALIFORNIA, APPROVING THE ANNUAL
DEVELOPMENT IMPACT FEE FINANCIAL REPORT
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;
(9) Non-Residential Affordable Housing DIF;
(10) Storm Drain 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:
5 SECTION 1. RECITALS
The City Council hereby finds and determines that the foregoing recitals, which are incorporated herein by reference, are true and correct.
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 2022/2023 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 attached 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 am ount 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 wi ll 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 Pro gram, Bike and Pedestrian, Storm Drain, Park (residential and commercial/industrial development), Public Administration Facility (including Police) , Library Facility, Fire Facility, and Non-Residential Affordable Housing Development Impact Fees and the Qui mby 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 6 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.
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 19
th day of December, 2023.
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. 23- was duly adopted by the City Council of the City of Goleta at a regular meeting held on the 19 th
day of December, 2023, 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 for transportation purposes, including but not limited to, roads, road rights of way, striping, curbs, gutters, sidewalks, bridges, traffic control devices, street lighting, bicycle 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 and 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 buildings 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 improve ments and facilities for public libraries; related equipment, buildings, and books; related planning, engineering, construction and administrative activity; and any other capital Library Facility projects identified in the City’s Five-Year Capital Improvement Plan.
9 Fire Facility Fund: 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 Impact Fees. 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, and administrative activity.
Bicycle and Pedestrian Impact Fees : 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.
Non-Residential Affordable Housing Fee: Fees collected for non -residential projects (commercial, retail, hospitality and , industrial) to finance affordable housing and related planning, engineering, construction and administrative activity.
10 EXHIBIT 2
Project/Description
Project
Completion
Date
Estimated Project
Cost Total
GTIP
Share %
GTIP Share
Amount 30-06-22 30-06-23
Fund balances (deficit), beginning of year, as restated $ 14,149,823 $ 13,579,984 Revenues:
Interest Income $ 90,350 $ 254,261 Developer fees $ 1,232,026 $ 14,068
Other $ (160,579) $ 6,887
Prior Year Adjustment $ - $ - Total revenues $ 1,161,797 $ 275,217
Expenditures:
Overpass Road Extension $ 1,200,000 31.0% $ 372,446 $ - $ - Community Services: Cost Allocation Study $ 161,477 215.0% $ 347,155 $ 4,860.00 $ 5,443 Capital Improvement Projects:
9001 - Hollister Complete Streets Corridor FY 2018-19 $ 2,441,875 22.0% $ 536,375 $ 27,645.34 $ - 9002 - Ekwill Fowler FY 2020-21 $ 20,524,828 8.6% $ 1,760,000 $ 1,077,251.27 $ 1,191,602 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 $ 467,517.76 $ 1,487,927 9007 - SJC Bike Path - Middle FY 2017-18 $ 4,519,889 18.3% $ 825,000 $ 17,320.02 $ 265,045 9027 - 101 Overcrossing (Ellwood) FY 2025-26 $ 8,825,241 77.3% $ 6,825,241 $ 4,825.77 $ 7,547 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 $ 3,100.16 $ - 9033 - Hollister Bridge Repl - SJC PH2 FY 2020-21 $ 22,760,685 5.0% $ 1,146,451 $ 126,622.51 $ 130,402 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 $ 171.18 $ - 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 $ 2,322.07 $ 20,939 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 $ - $ - Total expenditures $ 123,516,476 $ 24,923,149 $ 1,731,636.08 $ 3,108,905 Excess (deficiency) of revenues over (under)
expenditures $ (569,839) $ (2,833,688)
Other financing sources (uses):
Transfers in/out $ - $ - Total other financing sources (uses): $ - $ - Net changes in fund balances: $ (569,839) $ (2,833,688) Fund balances (deficit), end of year $ 13,579,984 $ 10,746,295 Year Ended
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Transportation Development Impact Fee
Annual Update
11 EXHIBIT 2
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)
$ 3,148,251 $ 4,945,454 $ 1,013,318 $ 3,148,251 $ 4,274,575 $ 1,013,318 Revenues:
Developer fees $ - $ - $ - $ - $ 2,192 $ - Interest Income $ - $ (50,900) $ - $ - $ 178,323 $ - Total revenues $ - (50,900)$ $ - $ - 180,515$ $ - 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 $ - $ - $ - $ - $ - $ - 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 $ - 309,259$ $ - $ - 13,442$ $ - 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)$ $ - $ - 3,245$ $ - 9074 - Stow Grove Multi-Purpose Field FY 2018-19 $ 430,000 100.0% $ 430,000 $ - 62,175$ $ - $ - 104,067$ $ - 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 $ - 9,160$ $ - $ - 197,630$ $ - 9108 - Winchester Park FY 2019-20 $ 165,000 100.0% $ 165,000 $ - 227,259$ $ - $ - - $ $ - 9111 - Jonny D Wallis Park FY 2019-20 $ 69,160 100.0% $ 69,160 $ - 17,489$ $ - $ - 71,179$ $ - Total expenditures 16,753,693$ 14,373,819$ $ - 619,979$ $ - $ - 389,563$ $ - $ - (670,879)$ $ - $ - (209,048)$ $ - Other financing sources (uses):
Transfers in $ - $ - $ - $ - $ - $ - Total other financing sources (uses): $ - $ - $ - $ - $ - $ - Net changes in fund balances: $ - (670,879)$ $ - $ - (209,048)$ $ - Fund balances (deficit), end of year 3,148,251$ 4,274,575$ 1,013,318$ 3,148,251$ 4,065,527$ 1,013,318$ FY Ended 30/6/23
Excess (deficiency) of revenues over (under) expenditures
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Park Development Impact Fees
Annual UpdateFund balances (deficit), beginning of year, as restated FY Ended 30/6/22
12 EXHIBIT 2
Project / Decscription
Project
Completion Date
Estimated Project
Cost Total
Pub. Adm. Fac.
Share
%
Pub. Adm.
Fac. Share
Amount 30-06-22 30-06-23
Fund balances (deficit), beginning of year, as restated $ 255,468 ($ 1,639) Revenues:
Interest Income $ 2,311 -$ 1,339
Developer fees $ - $ 570
Total revenues $ 2,311 ($ 770)
Expenditures:
Capital Improvement Projects:
6100 - Civic Center Study FY 2014-15 $ 47,733 100% $ 47,733 $ - $ - 8100 - Professional Services FY 2017-18 $ - 0% $ - $ - $ - 9025 - Fire Station #10 FY 2017-18 $ 7,661,091 1.2% $ 92,637 $ - $ - 9079 - Amtrak Depot FY 2017-18 $ 11,261,100 28.2% $ 3,176,195 $ 259,418 $ - 9096 - Orange Avenue Parking Lot FY 2017-18 $ 385,000 96.7% $ 372,312 $ - $ - Total expenditures $ 21,574,153 $ 4,096,342 $ 259,418 $ - Excess (deficiency) of revenues over (under) expenditures ($ 257,107) ($ 770) Other financing sources (uses):
Transfers in $ - $ -
Total other financing sources (uses): $ - $ - Net changes in fund balances: ($ 257,107) ($ 770)
Fund balances (deficit), end of year ($ 1,639) ($ 2,409)
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Public Administration Facilities Development Impact Fees A
nnual Update
Year Ended
13 EXHIBIT 2
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
Police Fac.
Share
%
Police
Fac. Share
Amount 30-06-22 30-06-23
Fund balances (deficit), beginning of year, as restated 109,589$ 139,502$ Revenues:
Interest Income (909)$ 2,917$
Developer fees 30,822$ -$
Total revenues 29,913$ 2,917$
Expenditures:
7100 - Vehicle and Computers n/a $ - 0% $ - $ - $ - 8100 - Professional Services n/a $ - 0% $ - $ - $ - 9101 - City Hall Purchase & Improvements $ - $ - Total expenditures $ - $ - $ - $ - Excess (deficiency) of revenues over (under) expenditures 29,913$ 2,917$ Other financing sources (uses):
Transfers in $ - $ - Total other financing sources (uses): $ - $ - Net changes in fund balances: 29,913$ 2,917$
Fund balances (deficit), end of year 139,502$ 142,419$
Year Ended
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Police Facilities Development Impact Fees
Annual Update
14 EXHIBIT 2
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
Library Share
%
Library Share
Amount 30-06-22 30-06-23
Fund balances (deficit), beginning of year, as restated $ 222,111 $ 220,718 Revenues:
Interest Income ($ 1,411) $ 4,837
Developer fees $ 15,869 $ 177
Total revenues $ 14,458 $ 5,015
1700 - Goleta Library n/a $ 239,352 100% $ 239,352 $ 15,851 $ 57,854 Total expenditures $ 239,352 $ 239,352 $ 15,851 $ 57,854 Excess (deficiency) of revenues over (under) expenditures ($ 1,393) $ (52,839) Other financing sources (uses):
Transfers in $ - $ -
Total other financing sources (uses): $ - $ - Net changes in fund balances: ($ 1,393) $ (52,839) Fund balances (deficit), end of year $ 220,718 $ 167,879 Expenditures:
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Library Facilities Development Impact Fees
Annual Update
Year Ended
15 EXHIBIT 2
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
Fire Share
%
Fire Share
Amount 30-06-22 30-06-23
Fund balances (deficit), beginning of year, as restated 3,363,184$ $ 3,387,651 Revenues:
Interest Income (20,509)$ $ 70,838
Fire Developer fees 58,621$ $ 921
Total revenues 38,112$ $ 71,759
Expenditures:
Capital Improvement Projects:
8100 - Professional Services $ - $ - 9025 - Fire Station #10 FY2017-18 $ 7,661,091 41% 3,127,454$ 13,645$ 7,229$ 9078 - Rancho La Patera Improvements FY2017-18 $ 945,000 23% 220,000$ $ - -$ Total expenditures $ 8,606,091 3,347,454$ 13,645$ $ 7,229 Excess (deficiency) of revenues over (under) expenditures 24,467$ $ 64,530 Other financing sources (uses):
Transfers in $ - $ - Total other financing sources (uses): $ - $ - Net changes in fund balances: 24,467$ $ 64,530 Fund balances (deficit), end of year 3,387,651$ $ 3,452,181
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Fire Development Impact Fees
Annual Update
Year Ending
16 EXHIBIT 2
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
Storm Drain
Share
%
Storm Drain
Share Amount 30-06-22 30-06-23
Fund balances (deficit), beginning of year, as restated $ 526,825 $ 532,103 Revenues:
Interest Income ($ 148) $ 8,255
Storm & Drain DIF $ 5,426 $ 2,319
Total revenues $ 5,278 $ 10,574
Expenditures:
Capital Improvement Projects:
9107 - Old Town Full Trash Capture Devices FY 29/30 $ 4,800,000 13.5% $ 650,000 $ 26,413 Total expenditures $ 4,800,000 $ 650,000 $ - $ 26,413 Excess (deficiency) of revenues over (under) expenditures $ 5,278 $ (15,839) Other financing sources (uses):
Transfers in $ - $ -
Total other financing sources (uses): $ - $ - Net changes in fund balances: $ 5,278 $ (15,839) Fund balances (deficit), end of year $ 532,103 $ 516,264
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Storm Drain Development Impact Fees
Annual Update
Year Ending
17 EXHIBIT 2
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
Bicycle & Ped
Share
%
Bicycle & Ped
Share Amount
30-06-22 30-06-23
Fund balances (deficit), beginning of year, as restated $ 419,826 $ 221,676 Revenues:
Interest Income $ 1,850 $ 2,160
Bicycle & Pedestrian DIF $ - $ 571
Total revenues $ 1,850 $ 2,731
Expenditures:
Capital Improvement Projects:
9079 - Amtrak Depot $ 200,000 $ -
Total expenditures $ - $ - $ 200, 000 $ -
Excess (deficiency) of revenues over (under) expenditures ($ 198,150) $ 2,731 Other financing sources (uses):
Transfers in $ - $ -
Total other financing sources (uses): $ - $ -
Net changes in fund balances: ($ 198,150) $ 2,731 Fund balances (deficit), end of year $ 221,676 $ 224,407
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Bicycle & Pedestrian Development Impact Fees
Annual Update
Year Ending
18 EXHIBIT 2
Project / Decscription
Project
Completion
Date
Estimated
Project
Cost Total
N-R Affordable
Housing Share
%
N-R Affordable
Housing Share
Amount 30-06-22 30-06-23
Fund balances (deficit), beginning of year, as restated -$ $ - Revenues:
Interest Income -$ $ ( 2)
Developer fees -$ $ 6, 361
Total revenues -$ $ 6, 359
Expenditures:
$ - $ -
Total expenditures $ - $ -
Excess (deficiency) of revenues over (under) expenditures -$ $ - Other financing sources (uses):
Transfers in $ - $ -
Total other financing sources (uses): $ - $ -
Net changes in fund balances: -$ $ 6, 359
Fund balances (deficit), end of year -$ $ 6, 359 Year Ending
CITY OF GOLETA
Combining Statement of Revenues, Expenditures, and Changes in Fund Balances Non-Residential Affordable Housing Development Impact Fees Annual Update
19