Agenda Item No: 1.e
PLACENTIA CITY COUNCIL AGENDA REPORT
Meeting Date: December 2, 2025
Submitted by: Jerry Griggs
From: Finance
Subject:
FISCAL YEAR 2024-25 DEVELOPMENT IMPACT FEE REPORT (AB 1600) Financial Impact:
Fiscal Impact:
There is no fiscal impact associated with the recommended action.
Summary:
The attached report is prepared to comply with the California Government Code Section 66006, which requires an annual disclosure and review of collected development impact fees and expenditures.
Recommendation:
Recommended Action: It is recommended that the City Council:
Receive and file the Fiscal Year 2024-25 Development Impact Fee Report (AB 1600).
Strategic Plan Statement:
This item does not directly support a strategic plan goal/objective.
Discussion:
California’s AB 1600, also known as the Mitigation Fee Act (Government Code section 66000), was established in California on September 19, 1987. AB 1600 requires local governments to create a development impact fee program where the developers are charged fees for building new construction projects. These impact fees are meant to compensate local governments for infrastructure and public facilities that are necessary to support the increased demand resulting from new development, such as roads, schools, parks, and public safety services.
The purpose of the AB 1600 Developer Impact Fee Annual Report (Government Code 66006) is to address several critical needs:
Identify and describe each type of fee: The annual report must specify each type of development impact fee that was collected during the reporting period. This includes fees for specific purposes like transportation, parks, public safety, or other infrastructure needs.
Amount of fees collected: Local governments must report the total amount of fees collected during the reporting period for each fee category. This information helps to track the financial resources available for various infrastructure projects. 1 Beginning and ending balances: The report should include the beginning and ending balances of each fee category’s fund. This helps the public understand how the collected fees were carried over from previous years and how they were spent during the reporting period.
Amount of interest earned: The annual report must disclose any interest earned from the fees collected. This interest should typically be used for the same purposes as the fees collected.
Amount of fees expended or to be expended: Local governments are required to detail the expenditures made or to be made from the collected fees. This includes specifying the projects and activities for which the fees are used, providing transparency on how the funds are spent.
Inter-fund transfers and loans: The report must describe any impact fees that were used for transfers between city funds or for loans, if applicable.
Amount of refunds made: The report must identify the amount of refunds made pursuant to subdivision (e) of Section 66001 and any allocations pursuant to subdivision (f) of Section 66001.
Furthermore, the Mitigation Fee Act requires an agency to make the following findings every five years:
Identify the fee’s purpose.
Demonstrate a reasonable relationship between the fee and its purpose.
Identify all sources and amounts of funding anticipated to complete the financing in incomplete improvements in the fee program.
In summary, the AB 1600 Developer Impact Fee Annual Report is essential for promoting transparency, accountability, informed decision making, legal compliance, public participation, and data- driven planning in the collection and utilization of development impact fees in California. It helps ensure that the funds collected from developers are used for their intended purposes and benefit the communities affected by new construction projects.
Currently, the City of Placentia collects several types of impact payments, and the activities of these programs are captured in dedicated funds. The attached report includes a narrative on the purpose of the fee, how the fee is calculated, fund activity and balance, a listing of projects for the fiscal year ended June 30, 2025, and if applicable, a list of projects any unexpended fees will be used for over the next five-years.
Fiscal Impact Summary:
There is no fiscal impact associated with the recommended action.
Attachments
2024.25 Development Impact Fee Report.pdf
2 City of Placentia
FY 2024-25 Development Impact Fee Report
1 | Page
Legal Requirements for Development Impact Fee Reporting California's AB 1600, also known as the Mitigation Fee Act (Government Code section 66000), was established in California on September 19, 1987. AB 1600 requires local governments to create a developer impact fee program when they impose various development impact fees on new construction projects. These impact fees are meant to fund infrastructure and public facilities that are necessary to support the increased demand resulting from new developments, such as roads, schools, parks, and public safety services. The purpose of the AB 1600 Developer Impact Fee Annual Report (Government Code 66006) is to address several critical needs:
Identify and describe each type of fee: The annual report must specify each type of development impact fee that was collected during the reporting period. This includes fees for specific purposes like transportation, parks, public safety, or other infrastructure needs.
Amount of fees collected: Local governments must report the total amount of fees collected during the reporting period for each fee category. This information helps to track the financial resources available for various infrastructure projects. Beginning and ending balances: The report should include the beginning and ending balances of each fee category's fund. This helps the public understand how the collected fees were carried over from previous years and how they were spent during the reporting period.
Amount of interest earned: The annual report must disclose any interest earned from the fees collected. This interest should typically be used for the same purposes as the collected fees.
Amount of fees expended or to be expended: Local governments are required to detail the expenditures made or to be made from the collected fees. This includes specifying the projects and activities for which the fees are used and providing transparency on how the funds are spent.
Administrative costs: The annual report should include information about any administrative costs associated with the collection and management of development impact fees. This helps to ensure that the fees collected are primarily used for infrastructure improvements rather than administrative expenses.
In summary, the AB 1600 Developer Impact Fee Annual Report is essential for promoting transparency, accountability, informed decision-making, legal compliance, public participation, and data-driven planning in the collection and utilization of development impact fees in California. It helps ensure that the funds collected from developers are used for their intended purposes and benefit the communities affected by new construction projects. 3 City of Placentia
FY 2024-25 Development Impact Fee Report
2 | Page
Currently, the City of Placentia collects several types of impact payments, identified in detail below and the activities of these programs are captured in dedicated funds. Two percent (2%) of funds collected from impact fees support administrative costs.
Park & Recreation- Fund 307
History & Description
Placentia is proud of its extensive park system, and has invested significantly in our Parks Initiative, upgrading and renovating numerous parks. On October 17, 2017, Placentia City Council approved Ordinance No. O-2017-10 establishing a Park and Recreation Impact Fee to be used as a funding source for park development, and community use facility expansion needed to serve new development. Park & Recreation fees were first collected in 2018.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest
Expenses:
Ending Fund Balance
2024-2025 Projects
1.Kraemer Park Fountain Design (13,667.75)
2.Los Vaqueros Landscape Project (128,888)
Future Activity
1.Citywide restroom renovations ($28,000)
2.McFadden Park playground renovation
($90,000)
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
$386,196.17$480,770.15$17,390.81$142,555.75$741,801.38
4 City of Placentia
FY 2024-25 Development Impact Fee Report
3 | Page
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee.
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
Affordable Housing In-Lieu- Fund 405
History & Description
On October 17, 2017, Placentia City Council approved Ordinance No. O-2017-11 establishing an Affordable Housing In-Lieu Impact Fee.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest
Expenses:
Ending Fund Balance
2024-2025 Projects
1.No projects were financed by the Affordable Housing In-lieu fees.
Future Activity
There are currently no planned projects using Affordable Housing In-Lieu fees.
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee.
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
$404.18
404.18
5 City of Placentia
FY 2024-25 Development Impact Fee Report
4 | Page
Citywide Sewer Impact- Fund 305
History & Description
On October 17, 2017, Placentia City Council approved Ordinance No. O-2017-10 establishing a citywide Sewer Impact Fee to support capital improvements, including updating or replacing sewer lines, necessary due to new development or conversions within the City resulting in increased usage of the City’s sewer system.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest
Expenses:
Ending Fund Balance
2024-2025 Projects
Future Activity
Projects below are included in the seven (7) year Capital Improvement Plan (CIP) and funding from the Sewer Impact fee fund will be determined in the years those projects are scheduled based on funds available.
1.Old Town Sewer project (FY25/26)
2.Sewer capacity projects (FY27/28)
3.Pipeline rehab projects (FY26/27)
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee.
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) $41,219.64$226,599.82$4,479.45$272,298.91
6 City of Placentia
FY 2024-25 Development Impact Fee Report
5 | Page
No refunds were made during Fiscal Year 2024-25.
Citywide Traffic Impact- Fund 303
History & Description
On October 17, 2017, Placentia City Council approved Ordinance No. O-2017-10 establishing a citywide Traffic Mitigation Impact Fee to fund capital improvements to the traffic circulation system resulting from new development and/or conversions. First fees collected 2018.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest1
Expenses:
Ending Fund Balance
2024-2025 Projects
1. Caltrans sustainability Active Transportation Plan
($23,309)
Future Activity
1.Orangethorpe traffic signal synchronization ($8,000)
2.Rose /Tustin regional traffic signal synchronization
($100,000)
3.Traffic signal back-up batteries ($10,000)
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
$198,421.48$272,009.33$9,661.56$23,309.00$456,783.37
7 City of Placentia
FY 2024-25 Development Impact Fee Report
6 | Page
There are currently no interfund transfers or loans made using this fee.
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
Citywide Storm Drain Impact- Fund 306
History & Description
On October 17, 2017, Placentia City Council approved Ordinance No. O-2017-10 establishing a citywide Storm Drain Impact Fee to maintain an acceptable level of storm drainage from all areas of the City of Placentia. First fees collected 2018.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest1
Expenses:
Ending Fund Balance
2024-2025 Projects
1. FY 23-24 Roadway Rehab Construction
Future Activity
1.Seaview Circle storm drain (FY26/27)
2.Kevin Way storm drain improvement (FY27/28)
3.Sunset Drive storm drain improvement (FY27/28)
4.Kraemer Park storm drain improvement (FY27/28)
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee. $26,158.91$13,690.06$702.66$25,000.00$15,551.63
8 City of Placentia
FY 2024-25 Development Impact Fee Report
7 | Page
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
Police Impact- Fund 301
History & Description
On October 17, 2017, Placentia City Council approved Ordinance No. O-2017-10 establishing a Public Safety Mitigation Impact Fee to support capital equipment urgently needed for the city’s police and fire protection facilities to maintain the existing levels of police and fire protection services to all areas of the City of Placentia. Pursuant to Resolution R-2023-20, the Public Safety Impact fee has been divided into Animal Shelter, Police and Fire Impact fees.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest1
Expenses:
Ending Fund Balance
2024-2025 Projects
1.Refurbish Police Department armory ($12,215.91)
2.Fire Station 1 generator replacement ($1,575)
Future Activity
1.Fire Station No. 1 garage doors ($40,000)
2.Refurbish Police Department motorcycle barn ($25,000) The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
$98,220.98$157,286.77$4,830.78$14,543.79$245,794.74
9 City of Placentia
FY 2024-25 Development Impact Fee Report
8 | Page
There are currently no interfund transfers or loans made using this fee.
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25
Citywide Affordable Housing- Fund 304
History & Description
On October 17, 2017, Placentia City Council approved Ordinance No. O-2017-11 establishing a citywide Affordable Housing Impact Fee to provide housing affordable to extremely low income, very low income, lower income, and moderate income households in the city, consistent with the goals and policies contained in the city’s housing element and for administration and compliance monitoring of the affordable housing program.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest1
Expenses:
Ending Fund Balance
2024-2025 Projects
1.Professional services relating to affordable housing and demolition and asbestos removal relating to red tag property for future affordable housing use.
Future Activity
There are currently no planned projects using Affordable Housing Impact Fees.
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee. $1,171,924.96$1,044,433.10$48,834.80$3,835.00$2,261,357.86 10 City of Placentia
FY 2024-25 Development Impact Fee Report
9 | Page
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
Quimby In-Lieu- Fund 302
History & Description
On October 17, 2017, Placentia City Council approved Ordinance No. O-2017-10 establishing a Quimby In-Lieu Impact Fee and/or dedication of parkland as a condition of approval of tentative map or parcel map to support additional park facilities needed to accommodate future growth and maintain an acceptable level of existing park and recreational facilities for all areas of the city of Placentia. First fees collected 2018.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest1
Expenses:
Ending Fund Balance
2024-2025 Projects
1.La Placita Parquette ($21,275.17)
Future Activity
1.McFadden Park pergola replacement ($50,000)
2.Koch Park picnic shelter replacement
($43,950)
3.Playground resurfacing ($150,000)
4.Park amenities ($55,478.35)
5.Atwood Trail planning ($37,200)
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City $456,920.02$701,878.94$23,012.08$21,275.17$1,160,535.87 11 City of Placentia
FY 2024-25 Development Impact Fee Report
10 | Page
is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee.
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
Fire Impact Fee- Fund 311
History & Description
On October 17, 2017, Placentia City Council approved Ordinance No. O-2017-10 establishing a Public Safety Impact Fee, which was subsequently separated into Police, Fire and Animal Shelter Impact Fees pursuant to Resolution R-2023-20.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest1
Expenses:
Ending Fund Balance
2024-2025 Projects
1.Fire Station 2 Body Armor Replacement
Future Activity
1. Ballistics vests
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in
$21,024.57$44,910.80$1,317.4953.61$67,199.25
12 City of Placentia
FY 2024-25 Development Impact Fee Report
11 | Page
the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee.
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
Animal Shelter- Fund 312
History & Description
On October 17, 2017, Placentia City Council approved Ordinance No. O-2017-10 establishing a Public Safety Impact Fee, separated into Police, Fire and Animal Shelter Impact Fees pursuant to Resolution R-2023-20.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest1
Expenses:
Ending Fund Balance
2024-2025 Projects
No reportable projects or activity during fiscal year 2024-2025.
Future Activity
There are currently no planned projects using Animal Shelter Impact Fees.
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
$325.32$1,109.99
$1,435.31
13 City of Placentia
FY 2024-25 Development Impact Fee Report
12 | Page
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee.
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
Park Development- Fund 235
History & Description
Placentia is proud of its extensive park system, and has invested significantly in our Parks Initiative, upgrading and renovating numerous parks. On October 17, 2017, Placentia City Council approved Ordinance No. O-2017-10 establishing a Park and Recreation Impact Fee to be used as a funding source for park development, and community use facility expansion needed to serve new development.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest
Expenses:
Ending Fund Balance
2024-2025 Projects
There were no projects supported by these fees in FY 2024-25.
Future Activity
There are currently no planned projects using Park Development Fees.
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee. $20,903.21$614.83$21,518.04
14 City of Placentia
FY 2024-25 Development Impact Fee Report
13 | Page
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
TOD Traffic Impact – Fund 310
History & Description
In June, 2017 the Placentia city council approved the TOD Development Impact Fee Nexus Study approving the TOD Traffic impact fee to mitigate the impacts of traffic created by development within the TOD area. First fees collected 2019.
Fund Activity
2024-2025
Actual
Beginning Balance
Revenue:
Allocated Interest
Expenses:
Ending Fund Balance
2024-2025 Projects
1. Traffic mitigation improvement project (36,451.76)
Future Activity
1. Traffic mitigation improvement project ($181,381.94)
2.FY2022/23 Roadway Rehabilitation ($95,000)
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee.
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
$497,423.90$14,492.34$36,691.76$475,224.48
15 City of Placentia
FY 2024-25 Development Impact Fee Report
14 | Page
TOD Sewer Impact – Fund 308
History & Description
In June, 2017 the Placentia city council approved the TOD Development Impact Fee Nexus Study approving the TOD Sewer impact fee to support expansion and maintenance of the sewer system within the Transit Oriented District (TOD). First fees collected 2018.
Fund Activity
2024-2025
Actual
Beginning Balance $(187,875.50)$1,137.39 $72,749.02(259,487.13) Revenue:
Allocated Interest
Expenses:
Ending Fund Balance
2024-2025 Projects
1. TOD Crowther Sewer project ($72,749.02)
Future Activity
1. TOD Crowther Sewer project ($135,971.07)
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee.
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
16 City of Placentia
FY 2024-25 Development Impact Fee Report
15 | Page
TOD Streetscape Impact – Fund 309
History & Description
In June, 2017 the Placentia city council approved the TOD Development Impact Fee Nexus Study approving the TOD Streetscape impact fee to support streetscape design and construction within the TOD. First fees collected 2019.
Fund Activity
2024-2025
Actual
Beginning Balance $1,034,843.43$28,633.35 $185,540.00$877,936.78 Revenue:
Allocated Interest
Expenses:
Ending Fund Balance
2024-2025 Projects
1.Wayfinding signage design ($240.00)
2.FY2023-25 Roadway rehabilitation ($185,300)
Future Activity
The date of impact fee collection and deposit of funding is difficult to predict and will depend on the timing of each specific developer and on the relative economic conditions. As such, the City is unable to predict when all such development impact fees will be accumulated and will continue to provide updates as additional information and fees are collected. As part of the annual budget process, the City identifies public improvement projects that have sufficient impact fee funds available and the approximate dates (fiscal year) of construction. This information is included in the Capital Improvement Program which is adopted by City Council as part of the overall budget adoption process.
Interfund Transfer and Loan
There are currently no interfund transfers or loans made using this fee.
Refunds Made Pursuant to Section 66001 Subdivison (e) or Subdivision (f) No refunds were made during Fiscal Year 2024-25.
17