City Council Memorandum
TO: HONORABLE MAYOR AND CITY COUNCIL DATE: JANUARY 6, 2026
FROM: FINANCE DEPARTMENT WARDS: ALL
SUBJECT: DEVELOPMENT IMPACT FEE ACTIVITY STATUS REPORT
ISSUE:
Status report on development impact fee activity for Overlook Parkway Crossing at Alessandro Arroyo, Local Parks, Regional and Reserve Parks, and Trails.
RECOMMENDATION:
That the City Council receive and file the status report on development impact fees for Overlook Parkway Crossing at Alessandro Arroyo, Local Parks, Regional and Reserve Parks, and Trails.
BACKGROUND:
Resolution No 17705 was adopted by the City Council on March 12, 1991, which established a development impact fee for Overlook Parkway Crossing of the Alessandro Arroyo as authorized by Section 16.48 of the Riverside Municipal Code.
Resolution No’s. 21307, 21308, and 21309, were adopted by the City Council on January 9, 2007, which established development impact fees for Local Parks, Regional and Reserve Parks, and Trails as authorized by Section 16.60, 16.44, and 16.76 of the Riverside Municipal Code, respectively.
Government Code Section 66000 et al. and Sections 16.48, 16.44, and 16.76 of the Riverside Municipal Code (RMC) require the City provide an accounting to the general public for related receipts and expenses for which the fees were used during the fiscal year.
DISCUSSION:
The impact fees activity for fiscal year 2024/25 are as follows:
Local Parks Annual Report Page 2
Beginning Balance $ 175,233.17 Fees Received ($635 per unit) - Interest Income 1,966.30 Subtotal $ 177,199.47 Expenditures - Ending Balance177,199.47$ Beginning Balance $ 2,520,873.83 Restatement** (819,449.00)Interfund Transfer from General Fund 910,945.00 Fees Received * 2,590,857.25 Interest Income 75,124.05 Subtotal $ 5,278,351.13 Expenditures 3,090,945.00 Ending Balance2,187,406.13$ Beginning Balance $ 4,597,618.68 Restatement** (409,024.30)Fees Received ($5,489/acre, or $5,489 per SFR lot) 401,133.25 Interest Income 147,343.14 Subtotal $ 4,737,070.77 Expenditures 41,771.10 Ending Balance4,695,299.67$ Beginning Balance $ 178,119.94 Fees Received ($78/acre, or $78 per SFR lot) 5,634.56 Interest Income 5,416.34 Subtotal $ 189,170.84 Expenditures - Ending Balance189,170.84$ * Fees vary by residential and non-residential type Overlook Parkway Crossing at Alessandro ArroyoLocal ParksRegional and Reserve ParksTrails** Restatement related to developer fees recognized as revenues in prior years which should have been classified as a deposit
The above balances reflect only actual cash receipts and expenditures. Other commitments against the funds are not reflected (i.e., encumbrances and appropriations); therefore, the balances should not be considered as available balances. Expenditure Detail listings for Fiscal Year 2024/25 are attached. There were no expenditures for the Overlook Parkway Crossing at Alessandro Arroyo and Trails in FY 2024/25.
Local Parks Annual Report Page 3
FISCAL IMPACT:
There is no fiscal impact associated with receipt of this report.
Prepared by: Ryan Carter, Controller
Approved by: Julie Nemes, Deputy Finance Director
Certified as to
availability of funds: Kristie Thomas, Chief Financial Officer Approved by: Edward Enriquez, Assistant City Manager/Chief Financial Officer/Treasurer
Approved as to form: Rebecca McKee-Reimbold, Interim City Attorney
Attachments:
1. Local Park Development Impact Fees - Expenditure Detail
2. Regional and Reserve Parks Development Impact Fees - Expenditure Detail