TO:Andrew P. Powers, City Manager
FROM:Jaime Boscarino, Finance Director
DATE:January 13, 2026
SUBJECT: Development Impact Fees: Annual Review of Accounts as of June 30, 2025
RECOMMENDATION:
1. Receive and file report.
2. Find that this action is not a project as defined under section 15378(b)(5) of the California Environmental Quality Act Guidelines.
LEVINE ACT ITEM: No
FINANCIAL IMPACT:
No Additional Funding Requested. Minimal staff time to complete the staff report is included in the Adopted FY 2025-26 General Fund Budget. The City received Development Impact Fee Revenue in Fiscal Year 2024-25 in the amount of $7,911,136.
BACKGROUND:
The Mitigation Fee Act (Act), codified in California Government Code Section 66000 et seq., governs Development Impact Fees (Fees), which are charged to new development projects to fund public capital facilities necessitated by growth, including road improvements, traffic signals, and water/wastewater infrastructure.
Fee revenues must be accounted for separately and used only for their intended purposes. The City currently administers 18 Fees established by City Council resolutions, five of which are no longer collected. Expenditures are authorized through the biennial budget process.
Development Impact Fees: Annual Review of Accounts as of June 30, 2025 January 13, 2026
DISCUSSION/ANALYSIS:
The Act requires an annual accounting review of all Fees, which must be made available to the public at least 15 days prior to City Council consideration for receipt and filing. Attachment #1 details each Fee, its legislative history, and a brief description. Attachment #2 provides financial summaries, including balances, revenues, interest, expenditures/expenses, and the ending balance as of June 30, 2025.
In addition, the Act requires the City to identify any Fee revenues that have remained unexpended for more than five years. The chart below shows Fee revenues held for five years or longer as of June 30, 2025:
Road Payback 38,836 $ 29,783 $ 9,053 $ Master Plan Traffic Signal* 646,011 160,077 485,934
Newbury Park Rd Imprv* 2,825,251 2,863,744 N/A
Supplemental Traffic Signal Const* 356,058 319,997 36,061 Supplemental Traffic Signal Maint* 431,845 421,897 9,948 Wendy/101 Interchange 588,096 - 588,096
Borchard Rd/US 101 Intchg 56 172,940 N/A
Moorpark Rd/US 101 Intchg 98 98 N/A
Lynn Road Payback Fee - 13,030 N/A
Thousand Oaks Rd Improv* 1,932,374 1,420,979 511,395
Air Quality Impact 570,493 577,180 N/A
Fire Protection Facilities 122,045 238,733 N/A
Police / Library Capital Fees 2,423 343,359 N/A
Citywide Traffic Impact Fees 412,247 11,548 400,699
Wastewater Capital Fees** (20,962,793) 2,004,916 N/A
Water Capital Fees 4,717,955 3,854,739 863,216
Total (8,319,005) $ 12,433,020 $ 2,904,402 $
* Fees are no longer being collected
Development Impact Fees - 5th Year Unexpended Revenue Analysis Fee Name
Fund Balance
06/30/20
Expenditures/
Expenses
7/1/20-6/30/25
Unexpended
5th-Year
Revenue
** Wastew ater Capital Fees negative fund balance is due to completing projects in advance of collecting developer fee revenue.
Development Impact Fees: Annual Review of Accounts as of June 30, 2025 January 13, 2026
Based on the analysis above, seven Fees have unexpended revenues that have reached their fifth year. The chart below identifies planned projects or expenditures for each Fee, demonstrating a defined spending plan for the unspent revenue:
The chart below summarizes the fee revenues collected for each Fee over the past five years and excludes interest earnings:
Current projects, along with funding sources, are available in the FY 2025-2027 Capital Improvement Program Budget on the City’s website at https://toaks.gov.
Development Impact Fees: Annual Review of Accounts as of June 30, 2025 January 13, 2026
COUNCIL GOAL COMPLIANCE:
Meets the following City Council goal:
C. Operate City government in a fiscally and managerially responsible and prudent manner to ensure that the City of Thousand Oaks remains one of California's most desirable places to live, work, visit, recreate, and raise a family.
PREPARED BY: Blanca Gomez, Sr. Accountant
Attachments:
Attachment #1 – City of Thousand Oaks Development Impact Fees Attachment #2 – City of Thousand Oaks Development Impact Fees – Detail
FIN: 330-40\H:\COMMON\ACFLR\Developer Fees\Impact_fees\2024-2025\011326 Development Impact Fees Staff Report.docx