CC 2014-01-14_08.d. Status Report AB1600 Impact FeesMEMORANDUM
TO: CITY COUNCIL
FROM: DEBBIE MALICOAT, DIRECTOR OF ADMINISTRATIVE SERVICES T
SUBJECT: CONSIDERATION OF RESOLUTION ACCEPTING THE STATUS
REPORT ON DEVELOPMENT IMPACT FEES (AB-1600)
DATE: JANUARY 14, 2014
RECOMMENDATION:
It is recommended the City Council adopt a Resolution accepting the status report on
the receipt and use of Development· Impact Fees (AB-1600) during the fiscal year
ending June 30, 2013.
IMPACT ON FINANCIAL AND PERSONNEL RESOURCES:
There is no fiscal impact from this action.
No or minimal future staff time is projected.
BACKGROUND:
Government Code Sections 66000 et seq. (enacted via AB-1600) requires local agencies
to provide an accounting of impact fees imposed on development projects. These fees
(typically titled AB 1600 fees) are intended to mitigate certain cost impacts of development
projects on existing City facilities and infrastructure.
The basic accounting and reporting responsibilities require the City to provide a detailed
reporting of the use of development impact fees every five years (beginning with FY
1997-98). Due to· the fact that several of the impact fees have different reporting
periods, it was decided by staff to report the status of Development Impact Fees on a
yearly basis so as not to miss a reporting date in error.
The City must comply with. two basic requirements. First, the City must report findings
on the amount collected for each fee, the use of the fees, and any unexpended fees at
year-end. These findings must:
1. Identify the purpose for the fee;
2. Demonstrate a reasonable relationship between the fee and the purpose for
which it was charged;
3. Identify all sources and amounts of funding anticipated to complete financing
of incomplete improvements;
Item 8.d. - Page 1
CITY COUNCIL
CONSIDERATION OF REPORT ON DEVELOPMENT IMPACT-FEES (AB-1600)
_JANUARY 14, 2014 . .
PAGE2
4. Designate the approximate dates these funding sources are expected to be
deposited into the appropriate account or fund.
When . sufficient funds -have been collected to complete financing of _ publi<;:
improvements in progress but not completed, the City has 180 days to identify an
approximate date by which the construction of the public improvement_ will begin or be
completed.
The second requirement provides that the City shall establish separate capital facility
accounts for each improvement funded by project development impact fees. Interest
shall be earned and recorded in each account. The City is required to make available to
the public the following information: ·
1. A brief description of the type of fee in the account.
2. The amount of the fee.
3. The account's beginning and ending balance.
4. The amount of fees collected and the interest earned.
5. A description of the improvements on which the funds were expended and the
amount expended on each improvement, including the percentage of the
improvement funded with development fees.
6. An approximate date by which the construction of a public improvement will
begin if the City determines that sufficient funds have been collected to
complete financing on the incomplete improvement.
7. A description of each inter-fund transfer or loan made from the account.
8. The amount of any refunds.
Attached to this staff report is the required financial information as of June 30, 2013
(Attachments A-H). The information consists of beginning and ending fund balances for
each fee charged by the City, including interest earned, and details of all expenditures
made from these sources. The information in the Attachments is consistent with the
-yearly audited financial records.
ANALYSIS OF ISSUES:
There are eight active Development Impact Fees identified as subject to AB1600
reporting requirements. Three of the fees were first reported in January 1999 complying
with the five-year reporting requirement. Those three fees are the Traffic Signalization
Fee, the Transportation Facility Fee, and the Drainage Facility Fee. The Water
Neutralization Fee was required to report for the first time in 2003. The remaining four
Development Impact Fees (the Fire Protection Fee, the Police Facilities Fee,
Community Center Fee, and the Park Improvement Fee) were first required to report in
2005. The City also charges a Park Development Fee, which is a Quimby. Fee
(Government Code 66477) and does not fall under the AB-1600 reporting requirements
so it is not included in the attached report.
Item 8.d. - Page 2
CITY COUNCIL
CONSIDERATION OF REPORT ON DEVELOPMENT IMPACT FEES (AB-1600)
JANUARY 14, 2014
PAGE3
The City utilized the following funds to track development impact fees:
• Traffic Signalization Fund (Fund 222)
Ordinance 346 was adopted in May of 1986 as a mechanism for assessing
fees on new developments in proportion to the amount of anticipated traffic
generated by a given development. The fees were restricted for funding the
construction of traffic signal systems, signing, and other traffic control
devices. This development impact fee came under Government Code Section
66000 in January 1989, when AB-1600 fees were recognized.
• Transportation Facility Impact (Fund 224)
The fund was established in January 1994 to track fees paid by developers
for the construction of improvements to streets throughout the City. When a
project serves both new and existing development, only the portion related to
new development is charged against this fund.
• Drainage Facility Fund (Fund 231)
This fund was established in January 1986 to track fees collected from
developers to acquire and construct drainage facilities with a designated
drainage zone attributable to new development. This development impact fee
came under Government Code Section 66000 in January 1989, when AB-
1600 fees were recognized. As with the Transportation Facility Impact fees,
when a project serves both new and existing development, only the portion
related to new development is charged against this fund.
• Water Neutralization Impact Fund (Fund 226)
This fund was established in October 1998 to account for mitigation fees
collected from developers to neutralize projected water demand of
development projects above historical usage amounts. When a project
serves both new and existing development, only the portion related to new
development is charged against this fund.
• Fire Protection Fund (Fund 210)
The Impact Fee Study of March 2000 instituted the Fire Protection Fee .. This
fee is to be used for facilities to house fire fighting personnel and equipment
serving future development. This fee was established pursuant to AB-1600.
• Police Facilities Fund (Fund 211) .
The Police Protection Fund was established in March 2000 to account for
monies that were collected from new development for the expansion of police
facilities. This fee was established pursuant to AB-1600.
Item 8.d. - Page 3
CITY COUNCIL
CONSIDERATION OF REPORT ON DEVELOPMENT IMPACT FEES (AB-1600)
JANUARY 14, 2014 . .
PAGE4
• Park Improvement Fund (Fund 214)
This impact fee resulted from the-Impact Fee Study of March 2000. This fee
is to be used to improve parklands in order to maintain 4.0 acres of
neighborhood and community parks per thousand residents. This fee was
established pursuant to AB-1600; however, FY 2000-01 was the first year
monies were collected for Park Improvement.
• Community Center Fund (Fund 215)
The Impact Fee Study of March 2000 instituted the Recreation Community
Center Fee. The fee was enacted to ensure community center facilities are
maintained at 542 square feet per thousand population.
The City utilizes fund accounting to segregate Development lmp§lct Fees from other
City revenues. Although the City pools its cash for investment purposes, interest
income is allocated to each of the eight funds based on their respective cash balances.
Staff examined the accounts to determine if any Development Impact Fees collected
between January 1989 and June 30, 2013 remained unexpended. It was determined
that the Drainage Facility Fees have been expended. Sufficient funds have been
accumulated in the Traffic Signalization Fund to fund two traffic signals and various
upgrades. The Capital Improvement Program includes $30,000 for the Oak Park/West
Branch/SB 101 On-Ramp and $200,000 for Traffic Signal upgrades. The Transportation
Facility Impact Fund has accumulated $1,340,533 in impact fees. The Capital
Improvement Program includes $1,229,829 for the Brisco Road/101 Interchange. The
Water Neutralization Fund has accumulated $188,387 in impact fees; of this, $105,900
is budgeted in operating expenditures related to water conservation. The Fire
Protection Impact Fund ended the year with a $107,420 fund balance. The Police
Facilities Impact Fund has a balance of $67,301, which is allocated for the police station
. remodel project. The Community Center and Park Improvement Impact funds are
scheduled for various building and park improvements.
ALTERNATIVES:
The following alternatives are provided for City Council consideration:
-Approve staff recommendation to adopt resolution accepting and filing the
report;
Do not approve staff recommendation and request further information;
Modify staff recommendation and approve;
Provide direction to staff.
ADVANTAGES:
By acceptin·g the status report on Development Impact Fees, the City will be complying
with Government Code Sections 66000 et seq. that require local agencies to provide an
accounting of impact fees imposed on development projects:
Item 8.d. - Page 4
CITY COUNCIL
CONSIDERATION, OF REPORT ON DEVELOPMENT IMPACT FEES (AB-1600)
JANUARY 14, 2014
PAGES
DISADVANTAGES:
There are no disadvantages in relation to the recommended action.
ENVIRONMENTAL REVIEW:
No environmental review is required for this item.
PUBLIC NOTIFICATION AND COMMENTS:
The Agenda was posted in front of City Hall on Thursday, January 9, 2014. The agenda
and report were posted on the City's website on Friday, January 10, 2014. No public
comments were received.
Attachments:
• Attachment A -The Traffic Signalization Fund history for a ten year period
from Fiscal Year 2003-04 through Fiscal Year 2012-13. ,,
• Attachment B -The Transportation Facility Impact Fund history for a ten year
period from Fiscal Year 2003-04 through Fiscal Year 2012-13.
• Attachment C -The Drainage Facility Fund history for a ten year period from
Fiscal Year 2003-04 through Fiscal Year 2012-13.
• Attachment D -The Water Neutralization Impact Fund history for a ten year
period from Fiscal Year 2003-04 through Fiscal Year 2012-13.
• Attachment E -The Fire Protection Fund history for a ten year period from
Fiscal Year 2003-04 through Fiscal Year 2012-13.
• Attachment F -The Police Protection Fund history for a ten year period from
Fiscal Year 2003-04 through Fiscal Year 2012-13.
• Attachment G -The Community Center Fund history for a ten year period
from Fiscal Year 2003-04 through Fiscal Year 2012-13.
• Attachment H -The Park Improvement Fund history for a ten year period
from Fiscal Year 2003-04 through Fiscal Year 2012-13.
Item 8.d. - Page 5
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO
GRANDE ACCEPTING THE STATUS REPORT ON DEVELOPMENT
IMPACT FEES (AB-1600)
WHEREAS, Government Code Section 66001 (d) requires the City to make
findings once every five fiscal years with respect to any portion of a development
impact fee remaining unexpended in its account five or more years after deposit
of the fee, and to identify the purpose to which the fee is to be put, and to
demonstrate a reasonable relationship between the fee and the purpose for
which it was charged; and
WHEREAS, the Council has reviewed the development impact fees collected
between July 1, 2004 and June 30, 2013 to determine if any such development
impact fees remain unexpended; and
WHEREAS, the Council finds that expenditures made on public improvements
funded from development impact fees are consistent with the requirements of
Government Code Section 66006.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of
Arroyo Grande hereby accepts and files this Status Report on development
impact fees.
On motion of Council Member , seconded by Council Member , and
on the following roll call vote, to wit:
AYES:
NOES:
ABSENT:
The foregoing Resolution was passed and adopted this day of 2014.
Item 8.d. - Page 6
RESOLUTION NO.
PAGE2
TONY FERRARA, MAYOR
ATTEST:
KELLY WETMORE, CITY CLERK
APPROVED AS TO CONTENT:
STEVEN ADAMS, CITY MANAGER
APPROVED AS TO FORM:
TIMOTHY J. CARMEL, CITY ATTORNEY
Item 8.d. - Page 7
ATTACHMENTS
A-H
Item 8.d. - Page 8
' I
ATTACHMEhlT J.\
CITY OF ARROYO GRANDE
Traffic Signalization Fund
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30, 2004-2013
FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Traffic Signal Assessments $ 94,817 $ 67,189 $ 62,842 $ 86, 169 $ 97,803 $ 3,602 $ 30,709 $ 96,409 $ 16,561 $ 80,982
Interest Income 6,706 11,147 21,649 24,705 18,464 8,359 2,513 2,479 2,365 2,167
Total Revenues $ 101,523 $ 78,336 $ 84,491 $ 110,874 $ 116,267 $ 11,961 $ 33,222 $ 98,888 $ 18,926 $ 83, 149
Expenditures:
Operating Expenses
Excess of Revenues Over
Expenditures 101,523 78,336 84,491 110,874 116,267 11,961 33,222 98,888 18,926 83, 149
Other Financing Uses:
Capital Projects 13,282 169,672 313,851 61,795 13,926 57,572
Excess of Revenues Over ,
(Under) Expenditures and
Other Financing Uses 101,523 65,054 (85,180) (202,977) 54,472 (1,965) (24,350) 98,888 18,926 83,149
Fund Balance, Beginning of Year 486,696 588,219 653,273 568,092 365, 116 419,588 417,623 393,273 .492,161 511,087
Fund Balance, End of Year $588,219 $ 653,273 $ 568,092 $ 365,116 $ 419,588 $ 417,623 $ 393,273 $ 492,161 $ 511,087 $ 594,236
Capital Project Detail
Grand/Halcyon Traffic Signal $ $ 13,282 $ 137, 135 $ 29, 190 $ $ $ $ $ $
Fair Oaks/Halcyon Rd Traffic Signal 8,905 13,926 57,572
West Branch SUCamino Mercado 32,537
West Branch Traffic Signal 284,661 52,890
Total Capital Projects $ $ 13,282 $ 169,672 $ 313,851 $ 61,795 $ 13,926 $ 57,572 $ $ $
. ... .. ~
Item 8.d. - Page 9
Item 8.d. - Page 10
ATT:\CHMaH C
CffY OF ARROYO GRANDE .
Drainage Facility Fees
·comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30, 2004-2013
FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Drainage Fees $ 4,725 $ 12,619 $ 47 $ $ 178 $ 312 $ 21,975 $ $ $ 20,648
Interest Income 363 734 834 453 846 232 162 7 2 15
Total Revenues 5,088 13,353 881 453 1,024 544 22,137 7 2 20,663
Expenditures:
Operating Expenses 1,575
Excess of Revenues Over
Expenditures 5,088 13,353 881 453 1,024 544 22, 137 (1,568) 2 20,663
Other Financing Uses:
Capital Projects 800 19,300 15,525 10,600 9,913 32,076
Excess of Revenues Over
(Under) Expenditures and
Other Financing Uses 4,288 (5,947) (14,644) (10,147) (8,889) 544 (9,939) (1,568) 2 20,663
Fund Balance, Beginning of Year 46,762 51,050 45,103 30,459 20,312 11,423 11,967 2,028 460 462
Fund Balance, End of Year $ 51,050 $ 45,103 $ 30,459 $ 20,312 $ 11,423 $ 11,967 $ 2,028 $ 460 $ 462 $ 21,125.
Capital Project Detail:
Storm Drain Erosion Mitigation $ $ $ $ $ $ $ 20, 176 $ $ $
Drainage Master Plan 1, 163
Newsom Springs Drainage 1,000 11,900
Popular Street Drainage Basin Imr 800 19,300 11, 150 8,750
Storm Water Study 4,375 9,600
Total Capital Projects $ 800 $ 19,300 $ 15,525 $ 10,600 $ 9,913 $ $ 32,076 $ .$ $
Item 8.d. - Page 11
ATTACHMENT!)
CITY OF ARROYO GRANDE
Water Neutralization Fees
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30, 2004-2013
FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Water Neutralization Fee $ 109,398 $ 231,430 $ 181, 152 $ 206,676 $ 130,454 $ 9,930 $ 33,594 $ 85,473 $ 44,557 $ 75,308
Interest Income 10,333 16,293 27,365 30,300 34,865 16,379 3,789 2,761 1,975 1,597
Total Revenues 119,731 247,723 208,517 236,976 165,319 26,309 37,383 88,234 46,532 76,905
Expenditures:
Operating Expenses 16,638 8,259 79,598 190,381 197,568 49,209 87,011
Excess of Revenues Over
Expenditures 103,093 239,464 208,517 236,976 165,319 (53,289) (152,998) . (109,334) (2,677) (10,106)
Other Financing Uses:
Capital Projects 97,252 228,823 350,005 88,080 64,987 88,794 11,325 44,990
Excess of Revenues Over
(Under) Expenditures and
Other Financing Uses 5,841 10,641 (141,488) 148,896 100,332 (142,083) (152,998) (120,659) (2,677) (55,096)
Fund Balance, Beginning of Year 713,282 719,123 729,764 588,276 737,172 837,504 695,421 542,423 421,764 419,087
Fund Balance, End of Year $ 719,123 $ 729,764 $ 588,276 $ 737,172 $ 837,504 $ 695,421 $ 542,423 $421,764 $419,087 • $ 363;991
Capital Project Detail:
Water Conservation Program $ 97,252 $ 228,823 $ 350,005 $ 88,080 $ 64,987 $ 88,794 $ $ $ $
Short Street Bathroom Retrofit 11,325
Central Irrigation System 44,990
Total Capital Projects $ 97,252 $ 228,823 $ 350,005 $ 88,080 $ 64,987 $ 88,794 $ $ 11,325 $ $ 44,990
* $105,900 of this fund balance is to be used to finance. the Water Conservation Program.
Item 8.d. - Page 12
ATT ACHMEi\IT E
CITY OF ARROYO GRANDE
Fire Protection Fee
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30, 2004-2013
FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Impact Fees $ 44,861 $ 104,568 $ 86,450 $ 73,360 $ 15,741 $ 9,802 $ 18,263 $ 21, 150 $ 22,802 $ 40,042
Interest Income 2,537 5,276 6,150 13,060 248 120 125 180 270 343
Transfers in -operating 100,800
Total Revenues 47,398 109,844 92,600 187,220 15,989 9,922 18,388 21,330 23 072 40 385
Expenditures:
Operating Expenses 409,465
Excess of Revenues Over
Expenditures 471398 1091844 92,600 (222,245) 151989 9,922 18,388 211330 23,072 401385
Other Financing Uses:
Capital Transfers Out 173,271 7,206 14,385 12,572 2,723 6,380
Excess of Revenues Over
(Under) Expendiutres and
Other Financing Uses 47,398 (63,427) 85,395 (236,629) 3,417 7,200 12,009 21,331 23,072 40,385
Fund Balance, Beginning of Year 167 269 214,667 151,240 236,635 6 3,423 10,623 22,632 43,963 67,035
Fund Balance, End of Year $ 214,667 $ 151,240 $ 236,635 $ 6 $ 3,423 $ 10,623 $ 22,632 $ 43,963 $ 67,035 $ 107,420
Capital Project Detail:
Fire Station Addition $ $ 173,271 $ 7,206 $ 14,385 $ 12,572 $ 2,723 $ 6,380 $ $ $
$ $ 173,271 $ 7,206 $ 14,385 $ 12,572 $ 2,723 $ 6,380 $ $ $
Item 8.d. - Page 13
AllACHMENT F
CITY OF ARROYO GRANDE
Police Protection Fee
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30, 2004-2013
FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY12-13
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Impact Fees $ 15,464 $ 10,588 $ 11,205 $ 12,980 $ 13,218 $ 515 $ 3,778 $ 12,479 $ 3,418 $ 20,809
Interest Income 531 984 1,994 615 1,700 904 280 320 308 292
Total Revenues 15,995 11,572 13 199 13,595 14,918 1,419 4,058 12,799 3,726 21, 101
Expenditures:
Operating Expenses 4 802
Excess of Revenues Over
Expenditures 15,995 6,770 13, 199 13,595 14,918 1 419 4,058 12,799 3,726 21, 101
Other Financing Uses:
Capital Transfers Out 58,073 1,927
Excess of Revenues Over
(Under) Expendiutres and
Other Financing Uses 15,995 6,770 (44,873} 11,669 14,918 1,419 4,058 12,799 3,726 21,101
Fund Balance, Beginning of Year 40,820 56 815 63,585 18,712 30 381 45,299 46 718 50 776 63,575 67 301
Fund Balance, End of Year $ 56,815 $ 63,585 $ 18,712 $ 30,381 $ 45,299 $ 46,718 $ 50,776 $ 63,575 $ 67,301 $ 88,402
Capital Project Detail:
Parking Lot $ $ $ 58,073 $ 1,927 $ $ $ $ $ $
$ $ $ 58,073 $ 1,927 $ $ $ $ $ $
Item 8.d. - Page 14
ATTACHMENT G
CffY OF ARROYO GRANDE
Community Center Fee
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30, 2004-2013
FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Impact Fees $ 4,828 $ 8,361 $ 8,882 $ 8,779 $ 774 $ 728 $ 1,275 $ 1,420 $ . 1,623 $ 2,744
Interest Income 134 323 830 1,580 1,695 865 254 209 218 190
Expense Recovery 6,082
Total Revenues 4,962 8,684 9,712 10,359 2,469 1,593 1,529 7,711 1,841 2,934
Expenditures:
Operating Expenses 3,000
Excess of Revenues Over
Expenditures 4,962 8,684 9,712 10,359 2,469 (1,407) 1,529 7,711 1,841 2,934
Other Financing Uses:
Capital Transfers Out 6,082 324
Excess of Revenues Over
(Under) Expendiutres and
Other Financing Uses 4,962 8,684 9,712 10,359 2,469 (1,407) (4,553) 7,711 1,841 2,610
Fund Balance, Beginning of Year 7,205 12, 167 20,851 30,563 40,922 43,391 41,984 37,431 45,142 46,983
Fund Balance, End of Year $ 12, 167 $ 20,851 $ 30,563 $ 40,922 $ 43,391 $ 41,984 $ 37,431 $ 45,142 $ 46,983 • $ 49,593
Capital Project Detail:
ADA Improvements $ $ $ $ $ $ $ 6,082 $ $ $
Elm Street Roof Replacement $ 324
$ $ $ $ $ $ $ 6,082 $ $ $ 324
• $15,000 of the fund balance is budgeted for the Elm Street roof replacement in FY 2012-13
Item 8.d. - Page 15
ATT ACHIViENT H
CITY OF ARROYO GRANDE
Park Improvement Fee
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30, 2004-2013
FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Impact Fees $ 83,378 $ 149,138 $ 154,861 $ 118, 152 $ 13,367 $ 12,514 $ 21,920 $ 24,646 $ 27,874 $ 94,540
Interest Income 1,755 4,826 12,922 25,483 24,564 10,920 2,427 1,938 1,721 1,482
Total Revenues 85, 133 153,964 167,783 143,635 37,931 23,434 24,347 26,584 29,595 96,022
Expenditures:
Operating Expenses
Excess of Revenues Over
Expenditures 85, 133 153,964 167,783 143,635 37,931 23,434 24,347 26,584 29,595 96,022
Other Financing Uses:
Capital Transfers Out 1,319 8,263 14,263 101,618 174,427 77,817 20, 192 20,749 359,289
Excess of Revenues Over
(Under) Expendiutres and
Other Financing Uses 85,133 . 152,645 159,520 129,372 (63,687) (150,993) (53,470) 6,392 8,846 (263,267)
, Fund Balance, Beginning of Year 83, 104 168,237 320,882 480,402 609,774 546,087 395,094 341,624 348,016 356,862
Fund Balance, End of Year $ 168,237 $ 320,882 $ 480,402 $ 609,774 $ 546,087 $ 395,094 $ 341,624 $ 348,016 $ 356,862 * $ 93,595
Capital Project Detail:
Park Equipment Installation $ 1,319 $ $ $ $ $ $ $ $
Turf Renovations 3,000 21,792 24,917
Park Improvements 263 3,051 7,591 2,455 23,832 14,329 19,060 20,614
Replacement pump & pipe 5,000
Fence Repla,cement 17,631
Village Green Master Plan 22,709 115,976 33,985
Picnic Shelter@ Elm St park 11,212 31,895
Irrigation System Replacement@ Elm St park 3,295 235
Picnic Table Replacement 4,263
Resurface courts 23,232
Replace fencing @ Porter Field 289 20,000
Soto Pond Fence Replacement 5,628
Replacement lighting-lower basin fields 1,689 290,360
Central Irrigation System 48,315
$ $ 1,319 $ 8,263 $ 14,263 $ 101,618 $ 174,427 $ 77,817 $ 20,192 $ 20,749 $ 359,289
* $356,862 of the fund balance is budgeted for Park Improvements, Replacement lighting, and a Central Irrigation System in FY 2012-13
Item 8.d. - Page 16