Loading...
CC 2018-01-23_09c Development Impact Fees Status Report MEMORANDUM TO: CITY COUNCIL FROM: DEBBIE MALICOAT, DIRECTOR OF ADMINISTRATIVE SERVICES SUBJECT: CONSIDERATION OF RESOLUTION ACCEPTING THE STATUS REPORT ON DEVELOPMENT IMPACT FEES (AB-1600) DATE: JANUARY 23, 2018 SUMMARY OF ACTION: The attached report provides an accounting of fees derived from development projects. IMPACT ON FINANCIAL AND PERSONNEL RESOURCES: There is no direct financial impact of the status report other than the staff time required to prepare it, which is estimated at 2 hours. 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, 2017. 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 has been the City’s practice 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: Item 9.c. - Page 1 CITY COUNCIL CONSIDERATION OF REPORT ON DEVELOPMENT IMPACT FEES (AB-1600) JANUARY 23, 2018 PAGE 2 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; 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 public 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 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 the Resolution is the required financial information as of June 30, 2017 (Exhibits 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. 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 Item 9.c. - Page 2 CITY COUNCIL CONSIDERATION OF REPORT ON DEVELOPMENT IMPACT FEES (AB-1600) JANUARY 23, 2018 PAGE 3 (Government Code 66477) and does not fall under the AB-1600 reporting requirements, so it is not included in the attached report. 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 et seq. 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 et seq. 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 9.c. - Page 3 CITY COUNCIL CONSIDERATION OF REPORT ON DEVELOPMENT IMPACT FEES (AB-1600) JANUARY 23, 2018 PAGE 4 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. 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 Impact Fees from other City revenues. Although the City pools its cash for investment purposes, interest income is allocated to each of the 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, 2017 remained unexpended. The Drainage Fund balance will be expended in FY 2017-18 for an upcoming storm drainage improvement project. Sufficient funds have been accumulated in the Traffic Signalization Fund to fund two traffic signals and various upgrades. The Transportation Facility Impact Fund has accumulated $1,997,112 in unspent impact fees, of which $1,834,671 is identified in the Capital Improvement Program for the Brisco Road/101 Interchange. The Water Neutralization Fund has no remaining unspent impact fees, but ended the year with a fund balance of $221,350. The Fire Protection Impact Fund ended the year with $229,669 in fund balance. The Police Facilities Impact Fund has a balance of $36,743. 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: 1. Approve staff recommendation to adopt resolution accepting and filing the report; 2. Do not approve staff recommendation and request further information; 3. Modify staff recommendation and approve; 4. Provide direction to staff. ADVANTAGES: By accepting 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. DISADVANTAGES: There are no disadvantages in relation to the recommended action. Item 9.c. - Page 4 CITY COUNCIL CONSIDERATION OF REPORT ON DEVELOPMENT IMPACT FEES (AB-1600) JANUARY 23, 2018 PAGE 5 ENVIRONMENTAL REVIEW: No environmental review is required for this item. PUBLIC NOTIFICATION AND COMMENTS: The Agenda was posted at City Hall and on the City’s website in accordance with Government Code Section 54954.2. Item 9.c. - 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, 2008 and June 30, 2017 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, as reflected in Exhibits A – H, attached and incorporated herein. 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 2018. Item 9.c. - Page 6 RESOLUTION NO. PAGE 2 JIM HILL, MAYOR ATTEST: KELLY WETMORE, CITY CLERK APPROVED AS TO CONTENT: JAMES A BERGMAN, CITY MANAGER APPROVED AS TO FORM: HEATHER WHITHAM, CITY ATTORNEY Item 9.c. - Page 7 EXHIBITS A - H Item 9.c. - Page 8 EXHIBIT A FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Traffic Signal Assessments 97,803$ 3,602$ 30,709$ 96,409$ 16,561$ 80,982$ 26,976$ 23,338$ 117,309$ 130,872$ Interest Income 18,464 8,359 2,513 2,479 2,365 2,167 3,197 6,576 10,917 3,185 Total Revenues 116,267$ 11,961$ 33,222$ 98,888$ 18,926$ 83,149$ 30,173$ 29,914$ 128,226$ 134,057$ Expenditures: Operating Expenses - - - - - - - - 1,948 - Excess of Revenues Over Expenditures 116,267 11,961 33,222 98,888 18,926 83,149 30,173 29,914 126,278 134,057 Other Financing Uses: Capital Projects 61,795 13,926 57,572 - - - - 12,718 28,180 1,723 Excess of Revenues Over (Under) Expenditures and Other Financing Uses 54,472 (1,965) (24,350) 98,888 18,926 83,149 30,173 17,196 98,098 132,334 Fund Balance, Beginning of Year 365,116 419,588 417,623 393,273 492,161 511,087 594,236 624,409 641,605 739,703 Fund Balance, End of Year 419,588$ 417,623$ 393,273$ 492,161$ 511,087$ 594,236$ 624,409$ 641,605$ 739,703$ 872,037$ Capital Project Detail Fair Oaks/Halcyon Rd Traffic Signal 8,905$ 13,926$ 57,572$ -$ -$ -$ -$ -$ -$ -$ West Branch Traffic Signal 52,890 Oak Park/West Branch Signal 12,718 28,180 1,723 Total Capital Projects 61,795$ 13,926$ 57,572$ -$ -$ -$ -$ 12,718$ 28,180$ 1,723$ Traffic Signalization Fund Comparative Statement of Revenues, Expenditures and Changes in Fund Balances Fiscal Years Ending June 30, 2008-2017 CITY OF ARROYO GRANDE Item 9.c. - Page 9 EXHIBIT B FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Transportation Impact Fees 269,079$ 13,031$ 87,928$ 267,489$ 48,385$ 221,532$ 76,857$ 74,358$ 188,488$ 366,924$ Interest income 116,192 58,888 16,824 15,937 13,203 8,657 11,109 20,107 14,545 9,154 Total Revenues 385,271 71,919 104,752 283,426 61,588 230,189 87,966 94,465 203,033 376,078 Expenditures: Operating Expenses - - - - - - - 16,800 29,531 16,800 Excess of Revenues Over Expenditures 385,271 71,919 104,752 283,426 61,588 230,189 87,966 77,665 173,502 359,278 Other Financing Uses: Capital Projects 49,536 199,802 177,415 253,718 739,974 231,184 128,433 284,497 1,714,300 (1,335,025) Excess of Revenues Over (Under) Expenditures and Other Financing Uses 335,735 (127,883) (72,663) 29,708 (678,386) (995) (40,467) (206,832) (1,540,798) 1,694,303 Fund Balance, Beginning of Year 2,605,390 2,941,125 2,813,242 2,740,579 2,770,287 2,091,901 2,090,906 2,050,439 1,843,607 302,809 Fund Balance, End of Year 2,941,125$ 2,813,242$ 2,740,579$ 2,770,287$ 2,091,901$ 2,090,906$ 2,050,439$ 1,843,607$ 302,809$ *1,997,112$ Capital Project Detail: Brisco Road/101 Interchange 37,384$ 46,002$ 177,415$ 253,718$ 267,448$ 189,091$ 128,433$ 284,497$ 1,714,300$ (1,335,025)$ Pavement Mgmt Project Grand Avenue & Halcyon Signal East Branch Streetscape 113,800 - - - - - - - Le Point Parking Lot 121,231 El Camino Real Rehabilitation 351,295 42,093 Total Capital Projects 37,384$ 159,802$ 177,415$ 253,718$ 739,974$ 231,184$ 128,433$ 284,497$ 1,714,300$ (1,335,025)$ *$1,834,671 will be used to finance Brisco Rd-Halcyon/ Route 101 interchange as detailed in the CIP within the budget for FY 2017-18 CITY OF ARROYO GRANDE Fiscal Years Ending June 30, 2008-2017 Transportation Facility Impact Fee Comparative Statement of Revenues, Expenditures and Changes in Fund Balances Item 9.c. - Page 10 EXHIBIT C FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Drainage Fees 178$ 312$ 21,975$ -$ -$ 20,648$ -$ -$ -$ -$ Interest Income 846 232 162 7 2 15 113 217 130 - Total Revenues 1,024 544 22,137 7 2 20,663 113 217 130 - Expenditures: Operating Expenses - - - 1,575 - - - - - - Excess of Revenues Over Expenditures 1,024 544 22,137 (1,568) 2 20,663 113 217 130 - Other Financing Uses: Capital Projects 9,913 - 32,076 - - - - - 21,377 (16,462) Excess of Revenues Over (Under) Expenditures and Other Financing Uses (8,889) 544 (9,939) (1,568) 2 20,663 113 217 (21,247) 16,462 Fund Balance, Beginning of Year 20,312 11,423 11,967 2,028 460 462 21,125 21,238 21,455 208 Fund Balance, End of Year 11,423$ 11,967$ 2,028$ 460$ 462$ 21,125$ 21,238$ 21,455$ 208$ *16,670$ Capital Project Detail: Storm Drain Erosion Mitigation -$ -$ 20,176$ -$ -$ -$ -$ -$ -$ -$ Drainage Master Plan 1,163 Newsom Springs Drainage 11,900 - - - - - - - Popular Street Drainage Basin Imprv 8,750 Creek Presevation/Drainage Imprv 21,377 (16,462) Total Capital Projects 9,913$ -$ 32,076$ -$ -$ -$ -$ -$ 21,377$ (16,462)$ * $16,462 of this fund balance is budgeted for drainage improvements in FY 2017-18. Drainage Facility Fees Comparative Statement of Revenues, Expenditures and Changes in Fund Balances Fiscal Years Ending June 30, 2008-2017 CITY OF ARROYO GRANDE Item 9.c. - Page 11 EXHIBIT D FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Water Neutralization Fee 130,454$ 9,930$ 33,594$ 85,473$ 44,557$ 75,308$ 37,207$ 85,497$ 17,777$ 185,779$ Interest Income 34,865 16,379 3,789 2,761 1,975 1,597 1,856 2,631 1,697 621 Transfer In - Water Fund 200,000 200,000 50,000 Total Revenues 165,319 26,309 37,383 88,234 46,532 76,905 39,063 288,128 219,474 236,400 Expenditures: Operating Expenses 79,598 190,381 197,568 49,209 87,011 80,838 327,531 469,443 47,894 Excess of Revenues Over/(Under) Expenditures 165,319 (53,289) (152,998) (109,334) (2,677) (10,106) (41,775) (39,403) (249,969) 188,506 Other Financing Uses: Capital Projects 64,987 88,794 - 11,325 44,990 Excess of Revenues Over (Under) Expenditures and Other Financing Uses 100,332 (142,083) (152,998) (120,659) (2,677) (55,096) (41,775) (39,403) (249,969) 188,506 Fund Balance, Beginning of Year 737,172 837,504 695,421 542,423 421,764 419,087 363,991 322,216 282,813 32,844 Fund Balance, End of Year 837,504$ 695,421$ 542,423$ 421,764$ 419,087$ 363,991$ 322,216$ 282,813$ 32,844$ 221,350$ Capital Project Detail: Water Conservation Program 64,987$ 88,794$ -$ -$ -$ -$ -$ -$ -$ -$ Short Street Bathroom Retrofit 11,325 Central Irrigation System 44,990 Total Capital Projects 64,987$ 88,794$ -$ 11,325$ -$ 44,990$ -$ -$ -$ -$ Water Neutralization Fees Comparative Statement of Revenues, Expenditures and Changes in Fund Balances Fiscal Years Ending June 30, 2008-2017 CITY OF ARROYO GRANDE Item 9.c. - Page 12 EXHIBIT E FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Impact Fees 15,741$ 9,802$ 18,263$ 21,150$ 22,802$ 40,042$ 28,404$ 31,542$ 14,298$ 121,797$ Interest Income 248 120 125 180 270 343 636 1,600 2,783 1,061 Transfers in - operating Total Revenues 15,989 9,922 18,388 21,330 23,072 40,385 29,040 33,142 17,081 122,858 Expenditures: Operating Expenses 3,023 Excess of Revenues Over Expenditures 15,989 9,922 18,388 21,330 23,072 40,385 29,040 33,142 14,058 122,858 Other Financing Uses: Capital Transfers Out 12,572 2,723 6,380 - - - - - - 76,849 Excess of Revenues Over (Under) Expendiutres and Other Financing Uses 3,417 7,200 12,009 21,331 23,072 40,385 29,040 33,142 14,058 46,009 Fund Balance, Beginning of Year 6 3,423 10,623 22,632 43,963 67,035 107,420 136,460 169,602 183,660 Fund Balance, End of Year 3,423$ 10,623$ 22,632$ 43,963$ 67,035$ 107,420$ 136,460$ 169,602$ 183,660$ 229,669$ Capital Project Detail: Fire Station Addition 12,572$ 2,723$ 6,380$ -$ -$ -$ -$ -$ -$ -$ Bond Debt Repayment 76,849 12,572$ 2,723$ 6,380$ -$ -$ -$ -$ -$ -$ 76,849$ CITY OF ARROYO GRANDE Fire Protection Fee Comparative Statement of Revenues, Expenditures and Changes in Fund Balances Fiscal Years Ending June 30, 2008-2017 Item 9.c. - Page 13 EXHIBIT F FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Impact Fees 13,218$ 515$ 3,778$ 12,479$ 3,418$ 20,809$ 3,900$ 7,448$ 8,927$ 10,280$ Interest Income 1,700 904 280 320 308 292 476 461 383 134 Total Revenues 14,918 1,419 4,058 12,799 3,726 21,101 4,376 7,909 9,310 10,414 Expenditures: Operating Expenses - - - - - - - - 2,268 - Excess of Revenues Over Expenditures 14,918 1,419 4,058 12,799 3,726 21,101 4,376 7,909 7,042 10,414 Other Financing Uses: Capital Transfers Out - - - - - - - 81,400 1,400 (1,400) Excess of Revenues Over (Under) Expendiutres and Other Financing Uses 14,918 1,419 4,058 12,799 3,726 21,101 4,376 (73,491) 5,642 11,814 Fund Balance, Beginning of Year 30,381 45,299 46,718 50,776 63,575 67,301 88,402 92,778 19,287 24,929 Fund Balance, End of Year 45,299$ 46,718$ 50,776$ 63,575$ 67,301$ 88,402$ 92,778$ 19,287$ 24,929$ 36,743$ Capital Project Detail: Parking Lot -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Police Station Remodeling 81,400 Citywide Solar Project 1,400 (1,400) -$ -$ -$ -$ -$ -$ -$ 81,400$ 1,400$ (1,400)$ CITY OF ARROYO GRANDE Police Protection Fee Comparative Statement of Revenues, Expenditures and Changes in Fund Balances Fiscal Years Ending June 30, 2008-2017 Item 9.c. - Page 14 EXHIBIT G FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Impact Fees 774$ 728$ 1,275$ 1,420$ 1,623$ 2,744$ 2,036$ 4,858$ 859$ 8,686$ Interest Income 1,695 865 254 209 218 190 269 572 364 317 Expense Recovery 6,082 Total Revenues 2,469 1,593 1,529 7,711 1,841 2,934 2,305 5,430 1,223 9,003 Expenditures: Operating Expenses - 3,000 - - - - - - 262 - Excess of Revenues Over Expenditures 2,469 (1,407) 1,529 7,711 1,841 2,934 2,305 5,430 961 9,003 Other Financing Uses: Capital Transfers Out - - 6,082 - - 324 - - 60,000 (54,956) Excess of Revenues Over (Under) Expendiutres and Other Financing Uses 2,469 (1,407) (4,553) 7,711 1,841 2,610 2,305 5,430 (59,039) 63,959 Fund Balance, Beginning of Year 40,922 43,391 41,984 37,431 45,142 46,983 49,593 51,898 57,328 (1,711) Fund Balance, End of Year 43,391$ 41,984$ 37,431$ 45,142$ 46,983$ 49,593$ 51,898$ 57,328$ (1,711)$ *62,248$ Capital Project Detail: ADA Improvements -$ -$ 6,082$ -$ -$ -$ -$ -$ -$ -$ Elm Street Roof Replacement 324 Woman's Club Kitchen Remodel 60,000 (54,956) -$ -$ 6,082$ -$ -$ 324$ -$ -$ 60,000$ (54,956)$ CITY OF ARROYO GRANDE Community Center Fee Comparative Statement of Revenues, Expenditures and Changes in Fund Balances Fiscal Years Ending June 30, 2008-2017 Item 9.c. - Page 15 EXHIBIT H FY 07-08 FY 08-09 FY 09-10 FY 10-11 FY 11-12 FY 12-13 FY 13-14 FY 14-15 FY 15-16 FY 16-17 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Impact Fees 13,367$ 12,514$ 21,920$ 24,646$ 27,874$ 94,540$ 34,936$ 83,790$ 14,693$ 148,754$ Interest Income 24,564 10,920 2,427 1,938 1,721 1,482 570 1,582 2,416 1,078 Total Revenues 37,931 23,434 24,347 26,584 29,595 96,022 35,506 85,372 17,109 149,832 Expenditures: Operating Expenses - - - - - - - - 3,808 - Excess of Revenues Over Expenditures 37,931 23,434 24,347 26,584 29,595 96,022 35,506 85,372 13,301 149,832 Other Financing Uses: Capital Transfers Out 101,618 174,427 77,817 20,192 20,749 359,289 20,000 35,000 20,000 14,967 Excess of Revenues Over (Under) Expendiutres and Other Financing Uses (63,687) (150,993) (53,470) 6,392 8,846 (263,267) 15,506 50,372 (6,699) 134,865 Fund Balance, Beginning of Year 609,774 546,087 395,094 341,624 348,016 356,862 93,595 109,101 159,473 152,774 Fund Balance, End of Year 546,087$ 395,094$ 341,624$ 348,016$ 356,862$ 93,595$ 109,101$ 159,473$ 152,774$ *287,639$ Capital Project Detail: Turf Renovations 21,792.00$ 24,917.00$ -$ -$ -$ -$ -$ -$ -$ -$ Park Improvements 7,591 2,455 23,832 14,329 19,060 20,614 20,000 35,000 20,000 14,967 Fence Replacement 17,631 Village Green Master Plan 22,709 115,976 33,985 Picnic Shelter @ Elm St park 31,895 Picnic Table Replacement 4,263 Resurface courts 23,232 Soto Pond Fence Replacement 5,628 Replacement lighting-lower basin fields 1,689 290,360 Central Irrigation System 48,315 101,618$ 170,843$ 57,817$ 19,957$ 20,749$ 359,289$ 20,000$ 35,000$ 20,000$ 14,967$ CITY OF ARROYO GRANDE Park Improvement Fee Comparative Statement of Revenues, Expenditures and Changes in Fund Balances Fiscal Years Ending June 30, 2008-2017 Item 9.c. - Page 16