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R 4325
RESOLUTION NO.4325 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE ACCEPTING THE STATUS REPORT ON DEVELOPMENT IMPACT FEES (AB -1600) WHEREAS, Govemment 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, 2000 and June 30, 2010 to determine if any such development impact fees remain unexpended; and WHEREAS, the Council finds that expenditures made on public improvements funded from project 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 Brown, seconded by Council Member Costello, and on the following roll call vote, to wit: AYES: Council Members Brown, Costello, Guthrie, Ray, Ferrara (Mayor) NOES: None ABSENT: None The foregoing Resolution was passed and adopted this 14 day of December 2010. RESOLUTION NO. 1 1325 PAGE 2 TONY FE MAYOR ATTEST: KELL / W MORE, CITY CLERK APPROVED AS TO CONTENT: STEVE ADAMS, ITY MANAGER APPROVED AS TO FORM: 1 TI • THY RrRMEL, CITY ATTORNEY ATTACHMENTS A - F h, 1MVn1►IGI•1 ,-, CITY OF ARROYO GRANDE Traffic Signalization Fund Comparative Statement of Revenues,Expenditures and Changes in Fund Balances Fiscal Years Ending June 30,2001-2010 FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Traffic Signal Assessments $ 37,577 $110,055 $ 24,519 $ 94,817 $ 67,189 $ 62,842 $ 86,169 $ 97,803 $ 3,602 $ 30,709 Interest Income 27,507 14,591 9,279 6,706 11,147 21,649 24,705 18,464 8,359 2,513 Total Revenues 65,084 124,646 33,798 $101,523 $ 78,336 $ 84,491 $110,874 $116,267 $ 11,961 $ 33,222 Expenditures: - - Operating Expenses - - - - - - - - Excess of Revenues Over Expenditures 65,084 124,646 33,798 101,523 78,336 84,491 110,874 116,267 11,961 33,222 Other Financing Uses: Capital Projects 56,530 136,889 - - 13,282 169,672 " 313,851 61,795 13,926 57,572 Excess of Revenues Over (Under)Expenditures and Other Financing Uses 8,554 (12,243) 33,798 101,523 65,054 (85,180) (202,977) 54,472 (1,965) (24,350) Fund Balance,Beginning of Year 456,587 465,141 452,898 486,696 588,219 653,273 568,092 365,116 419,588 417,623 Fund Balance, End of Year $465,141 $452,898 $ 486,696 $588,219 $653,273 $568,092 $365,116 * $419,588 $ 417,623 $ 393,273 Capital Project Detail Opticom Devices $ - $ - $ - $ - $ - $ - $ - $ - $ - $ - Traffic Loop-Fair Oaks/Halcyon Grand Avenue Corridor Study Fair OaksNalley Traffic Signal 17,480 Grand/Halcyon Traffic Signal 13,026 13,282 137,135 29,190 Fair Oaks AveNalley Rd ReGonst 26,024 136,889 Fair Oaks/Halcyon Rd Traffic Signal 8,905 13,926 57,572 West Branch St/Camino Mercado 32,537 West Branch Traffic Signal 284,661 52,890 Total Capital Projects $ 56,530 $136,889 $ - $ - $ 13,282 $169,672 $313,851 $ 61,795 $ 13,926 $ 57,572 •$25,000 of this fund balance is to be used to finance a left turn and signal at West Branch and Oak Park for FY 2010-11. CITY OF ARROYO GRANDE Transportation Facility Impact Fee Comparative Statement of Revenues,Expenditures and Changes in Fund Balances Fiscal Years Ending June 30,2001-2010 FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Transportation Impact Fees $ 93,134 $ 261,625 $ 68,836 $ 258,987 $ 171,926 $ 172,840 $ 236,436 $ 269,079 $ 13,031 $ 87,928 Interest income 93,796 55,846 38,697 26,059 40,565 57,246 64,352 116,192 58,888 16,824 Total Revenues 186,930 317,471 107,533 285,046 212,491 230,086 300,789 385,271 71,919 104,752 Expenditures: Operating Expenses - - - - - - - - - - Excess of Revenues Over Expenditures 186,930 317,471 107,533 285,046 212,491 230,086 300,789 385,271 71,919 104,752 Other Financing Uses: Capital Projects 31,457 237,490 62,013 39,799 44,702 93,288 103,120 49,536 199,802 177,415 Excess of Revenues Over (Under)Expenditures and Other Financing Uses 155,473 79,981 45,520 245,247 167,789 136,798 197,669 335,735 (127,883) (72,663) Fund Balance,Beginning of Year 1,576,913 1,732,386 1,812,367 1,857,887 2,103,134 2,270,923 2,407,721 2,605,390 2,941,125 2,813,242 Fund Balance,End of Year $1,732,386 $1,812,367 $1,857,887 $2,103,134 $ 2,270,923 $ 2,407,721 $ 2,605,390 $ 2,941,125 $ 2,813,242 $ 2,740,579 Capital Project Detail: Brisco Road/101 Interchange $ 16,650 $ (433) $ - $ - $ 29,798 $ 44,336 $ 85,271 $ 37,384 $ 46,002 $ 177,415 Pavement Mgmt Project 14,807 17,848 El Campo Road/Route 101 Alt. 36,019 9,746 771 Oak Park Boulevard Widening 201,904 51,963 Infrastructure Inventory 10,000 Traffic Count Prog/Traffic Model 30,053 14,133 Brisco Road Pavement Rehab 12,152 Grand Avenue&Halcyon Signal 48,952 East Branch Streetscape 113,800 ' Traffic Way Streetscape 40,000 Total Capital Projects $ 31,457 $ 237,490 $ 61,963 $ 39,799 $ 44,702 $ 93,288 $ 103,120 $ 49,536 $ 199,802 $ 177,415 $2,441,218 will be used to finance Brisco Rd-Halcyon/Route 101 interchange and the El Camino Real Rehab as detailed in the Capital Improvement program within the budget for FY 2010-11. CITY OF ARROYO GRANDE Drainage Facility Fees Comparative Statement of Revenues,Expenditures and Changes in Fund Balances Fiscal Years Ending June 30,2001-20W FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Drainage Fees $ 5,607 $ 21,397 $ 7,221 $ 4,725 $ 12,619 $ 47 $ - $ 178 $ 312 $ 21,975 Interest Income 685 890 515 363 734 834 453 846 232 162 Total Revenues 6,292 22,287 7,736 5,088 13,353 881 453 1,024 544 22,137 Expenditures: Operating Expenses - - - - - - - - - - Excess of Revenues Over Expenditures 6,292 22,287 7,736 5,088 13,353 881 453 1,024 544 22,137 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 6,292 22,287 7,736 4,288 (5,947) (14,644) (10,147) (8,889) 544 (9,939) Fund Balance, Beginning of Year 10,447 16,739 39,026 46,762 51,050 45,103 30,459 20,312 11,423 11,967 Fund Balance,End of Year $ 16,739 $ 39,026 $ 46,762 $ 51,050 $ 45,103 $ 30,459 $ 20,312 $ 11,423 $ 11,967 $ 2,028 . 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 Impry 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 CITY OF ARROYO GRANDE Water Neutralization Fees Comparative Statement of Revenues,Expenditures and Changes in Fund Balances Fiscal Years Ending June 30,2001-2010 FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Water Neutralization Fee $142,962 $319,654 $208,921 $109,398 $ 231,430 $ 181,152 $ 206,676 $ 130,454 $ 9,930 $ 33,594 Interest Income 4,710 10,731 13,730 10,333 16,293 27,365 30,300 34,865 16,379 3,789 Total Revenues 147,672 330,385 222,651 119,731 247,723 208,517 236,976 165,319 26,309 37,383 Expenditures: Operating Expenses - - - 16,638 8,259 79,598 190,381 Excess of Revenues Over Expenditures 147,672 330,385 222,651 103,093 239,464 208,517 236,976 165,319 (53,289) (152,998) Other Financing Uses: Capital Projects 10,000 97,252 228,823 350,005 88,080 64,987 88,794 - Excess of Revenues Over (Under)Expenditures and Other Financing Uses 147,672 330,385 212,651 5,841 10,641 (141,488) 148,896 100,332 (142,083) (152,998) Fund Balance,Beginning of Year 22,574 170,246 500,631 713,282 719,123 729,764 588,276 737,172 837,504 695,421 Fund Balance,End of Year $170,246 $500,631 $713,282 $719,123 $ 729,764 $ 588,276 $ 737,172 $ 837,504 $695,421 $542,423 Capital Project Detail: Water Conservation Program $ - $ - $ 10,000 $ 97,252 $ 228,823 $ 350,005 $ 88,080 $ 64,987 $ 88,794 $ - Total Capital Projects $ - $ - $ 10,000 $ 97,252 $ 228,823 $ 350,005 $ 88,080 $ 64,987 $ 88,794 $ - •$342,700 of this fund balance is to be used to finance the Water Conservation Program with$45,000 budgeted for the Central Irrigation system. CITY OF ARROYO GRANDE Summary of Development Fees and Related Expenditures TRAFFIC SIGNALIZATION FEES Underspent Fees Percent of Year Fees (Overspent) Cumulative Cumulative Over(Under) Fees Collected Collected Expended Fees Fees Expenditures Expenditures Expended FY 1989 $ 57,713 $ 20,900 $ 36,813 $ 57,713 $ 20,900 $ 36,813 36% FY 1990 24,254 - 24,254 81,967 20,900 61,067 0% FY 1991 - 43,883 (43,883) 81,967 64,783 17,184 79% FY 1992 15,623 - 15,623 97,590 64,783 32,807 66% FY 1993 20,496 - 20,496 118,086 64,783 53,303 55% FY 1994 26,829 - 26,829 144,915 64,783 80,132 45% FY 1995 6,282 - 6,282 151,197 64,783 86,414 43% FY 1996 7,877 - 7,877 159,074 64,783 94,291 41% FY 1997 8,903 27,645 (18,742) 167,977 92,428 75,549 55% Fr 1998 24,477 2,010 22,467 192,454 94,438 98,016 49% F(1999 226,007 - 226,007 418,461 94,438 324,023 23% FY 2000 18,523 9,931 8,592 436,984 104,369 332,615 24% FY 2001 37,577 56,530 (18,953) 474,561 160,899 313,662 34% FY 2002 110,055 136,889 (26,834) 584,616 297,788 286,828 51% FY 2003 24,519 - 24,519 609,135 297,788 311,347 49% FY2004 94,817 - 94,817 703,952 297,788 406,164 42% FY2005 67,189 13,282 53,907 771,141 311,070 460,071 40% FY2006 62,842 169,672 (106,830) 833,983 480,742 353,241 58% FY2007 86,169 313,851 (227,682) 920,152 794,593 125,560 86% FY2008 97,803 61,795 36,008 1,017,955 856,388 161,568 84% FY2009 3,602 13,926 (10,324) 1,021,557 870,313 151,244 85% F(2010 30,709 57,572 (26,863) 1,052,266 927,885 124,381 88% $ 1,052,266 $ 927,885 $ 124,381 CITY OF ARROYO GRANDE Summary of Development Fees and Related Expenditures TRANSPORTATION FACILITY IMPACT FEES Underspent Fees Percent of Year Fees (Overspent) Cumulative Cumulative Over(Under) Fees Collected Collected Expended Fees Fees Expenditures Expenditures Expended FY 1994* $ 15,524 $ - $ 15,524 $ 15,524 $ - $ 15,524 0% FY 1995 15,243 - 15,243 30,767 - 30,767 0% FY 1996 24,048 - 24,048 54,815 - 54,815 0% FY 1997 64,993 26,900 38,093 119,808 26,900 92,908 22% FY 1998 72,840 - 72,840 192,648 26,900 165,748 14% FY 1999 1,272,982 - 1,272,982 1,465,630 26,900 1,438,730 2% FY 2000 68,444 74,372 (5,928) 1,534,074 101,272 1,432,802 7% FY 2001 93,134 31,457 61,677 1,627,208 132,729 1,494,479 8% FY 2002 261,625 237,490 24,135 1,888,833 370,219 1,518,614 20% FY 2003 68,836 62,013 6,823 1,957,669 432,232 1,525,437 22% FY2004 258,987 39,799 219,188 2,216,656 472,031 1,744,625 21% FY2005 171,926 44,702 127,224 2,388,582 516,733 1,871,849 22% FY2006 172,840 93,288 79,552 2,561,422 610,021 1,951,401 24% FY 2007 236,436 103,120 133,317 2,797,858 713,140 2,084,718 25% FY2008 269,079 49,536 219,543 3,066,937 762,676 2,304,261 25% FY2009 13,031 199,802 (186,771) 3,079,968 962,478 2,117,490 31% F12010 87,928 177,415 (89,487) 3,167,896 1,139,893 2,028,003 36% $ 3,167,896 $1,139,893 $ 2,028,003 *Represents 6 month period from January 1-June 30,1994 I n■ IAVulVUi-t'• r CITY OF ARROYO GRANDE Summary of Development Fees and Related Expenditures DRAINAGE FEES Underspent Fees Percent of Year Fees (Overspent) Cumulative Cumulative Over(Under) Fees Collected Collected Expended Fees Fees Expenditures Expenditures Expended FY 1989 $ 3,366 $ - $ 3,366 $ 3,366 $ - $ 3,366 0% FY 1990 2,116 - 2,116 5,482 - 5,482 0% FY 199i 1,895 - 1,895 7,377 - 7,377 0% FY 1992 4,985 31,980 (26,995) 12,362 31,980 (19,618) " 259% FY 1993 4,572 31,478 (26,906) 16,934 63,458 (46,524) ** 375% FY 1994 8,406 - 8,406 25,340 63,458 (38,118) *" 250% FY 1995 1,869 - 1,869 27,209 63,458 (36,249) ** 233% FY 1996 32,554 - 32,554 59,763 63,458 (3,695) ** 106% FY 1997 16,209 69,132 (52,923) 75,972 132,590 (56,618) ** 175% FY 1998 9,744 83,021 (73,277) 85,716 215,611 (129,895) ** 252% FY 1999 6,647 9,300 (2,653) 92,363 224,911 (132,548) ** 244% FY2000 2,958 4,079 (1,121) 95,321 228,990 (133,669) ** 240% FY 2001 5,607 - 5,607 100,928 228,990 (128,062) ** 227% FY2002 21,397 - 21,397 122,325 228,990 (106,665) ** 187% FY 2003 7,221 - 7,221 129,546 228,990 (99,444) ** 177% FY 2004 4,725 800 3,925 134,271 229,790 (95,519) ** 171% FY 2005 12,619 19,300 (6,681) 146,890 249,090 (102,200) ** 170% FY 2006 47 15,525 (15,478) 146,937 264,615 (117,678) ** 180% FY2007 - 10,600 (10,600) 146,937 275,215 (128,278) 187% FY2008 178 9,913 (9,735) 147,115 285,128 (138,013) 194% FY 2009 312 544 (232) 147,427 285,672 (138,245) 194% FY2010 21,975 32,076 (10,101) 169,402 317,748 (148,346) 188% $ 169,402 $ 317,748 $ (148,346) ** **This deficit was funded from fund balance accumulated before AB-1600 was enacted,and from interest earnings that are not subject to AB-1600 provisions. CITY OF ARROYO GRANDE Summary of Development Fees and Related Expenditures WATER NEUTRALIZATION FEES Underspent Fees Percent of Year Fees (Overspent) Cumulative Cumulative Over(Under) Fees Collected Collected Expended Fees Fees Expenditures Expenditures Expended FY 1999 $ 2,110 $ - $ 2,110 $ 2,110 $ - $ 2,110 0% FY 2000 19,688 - 19,688 21,798 - 21,798 0% FY 2001 142,962 - 142,962 164,760 - 164,760 0% FY 2002 319,654 - 319,654 484,414 - 484,414 0% FY 2003 208,921 10,000 198,921 693,335 10,000 683,335 1% FY 2004 109,398 113,890 (4,492) 802,733 123,890 678,843 15% FY2005 231,430 237,082 (5,652) 1,034,163 360,972 673,191 35% FY2006 181,152 350,005 (168,853) 1,215,315 710,977 504,338 59% FY 2007 206,676 88,080 118,596 1,421,991 799,057 622,934 56% FY 2008 130,454 64,987 65,467 1,552,445 864,044 688,401 56% FY 2009 9,930 168,392 (158,462) 1,562,375 1,032,436 529,939 66% FY2010 33,594 190,381 (156,787) 1,595,969 1,222,817 373,152 77% $ 1,595,969 $1,222,817 $ 373,152 CITY OF ARROYO GRANDE Comparative Statement of Revenues,Expenditures and Changes in Fund Balances Fiscal Years Ending June 30,2001-2010 Fire Protection FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Impact Fees $ 52,454 $ 67,936 $ 46,271 $ 44,861 $ 104,568 $ 86,450 $ 73,360 $ 15,741 $ 9,802 $ 18,263 Interest Income 1,437 2,767 3,395 2,537 5,276 6,150 13,060 248 120 125 Transfers in-operating 100,800 Total Revenues 53,891 70,703 49,666 47,398 109,844 92,600 187,220 15,989 9,922 18,388 Expenditures: Operating Expenses - 8,608 - - - - 409,465 Excess of Revenues Over Expenditures 53,891 62,095 49,666 47,398 109,844 92,600 (222,245) 15,989 9,922 18,388 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 53,891 62,095 49,666 47,398 (63,427) 85,395 (236,629) 3,417 7,200 12,009 Fund Balance,Beginning of Year 1,617 55,508 117,603 167,269 214,667 151,240 236,635 6 3,423 10,623 Fund Balance,End of Year $ 55,508 $ 117,603 $ 167,269 $ 214,667 $ 151,240 $ 236,635 $ 6 $ 3,423 $ 10,623 $ 22,632 CITY OF ARROYO GRANDE Comparative Statement of Revenues,Expenditures and Changes in Fund Balances Police Protection FY 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Impact Fees $ 7,032 $ 25,374 $ 6,741 $ 15,464 $ 10,588 $ 11,205 $ 12,980 $ 13,218 $ 515 $ 3,778 Interest Income 215 437 629 531 984 1,994 615 1,700 904 280 Total Revenues 7,247 25,811 7,370 15,995 11,572 13,199 13,595 14,918 1,419 4,058 Expenditures: Operating Expenses - - - - 4,802 - - - - - Excess of Revenues Over Expenditures 7,247 25,811 7,370 15,995 6,770 13,199 13,595 14,918 1,419 4,058 Other Financing Uses: Capital Transfers Out - - - - - 58,073 1,927 - - - Excess of Revenues Over (Under)Expendiutres and Other Financing Uses 7,247 25,811 7,370 15,995 6,770 (44,873) 11,669 14,918 1,419 4,058 Fund Balance,Beginning of Year 392 7,639 33,450 40.820 56,815 63,585 18,712 30,381 45,299 46,718 Fund Balance,End of Year $ 7,639 $ 33,450 $ 40,820 $ 56,815 $ 63,585 $ 18,712 $ 30,381 $ 45,299 $ 46,718 $ 50,776 r CITY OF ARROYO GRANDE Comparative Statement of Revenues,Expenditures and Changes in Fund Balances Fiscal Years Ending June 30,2001-2010 Community Center Fee 1=Y 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Impact Fees $ 1,503 $ 2,565 $ 2,883 $ 4,828 $ 8,361 $ 8,882 $ 8,779 $ 774 $ 728 $ 1,275 Interest Income 43 81 130 134 323 830 1,580 1,695 865 254 Total Revenues 1,546 2,646 3,013 4,962 8,684 9,712 10,359 2,469 1,593 1,529 - Expenditures: Operating Expenses - - - - - - - - 3,000 - Excess of Revenues Over Expenditures 1,546 2,646 3,013 4,962 8,684 9,712 10,359 2,469 (1,407) 1,529 Other Financing Uses: Capital Transfers Out - - - - - - - - - 6,082 Excess of Revenues Over (Under)Expendiutres and Other Financing Uses 1,546 2,646 3,013 4,962 8,684 9,712 10,359 2,469 (1,407) (4,553) Fund Balance,Beginning of Year - 1,546 4,192 7,205 12,167 20,851 30,563 40,922 43,391 41,984 Fund Balance,End of Year $ 1,546 $ 4,192 $ 7,205 $ 12,167 $ 20,851 $ 30,563 $ 40,922 $ 43,391 $ 41,984 $ 37,431 Capital Project Detail: ADA Improvements $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 6,062 $ - $ - $ - $ - $ - $ - $ - $ - $ - $ 6,082 CITY OF ARROYO GRANDE Comparative Statement of Revenues, Expenditures and Changes in Fund Balances Park Improvement Fl 00-01 FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Revenues: Impact Fees $ 25,993 $ 30,702 $ 31,126 $ 83,378 $ 149,138 $ 154,861 $ 118,152 $ 13,367 $ 12,514 $ 21,920 Interest Income 752 1,339 1,610 1,755 4,826 12,922 25,483 24,564 10,920 2,427 Total Revenues 26,745 32,041 32,736 85,133 153,964 167,783 143,635 37,931 23,434 24,347 Expenditures: _ Operating Expenses - - - - - - - - Excess of Revenues Over Expenditures 26,745 32,041 32,736 85,133 153,964 167,783 143,635 37,931 23,434 24,347 Other Financing Uses: Capital Transfers Out - - 8,418 - 1,319 8,263 14,263 101,618 174,427 77,817 Excess of Revenues Over (Under)Expendiutres and Other Financing Uses 26,745 32,041 24,318 85,133 152,645 159,520 129,372 (63,687) (150,993) (53,470) Fund Balance,Beginning of Year - 26,745 58,786 83,104 168,237 320,882 480,402 609,774 546,087 395,094 Fund Balance,End of Year $ 26,745 $ 58,786 $ 83,104 $ 168,237 $ 320,882 $ 480,402 $ 609,774 $ 546,087 $ 395,094 $ 341,624 Capital Project Detail: Park Equipment Installation $ - $ - $ 8,418 $ 1,319 $ - $ - $ - $ - $ - Turf Renovations 3,000 21,792 24,917 Park Improvements 263 3,051 7,591 2,455 23,832 Replacement pump&pipe 5,000 Fence Replacement 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 Picnic Table Replacement 4,263 Resurface courts 23,232 Replace fencing @ Porter Field 289 20,000 $ - $ - $ 8,418 $ - $ 1,319 $ 8,263 $ 14,263 $ 101,618 $ 174,427 $ 77,817 OFFICIAL CERTIFICATION I, KELLY WETMORE, City Clerk of the City of Arroyo Grande, County of San Luis Obispo, State of California, do hereby certify under penalty of perjury, that the attached Resolution No. 4325 is a true, full, and correct copy of said Resolution passed and adopted at a Regular meeting of the City Council /Redevelopment Agency of the City of Arroyo Grande on the 14 day of December 2010. WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 16 day of December 2010. "b / �� N KELLY ET RE, CITY CLERK