08c Status Report on Dev. Impact FeesMEMORANDUM
.TO: CITY COUNCIL
FROM: ANGELA KRAETSCH, DIRECTOR OF ADMINISTRATIVE SERVICES
SUBJECT: CONSIDERATION OF RESOLUTION ACCEPTING THE STATUS
REPORT ON DEVELOPMENT IMPACT FEES (AB-1600)
DATE: JANUARY 10,2012
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 30,201 1.
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 I-~nexpended fees at
year-end. These findings must:
1. ldentify the purpose for the fee;
2. Demonstrate a reasonable relationship between the fee and the purpose for
which it was charged;
3. ldentify all sources and amol-~nts of funding anticipated to complete financing
of incomplete improvements;
Agenda Item 8.c.Page 1
CITY COUNCIL
CONSIDERATION OF REPORT ON DEVELOPMENT IMPACT FEES (AB-1600)
JANUARY 10,2012
PAGE 2
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 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, 201 1
(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.
Agenda Item 8.c.Page 2
CITY COUNCIL
CONSIDERATION OF REPORT ON DEVELOPMENT IMPACT FEES (AB-1600)
JANUARY 10,2012
PAGE 3
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
constn~ction 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 lmpact (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 lmpact fees,
when a project serves both new and existiqg development, only the portion
related to new development is charged against this fund.
Water Neutralization lmpact 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 lmpact 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 21 1)
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.
Agenda Item 8.c.Page 3
CITY COLlNClL
CONSIDERATION OF REPORT ON DEVELOPMENT IMPACT FEES (AB-1600)
JANUARY 10,201 2
PAGE 4
Park lmprovement Fund (Fund 214)
This impact fee resulted from the lmpact 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 21 5)
The lmpact Fee Study of March 2000 instituted the Recreation Community
Center Fee. The fee was enacted to ensure community center facilities be
maintained at 542 square feet per thousand population.
The City utilizes fund accounting to segregate Development lmpact 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 lmpact Fees collected
between January 1989 and June 30, 201 1 remained unexpended. It was determined
that a majority of the Drainage Facility Fees had been expended. Sufficient funds have
been accumulated in the Traffic Signalization Fund to fund two traffic signals and
various upgrades. The Transportation Facility lmpact Fund has accumulated
$2,770,287. The Capital lmprovement Program includes $134,000 for the Le Point
Street Parking lot, $947,777 for the Brisco Road11 01 Interchange, and $393,388 for the
El Camino Real rehab project. The Water Neutralization Fund has accumulated
$421,764 in impact fees. The Capital lmprovement Program includes $45,000 for a
central irrigation system and an additional $181,100 is budgeted in operating
expenditures related to water conservation. The Fire Protection lmpact Fund ended the
year with a $43,963 fund balance. The Police Facilities lmpact Fund has a balance of
$63,575. The Community Center and Park lmprovement lmpact 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.
Agenda Item 8.c.Page 4
CITY COUNCIL
CONSIDERATION OF REPORT ON DEVELOPMENT IMPACT FEES (AB-1600)
JANUARY 10,2012
PAGE 5
ADVANTAGES:
By accepting the status report on Development lmpact Fees, the City will be complying
with Government Code Sections 66000 et seq. that requires local agencies to provide an
accounting of impact fees imposed on development projects.
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 5,2012. The agenda
and report were posted on the City's website on Friday, January 6, 2012. No public
comments were received.
Attachments:
Attachment A - Traffic Signalization Fund history for a ten year period from
Fiscal Year 2001-02 through Fiscal Year 201 0-1 1.
Attachment B - Ten year history for Fiscal Year 2001-02 through Fiscal Year
2010-1 1 for the Transportation Facility lmpact Fund.
Attachment C - The Drainage Facility Fund history for a ten year period from
Fiscal Year 2001-02 through Fiscal Year 2010-1 1.
Attachment D- Ten year history for Fiscal Year 2001-02 through Fiscal Year
2010-1 1 for the Water Neutralization lmpact Fund.
Attachment E - The Fire Protection Fund history for a ten year period from
Fiscal Year 2001-02 through Fiscal Year 201 0-1 1.
Attachment F - Ten year history for Fiscal Year 2001-02 through Fiscal Year
201 0-1 1 for the Police Protection Fund.
Attachment G - The Community Center Fund history for a ten year period
from Fiscal Year 2001-02 through Fiscal Year 201 0-1 1.
Attachment H - Ten year history for Fiscal Year 2001-02 through Fiscal Year
201 0-1 1 for the Park Improvement Fund.
Agenda Item 8.c.Page 5
RESOLUTION NO.
A RESOLUTION OF THE ClTY COLlNClL OF THE ClTY 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, 2001 and June 30, 201 1 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 201 2.
Agenda Item 8.c.Page 6
RESOLUTION NO.
PAGE 2
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
Agenda Item 8.c.Page 7
ATTACHMENTS
A-H.
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ATTACHMENT A
CIN OF ARROYO GRANDE
Traffic Signalization Fund
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30.2002-201 1
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 FY 10-1 1
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Traffic Signal Assessments $110,055 $ 24,519 $ 94,817 $ 67.189 $ 62,842 $ 86,169 $ 97,803 $ 3,602 $ 30.709 $ 96,409
Interest Income 14,591 9,279 6,706 11,147 21,649 24,705 18.464 8,359 2,513 2,479
Total Revenues 124,646 33,798 $101,523 $ 78,336 $ 84,491 $110,874 $116,267 $ 11,961 $ 33,222 $ 98,888
Expenditures:
Operating Expenses
Excess of Revenues Over
Expenditures 124,646 33,798 101,523 78,336 84,491 110,874 116,267 11,961 33,222 98.888
Other Financing Uses:
Capital Projects ,136,889 13,282 169.672 313.851 61,795 13,926 57,572
Excess of Revenues Over
(Under) Expenditures and
Other Financing Uses (12,243) 33,798 101,523 65,054 (85.180) (202,977) 54,472 (1,965) (24,350) 98,888
Fund Balance, Beginning of Year 465,141 452.898 486,696 588,219 653,273 568,092 365.116 419,588 417,623 393,273
Fund Balance, End of Year $452,898 $ 486,696 $588,219 $653,273 $568.092 $365,116 $419,588 $ 417,623 $ 393,273 $ 492,161
Capital Project Detail
Optiwrn Devices $ - $ - $ - $ - $ - $ - $ - $ - $-$-
Traffic Loop-Fair Oaks/Halcyon
Grand Avenue Conidor Study
Fair OaksNalley Traffic Signal
Grand/Halcyon Traffic Signal 13,282 137,135 29,190
Fair Oaks AveNalley Rd Rewnst 136,889
Fair OakslHalcyon Rd Traffic Signal 8,905 13,926 57,572
West Branch SffCamino Mercado 32,537
West Branch Traffic Signal 284,661 52,890
Total Capital Projects
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ATTACHMENT B
CINOF ARROYO GRANDE
Transportation Facility Impact Fee
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years End~ng June 30, 2002-201 1
FY 01 -02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 PI 08-09 FY 09-1 0 FY 10-11
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Transportation Impact Fees $ 261,625 $ 68,836 $ 258,987 $ 171,926 $ 172.840 $ 236,436 $ 269,079 $ 13,031 $ 87,928 $ 267,489
Interest income 55,846 38,697 26,058 40,565 57,246 64,353 116,192 58,888 16,824 15,937
Total Revenues 317,471 107,533 285,045 212,491 230,086 300,789 385,271 71,919 104,752 283,426
Expenditures:
Operating Expenses
Excess of Revenues Over
Expenditures 317,471 107,533 285,045 212,491 230,086 300,789 385,271 71,919 104,752 283,426
Other Financing Uses:
Capital Projects 237,490 62,013 39.798 44,702 93,288 103,120 49,536 199,802 177,415 253,718
Excess of Revenues Over
(Under) Expenditures and
Other Financing Uses 79,981 45,520 245,247 167,789 136,798 197,669 335,735 (1 27.883) (72,663) 29,708
Fund Balance, Beginning of Year 1,732,386 1.81 2,367 1,857,887 2,103,134 2,270,923 2,407.721 2,605,390 2,941,125 2,813,242 2,740,579
Fund Balance, End of Year
Capital Project Detail:
Brisco Road11 01 Interchange
Pavement Mgmt Project
El Campo RoadlRoute 101 Alt.
Oak Park Boulevard Widening
Infrastructure Inventory
Traftic Count Progrrraftic Model
Brisco Road Pavement Rehab
Grand Avenue 8 Halcyon Signal
East Branch Streetscape
Traftic Way Streetscape 40,000
Total Capital Projects
'$1,475,165 will be used to finance Brisco Rd-Halcyon1 Route 101 interchange. the El Camino Real Rehab. and Le Point Parking lot
as detailed in the Capital Improvement program within the budget for N 2011-12.
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ATTACHMENT C
Revenues:
Drainage Fees
Interest Income
CIN OF ARROYO GRANDE
Drainage Facility Fees
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30, 2002-201 1
FY 01-02 PI 02-03 PI 03-04 PI 04-05 PI 05-06 PI 06-07 FY 07-08 PI 08-09 PI 09-10 FY 10-1 1
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Total Revenues 22,287 7,736 5,088 13,353 881 453 1,024 544 22,137 7
Expenditures:
Operating Expenses 1,575
Excess of Revenues Over
Expenditures 22,287 7,736 5,088 1 3,353 88 1 453 1,024 544 22,137 (1,568)
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 22,287 7,736 4,288 (5.947) (14,644) (1 0,147) (8,889) 544 (9,939) (1,568)
Fund Balance, Beginning of Year 16,739 39,026 46,762 51,050 45,103 30,459 20,312 11,423 11,967 2,028
Fund Balance, End of Year $ 39,026 $ 46,762 $ 51,050 $ 45,103 $ 30,459 $ 20,312 $ 11,423 $ 11.967 $ 2.028 $ 460
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 Imprv 800 19.300 11,150 8,750
st& water study - 4,375 9,600
Total Capital Projects
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ATTACHMENT D
CITY OF ARROYO GRANDE
Water Neutralization Fees
Comparative Statement of Revenues. Expenditures
and Changes In Fund Balances
Fiscal Years Ending June 30, 2002-201 1
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Water Neutralization Fee $319,654 $208,921 $109.398 $231,430 $ 181,152 $206,676 $ 130,454 $ 9,930 $ 33,594 $ 85,473
Interest Income 10,731 13,730 10,333 16,293 27,365 30,300 34,865 16,379 3,789 2,761
Total Revenues 330,385 222,651 119,731 247,723 208,517 236,976 165,319 26,309 37,383 88,234
Expenditures:
Operat~ng Expenses 16,638 8,259 79,598 190,381 197,568
Excess of Revenues Over
Expenditures 330,385 222,651 103,093 239,464 208,517 236,976 165,319 (53,289) (152,998) (109,334)
Other Financing Uses:
Capital Projects 10,000 97,252 228,823 350,005 88,080 64,987 88,794 11,325
Excess of Revenues Over
(Under) Expenditures and
Other Financing Uses 330.385 212,651 5,841 10.641 (141,488) 148,896 100,332 (142,083) (152,998) (120,659)
Fund Balance, Beginning of Year 170,246 500,631 713,282 719,123 729,764 588,276 737,172 837,504 695,421 542,423
Fund Balance, End of Year $500,631 $713,282 $719,123 $ 729,764 $ 588,276 $ 737.172 $ 837,504 $695,421 $542.423 $421,764
Capital Project Detail:
Water Conservation Program $ - $ 10,000 $ 97,252 $ 228,823 $ 350,005 $ 88,080 $ 64,987 $ 88,794 $ - $ -
Short Street Bathroom Retrofit 11,325
Total Capital Projects $ - $ 10,000 $ 97,252 $ 228,823 $ 350,005 $ 88,080 $ 64,987 $ 88,794 $ - $ 11,325
$181,100 of this fund balance is to be used to finance the Water Conservation Program and $45,000 is budgeted for the Central Irrigation system.
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CITY OF ARROYO GRANDE
Fire Protection Fee
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30. 2002-201 1
PI 01-02 PI 02-03 PI 03-04 FY 04-05 FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-1 0 FY 10-1 1
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Impact Fees $ 67,936 $ 46,271 $ 44,861 $ 104,568 $ 86,450 $ 73,360 $ 15,741 $ 9,802 $ 18,263 $ 21,150
Interest Income 2,767 3,395 2,537 5,276 6,150 13,060 248 120 125 180
Transfers In - operating 100,800
Total Revenues 70,703 49,666 47,398 109,844 92,600 187,220 15,989 9,922 18,388 21,330
Expenditures:
Operating Expenses 8,608 409,465
Excess of Revenues Over
Expenditures 62,095 49,666 47,398 109,844 92,600 (222,245) 15,989 9.922 18,388 21,330
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 62,095 49,666 47,398 (63,427) 85.395 (236.629) 3,417 7.200 12,009 21,331
Fund Balance, Beginning of Year 55,508 1 17.603 167,269 214,667 151.240 236.635 6 3,423 10,623 22,632
Fund Balance, End of Year $ 117,603 $ 167,269 $ 214,667 $ 151,240 $ 236,635 $ 6 $ 3,423 $ 10,623 $ 22,632 $ 43,963
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ATTACHMENT F
CINOF ARROYO GRANDE
Police Protection Fee
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30.2002-201 1
FY 01-02 FY 02-03 FY 03-04 FY 04-05 FY 05-06 FY 06-07 FY 08-09 . FY 09-10 FY 10-11 FY 07-08
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues'
Impact Fees $ 25,374 $ 6,741 $ 15,464 $ 10.588 $ 11,205 $ 12,980 $ 13,218 $ 515 $ 3,778 $ 12.479
Interest Income 437 629 531 984 1,994 61 5 1,700 904 280 320
Total Revenues 25.81 1 7,370 15,995 11,572 13,199 13,595 14,918 1.419 4,058 12,799
Expenditures:
Operating Expenses 4,802 . -
Excess of Revenues Over
Expenditures 25,811 7,370 15,995 6,770 13.199 13,595 14,918 1,419 4.058 12,799
Other Financing Uses:
Capital Transfers Out 58,073 1,927
Excess of Revenues Over
(Under) Expendiutres and
Other Financing Uses 25,811 7,370 15,995 6,770 (44,873) 11,669 14,918 1,419 4,058 12,799
Fund Balance, Beginning of Year 7,639 33.450 40,820 56.815 63,585 18.712 30.381 45,299 46,718 50,776
Fund Balance, End of Year $ 33,450 $ 40,820 $ 56,815 $ 63,585 $ 18,712 $ 30,381 $ 45,299 $ 46,718 $ 50.776 $ 63.575
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ATTACHMENT G
CIN OF ARROYO GRANDE
Community Center Fee
Comparative Statement of Revenues. Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30,2002-201 1
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 09-1 0 FY 10-1 1
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Revenues:
Impact Fees $ 2,565 $ 2,883 $ 4,828 $ 8,361 $ 8,882 $ 8.779 $ 774 $ 728 $ 1,275 $ 1.420
Interest Income 81 130 1 34 323 830 1.580 1,695 865 254 209
Expense Recovery 6,082
Total Revenues
Expenditures:
Operating Expenses 3,000
Excess of Revenues Over
Expenditures 2,646 3,013 4,962 8,684 9.712 10.359 2,469 (1.407) 1,529 7,711
Other Financing Uses:
Capital Transfers Out 6,082
Excess of Revenues Over
(Under) Expendiutres and
Other Financing Uses 2,646 3,013 4,962 8,684 9,712 10.359 2,469 (1,407) (4,553) 7,711
Fund Balance, Beginning of Year 1,546 4,192 7,205 12,167 20,851 30,563 40,922 43,391 41,984 37,431
Fund Balance. End of Year $ 4.192 $ 7,205 $ 12,167 $ 20.851 $ 30,563 $ 40,922 $ 43,391 $ 41,984 $ 37,431 ' $ 45,142
Capital Project Detail:
ADA Improvements $ $ $ - $ $ $ $ - $ - $ 6,082 $
$15,000 of the fund balance is budgeted for the Elm Street roof replacement in FY 201 1-12
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ATTACHMENT H
Revenues:
Impact Fees
Interest Income
CITY OF ARROYO GRANDE
Park Improvement Fee
Comparative Statement of Revenues, Expenditures
and Changes in Fund Balances
Fiscal Years Ending June 30,2002-201 1
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 09-1 0 FY 10-1 1
Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual
Total Revenues 32,041 32,736 85,133 153,964 167,783 143,635 37,931 23,434 24,347 26.584
Expenditures:
Operating Expenses
Excess of Revenues Over
Expenditures 32,041 32.736 85,133 153,964 167.783 143,635 37,931 23.434 24,347 26,584
Other Financing Uses:
Capital Transfers Out 8,418 1.319 8,263 14,263 101,618 174,427 77,817 20,192
Excess of Revenues Over
(Under) Expendiutres and
Other Financing Uses 32,041 24,318 85,133 152,645 159,520 129,372 (63,687) (1 50,993) (53,470) 6,392
Fund Balance, Beginning of Year 26,745 58,786 83.1 04 168.237 320,882 480,402 609,774 546,087 395,094 341,624
Fund Balance, End of Year $ 58,786 $ 83.104 $ 168,237 $ 320,882 $ 480,402 $ 609,774 $ 546.087 $ 395,094 $ 341,624 ' $ 348,016
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
Replacement pump 8 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
Soto Pond Fence Replacement 5,628
' $31 1,439 of the fund balance is budgeted for Park Improvements, Resurface Courts, Replacement lighting, and a Central Irrigation System in M 201 1-12
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