CC - Item 5E - Adoption of Resolution No. 2021-62 to Receive and Fille the Annual Report on Development Impact Fees for Fiscal Year Ended June 30, 2021ROSEMEAD CITY COUNCIL
STAFF REPORT
TO: THE HONORABLE MAYOR AND CITY COUNCIL
FROM: GLORIA MOLLEDA, CITY MANAGER �"bt %t
DATE: DECEMBER 14, 2021
SUBJECT: ADOPTION OF RESOLUTION NO. 2021-62 TO RECEIVE AND FILE THE
ANNUAL REPORT ON DEVELOPMENT IMPACT FEES FOR FISCAL
YEAR ENDED JUNE 30, 2021
SUMMARY
In accordance with Section 66006 of California Government Code, the City is required to annually
report on the status of Development Impact Fees, including the collection of revenue and
expenditure of these funds, within 180 days after the end of the fiscal year. This report summarizes
the required financial information for Fiscal Year 2020-21.
DISCUSSION
State law, commonly referred to as AB 1600 or the Mitigation Fee Act (Government Code Section
66000 et seq.), governs the imposition, collection, and use of development impact fees. The
Mitigation Fee Act,codifies the legal requirement that fees on new development must have the
proper nexus to any project on which they are imposed. In addition, the Mitigation Fee Act
imposes certain accounting and reporting requirements with respect to the fees collected. The fees,
for accounting purposes, must be segregated from the general funds of the City and from other
funds or accounts containing fees collected for other improvements. Interest on each development
fee fund or account must be credited to that fund or account and used only for the purposes for
which the fees were collected.
Government Code Section 66006 contains comprehensive annual reporting requirements for
development impact fees. This statute requires that, within 180 days after the close of the fiscal
year, the City must make available to the public the following information regarding each fund or
account: a description of the fee type, the amount of the fee, beginning and ending balances, fee
and interest income, expenditures funded by the fee by improvement, a description of interfund
loans or transfers, and certain refunds.
AGENDA ITEM 5.E
City Council Meeting — FY 2021 Development Impact Fee Report
December 14, 2021
Page 2 of 2
This report must also be reviewed by the City Council at a regularly scheduled public meeting not
less than 15 days after the information is made available to the public. In addition, a notice of the
time and place of the meeting shall be mailed at least 15 days prior to the meeting to any interested
party who files a written request with the local agency for such a mailed notice.
STAFF RECOMMENDATION
That the City Council adopt Resolution No. 2021-62 to receive and file the Annual Report of
Development Impact Fees for FY 2020-21.
FISCAL IMPACT
None
PUBLIC NOTICE PROCESS
This item has been noticed through the regular agenda notification process and has also been
available for public review in the City Clerk's Office at City Hall and on the City's website since
November 28, 2021.
Prepared by:
Paula Chamberlain, Interim Finance Director
Attachment A: Resolution No. 2021-62 with Annual Development Fee Report — FY 2020-21
Attachment A
Resolution No. 2021-62
RESOLUTION NO. 2021-62
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA, REGARDING THE ANNUAL REPORT ON
DEVELOPMENT IMPACT FEES AS OF JUNE 30, 2021.
WHEREAS, Government Code Sections 66000 regulate the imposition, collections,
maintenance, expenditure and reporting of impact fees imposed on developers for the purpose of
defraying costs of public facilities; and
WHEREAS, the City of Rosemead ("City") has established four impact fees to be
collected from developers that are subject to Government Code Sections 66000 requirements.
Those funds are the Traffic Impact Fee (Fund 250), the Public Safety Impact Fee (Fund 251), the
General Governmental Impact Fee (Fund 252), and the Parks Impact Fee (Fund 253); and
WHEREAS, the City has prepared an annual report for FY 2020-21 in accordance with
Government Code Section 66006 reflecting the beginning and ending balances in each separate
fund containing impact fees, the amount of fees collected and the interest earned for the year, the
amount of expenditures and refunds made in the year and a description of the type of fees; and
WHEREAS, a copy of the annual report has been on file and available for review in the
City Clerk's office at City of Rosemead City Hall and on the City's webpage since November 28,
2021; and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD,
DOES HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
SECTION 1. That the City Council of the City of Rosemead accepted the attached Annual
Report on Development Impact Fees for Fiscal Year Ended June 30, 2021,
SECTION 2. The City Clerk shall certify to the adoption of this resolution and hereafter
the same shall be in full force and effect.
PASSED, APPROVED, AND ADOPTED this 14th day of December, 2021.
Polly Low, Mayor
APPROVED AS TO FORM: ATTEST:
Rachel Richman, City Attorney Ericka Hernandez, City Clerk
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF ROSEMEAD
I, Ericka Hernandez, City Clerk of the City Council of the City of Rosemead, California, do hereby
certify that the foregoing City Council Resolution No. 2021-62 was duly adopted by the City
Council of the City of Rosemead, California, at a regular meeting thereof held on the 14th day of
December, 2021, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Ericka Hernandez, City Clerk
ANNUAL DEVELOPMENT
IMPACT FEE REPORT
64,
/��pORA7E0 �%
Fiscal Year Ended June 30, 2021
City Council
Sean Dang John Tang Polly Low Sandra Armenta Margaret Clark
Executive Team
City Manager—Gloria Molleda
City Clerk......................................................................................Ericka Hernandez
City Attorney.............................................................................. Rachel H. Richman
Assistant City Manager................................................................................. Vacant
Chief of Police (LA County Sheriff's Dept) ..................................................... Vacant
Director of Community Development.......................................................... Vacant
Director of Finance (Interim)..................................................... Paula Chamberlain
Director of Parks & Recreation.................................................... Thomas Boecking
Director of Public Works..................................................................Michael Chung
Table of Contents
Letter of Transmittal
INTRODUCTION
Legal Requirements for Development Impact Fee Reporting............................................................... 4
California Government Code Section 66001(d).....................................................................................
4
AdditionalNotes.....................................................................................................................................
5
Establishing a Reasonable Relationship Between the Fee and Purpose ................................................
5
Fundingof Infrastructure.......................................................................................................................
5
RESPONSE TO THE REPORTING REQUIREMENTS
Description of Development Impact Fees.............................................................................................
6
CurrentFee Schedule............................................................................................................................ 6
Beginning and Ending Balance of the Funds......................................................................................... 7
The Amount of Fees Collected and Interest Earned.............................................................................. 8
Identification of Each Public Improvement............................................................................................ 8
Identification of Approximate Date Construction is to Commence.......................................................
8
Description of InterFund Transfers or Loans..........................................................................................
8
Amount of Refunds Due to Sufficient Funding.......................................................................................
8
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FINANCIAL SUMMARIES
Combined Summaries at June 30, 2021, Last Five Fiscal Years, Revenue by Year .................................
9
TrafficImpact Fee Fund........................................................................................................................
10
Public Safety Impact Fee Fund.............................................................................................................
10
General Government Impact Fee Fund................................................................................................
11
ParksImpact Fee Fund.........................................................................................................................
11
The Honorable Mayor, Members of the City Council and Residents of Rosemead,
City Council approved the establishment of Development Impact Fees through the enactment of
Government Code Sections 66001 through 66009. Ordinance No. 949 established Development Impact
Fees for Traffic, Public Safety, General Government, and Parks, while Resolution No. 2015-17 approved
the final draft Development Impact Fee (DIF) Study and set the impact fees. The DIF Study provided a
detailed study of the impacts of future growth on local facilities and provided the analysis and support for
the DIFs imposed by the City. The fees established were approved with a 3 -year phase in approach with
current fees becoming effective on July 1, 2017. The fees have not been adjusted since 2017 but are
currently under review within the Comprehensive Fee Study authorized due to be finalized in FY 2021-22.
DIFs are charged by local governmental agencies in connection with approval of development projects.
The purpose of these fees is to defray all or a portion of the cost of public facilities related to the
development project. The legal requirements for enactment of a DIF program are set forth in Government
Code Sections 66000-66025 (the "Mitigation Fee Act"), the bulk of which was adopted as 1987's AB 1600
and thus commonly referred to as "AB 1600 requirements".
In Rosemead, DIFs are collected at the time a building permit is issued for the purpose of mitigating the
impacts caused by new development on the City's infrastructure. Fees are to be used to finance the
acquisition, construction and improvement of public facilities needed as a result of this new development.
A separate fund has been established to account for the impact of new development on each of the
following types of public facilities: Traffic, Public Safety, General Government, and Parks.
State law requires any local agency that imposes development impact fees to prepare and make available
an annual report providing specific information about those fees within 180 days after the last day of each
fiscal year. Therefore, in accordance with the provisions of the California Government Code Section 66006
(b) and 66001 (d), as amended by Assembly Bill (AB) 518 and Senate Bill (SB) 1693, 1 hereby submit the
Development Impact Fee (DIF) Report for the City of Rosemead, California for the fiscal year (FY) ended
June 30, 2021. The City Council must review the annual report at a regularly scheduled public meeting
not less than fifteen days after the information is made available to the public. This report was filed with
the City Clerk's office and available for public review on November 29, 2021.
Respectfully submitted,
Paula Chamberlain, Interim Finance Director
Introduction
LEGAL REQUIREMENTS FOR DEVELOPMENT IMPACT FEE REPORTING
A. CALIFORNIA GOVERNMENT CODE SECTION 66006 (b)
California Government Code Section 66006 (b) defines the specific reporting requirements for local
agencies that impose AB 1600 DIFs on new development. Annually, for each separate fund established
for the collection and expenditure of DIFs, the local agency shall, within 180 days after the last day of
each fiscal year, make available to the public the information shown below for the most recent fiscal
year. The applicable page numbers for the location where each item can be found in the report are
provided for reference.
1) A brief description of the type of fee in the account or fund. (pg 6)
2) The amount of the fee. (pg 7)
3) The beginning and ending balance of the account or fund. (pgs 7 & 9-11)
4) The amount of the fees collected and interest earned. (pg 8)
5) An identification of each public improvement on which fees were expended and the amount of
expenditures on each improvement, including the total percentage of the cost of the public
improvement that was funded with fees. (pg 8)
6) An identification of an approximate date by which the construction of the public improvement
will commence if the local agency determines that sufficient funds have been collected to
complete financing on an incomplete public improvement. (pg 8)
7) A description of each interfund transfer or loan made from the account or fund, including the
public improvement on which the transferred or loaned fees will be expended, and, in the case of
an interfund loan, the date on which the loan will be repaid and the rate of interest that the
account orfund will receive on the loan. (pg 8)
8) The amount of refunds made due to sufficient funds being collected to complete financing on
incomplete public improvements, and the amount of reallocation of funds made due to
administrative costs of refunding unexpended revenues exceeding the amount to be refunded.
(pg 8)
B. CALIFORNIA GOVERNMENT CODE SECTION 66001 (d)
For all funds established for the collection and expenditure of DIFs, California Government Code
Section 66001(d) has additional requirements. For the fifth fiscal year following the first deposit into
the fund and every five years thereafter, the local agency shall make all of the following findings with
respect to that portion of the fund remaining unexpended, whether committed or uncommitted:
1) Identify the purpose to which the fee is to be put.
2) Demonstrate a reasonable relationship between the fee and purpose for which it is charged.
3) Identify all sources and amounts of funding anticipated to complete financing in incomplete
improvements.
FY 2021 Development Impact Fee Report 4 City of Rosemead
4) Designate the approximate dates on which the funding is expected to be deposited into the
appropriate account or fund.
Rosemead has now been collecting these fees for five years, therefore, this required information will
be reported in the FY 2021-22 Development Impact Fee Report.
C. CALIFORNIA GOVERNMENT CODE SECTION 66002
The State of California Government Code Section 66002 states that local agencies that have developed
a fee program may adopt a CIP indicating the approximate location, size, time of availability, and
estimates of cost for all facilities or improvements to be finance with the fees. The capital
improvement plan is to be adopted by, and annually updated by, a resolution of the governing body
of the local agency adopted at a noticed public hearing. Notice of the hearing is to be given pursuant
to Section 65090. This section also defines the meaning of "facility" or "improvement" as used in this
section which includes all capital projects identified in the capital facilities plan adopted pursuant to
Section 66002.
The City's current, adopted Capital Improvement Program can be found on the City's website at
www.cityofrosemead.org.
D. ESTABLISHING A REASONABLE RELATIONSHIP BETWEEN THE FEE AND THE PURPOSE FOR WHICH IT
IS CHARGED
The DIF Program sets forth the relationship between contemplated future development, facilities
needed to serve future development and the estimated costs of those improvements based on the
current General Plan for build -out. The City's current DIF Program has been in effect since FY 2016-
17 based on the Development Fee Study which evaluated future growth in relation to future
infrastructure needs. As provided in Resolution No. 2015-07, fees are to be adjusted annually each
fiscal year beginning on July 1, 2018 by a percentage equal to the percentage increase, if any, in the
Engineering News Record (ENR) Construction Price Index for the Los Angeles County Area. While fees
have not been updated since July 1, 2017, a comprehensive review of Development Impact Fees is
underway and due for completion in FY 2021-22.
E. FUNDING OF INFRASTRUCTURE
The Capital Improvement Program (CIP) identifies all funding sources and amounts for individual
projects. The CIP is updated annually to reflect the current infrastructure needs of the City. As a CIP
project is identified, the project is evaluated to determine the portion of the project that will serve
existing residents and businesses versus new development. Once the determination of use is made,
the percentage of use attributable to new development is then funded by the appropriate
development impact fee based on the type of project. The percentage of use associated with existing
residents or businesses are funded from other appropriate sources as identified on each individual
project sheet in the CIP. Since the DIF program is still relatively new with limited resources, no projects
approved to date have utilized DIF funding; however, potential projects are currently under review
for possible budget modifications for FY 2021-22 or inclusion in the FY 2022-23 CIP.
FY 2021 Development Impact Fee Report 5 City of Rosemead
Response to the Reporting Requirements
1) DESCRIPTION OF DEVELOPMENT IMPACT FEES
a) Traffic Facilities —Fund 250—The purpose of the Traffic Impact Fee is to fund the share of roadway
improvement costs allocated to new development. The fee is based on the projected vehicle trip
growth in Rosemead and the roadway improvements that have been identified to accommodate
additional traffic. The revenue is to fund the share of roadway improvement costs allocated to
new development.
b) Public Safety Facilities — F251— The purpose of the Public Safety Impact fee is to fund the public
safety facilities needed to serve new development. The fee is based on the existing facility
standard in the City of Rosemead. This fee will allow the City to maintain its current level of
facilities per capita as growth occurs. The fee revenue can be used to expand existing public safety
facilities, construct new facilities, and purchase additional vehicles and equipment to
accommodate additional development and the corresponding demands for services.
c) General Government Facilities — F252 —The purpose of the General Government Impact fee is to
fund the general government facilities needed to serve new development. The fee is based on
the existing facility standard in the City of Rosemead. This fee will allow the City to maintain its
current level of facilities per capita as growth occurs. The fee revenue can be used to expand
existing general government facilities, construct new facilities, and purchase additional vehicles
and equipment to accommodate additional development and the corresponding demands for
services.
d) Park Facilities — Fund 253 — The purpose of the Park Impact fee is to generate revenue to expand
the City's park facilities to accommodate new residential development and the increases in
population that result. The fee is based on the City's existing standard of park acreage per 1,000
residents. The fee is charged under the Mitigation Fee Act, and only applies to residential
development. The revenue may be used to purchase park land, develop new parks, or develop
improvements at exiting parks that expand their capacity to accommodate additional usage
resulting from population increased related to new development.
2 CURRENT FEE SCHEDULE
The current fees were approved by Resolution No. 2015-07 on June 9, 2015. The fees, as adopted
provided for a 3 -year phase in with final fees established as of July 1, 2017. Although a fee escalation
based on the percentage change equal to the percentage increase, if any, in the Engineering News
Record (ENR) Construction Price Index for the Los Angeles County Area was included in the fee
adoption, the fees have not been increased since reaching the final phased in amount. A new fee
study, including Development Impact Fees, is currently underway; however, until the study is
completed, and new fees adopted by the City Council, the fees, as of July 1, 2017, are as follows:
FY 2021 Development Impact Fee Report 6 City of Rosemead
Type
Single Use Mixed Use
Zones Zones
Type
Single Use
Zones
Mixed Use
Zones
Residential
Single Family
Nonresidential
Single Family Multi Family
$ 1,024
Single Family
$ 6,500 $ 6,388
Retail
$ 1,365
$ 1,242
Multi -family
$ 5,197 $ 5,126
Office
$ 1,997
$ 1,812
844
4,318
Industrial
$ 1,250
$ 1,127
Fees are expressed per dwelling unit for residential
Fees are expressed per
1,000 sq ft of floor area
for nonresidential
These fees are further defined on pages 6, 25, 31, 35, and 43 in Attachment "A" of the April 2015
Development Impact Fee Study with Park Development Impact Fees modified by the City Council upon
adoption. The fees by type are as follows:
Fund # Fund Description
250 Traffic
251 Public Safety
252 General Government
253 Parks
Fund # Fund
Residential
Residential Fees
per Dwelling Unit
Beginning
Single Use
Mixed Use
Single Family
Multi Family
Single Family Multi Family
$ 1,024
$ 634
$ 912
$ 563
145
121
145
121
1,013
844
1,013
844
4,318
3,598
4,318
3,597
$ 6,500
$ 5,197
$ 6,388 $
5,125
Totals
Non -Residential
398,661
Non -Residential Fees per 1,000 SF of Floor Area
Single Use I Mixed Use
on Retail Office Industrial
Retail Office Industrial
250 Traffic $ 1,136 $ 1,690 $ 1,137 $ 1,013 $ 1,505 $ 1,014
251 Public Safety 29 39 14 29 39 14
252 General Governmer 200 268 99 200 268 99
253 Parks - - - - - -
$ 1,365 $ 1,997 $ 1,250 $ 1,242 $ 1,812 $ 1,127
3 BEGINNING AND ENDING BALANCE OF THE FUND(S
FY 2021 Development Impact Fee Report 7. City of Rosemead
Beginning
Ending
Fund
Fund Balance
Fund Balance
No.
Impact Fee Fund
7/01/2020
6/30/2021
250
Traffic
41,291
53,157
251
Public Safety
7,357
9,039
252
General Government
52,200
63,950
253
Parks
218,836
272,515
Totals
319,685
398,661
FY 2021 Development Impact Fee Report 7. City of Rosemead
4 THE AMOUNT OF FEES COLLECTED AND INTEREST EARNED
FY 2020-21
Cummulative
Fees Interest Total
Collected Earned Revenue
51,994
Fees
Interest
Total
205
Collected
Earned
Revenue
Traffic
11,809
56
11,866
Public Safety
1,672
10
1,682
General Government
11,682
68
11,750
Parks
53,395
284
53,679
Total
78,559
418
78,976
Cummulative
Fees Interest Total
Collected Earned Revenue
51,994
1,163
53,157
8,834
205
9,039
62,493
1,457
63,950
266,400
6,115
272,515
389,721
8,940
398,661
5 IDENTIFICATION OF EACH PUBLIC IMPROVEMENT ON WHICH IMPACT FEES WERE SPENT
No improvements have been made using Development Impact Fees to date.
6 IDENTIFICATION OF APPROXIMATE DATE BY WHICH THE CONSTRUCTION WITH COMMENCE
No improvements utilizing Development Impact Fees have been initiated to date.
7 DESCRIPTION OF INTERFUND TRANSFERS OR LOANS MADE FROM DEVELOPMENT IMPACT FEE FUNDS
No transfers or loans of Development Improvement Fee funds have occurred.
8 AMOUNT OF REFUNDS MADE DUE TO SUFFICIENT FUNDS BEING COLLECTED TO COMPLETE PUBLIC
IMPROVEMENTS
No refunds from Development Improvement Fee funds due to sufficient funding have occurred.
FY 2021 Development Impact Fee Report 8 City of Rosemead
Statement of Revenue, Expenditures and Fund Balances
Combined Summaries
For the Year Ended June 30, 2021
Traffic Public Safety Gen'I Govt Parks
Description F250 F251 F252 F253 Totals
REVENUE
Impact Fees 11,809 1,672 11,682 53,395 78,559
Interest Earnings 56 10 68 284 418
Total Revenue 11,866 1,682 11,750 53,679 78,976
EXPENDITURES
Expenditures
Total Expenditures - - - - -
REVENUES OVER (UNDER)
EXPENDITURES 11,866 1,682 11,750 53,679 78,976
Fund Balance, Beginning of Year 41,291 7,357 52,200 218,836 319,685
Fund Balance, End of Year 53,157 9,039 63,950 272,515 398,661
Last Five Fiscal Years by Fund
Fees and Interest - Last Five Fiscal Years by Year
Fund FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21
Traffic
Traffic
Public Safety
Gen'I Govt
Parks
11,866
Description
F250
F251
F252
F253
Totals
REVENUE
2,363
4,562
20,008
25,267
11,750
Impact Fees
51,994
8,834
62,493
266,400
389,721
Interest Earnings
1,163
205
1,457
6,115
8,940
Total Revenue
53,157
9,039
63,950
272,515
398,661
EXPENDITURES
Expenditures
-
-
-
-
-
Total Expenditures
-
-
-
-
-
REVENUES OVER (UNDER)
EXPENDITURES
53,157
9,039
63,950
272,515
398,661
Fund Balance, End of Year
53,157
9,039
63,950
272,515
398,661
Fees and Interest - Last Five Fiscal Years by Year
Fund FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21
Traffic
1,951
3,953
15,318
20,069
11,866
Public Safety
339
654
2,746
3,619
1,682
General Government
2,363
4,562
20,008
25,267
11,750
Parks
10,075
19,446
81,680
107,635
53,679
Total
14,728
28,615
119,752
156,589
78,976
Cummulative
14,728
43,343
163,095
319,685
398,661
FY 2021 Development Impact Fee Report 9 City of Rosemead
Statement of Revenue, Expenditures and Fund Balances
Fund Details
Traffic
Development Impact Fee
Statement of Revenues, Expenditures and Changes in Fund Balance
Last Five Fiscal Year
Description
REVENUE
Impact Fees
Revenue
Total Revenue
EXPENDITURES
Expenditures
Total Expenditures
REVENUES OVER (UNDER)
FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21
1,950.74 3,950.00
- 3.21
14,972.00
346.13
19,312.00
757.18
11,809.18
56.47
1,950.74 3,953.21
15,318.13
20,069.18
11,865.65
EXPENDITURES
1,950.74 3,953.21
15,318.13
20,069.18
11,865.65
Fund Balance, Beginning of Year
- 1,950.74
5,903.95
21,222.08
41,291.26
Fund Balance, End of Year
1,950.74 5,903.95
21,222.08
41,291.26
53,156.91
Public Safety
EXPENDITURES
Development Impact Fee
Expenditures
- - - -
Total Expenditures
Statement of Revenues, Expenditures and Changes in Fund Balance
REVENUES OVER (UNDER)
Last Five Fiscal Year
338.67 653.55 2,745.76 3,618.84 1,681.75
Fund Balance, Beginning of Year
Description
FY 2016-17 FY 2017-18 FY 2018-19
FY 2019-20
FY 2020-21
REVENUE
FY 2021 Development Impact Fee Report
10 City of Rosemead
Impact Fees
338.67 653.00 2,686.00
3,484.00
1,672.20
Revenue
- 0.55 59.76
134.84
9.55
Total Revenue
338.67 653.55 2,745.76
3,618.84
1,681.75
EXPENDITURES
Expenditures
- - - -
Total Expenditures
- - - - -
REVENUES OVER (UNDER)
EXPENDITURES
338.67 653.55 2,745.76 3,618.84 1,681.75
Fund Balance, Beginning of Year
- 338.67 992.22 3,737.98 7,356.82
Fund Balance, End of Year
338.67 992.22 3,737.98 7,356.82 9,038.57
FY 2021 Development Impact Fee Report
10 City of Rosemead
Statement of Revenue, Expenditures and Fund Balances
General Government
Development Impact Fee
Statement of Revenues, Expenditures and Changes in Fund Balance
Last Five Fiscal Year
Description FY 2016-17 FY 2017-18 FY 2018-19 FY 2019-20 FY 2020-21
REVENUE
Impact Fees 2,363.44 4,558.00 19,581.00 24,308.00 11,682.30
Revenue - 3.83 427.34 958.56 67.52
Total Revenue
2,363.44 4,561.83
20,008.34
25,266.56
11,749.82
EXPENDITURES
Last Five Fiscal Year
Expenditures
- -
-
-
-
Total Expenditures
- -
-
-
-
REVENUES OVER (UNDER)
53,394.88
Revenue
- 16.32 1,804.13
4,010.85
EXPENDITURES
2,363.44 4,561.83
20,008.34
25,266.56
11,749.82
Fund Balance, Beginning of Year
- 2,363.44
6,925.27
26,933.61
52,200.17
Fund Balance, End of Year
2,363.44 6,925.27
26,933.61
52,200.17
63,949.99
Parks
Development Impact Fee
Statement of Revenues, Expenditures and Changes in Fund Balance
Last Five Fiscal Year
Description
FY 2016-17 FY 2017-18 FY 2018-19
FY 2019-20
FY 2020-21
REVENUE
Impact Fees
10,075.15 19,430.00 79,876.00
103,624.00
53,394.88
Revenue
- 16.32 1,804.13
4,010.85
284.01
Total Revenue
10,075.15 19,446.32 81,680.13
107,634.85
53,678.89
EXPENDITURES
Expenditures
- - -
-
-
Total Expenditures
- - -
-
-
REVENUES OVER (UNDER)
EXPENDITURES
10,075.15 19,446.32 81,680.13
107,634.85
53,678.89
Fund Balance, Beginning of Year
- 10,075.15 29,521.47
111,201.60
218,836.45
Fund Balance, End of Year
10,075.15 29,521.47 111,201.60
218,836.45
272,515.34
FY 2021 Development Impact Fee Report
11
City of Rosemead