CC - Item 5G - Adoption Of Resolution No. 2022-66 To Receive And File The Annual Report On Development Impact Fees For Fiscal Year Ended June 30, 2022ROSEMEAD CITY COUNCIL
STAFF REPORT
TO: THE HONORABLE MAYOR AND CITY COUNCIL
FROM: BEN KIM, CITY MANAGER
DATE: DECEMBER 13, 2022
SUBJECT: ADOPTION OF RESOLUTION NO. 2022-66 TO RECEIVE AND FILE THE
ANNUAL REPORT ON DEVELOPMENT IMPACT FEES FOR FISCAL
YEAR ENDED JUNE 30, 2022
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. In addition, in
accordance with Section 66001, the City is required to make additional findings every five years
if there are any funds remaining at the end of the prior fiscal year. This report summarizes the
required financial information for Fiscal Year 2021-22.
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.G
City Council Meeting — FY 2022 Development Impact Fee Report
December 13, 2022
Page 2 of 2
Government Code section 66001 requires that for the fifth fiscal year following the first deposit
into each account or fund, and every five years thereafter, the local agency must make certain
findings. Those findings include the following: identifying the purpose to which the fee is to be
put, demonstrate a reasonable relationship between the fee and the purpose for which it is charged,
identify all sources and amounts of funding anticipated to complete financing in incomplete
improvements, identify the approximate dates on which the non -fee funding is expected.
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. 2022-66 to receive and file the Annual Report of
Development Impact Fees for FY 2021-22.
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, 2022.
Prepared by:
Bryan Chua, Finance Director
Attachment A: Resolution No. 2022-66 with Annual Development Fee Report — FY 2021-22
Attachment A
Resolution No. 2022-66 with Annual Development
Fee Report — FY 2021-22
RESOLUTION NO. 2022-66
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD, CALIFORNIA, REGARDING THE ANNUAL REPORT
ON DEVELOPMENT IMPACT FEES AS OF JUNE 30, 2022
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 2021-22 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, the City has prepared an annual report for FY 2021-22 in accordance with
Government Code Section 66001 to make additional findings every five years if there are any
funds remaining in the funds at the end of the prior fiscal year; 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,
2022; 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, 2022,
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 13`h day of December, 2022.
Sean Dang, 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. 2022-66 was duly adopted by the City
Council of the City of Rosemead, California, at a regular meeting thereof held on the 13`h day of
December, 2022, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
Ericka Hernandez, City Clerk
ANNUAL DEVELOPMENT
IMPACT FEE REPORT
5J
ad June 30, 2022
CITY COUNCIL
Sandra Armenta
Council Member
Sean Deng
Mayor
Steven Ly
Mayor Pro Tem
Margaret Clark
Council Member
Executive Team
City Manager— Ben Kim
CityClerk.....................................................................
CityAttorney...............................................................
Assistant City Manager ................................................
Chief of Police (LA County Sheriffs Dept) ....................
Director of Community Development (Interim) ..........
Director of Finance ......................................................
Director of Parks & Recreation ....................................
Director of Public Works .............................................
FY 2022 Development Impact Fee Report
Polly Low
Council Member
..............Ericka Hernandez
............Rachel H. Richman
.................. Mike Bruckner
.............................. Vacant
........................Stan Wong
....................... Bryan Chua
............. Thomas Boecking
..................Michael Chung
City of Rosemead
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
Funding of 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..............................................................................
7
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
Five -Year Findings...................................................................................................................................8
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE FINANCIAL SUMMARIES
Combined Summaries at lune 30, 2022, Last Five Fiscal Years, Revenue by Year .................................
9
TrafficImpact Fee Fund........................................................................................................................
10
PublicSafety Impact Fee Fund.............................................................................................................
10
General Government Impact Fee Fund................................................................................................
11
ParksImpact Fee Fund.........................................................................................................................
11
FY 2022 Development Impact Fee Report 2 City of Rosemead
December 13, 2022
The Honorable Mayor, Members of the City Council and Residents of Rosemead,
r+�
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. 2015-07 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 effective since July 1, 2017.
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 afterthe 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, 2022. 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 28, 2022.
Respectfully submitted,
+Pr—wl_
Bryan Chua, Finance Director
FY 2022 Development Impact Fee Report
City of Rosemead
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 or fund 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. (pg 8)
2) Demonstrate a reasonable relationship between the fee and purpose for which it is charged.
(pg 5)
FY 2022 Development Impact Fee Report 4 City of Rosemead
3) Identify all sources and amounts of funding anticipated to complete financing in incomplete
improvements. (pg 8)
4) Designate the approximate dates on which the funding is expected to be deposited into the
appropriate account orfund. (pg 8)
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.
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.
FY 2022 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 tofu nd 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 — Fund 251— 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 — Fund 252 —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.
FY 2022 Development Impact Fee Report 6 City of Rosemead
Type
Single Use Mixed Use
Zones Zones
Type
Single Use
Zones
Mixed Use
Zones
Residential
Fund Balance
Nonresidential
No.
Impact Fee Fund
Single Family
$ 6,500 $ 6,388
Retail
$ 1,365
$ 1,242
Multi -family
$ 5,197 $ 5,126
ice
$ 1,997
$ 1,812
252
Fund A Fund Description
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:
3 BEGINNING AND ENDING BALANCE OF THE FUND(S)
Beginning
Ending
Residential
Cummulative
Fund Balance
Fund Balance
No.
Impact Fee Fund
Residential Fees
er Dwelling Unit
250
Traffic
53,157
78,773
251
Single Use
Mixed
Use
252
Fund A Fund Description
63,950
Single Family
Multi Family
Single Family
Multi Family
341,399
250
Traffic
398,661
F1,024
$ 634
$ 912
$ 563
General Governmer
251
Public Safety
17,662
145
121
145
121
68,869
252
General Government
335,269
1,013
844
1,013
844
32
253
Parks
8,973
4,318
3,598
4,318
3,597
$ 6,500
$ 5,197
$ 6,388
$ 5,125
Non -Residential
Non -Residential Fees per 1,000 SF of Floor Area
Single Use
Mixed Use
Fund N Fund Description
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)
4 THE AMOUNT OF FEES COLLECTED AND INTEREST EARNED
Total Amount of Fees Collected and Interest Earned
Beginning
Ending
Fund
Cummulative
Fund Balance
Fund Balance
No.
Impact Fee Fund
7/01/2021
6/30/2022
250
Traffic
53,157
78,773
251
Public Safety
9,039
11,570
252
General Government
63,950
81,612
253
Parks
272,515
341,399
Public Safety
Totals
398,661
513,355
4 THE AMOUNT OF FEES COLLECTED AND INTEREST EARNED
Total Amount of Fees Collected and Interest Earned
FY 2022 Development Impact Fee Report 7 City of Rosemead
FY 2021-22
Cummulative
Fees
Interest
Total
Fees
Interest
Total
Collected
Earned
Revenue
Collected
Earned
Revenue
Traffic
25,604
13
25,616
77,598
1,176
78,773
Public Safety
2,531
1
2,532
11,365
205
11,570
General Governmer
17,658
4
17,662
80,151
1,461
81,612
Parks
68,869
15
68,884
335,269
6,131
341,399
Total
114,662
32
114,694
504,382
8,973
513,355
FY 2022 Development Impact Fee Report 7 City of Rosemead
5 IDENTIFICATION OF EACH PUBLIC IMPROVEMENT ON WHICH IMPACT FEES WERE SPENT
No improvements have been made using Development Impact Fees through June 30, 2022.
6 IDENTIFICATION OF APPROXIMATE DATE BY WHICH THE CONSTRUCTION WILL COMMENCE
Projects for traffic, public safety, general government, and parks are scheduled to begin in fiscal year
2022-23.
7 DESCRIPTION OF INTERFUND TRANSFERS OR LOANS MADE FROM DEVELOPMENT IMPACT FEE FUNDS
No transfers or loans of Development Improvement Fee funds have occurred through June 30, 2022.
8 AMOUNT OF REFUNDS MADE DUE TO SUFFICIENT FUNDS BEING COLLECTED TO COMPLETE PUBLIC
IMPROVEMENTS
No refunds from Development Improvement Fee funds have been made.
FIVE-YEAR FINDINGS
For current projects budgeted for Fiscal Year 2022-23, the following is a breakdown of the purpose to
which committed unexpended funds are to be put and also identifies all sources and amounts of
funding anticipated to complete financing on current projects. The funding from non -fee sources for
these projects will begin or are anticipated to begin in Fiscal Year 2022-23.
Funding Source
Committed
Unexpended
Current Projects
Fund 250Traffic
$ 50,000
Rosemead Boulevard/1-10 Ramp
Fund 251 Public Safety
10,000
Public Safety Center Upgrades
Fund 252 General Gov't
75,000
City Hall Renovations
Fund 253 Parks
225,000
Dog Park at Garvey Park
Fund 253 Parks
75,000
Acoustic Panels (RCRC & Garvey Gym)
Total
$ 435,000
General Fund and grant funds
-State and Loot Fiscal Recovery Funds -Revenue Loss
Non -Fee Funding Sources for Current Project
Measure R ($6,000,000)
American Rescue Plan ($300,000), SLFRF• ($1,700,000)
SLFRF($450,000)
General Fund ($290,375), Urban Greening ($290,375)
None - Funded solely with Development Impact Fees
The following is a breakdown of the purpose to which uncommitted unexpended funds are to be put
and also identifies sources of funding anticipated to complete financing on future projects.
Uncommitted
Funding Source
Unexpended
Future Projects
Non -Fee Funding Sources
Fund 250Traffic
$ 28,773
Various Roadway and Intersection Improvements
Gas Tax, Transportation Funding, General Fund
Fund 251 Public safety
1,570
Facilities, vehicles and equipment
General Fund and grant funds
Fund 252 General Gov't
6,612
Facilities, vehicles and equipment
General Fund and grant funds
Fund 253 Parks
41,399
New parks, park improvements
General Fund and grant funds
Total
$ 78,355
FY 2022 Development Impact Fee Report 8 City of Rosemead
Statement of Revenue, Expenditures and Fund Balances
Combined Summaries
For the Year Ended June 30, 2022
Description
Traffic
F250
Pub is Safety
F251
Gen'I Govt
F252
Parks
F253
Totals
REVENUE
F250
F251
F252
F253
Totals
Impact Fees
25,604
2,531
17,658
68,869
114,662
Interest Earnings-
13
1
4
15
32
Total Revenue
25,616
2,532
17,662
68,884
114,694
EXPENDITURES
Expenditures _
Total Expenditures
REVENUES OVER (UNDER)
EXPENDRURES 25,616 2,532 17,662 68,884 114,694
Fund Balance, Beginning of Yea r 53,157 9,038 63,950 272,515 398,661
Fund Balance, End of Year 78,773 11,570 81,612 341,399 513,355
Last Five Fiscal Years
EXPENDRIXtES
Expenditures - -
Total Expenditures
REVENUES OVER (UNDER)
EXPENDrTURES 76,823 11,232 79,248 331,324 498,627
Fund Balance, End of Year 76,823 11,232 79,248 331,324 498,627
Fees and Interest - Last Five Fiscal Years by Year
Fund
Traffic
Public Safety
Gen'I Govt
Parks
FY 2021-22
Description
F250
F251
F252
F253
Totals
REVENUE
654
2,746
3,619
1,682
2,532
I mpact Fees
75,647
11,027
77,787
325,193
489,654
Interest Ea rni ngs
1,176
205
1,461
6,131
8,973
Total Revenue
76,823
11,232
79,248
331,324
498,627
EXPENDRIXtES
Expenditures - -
Total Expenditures
REVENUES OVER (UNDER)
EXPENDrTURES 76,823 11,232 79,248 331,324 498,627
Fund Balance, End of Year 76,823 11,232 79,248 331,324 498,627
Fees and Interest - Last Five Fiscal Years by Year
Fund
FY 2017-18
FY 2018-19
FY 2019-20
FY 2020-21
FY 2021-22
Traffic
3,953
15,318
20,069
11,866
25,616
Publ is Safety
654
2,746
3,619
1,682
2,532
General Government
4,562
20,008
25,267
11,750
17,662
Parks
19,446
81,680
107,635
53,679
68,884
Total
28,615
119,752
156,589
78,976
114,694
Cummulative
28,615
148,367
304,957
383,933
498,627
FY 2022 Development Impact Fee Report 9 City of Rosemead
Statement of Revenue, Expenditures and Fund Balances
Traffic
Development Impact Fee
Statement of Revenues, Expenditures and Changes in Fund Balance
Last Five Fiscal Year
Description
FY 2017-18
FY 2018-19
FY 2019-20
FY 2020-21
FY 2021-22
REVENUE
I mpa ct Fees
653 2,686
Impact Fees
3,950
14,972
19,312
11,809
25,604
Revenue
3
346
757
56
13
Total Revenue
3,953
15,318
20,069
11,866
25,616
EXPENDITURES
Expenditures
Total Expenditures
REVENUES OVER (UNDER)
EXPENDITURES 3,953 15,318 20,069 11,866 25,616
Fund Balance, Beginningof Year 1,951 5,904 21,222 41,291 53,157
Fund Balance, End of Year 5,904 21,222 41,291 53,157 78,773
Public Safety
Development Impact Fee
Statement of Revenues, Expenditures and Changes in Fund Balance
Last Five Fiscal Year
Description
FY 2017-18 FY 2018-19
FY 2019-20
FY 2020-21
FY 2021-22
REVENUE
I mpa ct Fees
653 2,686
3,484
1,672
2,531
Revenue
1 60
135
10
1
Total Revenue
654 2,746
3,619
1,682
2,532
EXPENDRURES
Expenditures
Total Expenditures
REVENUES OVER (UNDER)
EXPENDITURES 654 2,746 3,619 1,682 2,532
Fund Balance, Beginning of Year 339 992 3,738 7,357 9,039
Fund Balance, End of Year 992 3,738 7,357 9,039 11,570
FY 2022 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 2017-18
FY 2018-19
FY 2019-20
FY 2020-21
FY 2021-22
REVENUE
Impact Fees
4,558
19,581
24,308
11,682
17,658
Revenue
4
427
959
68
4
Total Revenue
4,562
20,008
25,267
11,750
17,662
EXPENDRURES
Expenditures
Total Expenditures
REVENUES OVER (UNDER)
EXPENDITURES 4,562 20,008 25,267 11,750 17,662
Fund Balance, Beginning of Year 2,363 6,925 26,934 52,200 63,950
Fund Balance, End of Year 6,925 26,934 52,200 63,950 81,612
Parks
Development Impact Fee
Statement of Revenues, Expenditures and Changes in Fund Balance
Last Five Fiscal Year
Description
FY 2017-18
FY 2018-19
FY 2019-20
FY2020-21
FY 2021-22
REVENUE
I mpa ct Fees
19,430
79,876
103,624
53,395
68,869
Revenue
16
1,804
4,011
284
15
Total Revenue
19,446
81,680
107,635
53,679
68,884
EXPENDRURES
Expenditures - - - -
Total Expenditures - - - - -
REVENUES OVER (UNDER)
EXPENDITURES 19,446 81,680 107,635 53,679 68,884
Fund Balance, Beginningof Year 10,075 29,521 111,202 218,836 272,515
Fund Balance, End of Year 29,521 111,202 218,836 272,515 341,399
FY 2022 Development Impact Fee Report I I City of Rosemead