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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