CITY COUNCIL STAFF REPORT
MEETING DATE: DECEMBER 16, 2015
PREPARED BY: Dat Nguyen, Assistant Finance Director/Administrative Services
APPROVED BY: City Manager
TITLE
AB 1600 DEVELOPMENT IMPACT FEE REPORT FOR FISCAL YEAR 2014-15
END
RECOMMENDATION(S)
RECOMMENDATION
Accept and file report.
BODY
COUNCIL PRIORITIES, GOALS & STRATEGIES:
Ongoing Priorities
Maintaining fiscal responsibility
Preserving and cultivating public trust
REPORT NARRATIVE:
Government Code Section 66000 et seq. requires that any city imposing development impact fees must report certain information each year. In accordance with this requirement, staff is presenting the annual development impact fee report, Attachment A, for the fiscal year ending June 30, 2015. The report includes a fee description, a schedule of impact fees for the reporting period as approved by City Council, and a report of the 2014-15 revenues and expenditures for each impact fee, along with the balance available for current and future projects. A description of the project that resources were used for is also included for each impact fee. Section 66001(d) requires that for the fifth fiscal year following the collection of development fees, and every five years thereafter, the local agency shall make findings with respect to any portion of the fee collected remaining unexpended, whether committed or uncommitted. All impact fees collected through FY 2009-10 were expended. There is no need to make any findings for unexpended development fees.
COMMUNITY ENGAGEMENT: Inform
Finance staff prepares this annual report in an effort to keep City Officials, Council, Community, and stakeholders informed on the financial status of each impact fee, which assists each one of the interested parties in making sound financial decisions.
ALTERNATIVE ACTIONS:
No alternative action is recommended, as this is an annual report on City transactions which have already occurred.
PRIOR C...
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