Laserfiche WebLink
<br />CITY OF SAN LEANDRO <br /> <br />Park Development Fees <br /> <br />Accounting Report <br /> <br />2004-2005 Fiscal Year <br /> <br />Park Development Fees Fund <br /> <br />Financial Summary <br /> <br />Development Fees for Park acquisition and creation are deposited in the Park Development Fees <br />Fund. This separate fund is used to account for development fee assessments levied to provide for <br />the acquisition and/or creation of new parks and park facilities which result from residential growth. <br />Section 66006 of the State Government Code requires annual accounting for all development fees <br />within 180 days of the close of the fiscal year. <br /> <br />Pursuant to State Law, a sununary of the City's actual 2003-04 beginning and ending fund <br />balance, collection of all fees, refunds, interest eaming, other income and expenditures is shown <br />below: <br />Fund Balance, July 1, 2004 $ 841,077 <br />Revenue: <br />Development Fees $ 126,219 <br />Refunds <br />Interest Income 17,291 <br />Other Income <br />Operating Transfer In <br />Total Revenue $ 143,510 <br />Expenditures: <br />Projects 21,394 <br />Total Expenditures $ 21,394 <br />Excess of Revenues over Expenditures 122,116 <br />Fund Balance, July 1,2005 $ 963,193 <br />Fund Balance DesignatedlUndesignated July 1, 2005 <br />Reserved Fund Balance - Encumbrances $ <br />Undesignated Fund Balance, June 30, 2004 963,193 <br /> $ 963,193 <br />