Laserfiche WebLink
<br />CITY OF SAN LEANDRO <br /> <br />Development Fees for Street Improvements <br /> <br />Accounting Report <br /> <br />2004-2005 Fiscal Year <br /> <br />Street/Traffic Improvements Fund <br /> <br />Financial Summary <br /> <br />Development Fees Street Improvements are deposited in the StreeUTraffic Improvement Fund. <br />This separate fund is used to account for development fee assessments levied to provide partial <br />payment of street and traffic improvement costs attributable to residential and commercial growth. <br />Section 66006 of the State Government Code requires annual accounting for all development fees <br />within 180 days ofthe close of the fiscal year. <br /> <br />Pursuant to State Law, a summary of the City's actual 2003-04 beginning and ending fund <br />balance, collection of all fees, refunds, interest earning, other income and expenditures is shown <br />below: <br />Fund Balance, July 1,2004 $ 1,707,949 <br />Revenue: <br />Development Fees $ 233,394 <br />Refunds <br />Interest Income 32,583 <br />Other Income <br />Grant Income <br />Total Revenue $ 265,977 <br />Expenditures: <br />Sttreet/Traffic Projects 262,745 <br />Total Expenditures $ 262,745 <br />Excess of Revenues over Expenditures 3,232 <br />Fund Balance, July 1, 2005 $ 1,711,182 <br />Fund Balance Designated/Undesignated July 1, 2005 <br />Reserved Fund Balance - Encumbrances $ 162,801 <br />Undesignated Fund Balance, June 30, 2004 1,548,380 <br /> $ 1,711,182 <br />