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<br />CITY OF SAN LEANDRO <br /> <br />Park Development Fees <br /> <br />Accounting Report <br /> <br />2005-2006 Fiscal Year <br /> <br />Park Development Fees Fund <br /> <br />Financi~1 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 facilitics which result from residential growth. <br />Section 66006 of the State Government Code requires annual accounting for all development fees <br />within ISO days of the close of the flscal year. <br /> <br />Pursuant to State Law, a summary of the City's actual 2005-06 beginning and ending fund <br />balance, collection of all fees, refunds, interest earning, other income and expenditures is shown <br />below: <br /> <br />Fund Balance, July 1,2005 <br /> <br />$ <br /> <br />963,193 <br /> <br />Revenue: <br /> <br />Development Fees <br /> <br />$ 188,551 <br /> 31,961 <br />$ 220,512 <br /> 1,096,451 <br />$ 1,096,451 <br /> (875,939) <br /> $ 87,254 <br /> <br />Intnest Income <br /> <br />Total Revenue <br /> <br />Expenditures: <br />Projects (See AttaclJed) <br />Total Expenditures <br />Excess of nevenues over Expenditures <br /> <br />Fund Balance, .July 1,2006 <br /> <br />Fund Balance Designatcd/Undesignated July 1,2006 <br />Reserved Fund Balance - Encumbrances $ <br />Undesignated Fund Balance, June 30, 2006 <br /> <br />$ <br /> <br />87,254 <br />87,254 <br />