Laserfiche WebLink
<br />CITY OF SAN LEANDRO <br /> <br />Development Fees for Street Improvcments <br /> <br />Accounting Report <br /> <br />2005-2006 Fiscal Y car <br /> <br />Street/Traffic Improvements Fund <br /> <br />financial Summary <br /> <br />Devdopment rees Street Improvements are deposited in the Street/Traffic Improvement Fund, <br />This separate fund is used to account for development fee assessments levied to provide partial <br />paymcnt of street amI traffic improvement costs attributable to residential and commercial growth, <br />Section 66006 of the Statc Govemment Code requires annual accounting for all development fees <br />within] 80 days of the close of the fiscal year. <br /> <br />Pursuant to State Law, a summary oCthe City's actual 2005-06 bef,1nning and ending fund <br />balance, collection of all fees, refunds, interest eaming, other income and expenditures is shown <br />below: <br /> <br />Fund Balance, July 1,2005 <br /> <br />$ <br /> <br />1,71 ],182 <br /> <br />Revenue: <br /> <br />Development Fees <br /> <br />$ <br /> <br />308,071 <br /> <br />Interest Income <br /> <br />57,950 <br /> <br />Total Revenue <br /> <br />$ <br /> <br />366,021 <br /> <br />Expenditures: <br />StreetJTraffic Projects (See Attached) <br />Total ExpenditUl-es <br />Excess of Revenues over Expenditures <br /> <br />$ <br /> <br />180,717 <br />1 RO,717 <br /> <br />185,304 <br /> <br />F'und Balance, July 1,2006 <br /> <br />$ <br /> <br />1,896,486 <br /> <br />Fund Balance DesignatedfUndesignated July 1, 2006 <br />Reserved Fund Balance - Encumbrances <br />Undcsignated Fund Balance, Junc 30, 2006 <br /> <br />$ I 24,(J30 <br />1,772,456 <br />$ 1,896,486 <br />