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<br />CITY OF SAN LEANDRO <br /> <br />Park Development Fecs <br /> <br />Accounting Report <br /> <br />2005~2006 Fiscal Year <br /> <br />Pal'k 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 fi.Jlld 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 GGOOG of the Slate Govenunent 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 summary of the City's actual 2005-06 heginning and emling fund <br />balance, collection of all Ices, reCunds, interest earning, other income and expenditures is shown <br />helow: <br /> <br />J:<'und Balance, ,'uly I, 2005 <br /> <br />$ <br /> <br />963,193 <br /> <br />Revenuc: <br /> <br />Development Fees <br /> <br />$ 188,55] <br /> 22,634 <br />$ 211,185 <br /> 1,096,451 <br />$ 1,096,451 <br /> (885,266) <br /> $ 77,927 <br /> <br />Interest Income <br /> <br />Total Revenue <br /> <br />Expenditures: <br />Projects (See Attached) <br />Total Expcnditures <br />Excess of Revenues over Expenditure,,; <br /> <br />Fund Balance, ,J uly I, 2006 <br /> <br />Fund Balance Designated/Undesignated July 1,2006 <br />Reserved Fund Balance - Encumhrances $ <br />Undesignated Fund BJI<lIlce, June 30,2006 <br /> <br />$ <br /> <br />77,927 <br />77,927 <br />