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CITY OF SAN LEANDRO <br />Development Fees for Street Improvements <br />Accounting Report <br />2006-2007 Fiscal Year <br />Street/Traffic Improvements Fund <br />Financial Summary <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 of the close of the fiscal year. <br />Pursuant to State Law, a summary of the City's actua12006-07 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, 2006 <br />$ 1,896,486 <br />Revenue: <br />Development Fees <br />Interest Income <br />Total Revenue <br />Expenditures: <br />StreetlTraffic Projects (See Attached) <br />Total Expenditures <br />Excess of Revenues over Expenditures <br />$ 256,938 <br />111,221 <br />$ 368,159 <br />191,563 <br />$ 191,563 <br />176,596 <br />Fund Balance, July 1, 2007 <br />Fund Balance Designated/iJndesignated July 1, 2007 <br />Reserved Fund Balance -Encumbrances $ 37,896 <br />Undesignated Fund Balance, June 30, 2007 2,035,187 <br />$ 2,073,082 <br />$ 2,073,082 <br />