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CITY OF SAN LEANDRO <br />MEMORANDUM <br />Date: February 17, 2009 <br />To: Steve Hollister, City Manager <br />From: Perry Carter, Interim Finance Director ~~' <br />By: Christine Galvin, Sr. Accountant <br />Subject: Accounting Report for Development Fees for Street Improvements (DFSI) <br />and Park Development Fees <br />Section 66006 of the Government Code requires an annual accounting of all development <br />fees to be made available to the public within 180 days of the close of the fiscal year. <br />Such report was made available to the public. State law also requires the City Council to <br />review and approve such reports that were made available at a regularly scheduled public <br />meeting. <br />Development Fees for Street Improvements are deposited into the Street/Traffic <br />Improvement Fund. This separate fund is used to account for development fee <br />assessments levied to provide partial payment of street and traffic improvement costs <br />attributable to residential and commercial growth. <br />Development Fees for Park acquisition and creation are deposited in the Park <br />Development Fees Fund. This separate fund is used to account for development fee <br />assessments levied to provide for the acquisition and/or creation of new park facilities <br />which result from residential growth. <br />Accordingly, staff is requesting that the Finance Committee review the attached reports <br />and then forward to City Council for review and approval. <br />