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CITY OF SAN LEANDRO <br />Park Development Fees <br />Accounting Report <br />2002-2003 Fiscal Year <br />Park Development Fees Fund <br />Financial Summary <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 facilities which result from residential 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 actua12002-03 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, 2002 <br />Revenue: <br />Development Fees <br />Refunds <br />Interest Income <br />Other Income <br />Operating Transfer In <br />Total Revenue <br />Expenditures: <br />Projects <br />Total Expenditures <br />Excess of Revenues over Expenditures <br />Fund Balance, July 1, 2003 <br />(296,127) <br />$ 1,025,696 <br />Fund Balance Designated/iJndesignated July 1, 2003 <br />Reserved Fund Balance -Encumbrances $ 40,514 <br />Designated Fund Balance -Committed Projects 193,632 <br />Undesignated Fund Balance, June 30, 2003 791 550 <br />$ 1,025,696 <br />$ 431,133 <br />34,032 <br />36,749 <br />$ 1,321,823 <br />$ 501,914 <br />798,041 <br />$ 798,041 <br />