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CITY OF SAN LEANDRO <br />Development Fees for Street Improvements <br />Accounting Report <br />2003-2004 Fiscal Year <br />Street/Traffic Improvements Fund <br />Financial Summary <br />Development Fees 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 />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 1$0 days of the close of the fiscal year. <br />Pursuant to State Law, a summary of the City's actua12003-04 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, 2003 <br />Revenue: <br />Development Fees <br />Refunds <br />Interest Income <br />Other Income <br />Grant Income <br />Total Revenue <br />Expenditures: <br />Sttreet/Traffic Projects <br />Total Expenditures <br />Excess of Revenues over Expenditures <br />Fund Balance, July 1, 2004 <br />Fund Balance Designated/LTndesignated July 1, 2004 <br />Reserved Fund Balance -Encumbrances $ 305,998 <br />Undesignated Fund Balance, June 30, 2003 1,401,951 <br />$ 1,707,949 <br />$ 155,488 <br />17,067 <br />44,097 <br />$ 216,652 <br />348,565 <br />$ 348,565 <br />$ 1,839,863 <br />(131,913) <br />$ 1,707,949 <br />