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CITY OF SAN LEANDRO STAFF REPORT APPROVED AND FORWARDED TO CITY COUNCIL DATE: December 20, 2010 /// tephen Hollister TO: Stephen Hollister, City Manager City City Manager FROM: Tracy Vesely, Finance Direct BY: Christine Galvin, Sr. Accountant CI SUBJECT PROJECT /PROJECT DESCRIPTION: RESOLUTION APPROVING AND CONFIRMING THE ACCOUNTING REPORT FOR DEVELOPMENT FEES FOR STREET IMPROVEMENTS (DFSI) AND PARK DEVELOPMENT FEES FOR FISCAL YEAR 2009 -10 SUMMARY AND RECOMMENDATION Staff recommends City Council approval of a resolution approving and confirming the City's fiscal year 2009 -10 accounting for Street Improvement and Park Development fees. Copies of the reports are attached for review and approval. BACKGROUND Section 66006 of the Government Code requires an annual accounting of all development fees to be made available to the public within 180 days of the close of the fiscal year. Such report was made available to the public. State law also requires the City Council to review and approve such reports that were made available at a regularly scheduled public meeting. Development Fees for Street Improvements are deposited into the Street /Traffic Improvement Fund. This separate fund is used to account for development fee assessments levied to provide partial payment of street and traffic improvement costs attributable to residential and commercial growth. Development Fees for Park acquisition and creation are deposited in the Park Development Fees Fund. This separate fund is used to account for development fee assessments levied to provide for the acquisition and /or creation of new park facilities which result from residential growth. Current City Cou ncil Policy N/A Previous City Council Action(s) City Council reviews the Annual Accounting Report for Development Fees for Street Improvements (DFSI) and Park Development Fees on an annual basis. •