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File Number: 21-722 <br />containing fees for other purposes in accordance with accounting standards. Interest earned on <br />each fee is deposited into the fund or account and used only for the purposes of the fee. <br />DFSIs are deposited into the Street/Traffic Improvement Special Revenue Fund. This separate <br />fund is used to account for development fee assessments levied to provide street and traffic <br />improvement costs attributable to residential and commercial growth. Fees may be used for <br />improvements to right-of-way, pavement, traffic signals, curbs, gutters, and sidewalks. In <br />2020-2021, Development fees amounted to $44,000. Total expenditures for the projects <br />amounted to $96,900, with an ending DFSI fund balance of $1,939,700. <br />Park Facilities Development Impact Fees pay for public park and recreation facility acquisition <br />and development, including study, design, acquisition and construction. Fees are deposited into <br />the Park Development Fee Special Revenue Fund. In 2020-2021, Park-in-Lieu fees amounted to <br />$159,900. Project expenditures amounted to $18,000, with an ending Park Development fund <br />balance of $1,400,200. <br />FISCAL IMPACT <br />The annual AB 1600 report is a mandated reporting requirement provided to the City Council for <br />information purposes. There is no direct fiscal impact by receiving the report and adopting the <br />resolution. <br />RECOMMENDATION <br />Staff recommends City Council approve the resolution accepting the Annual Report on Receipt <br />and Use of Development Impact Fees for the year ended June 30, 2021. <br />ATTACHMENT <br />Development Impact Fees for Street/Traffic Improvements (DFSI) Fund and Park Development <br />Fee Fund <br />PREPARED BY <br />Karen Chang, Assistant Finance Director <br />Page 2 City of San Leandro Printed on 12/30/2021 <br />425