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CITY OF SAN LEANDRO <br />Park Development Fees <br />Accounting Report <br />1998-99 Fiscal Year <br />Park Development Fees Fund <br />Financial Summa <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 actual 1998-99 beginning and ending fund <br />balance, collection of all fees, refunds, interest earning, other income and expenditures is shown <br />below: <br />Revenue: <br />Development Fees <br />$ 402,517 <br />Refunds <br />- <br />Interest Income <br />13,177 <br />Other Income <br />- <br />Grants <br />- <br />Total Revenue <br />415,694 <br />Expenditures: <br />Street/Traffic Projects <br />1,332 <br />Excess of Revenues over Expenditures <br />414,362 <br />Fund Balance, July 1, 1998 331,436 <br />Fund Balance, June 30, 1999 $ 745,798 <br />