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CITY OF SAN LEANDRO <br />Development Fees for Street Improvements <br />Accounting Report <br />2001-2002 Fiscal Year <br />STREET/TRAFFIC EMPROVEMENTS FUND <br />Financial Summary <br />Development Fees for 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 commerial 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 2001-02 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, 2001 <br />Prior Period Restatement <br />Revised Fund Balance, July 1, 2001 <br />Revenue: <br />Development Fees <br />Refunds <br />Interest Income <br />Other Income <br />Operating Transfer <br />Total Revenue <br />Expenditures: <br />Street/Traffic Projects <br />Total Expenditures <br />Excess of Revenues over Expenditures <br />Fund Balance, July 1, 2002: <br />$ 1,947,427 <br />$ 351,735 <br />$ 310,465 <br />45,814 <br />1,990 <br />71,392 <br />Q d70 Art <br />1,018,041 <br />ea] <br />Fund Balance Designated/Undesignated July 1, 2002: <br />Reserved Fund Balance - Encumbrances $ 259,827 <br />Designated Fund Balance - Committed Projects 379,787 <br />Undesignated Fund Balance, June 30, 2002 1,071,168 <br />$ 1,710,782 <br />2,299,162 <br />(588,380) <br />$ 1,710.782 <br />