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CITY OF SAN LEANDRO <br />Park Development Fees <br />Accounting Report <br />2001-2002 Fiscal Year <br />Park Development Fees Fund <br />Financial Summary <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 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 />Revenue: <br />Development Fees <br />Refunds <br />Interest Income <br />Other Income <br />Operating Transfer In <br />Total Revenue <br />Expenditures: <br />Projects <br />Total Expenditures <br />Excess of Revenues over Expenditures <br />Fund Balance, July 1, 2002 <br />$ 185,120 <br />35,114 <br />1,100 <br />460,000 <br />6R 1 114 <br />241,107 <br />$ 241,107 <br />Fund Balance Designated/Undesignated July 1, 2002: <br />Reserved Fund Balance - Encumbrances $ 661,492 <br />Designated Fund Balance - Committed Projects 320,510 <br />Undesignated Fund Balance, June 30, 2002 339,821 <br />$ 1,321,823 <br />$ 881,596 <br />440,227 <br />$ 1,321,823 <br />