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File Number: 23-605 <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 fiscal <br />year 2022-2023, Development fees amounted to $345,000. Projects expenditures amounted to <br />$130,100, with an ending DFSI fund balance of $1,752,800. <br />Park Facilities Development Impact Fees pay public park and recreation facility acquisition and <br />development. Funds are directed toward the study, design, acquisition and construction of park <br />and recreation facilities. In fiscal year 2022-2023, Park-in-Lieu fees amounted to $3,618,300. <br />The significant increase was due to the development project at Callan and 14th which provided <br />$3,479,400 of the fiscal year 2022-2023 revenue. Projects expenditures amounted to $18,000, <br />with an ending Park Development fund balance of $5,637,000. <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 />REVIEW BY THE FINANCE COMMITTEE <br />The City Council Finance Committee reviewed the annual AB 1600 report on November 28, 2023 <br />and unanimously recommended the resolution be moved to the City Council. <br />ATTACHMENTS <br />·Attachment A - Resolution Accepting the Annual AB 1600 Report for FY23 <br />·Attachment B - FY23 Annual AB 1600 Development Impact Fee Report <br />PREPARED BY: T. Michael Yuen, Finance Director <br />Page 2 City of San Leandro Printed on 12/13/2023