07 - Laserfiche WebLink

The other portions of the project are funded by other sources, such as the General Fund. Appendix C includes the fiscal year 2008 -09 information for this fund as part of the Miscellaneous Projects worksheet. Water and Sewer Expansion Funds (Funds 355 and 356) These funds are utilized to track Water and Sewer Connection fees. When a project serves both new and existing development, only the portion related to new development is charged against these funds. The other portions of the project are funded by other sources, such as user replacement charge revenue. The replacement funds are accounted for separately (Funds 345 ands 346). Appendix C includes the fiscal year 2008 -09 information for these funds as part of the Water Projects worksheet and the Sewer Projects worksheet. Lower Income Housing Fund (Fund 271) This fund is utilized to track the receipt of Lower Income Housing fees and their disbursement for lower- income housing projects. Appendix B identifies the expenditures from this fund. Neighborhood Park Development Fund (Fund 159) This fund is utilized to track the receipt of Park Dedication In Lieu fees. In lieu park dedication fees are exempt from the accounting and other requirements of AB 1600, however Appendix C contains the fiscal year 2008 -09 Park Projects worksheet. Traffic Impact Fund (Fund 161) This fund is utilized to track the receipt of Traffic Impact fees. When a project serves both new and existing development, only the portion related to new development is charged against this fund. The other portions of the project are funded by other sources, such as gas tax revenues or the General Fund. Appendix C includes the fiscal year 2008 -09 information for this fund as part of the Streets Projects worksheet. Development Exactions Individual development exactions are accounted for in separate funds. Applicable project costs are charged against these funds and interest income is allocated appropriately. Appendix A details the individual developer exactions collected and unexpended as of June 30, 2009. AB 1600 and SB 1693 further provide procedures for the collection and holding of development fees. Government Code section 66001(d) provides that five years after collecting a development fee subject to AB 1600 and SB 1693, a local agency shall make findings that year and every five years thereafter, with respect to any portion of the fee remaining unexpended. The findings must identify the purpose that the fee is to be used and demonstrate a nexus between the fee and the purpose for which it was originally charged. The findings must also identify all sources and amounts of funding anticipated to complete the improvement and the approximate date that the improvement will be fully funded. After five years, a local agency is also required to refund the unexpended portion of the fee, and any accrued interest, for which a need cannot be demonstrated. However, when a city makes appropriate findings (including that the purpose for the developer impact fee remains), the city may retain the fee. Page 3 of 4