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information only, as Lower Income Housing fees are not subject to AB 1600 but included in the report for full disclosure. Unexpended Funds After Five Years Government Code section 66001(d) requires 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 for which 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 for completion of 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. Staff reviewed development impact fees collected five or more years ago and has determined that all funds held for more than five years are necessary to complete identified projects, as shown below by fund. The percent funded by the impact fees was established in the nexus study that established the relevant fee. Capital Facilities Fund (Fund 203) Amount collected in previous fiscal years subject to 5-year limitation: $0 Funds are 100% expended as accounted for in Attachment 2. Park Development Fund (Fund 222) Amount collected in previous fiscal years subject to 5-year limitation: $3,307,233 Funds are committed to the following project: • New Community Park Site Acquisition Reserve — Project#03728 Description: This project involves identifying potential sites to construct a new community park in the northeast area of the City and establishing a reserve to eventually acquire an appropriate site of approximately 30 to 40 acres of contiguous land. Amenities could include youth area with various play equipment, a picnic area, open field play space, an exercise course, restrooms, pathways, and landscaping. The exact type and mix of uses for this site will be determined through a Park Master Plan process, managed by staff and the Parks and Recreation Commission. Approximate project completion date: On-Going Project cost: $6,669,923 Source of funding: Park Development Fund % funded by development impact fees: 100% Traffic Impact Fund (212) Amount collected in previous fiscal years subject to 5-year limitation: $4,451,197 Funds are committed to the following project: Page 4 of 8