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6.F. - Page 16 of 31 12/21/2018 3) The beginning and ending balance of the account or fund, the amount of the fees collected and the interest earned Table F below shows the Park Impact Fees beginning fund balance for FY 17-18, fees collected in FY 17-18, total interest earned in the account, total project encumbrance amount for FY 17-18, and ending balance of the Fund: Table F Beginning Fund Balance: $16,455,531 Fees Collected: $3,556,983 Interest Total: $96,677 Misc. Grants/Donations: $25,000 Project Encumbrance: ($16,959,973) Fund Balance: $3,174,218 Fees remaining in the account balance will be used to fund projects that meet this purpose. In FY 17-18, there was a single project of 350 units that was approved and paid its park impact fees. The project is at 1409 EI Camino Real and is a .6 mile walk from a park with active amenities and a .4 mile walk to a passive park space. The Trust for Public Land, a non-profit dedicated to helping communities plan for livable communities, uses a .5 mile walk as the limit when calculating the walkability of parks. This equates to a 10 minute walk for an adult. In FY 17-18, a $25,000 grant from the National Endowment for the Arts was received for the Redwood Shores Library Playground/Art installation that will supplement Park Impact Fee funding. 4) An identification of each public improvement on which fees were expended and the amount of the expenditures on each improvement, including the total percentage of the cost of the public improvement that was funded with fees Table G - FY 17-18 Parks Impact Fee Projects Project Project Name Total YTD Total % of No. Expenditure Impact Fees Expenditure (All Funding Used Funded with Sources) Fee 73957 RWS Library Playground $84,900.00 $84,900.00 100% 75597 Stulsaft Park Master Plan $8,135.39 $8,135.39 100% Red Morton/Armory Play 21.2% 80148 Picnic Area Reno $859,211 $182,420 Development Impact Fees Report FY 2017-2018 Page 10 of 18 316