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6.F. - Page 23 of 31 <br />12/21/2018 <br />Table J on the next page shows the Affordable Housing Impact Fees beginning <br />fund balance for FY 2017-18, fees collected in FY 2017-18, total interest earned in <br />the account, total project encumbrance amount for FY 2017-18, and ending <br />balance of the Fund: <br />Table J <br />Beginning Fund Balance: <br />$844,008 <br />Fees Collected: <br />$1,361,445 <br />Interest Total: <br />$2,398 <br />Project Encumbrance: <br />$0 <br />Fund Balance: <br />$2,146,809 <br />4) An identification of each public improvement on which fees were expended and <br />the amount of the expenditures on each improvement, including the total <br />percentage of the cost of the public improvement that was funded with fees <br />Table K - FY 17-18 Affordable Housina Impact Fee Proiects <br />Project / <br />Project / Program Name <br />Total YTD <br />Total <br />% of <br />Program <br />Expenditure <br />Impact <br />Expenditure <br />No. <br />(All Funding <br />Fees Used <br />Funded <br />Sources) <br />with Fee <br />MidPen Mosaic Gardens <br />$1,100,000 <br />$1,100,000 <br />100% <br />(Formerly MidPen Atherton <br />Court Apartments <br />Rehabilitation) <br />66457 <br />Housing Projects <br />$83,913 <br />$58,645 <br />70% <br />5) An identification of an approximate date by which the construction of the public <br />improvement will commence if the local agency determines that sufficient funds <br />have been collected to complete financing on an incomplete public improvement <br />and the public improvement remains incomplete <br />The approximate date by which the construction of the public improvements is <br />expected to commence for those projects with sufficient funds to complete <br />financing is listed in Table L, at the end of the Affordable Housing Impact Fee <br />section. <br />6) A description of each interfund transfer or loan made from the account or fund, <br />including the public improvement on which the transferred or loaned fees will be <br />expended, and, in the case of an interfund loan, the date on which the loan will <br />be repaid, and the rate of interest that the account or fund will receive on the loan <br />There were no interfund transfers or loans made from the fund. <br />Development Impact Fees Report FY 2017-2018 Page 17 of 18 <br />323 <br />