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AgdaPkt 2020-02-10 Joint SA PFA
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AgdaPkt 2020-02-10 Joint SA PFA
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Last modified
10/1/2020 11:31:49 AM
Creation date
2/7/2020 2:47:27 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
2/10/2020
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6.13. - Page 23 of 29 <br />Attachment A <br />12/16/2019 <br />Table J on the next page shows the Affordable Housing Impact Fees beginning fund <br />balance for FY 2018-19, fees collected in FY 2018-19, total interest earned in the account, <br />total project encumbrance amount for FY 2018-19, and ending balance of the Fund: <br />Table J <br />Beginning Fund Balance: <br />$2,146,809 <br />Fees Collected: <br />$1,071,180 <br />Interest Total: <br />$31,887 <br />Project Encumbrance: <br />$0 <br />Fund Balance: <br />$3,672,067 <br />4) An identification of each public improvement on which fees were expended and the <br />amount of the expenditures on each improvement, including the total percentage of <br />the cost of the public improvement that was funded with fees <br />Table K - FY 18-19 Affordable Housing Impact Fee Proiects <br />Project / <br />Project / Program Name <br />Total YTD <br />Total <br />% of <br />Program <br />Expenditure <br />Impact Fees <br />Expenditure <br />No. <br />(All Funding <br />Used <br />Funded with <br />Sources) <br />Fee <br />66457 <br />Housing Projects <br />$71,344 <br />$46,076 <br />65% <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 have <br />been collected to complete financing on an incomplete public improvement and the <br />public improvement remains incomplete <br />The approximate date by which the construction of the public improvements is expected <br />to commence for those projects with sufficient funds to complete financing is listed in <br />Table L, at the end of the Affordable Housing Impact Fee 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 be repaid, <br />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 2018-2019 Page 17 of 18 <br />45 <br />
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