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Annual and Five-Year Development Impact Fee Report Fiscal Year Ending June 30, 2024 City of Redwood City 2 66006 (b) (1) (C): The beginning (July 1) and ending (June 30) balance of a particular impact fee fund or account. 66006 (b) (1) (D): The amount of fees collected and interest earned by fund or account. 66006 (b) (1) (E): An identification of each public improvement upon which fees were expended and the amount of expenditures on each improvement including the total percentage of the cost of the public improvement that was funded with fees. 66006 (b) (1) (F): o (i) An identification of an approximate date by which the construction of the public improvement will commence if the local agency determines that sufficient funds have been collected to complete financing on an incomplete public improvement. o (ii) An identification of each public improvement identified in a previous report pursuant to clause (i) and whether construction began on the approximate date noted in the previous report. o (iii) For a project identified pursuant to clause (ii) for which construction did not commence by the approximate date provided in the previous report, the reason for the delay and a revised approximate date that the local agency will commence construction.2 66006 (b) (1) (G): A description of each interfund transfer or loan made from the account or fund, including the public improvement on which the transferred or loaned fees will be expended; and, in the case of an interfund loan, the terms of the loan, including the repayment schedule for the loan, and the rate of interest that the account or fund will receive on the loan. 66006 (b) (1) (H): A summary of any refunds made, and their respective amount, due to sufficient funds being collected to complete financing of scheduled public improvements and the amount of reallocation of funds made due to administrative costs of refunding unexpended revenues exceeding the amount to be refunded. State law requires the City to prepare and make available to the public the above information within 180 days after the last day of each fiscal year. The City Council must review the annual report at a regularly scheduled public meeting not less than fifteen days after the information is made available to the public. This report was posted on the City’s website and made available for public review at the Library and City Clerk’s Office on December 18, 2024. Five-Year Report California Government Code Section 66001 (d) (1) requires the local agency make all the following findings every fifth year with respect to that portion of the account remaining unexpended, whether encumbered to a specific project or remaining unencumbered in an impact fee fund. 2 Subsections (ii) and (iii) were added to section 66006(b)(1)(F) by AB 516, which will took effect January 1, 2024. 6.A. - Page 11 of 55 16