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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2024 <br />City of Redwood City 15 <br />Annual Financial Summary <br />The following tables respond to Government Code Section 66006(b)(1)(C), (D), and (E) and for <br />the water and wastewater fees Section 66013(d)(2), (3), and (4)(A) and (B).12 <br />Development Impact Fee Accounts <br />Transportation Impact Fees <br />Table 7 Transportation Impact Fee Account: Statement of Revenue, Expenditures, and <br />Changes in Account Balance for the Fiscal Year Ending June 30, 2024 <br />De scription FY 2023-24 <br />REVENUES <br />Fees [1]$5,946,470 <br />Interes t [2]$740,745 <br />Deferred Revenue $0 <br />Other Revenue $0 <br />Tota l Re ve nue s $6,687,215 <br />EXPENDITURES <br />Capital Improvements $640,697 <br />Other E xpenditures [3]$113,581 <br />Tota l Ex pe nditure s $754,277 <br />REVENUES OVER (UNDER) EXPENDITURES $5,932,938 <br />Ba la nce , Be ginni ng of Ye a r [4]$15,830,756 <br />Ba la nce , End of Ye a r [5]$21,763,694 <br />[5] Does not account for unrealized gains /los s es on inves tm ents in the am ount <br />of $56,371.44 <br />[1] Fee revenues include fair s hare paym ents for the 101/84 interchange <br />project, which is included in the trans portation im pact fee program , and w ill be <br />funded with trans portation im pact fee reve nues . <br />[2] Interes t is calculated on end-of-year ba lan ce <br />[3] Other expenditures include profes s i onal/techni cal cons ulting s ervices and <br />s taff overs ight to prepare the Traffic Im pact Fee Nexus Study. <br />[4] FY 2023-24 beginning of year balance is the end of year balance as reported <br />in FY 2022-23 AB 1600 Annual Report. <br />12 66013(d) is specific to water and wastewater capacity and facility fees. <br />6.A. - Page 24 of 55 <br />29