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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2024 <br />City of Redwood City 23 <br />Affordable Housing In-Lieu <br />Table 15 Affordable Housing In-Lieu Account: Statement of Revenue, Expenditures, and <br />Changes in Account Balance for the Fiscal Year Ending June 30, 2024 <br />Description FY 2023-24 <br />REVENUES <br />Fees - <br />Interest [1]$25,090 <br />Deferred Revenue $0 <br />Other Revenue $0 <br />T otal Revenues $25,090 <br />EXPENDIT URES <br />Capital Improvements $0 <br />Loan Payments $0 <br />Other Expenditures $0 <br />T otal Expenditures $0 <br />REVENUES OVER (UNDER) EXPENDITURES $25,090 <br />Account Balance, Beginning of Year $939,334 <br />Adjustment for Residual Receipt Loans [2]$227,261 <br />Adjusted Account Balance, Beginning of Year [3]$712,073 <br />Account Balance, End of Year [4]$737,163 <br />[1] Interest calculated on end of year balance. <br />[2] Reflects residual receipt loans for 353 Main Street – ROEM $227,261. <br />[3] FY 2023/24 adjusted account beginning of year balance is the end of year <br />balance as reported in FY 2022/23 AB 1600 Annual Report. <br />[5] Does not account for unrealized gains/losses on investments in the amount of $10,219 <br />There were no capital or other expenditures for Fiscal Year 2023/24 to be reported for the <br />Affordable Housing In-Lieu Account. <br />6.A. - Page 32 of 55 <br />37