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Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2025 <br /> <br />City of Redwood City 14 <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, 2025 <br /> <br /> <br /> <br /> <br /> <br />12 66013(d) is specific to water and wastewater capacity and facility fees. <br />Description FY 2024-25 <br />REVENUES <br />Fees 44,045 <br />Interest [1]877,299 <br />Deferred Revenue - <br />Other Revenue - <br />Total Revenues $921,344 <br />EXPENDITURES <br />Capital Improvements - <br />Other Expenditures [2]1,644 <br />Total Expenditures $1,644 <br />REVENUES OVER (UNDER) EXPENDITURES $919,700 <br />Balance, Beginning of Year [3]$21,763,694 <br />Balance, End of Year $22,683,394 <br />[1] Interest is calculated on end-of-year balance <br />[2] Other expenditures include professional/technical consulting services and <br />staff oversight to prepare the Traffic Impact Fee Nexus Study. <br />[3] FY 2024-25 beginning of year balance is the end of year balance as reported <br />in FY 2023-24 AB 1600 Annual Report. <br />ATTY/RESO.0124/CC RESO ACCEPTING THE DEVELOPMENT IMPACT FEES REPORT FOR FISCAL YEAR 2024-25 - ATTACHMENT A <br />REV: 12-05-25 MI <br />