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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 18 <br />Affordable Housing Impact Fees <br />Table 11 Affordable Housing Impact Fee Account: Statement of Revenue, Expenditures, <br />and Changes in Account Balance for the Fiscal Year Ending June 30, 2025 <br /> <br /> <br />Description FY 2024-25 <br />REV ENUES <br />Fees - <br />Interest [1]210,117 <br />Deferred Revenue - <br />Other Revenue - <br />Total Revenues $210,117 <br />EXPENDITURES <br />Capital Improvements - <br />Loan Payments - <br />Other Expenditures [2]23,078 <br />Total Expenditures $23,078 <br />REVENUES OVER (UNDER) EXPENDITURES $187,039 <br />Account Balance, Beginning of Year $7,941,631 <br />Adj ustment for Residual Receipt Loans [3]$2,695,886 <br />Adjusted Account Balance, Beginning of Year [4]$5,245,745 <br />Account Balance, End of Year [5]$5,432,784 <br />[1] Interest calculated on end of year balance. <br />[2] Other expenditures include professional/ technical consulting services and staff <br />oversight of the Affordable Housing Ordinance update. <br />[3] Reflects residual receipt loans for 1512 Stafford – HIP Housing $1,099,000; <br />3752-3770 Rolison Rd (Mosaic Gardens) – MidPen $1,084,472; and, <br />353 Main Street – ROEM $512,414. <br />[4] FY 2024-25 adjusted account beginning of year balance is the end of year balance as <br />reported in FY2023-24 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 />