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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 22 <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, 2025 <br /> <br /> <br />There were no capital or other expenditures for Fiscal Year 2024-25 to be reported for the <br />Affordable Housing In-Lieu Account. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Description FY 2024-25 <br />REVENUES <br />Fees - <br />Interest [1]29,657 <br />Deferred Revenue - <br />Other Revenue - <br />Total Revenues $29,657 <br />EXPENDITURES <br />Capital Improvements - <br />Loan Payments - <br />Other Expenditures - <br />Total Expenditures $0 <br />REVENUES OVER (UNDER) EXPENDITURES $29,657 <br />Account Balance, Beginning of Year $964,424 <br />Adjustment for Residual Receipt Loans [2]$227,261 <br />Adjusted Account Balance, Beginning of Year [3]$737,163 <br />Account Balance, End of Year $766,820 <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 2024-25 adjusted account beginning of year balance is the end of year <br />balance as reported 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 />