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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 27 <br />Table 20 Water Capacity Fee: Statement of Revenue, Expenditures, and Changes in Account <br />Balance for the Fiscal Year Ending June 30, 2025 <br /> <br /> <br /> <br />Description FY 2024-25 <br />REV ENUES <br />Fees [1]$556,626 <br />Interest [2]$230,557 <br />Deferred Revenue - <br />Other Revenue - <br />Total Revenues $787,183 <br />EXPENDITURES <br />Capital Improvements $2,525,726 <br />Loan Payments - <br />Other Expenditures - <br />Total Expenditures $2,525,726 <br />REVENUES OVER (UNDER) EXPENDITURES ($1,738,543) <br />Account Balance, Beginning of Year [3]$7,699,822 <br />Account Balance, End of Year [4]$5,961,279 <br />[1] Includes revenues received under the former water capacity fee and water <br />facilities fee and the new water capacity fee, which replaced and consolidated <br />the former fees and became effective on March 22, 2024. <br />[2] Interest calculated on end of year balance. <br />[3] FY 2024-25 beginning of year balance is the end of year balance as reported in <br />FY 2023-24 AB 1600 Annual Report. <br />[4] Includes all balances and revenues received for former water capacity fee and <br />water facilities fee and the new water capacity fee, which replaced and consolidated <br />the former fees and became effective on March 22, 2024. <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 />