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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 16 <br /> <br />Park Impact Fees <br />Table 9 Parks Impact Fee Account: Statement of Revenue, Expenditures, and Changes in <br />Account Balance for the Fiscal Year Ending June 30, 2025 <br /> <br /> <br />Description FY 2024-25 <br />REVENUES <br />Fees 168,925 <br />Interest [1]44,817 <br />Deferred Revenue - <br />Other Revenue [2]5,059,618 <br />Total Revenues $5,273,361 <br />EXPENDITURES <br />Capital Improvements 43,708 <br />Loan Payments - <br />Other Expenditures - <br />Total Expenditures $43,708 <br />REVENUES OVER (UNDER) EXPENDITURES $5,229,653 <br />Account Balance, Beginning of Year [3]($4,070,865) <br />Account Balance, End of Year $1,158,788 <br />[1] Zero interest in FY 2024-25 due to negative balance as of end of year <br />[3] FY 2024-25 beginning of year balance is the end of year balance as <br />reported in FY 2023-24 AB 1600 Annual Report. <br />[2] Other Revenue includes an interfund loan transfer from the General <br />Fund in the amount of $5,059,618 <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 /> <br />8.A. - Page 26 of 55 <br />37