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File #: ID18-1462    Version: 1 Name:
Type: Action Item Status: Passed
File created: 11/19/2018 In control: City Council
On agenda: 12/6/2018 Final action: 12/6/2018
Title: Annual Review and Acceptance of the FY 2018 Impact Fee Annual Report As Required By California Government Code
Sponsors: Public Works Department
Attachments: 1. 18-1462 FY18 UGM Annual Report.pdf
REPORT TO THE CITY COUNCIL


December 6, 2018


FROM: SCOTT L. MOZIER, P.E., Director
Public Works Department

BY: ANDREW J. BENELLI, P.E., City Engineer/Assistant Director
Public Works Department, Traffic Operations & Planning Division

SUBJECT
Title
Annual Review and Acceptance of the FY 2018 Impact Fee Annual Report As Required By California Government Code

Body
RECOMMENDATIONS

Staff recommends that the City Council review and accept the FY2018 Impact Fee Annual Report (the "Annual Audited Financial Report") as required by California Government Code.

EXECUTIVE SUMMARY

In 1974, the City began financing certain public facilities and infrastructure by establishing impact fees commonly referred to as Urban Growth Management (UGM) fees. The stated objective of the process is to facilitate urban development in such a way that the expansion of urban service delivery systems can be accomplished in a fiscally sound manner, while still providing required City services on an equitable basis to all community residents. The accompanying Annual Audited Financial Report is a complete accounting of the UGM and citywide impact fees for the fiscal year ended June 30, 2017, in accordance with Section 66006(b) of the California Government Code. The Annual Audited Financial Report was independently audited by the accountancy firm of Dritsas Groom McCormick LLP.

BACKGROUND

The Annual Audited Financial Report was prepared pursuant to the reporting requirements of Section 66006(b) of the California Government Code, which requires that local agencies account for impact fees and report the beginning balances, fees collected, interest income, transfers, reimbursements, expenditures and the ending balances for each fiscal year. The legislation also requires that the report include information on the status of the project(s) to be constructed with the impact fees. The Annual Audited Financial Report materially includes this information from July 1, 2017, through J...

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