REPORT TO THE CITY COUNCIL
December 15, 2016
FROM: SCOTT L. MOZIER, PE, Director
Public Works Department
BY: ANDREW J. BENELLI, PE, City Engineer / Assistant Director
Public Works Department - Traffic & Engineering Services Division
KOU HERR, Senior Accountant Auditor
Public Works Department - Administration Division
SUBJECT
Title
Annual Review and Acceptance of the FY 2016 Impact Fee Annual Report (the "Annual Audited Financial Report") as required by California Government Code (all Council Districts)
Body
RECOMMENDATION
Staff recommends that the City Council review and accept the FY2016 Impact Fee Annual Report (the "Annual Audited Financial Report") as required by California Government Code.
EXECUTIVE SUMMARY
In 1974, the City embarked upon a direction of financing certain public facilities and infrastructure from the establishment of Development Impact Fees. These fees are also referred to as Urban Growth Management (UGM) fees. The stated objective of the Urban Growth Management 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, 2016, in accordance with Section 66006 (b) of the California Government Code. The Annual Audited Financial Report was independently audited by the accountancy firm of Paul C. Chen Accountancy Corporation.
BACKGROUND
The Annual Audited Financial Report was prepared pursuant to the reporting requirements of Section 66006 (b) of the California Government Code. This legislation requires that local agencies account for impact fees and report the beginning balances, fees collected, interest income, transfers, reimbursement...
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