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HomeMy WebLinkAboutStaff Report 3.A 02/25/2019lum DATE: February 25, 2019 TO: Honorable Mayor and Members of the City Council through City Manager FROM: Corey Garberolio, Finance Director Janine Tedrow, Finance and Accounting Mager SUBJECT: Resolution Accepting the Fiscal Year 2018 Development Impact Fee Report Pursuant to AB 1600 RECOMMENDATION It is recommended that the City Council adopt the attached Resolution Accepting the Fiscal Year 2018 Development Impact Fee Report Pursuant to AB 1600. BACKGROUND The Mitigation Fee Act, Gowrnment Code §§66000 et seq., (the "Act") governs the establishment and administration of development impact fees paid by new development projects for public facilities needed to serve new development. Fees must be separately accounted for and used for the specific purpose for which the fee was imposed. Expenditures are authorized through the annual Capital and Operating Budgets and the City's Capital Improvement Program. The annual adopted City Budget is on file with the City Clerk. DISCUSSION The Mitigation Fee Act requires that the City prepare an annual accounting report of all fees subject to the Act (Government Code §66006(b)(1)). In addition, the Mitigation Fee Act requires that the fifth fiscal year following the first deposit into a development fee fund, and every subsequent five years, local agencies must make specified findings regarding unexpended development fee funds. (Government Code § 66001(d)). Such findings are to be made in connection with the annual development impact fee report. The required findings are contained in the resolution included as Attachment 1 to this agenda report. The annual development impact fee report for the year ending June 30, 2018 is included as Attachment 2 to this agenda report. The annual development impact fee report must be made available to interested parties and the public at least 15 days prior to the time the report is presented at a City Council meeting for review by the Council pursuant to Government Code §66006(b)(2). The FY 2017-2018 report was made available to the public on the City of Petaluma website on February 6, 2019; and a copy of the report also was mailed on February 6, 2019 to all persons who had requested mailed notice relating to City fees. FINANCIAL IMPACTS There are no financial impacts directly related to the recommended action. Depending on development activities there may or may not be direct expenditures for some of these funds. There are, however, fixed costs related to the administration and accounting of the development fees, which have been reported as "City Administrative Costs" and which occur regardless of whether direct expenses have occurred. A summary of all impact fee expenditures during FY 2017-2018 is also included in Attachment 2. ATTACHMENTS 1. Resolution Accepting the Annual Development Impact Fee Report 2. FYI 7-18 Annual Development Impact Fee Report M ATTACHMENT 1 RESOLUTION ACCEPTING THE FISCAL YEAR 2018 DEVELOPMENT IMPACT FEE REPORT PURSUANT TO AB -1600 WHEREAS, the City of Petaluma imposes fees to mitigate the impacts of development, pursuant to Government Code § §66000 et seq.; and, WHEREAS, fees collected are deposited into a separate fund account for each type of development impact fee; and, WHEREAS, a description of each fee, its amount, and various information required by Government Code section 66006(b)(1) to be reported on an annual basis is set forth in the Development Impact Fee Report — Fiscal Year 2017-2018 attached hereto as Attachment 2 and incorporated herein by reference ("the Report"), as required by Government Code §66006(b)(1); and, WHEREAS, the Report was made available to the public on the City's website on February 6, 2019; and, WHEREAS, copies of the Report were mailed on February 6, 2019 to all persons having requested notice of City actions relating to fees; and, WHEREAS, the City Council has reviewed the Report; and, WHEREAS, the City of Petaluma has collected development impact fees in certain funds, some of which fees will not be expended within five years from the first deposit of fees into said accounts; and, WHEREAS, Government Code section 66001(d) requires the city to make certain findings every five years with respect to the portion of the funds remaining unexpended five years after the first deposit of fees into said funds; and, WHEREAS, as of June 30, 2018, the following fund accounts have funds remaining unexpended more than five years after the first deposit of fees into said funds: City Facilities Impact Fees Funds, Open Space Acquisition Fee Fund, Storm Drainage Fees Funds and Traffic Impact Fees Funds. I NOW, THEREFORE, BE IT RESOLVED that: 1. The recitals stated herein are true and correct and adopted as findings of the City Council. 2. The City Council has received and reviewed and hereby accepts the Development Impact Fee Report — Fiscal Year 2017-2018 attached hereto as Attachment 2 and incorporated herein by reference ("the Report"). 3. As to the City Facilities Impact Fees, Open Space Acquisition Fee, Storm Drainage Fees and Traffic Impact Fee.Funds, the City Council finds that: a. The purpose to which each fee is to be put is identified generally in Exhibit A of the Report, and more specifically in the City of Petaluma Mitigation Fee Report (Sinclair & Associates, May 8, 2008) and the Development Impact Fee Calculation and Nexus Report for the City of Petaluma, California and Master Facilities Plan for the City of Petaluma, California (both, Revenue & Cost Specialists, L.L.C., August, 2003), as well as the "City of Petaluma Mitigation Fee Act Nexus Report and Quimby Act In -Lieu Report"prepared by Municipal Resource Group and the "Traffic Mitigation Fee Program Update" prepared by Fehr & Peers (both, August, 2012) (collectively, the "Nexus Studies"). Copies of the Nexus Studies are available for inspection at the offices of the City Clerk. b. There is a reasonable relationship between each fee and the purpose for which it is charged, as more fully set forth in and demonstrated by the Nexus Studies. C. The remainder of funds needed to construct the public improvements identified in the Nexus Studies related to each fee will be collected from future development impact fees through 2025, the life of the City of Petaluma General Plan 2025, and from other sources as identified in the Nexus Studies and the City's adopted Capital Improvement Program. d. Future sources and amounts of funding anticipated to complete the financing of specific future capital projects are identified and deposited into the appropriate account as part of the City's Capital Improvement Program budget cycle. No individual development impact fee fund has collected sufficient funds to construct all improvements covered by that fund as described in the Nexus Study. Attachment 2 Mom 9 CITY OF PETALUMA, CALIFORNIA ANNUAL DEVELOPMENT IMPACT FEE REPORT FISCAL YEAR 2017-18 I City of Petaluma Annual Development Impact Fee Report Fiscal Year 2017-18 Background The Mitigation Fee Act, Government Code ,¢x'66000 etseq,, (the "Act") governs the establishment and administration of development impact fees paid by new development projects for public facilities needed to serve new development. Fees must be separately accounted for and used for the specific purpose for which the fee was imposed. The City's adopted development impact fees are listed in the attached exhibits. Expenditures are authorized through the annual Capital and Operating Budgets and the City's Capital Improvement Program. The annual adopted City Budget is on file with the City Clerk. Annual Development Fee Reporting The Act requires that the City prepare an annual review of all development impact fees as defined in the Act and make a public report on the fees available to the public after the end of each fiscal year. Government Code §66006(b)(2) requires the report to be placed on an agenda for review at a public meeting not less than 15 days after the report is made available to the public, The Fiscal Year 2017-2018 report was made available to the public on the City of Petaluma website on February 6, 2019; a copy of the report also was mailed to all persons who had requested mailed notice relating to city fees on February 6, 2019. Excluded ftom this report are developer fees which are not subject to the reporting requirements of the Act. For example, fees collected pursuant to the City's zoning powers, rather than pursuant to the Act, are in -lieu housing fees, the commercial linkage fee which is the non-residential equivalent of an in -lieu housing fee, public art in -lieu fees and one fee related to the Central Petaluma Specific Plan area, Water capacity fees and wastewater capacity fees are not development impact fees as defined in Sections 66006 and 66001 of the Act. The Quimby Act parkland acquisition fee for residential subdivisions is imposed pursuant to the Subdivision Map Act (Gov't. Code §66477), and is also not included in the Section 66001 reporting requirement, The Storm Drainage Fee was last updated in 1986, prior to the January 1, 1989 effective date of AB 1600, but is nevertheless included in this report and findings for informational purposes, The city is also required to adopt by resolution certain findings for any fund accounts which contain unexpended fiends as of the fifth fiscal year following the first deposit into those funds and every five years thereafter. (Gov't. Code §66001(d).) The effected accounts are shown on Exhibit E to this report and are the City Facilities Impact Fees, Open Space Acquisition Fee, Storm Drainage Fees and Traffic Impact Fees. The report is organized as follows: Exhibit A: A brief description of the proposes, of each development impact fee and its authorizing legislation (Gov't. Code §66006(b)(1)(A).) Exhibit B: Sunrrnary of the July 1, 2017 beginning balance, annual fee revenue collected, interest earned, returned unused funds from projects and loan repayments, identification of public improvements on which fees were expended and the ending balance as of June 30, 2018 for each fee (Gov't. Code §66006(b)(1)(C)-(E).) Excess finds from capital project funds were returned to the originating revenue Rinds. The annual expenditures on each specific public improvement are listed, including the total percentage of the cost of the public improvement that was funded with development impact fees. In addition to public improvement project costs, the City incurs costs to administer each mitigation fee program and to prepare the annual reports and the five-year compliance analysis also required by the Act. As shown in the mitigation fee cost studies (or "nexus studies") which support the various impact fees, the City charges administrative and compliance costs at 2% of the program cost for each fee as a program expense. The actual dollar cost for these expenditures is listed for each fee. No individual development impact fee fund has collected sufficient funds to construct all improvements covered by that fund as described in the nexus studies (Gov't. Code §66006(b)(1)(F).) Exhibit C: Identifies the amount of each development impact fee, including the modifications which were adopted May 16, 2016, when the City amended provisions of the Traffic Development Impact Fee and October 3, 2016 when the City amended provisions of the Parkland Development Fee. Exhibit D: Identifies interfund loans, transfers, refunds or reallocation of funds in lieu of refunds in Fiscal Year 2017-2018 (Gov't. Code §66006(b)(1)(G)-(H)). Exhibit E: Shows the funds which have unexpended fees more than five years after the first deposit of money into those funds (Gov't. Code§66006(b)(1)(b).) Exhibit A City of Petaluma Development Impact Fee Summary Fee # Impact Fee Name Fee Authority Brief Description of the Type of Fee 1 (A) Aquatic Center Reso. 2008-086 The Aquatic Center Facilities Impact Fee is to finance the Facilities Impact Fee N.C.S,, May 19, portion of construction of an aquatic complex with a 50 2008 meter lap pool and a 4,500 square foot recreation pool that is related to the project's sot -vices to new development. 2 (A) Community Center Reso, 2008-088, The Community Center Facilities Impact Fee is to Facilities Impact Fee N.C,S,, May 19, finance the expansion of community center facilities, 2008 including furniture and fixtures, to equip new community center facilities space required to reduce the impact of future development. 3 (A) Fire Suppression Reso, 2008-088 The Fire Suppression Facilities Impact Fee is to finance Facilities Impact Fee N.C.S., May 19, specific fire protection and emergency services facilities 2008 to reduce impacts caused by future development, 4 (A) Library Facilities Reso, 2008-090 The Library Facilities Impact fee is to provide funding for Impact Fee N.C.S., May 19, additional library facilities, furniture, fixtures and 2008 collection materials to reduce the impacts caused by future development, 5 Parkland Acquisition Reso, 2014-038 The Parkland Acquisition Fee is imposed on Fee N.C.S., March 3, development projects that are not subject to the Quimby 2014; Reso, 2012- Act, It funds acquisition of and payment for parkland 124 N.C.S., August necessary to maintain the standard established in the 27, 2012; Reso, city's General Plan, based on a ratio of parkland acreage 2008-092 N.C.S., to population, including employees of new commercial May 19, 2008 development, as new residents and employees are added by new development, 6 Parkland Development Reso. 2016-160 The Parkland Development Fee funds public facilities Impact Fee N.C.S; October 3, which improve neighborhood and community parklands 2016; Reso, 2014- as needed to serve new development. 037 N.C.S,, March 3, 2014; Reso. 2012- 122 N,C,S., August 27, 2012; Reso, 2008-093 N.C.S., May 19, 2008 7 Open Space Acquisition Reso, 2014-039 The Open Space Acquisition Fee funds acquisition of and Impact Fee N.C.S., March 3, payment for open space necessary to maintain the city's 2014; Reso. 2012- standard established in its General Plan based on a ratio 123 N.C.S., August of open space acreage to population, including employees 27, 2012; Reso, of new commercial development, as new residents and 2008-091 N.C.S,, employees are added by new development. May 19, 2008 I 8 (A) Law Enforcement Reso. 2008-089 The Law Enforcement Facility Fee fiords the portion of Facilities Impact Fee N,C,S., May 19, construction of new law enforcement facilities, including 2008 a new police station and two communications towers, and acquisition of police vehicles and equipment, that is related to the need to serve new development. 9 Public Facilities Impact Reso. 2008-094 The Public Facilities Impact Fee funds a proportionate Fee N.C.S., May 19, share of City Hall renovation or relocation, corporation 2008 yard construction and VOIP and Wi-Fi communications systems. It also funds additional computer technology and city vehicles to serve the added population and employees brought to the city by new development. 10 '(A) City Facilities Reso. 2014-036 The City Facilities Development Impact Fee funds Development Impact N.C.S., March 3, design, engineering, right-of-way and reasonable costs of Fee 2014; Reso. 2012- outside consultant studies related thereto, reimburse the 121 N.C.S., August City for the Facilities constructed by the City with fiords 27, 2012 from other sources including funds from other public entities, reimburse developers who have designed and constructed any of the facilities with prior City approval and have entered into an agreement and pay for and/or reimburse costs of program development and ongoing administration and maintenance for the Fee program, including, but not limited to, the cost of studies, legal costs, and other costs of updating the Fee. 11 Storm Drainage Impact Ord. 1530 N.C,S., The Storm Drainage Impact Fee funds the construction of Fee eff. Sept, 20, 1982; storm drainage improvements needed to control increases Ord. 1653 N.C.S., in run-off created by new development projects. The eff. June 2, 1986 Storm Drainage Impact Fee was adopted and last updated (Petaluma Municipal before the enactment and effective date of A131600, but is Code Chapter 17.30); included in this report for informational purposes, Reso. 9751 N.C.S,, June 2, 1986 12 Traffic Development Reso.2016-76 The Traffic Development Impact Fee funds construction Impact Fee N.C.S. May 16, 2016 and implementation of improvements to key elements of Reso 2015-191 the citywide transportation system sufficient to N.C.S., Dec 7, 2015; accommodate future traffic demand generated by new Reso 2014-112 development. N.C.S., July 7, 2014 Reso. 2014-040 N.C.S., March 3, 2014; Reso. 2012- 125 N.C.S., August 27, 2012; Reso. 2008-095 N.C.S., May 19, 2008 (A) The City Facilities Impact Fee consolidated the following six previous development impact fees into a single fee: Aquatic Center Facilities Impact Fee, Community Center Facilities Impact Fee, Fire Suppression Facilities Impact Fee, Law Enforcement Facilities Impact Fee, Library Facilities Impact Fee, and the Public Facilities Impact Fee. WIN Development Impact Fee Report Fiscal Year 2017-18 F--1_ -- -- - - --.. Fund ) Fund Title / Protect Title 1 211.0_ 1v,, jAquatic Center Facilities Impact Fees City adnvnistrative costs i 2120 tar I Community Facilities Impact Fees 1 (City administrative costs 2121 (A) (Community Center Facilities 08 ` jCity administrative costs 1 2125 I oA !Fire Suppression Facilities Impact Fees I ICAY administrative costs 213.5_ 1 (A) ILibrary Facility Impact Fees 1 _lCity admnnstratn e costs 21.4.1_ 1 (Parkland Acquisition Impact Fees 08 1 iCity administrative costs 2142 I 1Parlrland Development Impact Fees -08 1.14501607 Pet Comm_Sports Field -Baseball 1 Cityadministrative costs--_ 2143 ( 'Open Space Acquisition Impact Fees 08 City admuustrabve costs c00400304River Plan McNear project 2145 I_iA>,IL."LijiforeementFaeilities - Impact Tees_ty - - City ado----- trve costs 2150 1 (A)1Publie Facilities Impact Fees (City admmrstratmve costs 2151 I cAr [Public Facilities Impact Fees -08 .. __ _.. 2152City ,acrbtiesDevelopmentImpactFees City administrative costs 21.55 1 (Storm Drainage Impact Fees Ic16301518 Old Corona Rd Water Quality 1e16501826 Storm Water Resources Plan 1e16301722 Petaluma River Flood Mgmt Demnal 1 _1.16301415 Surface Water projects mu _ 1 I Cityadustra ive costs - Exhibit B 1 Ftund Balance Fee 1 Interest 1 Return Onused 1 Expenditures/ Est % funded 1 Endmg Balance 1 7/1/2017- Revenue I Revenue ]Funds /loan rep�mt! Transfers I by ImpactFees 1 6/30/2018 1 86,512 _ .12 I 3,737,001 1,103.96 1 91,278.34 74.74 1 - - 100.0%, - -- 1 1,091,901.26 13867.001 10,728,631 277.341 I 1,116,219.55 I _ I 277._34 1 100.0%°I 193,810.48 1 2,232,001 2,411.441( ( 44.64 1 1 198,409.28 1 I 44.64 1, 100.0%1 I 287,268.92 I 9,772.001 3,642.13 I 195.44 1 300,487.61 __.- 1 _I 195.44 1. _ - 100.00M 250,965.931 6,238.001 3,161.831 124.761 ( 260,241,00 124,761 __ .. 100 1,035543.15 241107.53 10,522.261 4,822.151 1 1,282,350.79 ..... _. - I 4822.151.._ _ 100.0°/J, _ 1,141,216.98 1 794,805.75 I 13,080.60 1 l 15 896. i2 ( I 1,833,207.21 153896.12 1 t00_.0% i 189,946.90 64,074.53 2, -I 579.45 1 69,176.73 187,424.15 _. +I+ .......... f �._ .17,781,49 ` 100.0%1 _ 51,395.24.1 .. 7.0%1 467,288.96 I 8,288.00 I 5,857.11 I I 165.76 ( 481,268,31 1 I 165.76 100.0%1 201,566.461 15,204.00 2,629.231 I 304.08 1 219,095,61 304.08 1 100.00/01 174,894.641 2,228.121 (63.19)1 _ - 177,059,57 1 585,686.28 810,213.52 1 17, 23 116204.27) 2,396,828.31 1 1 I _ 16,204.27 1 100.0%] 2,784,891.59 1 - 1 25,506.221 I 81,706.17) 2728691.64 28 000.00 1.. 46.6% 10000.00.1. 3 1% 63.1%- 1 1 29'000.()o ..._ 2.7% - _ 1 14,706.17 1 _. _. _ 100.0%01 Exhibit B Fund I Fund Tdle / Prglect Title — 2156 IStormDraina Drainage -Impact _-g297,771,34 1City administrathecosts Fund Balance Fee 7/1/2017 i Revenue 112,792,54 Interest ' Revenue _ 1 4,523.13 ; Return Unused jFunds /loan repymt 1 Et nditures/ r nsfers 2 55,85 Est % funded by Impact Fees 1 ; gndmg Balance 6/30!2018 -- 412,831.16 1 j 1 2,255.85, 100.0% 1 2160 1 (Traffic Impact Fees - - I 3,366,538.381 - 1 31,589.551 1 34,000.001 3,364,127.931 _ _- ( __- _ 1 l 34000.00 19.1% --. _1-- I Ic65101807Transit Signal Priority PhIII 1 City ndmmistrative costs_ 2161 1 1Traffic Impact Fees -08 j 1 i 000501204 Rainier Ave Cross town connector I (Cityadministrative costs 1 _ 20,491,747.71 1 2,596,672.68 1 225,115.29 1 4,736,218.99 1 7,051,933.45 20997,821.22 I 1 1 I51,933 j � 1 1 7,000000.00 51,933.45 � -451 0.0%j v 1 100.0% I j (A) The City Facilities Impact Fee consolidated the following six previous development impact fees into a single fee: Aquatic Center Facilities Impact Fee, Community Center Facilities Impact Fee, Fire Suppression Facilities Impact Fee, Law Enforcement Facilities Impact Fee, Library Facilities Impact Fee, and the Public Facilities Impact Fee, Exhibit C FY 17/18 Development Impact Fee Schedule FEE TYPE LAND USE TYPE FEE UNIT OF MEASUREMENT City Facilities Development Impact Fee )0') Single Family Residential $6,056 Unit Multifamily Residential $4,077 Unit Accessory Dwelling $2,077 Unit Commercial $1,147 1,000 sq ftofbuilding space Office $1,096 1,000 sq ftofbuilding space Industrial $698 1,000 sq ft of building space Commercial Development Housing Linkage Fee Commercial $2.34 Square Foot Retail $4.03 Square Foot Industrial $2.41 Square Foot _ — - Open Space Acquisition Fee Sin le Family Residential $425 Unit Multifamily Residential $286 Unit Accessory Dwelling $146 Unit Commercial $81 1,000 sq ft of building space Office $78 1,000 sq ft of buildings ace Industrial $49 1,000 sq ft of building space Park Land Acquisition Fee (Quimby and Non - Quimby Act Projects)(B) Single Family Residential $1,812 Unit Multifamily Residential $1,226 Unit Accessory Dwelling $621 Unit Commercial $344 1,000 sq ft of buildings ace Office $328 1,000 sq ft of building space Industrial $209 1,000 sq ft of building space. Park Land Development Impact Fee Single Family Residential $5,992 Unit Multifamily residential $4,035 Unit Accessory Dwelling $2,055 Unit Commercial $1,135 1,000 sq ft of building space Office $1,086 1,000 sq ft of building space Industrial $691 1,000 Exhibit C FY 17/18 Development Impact Fee Schedule FEE TYPE LAND USE TYPE FEE UNIT OF MEASUREMENT Traffic Development Impact Fee Single Family Residential $ 15,229 Unit Multifamily Residential $ 9,348 Unit Accessory Dwelling $ 4,222 Unit Senior Housing $ 4,070 Unit Office $ 20,115 1,000 sq ft of building space Hotel/Motel $ 5,999 Room Commercial/ShoppingCorm-nercial/Shopping $ 29,427 1,000 sq ft of building space Industrial/Warehouse $ 11,911 1,000 sq It of building space Education $ 1,499 Student Institution $ 6,171 1,000 sq ft of building space Gas/Service Station $ 49,262 Fuel Position Wastewater Capacity Fee (o) Single Family Residential $8,034 Unit Multifamily Residential $5,319 Unit Accessory Dwelling $2,956 Unit Non -Residential Customers $ 17.04 $ 3,869 $ 4,436 Per gallon daily flow Per daily pound of BOD Per daily pound of TSS Water Capacity Fee (per meter size) METE R�SIZE FEE % $3,911 1" (residential) $3,911 1" (non-residential) $6,530 11/2 $13,022 2" $20,843 3" $39,105 4" $65,188 6" $129,047 >6 Case by Case basis (a) The City Facilities Impact Fee consolidated the following six previous development impact fees into a single fee; Aquatic Center Facilities Impact Fee, Community Center Facilities Impact Fee, Fire Suppression Facilities Impact Fee, Law Enforcement Facilities Impact Fee, Library Facilities Impact Fee, and the Public Facilities Impact Fee. (b) The Quimby Act applies only to fees and/or dedications imposed on certain subdivisions subject to the Subdivision Map Act to fund land acquisition costs for parr or recreational purposes. I 4 Exhibit C (c) The wastewater capacity fee for non-residential users is based on the daily flow, biological oxygen demand and the total suspended solids of the wastewater being discharged. Please contact the Department of Public Works & Utilities at 707-778-4546 for a quote. STORM DRAIN IMPACT FEE Calculation of Fee Runoff computation: The increase in runoff created by a given project is calculated for a 100 -year storm, utilizing runoff coefficients based upon the portion of vegetated area to impervious surfaces, and expressed in acre-foot. Runoff coefficients are based upon the type of use, slope of the land, and percent of vegetation coverage. Commercial/Industrial: Projects pay a fee of $30,000 per acre foot of additional runoff. The amount of incremental runoff created is directly linked to the amount of landscaping provided. The maximum fee possible is $9,000 per acre of land. This would apply to a project with 20% or less landscaping. A project with 25% landscaping can expect a fee of $6,750 per acre, 30% would pay $6,300 per acre, and so on. Residential: Projects pay a fee of $15,000 per acre foot of additional runoff. Incremental runoff is dependent upon the density of a project and the amount of landscaping and open space provided. A high density project with 20% or less area in landscaping could expect to pay $4,500 per acre. A type detached single-family subdivision would pay approximately $1,500 per acre. 1� Exhibit D Status of Interfund Loans, Transfers, Refunds or Reallocation of Funds Fiscal Year 2017-18 Interfund Loans The Storm Drainage Impact Fee fund loaned the Storm Water Utility Operations fund $690,230 to cover storm water maintenance costs from January 1, 2012 through June 30, 2013. Payment of principal and interest for FY 17-18 was $44,348. The balance as of June 30, 2018 is $520,729. This loan is scheduled to be repaid by June 30, 2026. The Community Facilities Impact Fee fund loaned the Parks CIP fund $40,563 through June 30, 2018 to renovate the Swim Center pool heating boilers. All payment of principal and interest are payable upon receipt of the PG&E General On -Bill Financing Loan described in Resolution No. 2011-170 N.C.S. and 2013-004 N.C.S. This balance was paid off as of July 2018. There were no Transfers, Refiinds or Reallocation of Funds during FY 17-18. �W Exhibit E Funds Containing Unexpended Fees More than five years after First Deposit to Fund Fund Name Fund Balance 6/30/2013 5 -Year Revenue 5 -Year Expenditures Fund Balance 6/30/2018 J City Facilities Development Fees 2,865,289.08 2,618,943.20 243,344.70 5,240,887.58 Open Space Acquisition 138,394.48 124,318.04 75,288.37 187,424.15 Storm Drainage Impact fees 3,240,884.28 1,057,820.35 1,157,181.83 3,141,522.80 Traffic Impact fees 2,514,711.10 2,058,315.57 1,208,898.74 3,364,127.93 (A) The City Facilities Impact Fee consolidated the following six previous development impact fees into a single fee; Aquatic Center Facilities Impact Fee, Community Center Facilities Impact Fee, Fire Suppression Facilities Impact Fee, Law Enforcement Facilities Impact Fee, Library Facilities Impact Fee, and the Public Facilities Impact Fee.