BACKGROUND
Annually, the City is required to report on the disposition of collected development fees and to provide information related to the use of these fees when funding capital improvements. Pursuant to Government Code Section 66006 (b), this Report must be reviewed by the City Council at a public meeting, not less than fifteen days after this information is made available to the public. The attached Report summarizes the activity in several development impact fee funds, and it pertains to information for Fiscal Year ending June 30, 2022.
Fees that have been deposited with the City for more than five (5) years must be identified and evaluated as required by Government Code Section 66001 (d)(1). The City does not have any funds that were originally deposited in, or prior to, June 30, 2017. First funds received are first funds utilized.