HomeMy WebLinkAboutCC RES 2020-821
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RESOLUTION NO. 2020-82
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
DESERT, CALIFORNIA, MAKING FINDINGS REGARDING THE
CONTINUING NEED FOR UNEXPENDED BALANCES OF IMPACT
FEES AS OF JUNE 30, 2020
WHEREAS, Government Code Sections 66000 through 66008 (known as and referenced
to herein as "AB1600") regulate the imposition, collections, maintenance, expenditure and
reporting of impact fees imposed on developers for the purpose of defraying costs of public
facilities; and
WHEREAS, a public hearing on the annual report of development impact fees for the
period ending June 30, 2020 was held by the City Council on December 10, 2020, and the public
testimony, if any, provided therein was duly considered; and
WHEREAS, in accordance with the provisions of AB1600, the City of Palm Desert ("City")
has set up separate special revenue funds for each type of fee the City imposes, crediting earned
interest to those funds, and spending the accumulated fees and related interest on appropriate
expenditures; and
WHEREAS, AB1600 requires the City to make specific findings every five (5) years with
respect to any portion of the fees remaining unexpended or uncommitted after a period of five (5)
years; and
WHEREAS, the City Council desires to make the findings required by law, with respect to
the unexpended fees.
NOW THEREFORE, THE CITY COUNCIL OF THE CITY OF PALM DESERT
RESOLVES, FINDS, DECLARES AND DETERMINES AS FOLLOWS:
Section 1. That the City finds that all of the foregoing recitals are true and correct and
are hereby incorporated and adopted as findings and determinations by the City Council as if fully
set forth herein.
Section 2. That the City has identified impact fees collected from developers that are
subject to AB1600's requirements. Those funds are:
• Housing Mitigation Fee (Fund 214)
• Child Care Facility Fund (Fund 228)
• New Construction Tax Fee (Fund 231)
• Drainage Facility Fee (Fund 232)
• Park & Recreation Fee (Fund 233)
• Traffic Signalization Fee (Fund 234)
• Fire Facility Fund (Fund 235)
Section 3. That pursuant to Section 66006, the City has prepared an annual report for
at least the last five fiscal years, reflecting the beginning and ending balances of each separate
fund containing impact fees, the amount of fees collected and the interest earned for the year, the
amount of expenditures attached hereto as Exhibit A.
RESOLUTION NO. 2020-82
Section 4. That a copy of the annual report has been on file and available for review in
the City Clerk's Office by the public, for at least 15 days prior to action taken herewith.
Section 5. That the City Council hereby makes the findings required by law, with respect
to these unexpended fees, and has: 1) identified the purpose to which the fees are to be put; 2)
demonstrated the relationship between the fees and the purposes for which they are charged; 3)
identified all sources and amounts of funding anticipated, to the extent that they are known, to
complete financing of the improvement.
Section 6. That these findings are based on the information provided in the City of Palm
Desert's Development Impact Fees Annual Report, the City of Palm Desert's annual operating
budget and the Capital Improvement Program for Fiscal Year 2020-2021 to 2024-2025. Which is
incorporated herein by reference.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert City
Council held on this 10th day of December, 2020, by the following vote, to wit:
AYES: HARNIK, JONATHAN, NESTANDE, QUINTANILLA, and KELLY
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
lfiGC� 4c4-----
G ACE L. ROCHA, ACTING CITY CLERK
CITY OF PALM DESERT, CALIFORNIA
APPROVED AS TO ORM:
ROBER1 `W. HARGI�E
BEST, s ST & KRIEQE
CITY ATTORNEY
KATHLEE QvicV‘1\
ELLY,
Page 2 of 2
RESOLUTION NO. 2020-82
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EXHIBIT A
CITY OF PALM DESERT
DEVELOPMENT IMPACT FEE ANNUAL REPORT
FISCAL YEAR 2019-20
This report contains certain information required to be filed annually by the City of Palm Desert (the "City") in accordance
with the Mitigation Fee Act, commencing with Section 66000 of the California Government Code. The reporting
requirements set forth in the Mitigation Fee Act (the "Act") are applicable to the impact fees imposed on new development in
the City. The Act requires that a public agency, on an annual basis, make available to the public within 180 days after the
last day of each fiscal year the following information for the past fiscal year:
1) A brief description of the type of fee in the account or fund.
2) The amount of the fee.
3) The beginning and ending balance of each account or fund.
4) The amount of the fees collected and the interest earned.
5) An identification of each public improvement on which fees were expended and the amount of the expenditures on each
improvement, including the total percentage of the cost of the public improvement that was funded with fees.
6) An identification of an approximate date by which the construction of the public improvement(s) will commence if the
County determines that sufficient funds have been collected to complete financing of an incomplete public improvement(s),
and the public improvement(s) remains incomplete.
7) A description of each interfund transfer or loan made from the account or fund, if any, including the public improvement
on which the transferred or loaned fees will be expended, and, in the case of an interfund loan, the date on which the loan
will be repaid, and the interest rate that the account or fund will receive on the loan.
8) The amount of refunds made due to sufficient funds being collected to complete financing on incompete public
improvements, and the amount of reallacation fo funds made due to adminstratvie costs of refunding unexpended revenues
exceeding the amount to be refunded.
The Development fee programs included in this report are the following:
Section A — Housing Mitigation Fee (Fund 214)
Section B — Child Care Facility Fund (Fund 228)
Section C — New Construction Tax Fee (Fund 231)
Section D — Drainage Facility Fee (Fund 232)
Section E — Park & Recreation Fee (Fund 233)
Section F — Traffic Signalization Fee (Fund 234)
Section G — Fire Facility Fund (Fund 235)
The City's Five Year Capital Improvement Program Budget is attached as a reference to future projects using existing cash
balances for FY 2021-2022 through 2025-2026
RESOLUTION NO. 2020-82
Section A- Housing Mitigation Fee (Fund 214)
Brief description of the type of fee in the fund:
The Housing Mitigation Fee is used to mitigate the low-income housing impacts caused by commercial and industrial
development. The fee is used to help construct or provide low-income housing assistance to employees, working within the
juridictional boundaries of the city, with affordable housing. The fee is based on: $1/sq. ft. - Commercial; $0.33/sq. ft. -
Industrial; $0.40/sq. ft. - Professional; $1,000/room - Resort Hotel; $620/Room Non -Resort.
Part 1 - Fund Balance, Revenue, Interest, Expenditures, Ending Balance
2015-2016
Beginning Balance $ 2,256,769 $
Developer Fees
Interest Income
Gain (Loss) on Fair Value
HCD Grant
Loan Proceed
Interest on Loan
$ 258,339 $
$ 15,078 $
2016-2017 2017-2018
2,530,186 $ 2,797,065 $
242,858 $
15,354 $
$ 273,417 $ 258,212 $
30,975 $
34,599 $
65,574 $
$ 60,000 $ 26,699
$ 8,667
Expenditures $ - $ (60,000) $ (30,540) $
Transfers out
Ending Fund Balance $ 2,530,186 $ 2,797,065 $ 2,858,798 $ 3,026,646 $ 3,489,660
2018-2019 2019-2020
2,858,798 $ 3,026,646
113,651 $
66,427 $
16,181 $
196,258 $
309,046
65,569
11,002
385,617
Part II - Compliance with expending funds within 5 years
Five Year Revenue Test Usina First In First Out
2015-2016
Current $ 273,417 $
Prior Year (2-Yrs Old) $ 57,767 $
Prior Year (3-Yrs Old) $ 63,693 $
Prior Year (4-Yrs Old) $ 53,898 $
Prior Year (5-Yrs Old) $ 22,914 $
Greater Than 5 Prior FY $ 1,468,046 $
Ending Balance $ 1,939,735 $
Exclude Loan Proceed $ 540,000 $
Exclude Interest on Loan $ 50,451 $
Exclude HCD grant
Ending Balance
2,530,186 $
Affordable Projects FY 2020-2021
36 Unit ARC Village
Merle Street Self -Help $ 50,000
San Pasqual Project
10 Acre Affordable Dev sub
Parksite 200 units subsidy
Housing Mitigation
Homebuyer Subsidies
200,000
60,000
310,000
2016-2017
258,212
273,417
57,767
63,693
53,898
1,430,960
2,137,947
600,000
59,118
2017-2018
$ 65,574
$ 258,212
$ 273,417
$ 57,767
$ 63,693
$ 1,454,318
$ 2,172,981
$ 626,699
$ 59,118
$ 90,000
$ 22,387
(28,411) $
2018-2019
$ 196,258
$ 65,574
$ 258,212
$ 273,417
$ 57,767
$ 1,489,600
$ 2,340,829
$ 626,699
$ 59,118
2,797,065 $ 2,858,798 $
Future Years
Commitments
$ 250,000
$ 250,000
$ 750,000
$ 1,000,000
$ 1,000,000
$ 1,000,000
$ 240,000
$ 4,490,000
Total
Commitments
$ 250,000
$ 250,000
$ 750,000
$ 1,000,000
$ 1,000,000
$ 1,200,000
$ 300,000
$ 4,750,000
(34,989) (a)
2019-2020
$ 385,617
$ 196,258
$ 65,574
$ 258,212
$ 273,417
$ 1,512,378 (1)
$ 2,691,457
$ 716,699
$ 81,505
3,026,646 $ 3.489.660
% Funded with Dev. Funding
Fee Available Date
TBD
TBD
TBD
TBD
TBD
100%
100%
On going
On going
(1) The Housing Mitigation Fees being held beyond the five years as described by AB1600. This fee is being collected for the
purpose of subsidizing housing cost as part of the City's program to provide affordable housing for low and very low income
households that have at least one employee working within the jurisdictional boundaries of the City.
I(a) FY19-20 Expenditures Details: AMOUNT
RICHARDS WATSON HSG MIT LGL SV $ 34,989
(Self -Help)
$ 34,989
RESOLUTION NO. 2020-82
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Section B - Child Care Facility Fund 228
Brief description of the Noe of fee in the fund:
The City of Palm Desert is interested in providing funding, through impact fees for new child care homes and centers, in order to meet
some of the child care demand generated by employees and commercial uses in the City. A nexus study was prepared and approved
by the City Council in August 2005. Annually, the City considers projects and any applicable budget requests to use these funds to
create new facilities and equipment.
Part 1 - Fund Balance, Revenue, Interest, Expenditures, Ending Balance
2015-2016
2016-2017 2017-2018
2018-2019 2019-2020
Beginning Balance $ 1,021,065 $ 1,196,989 $ 1,273,376 $ 1,332,828 $ 1,396,599
Developer Fees
Interest Income
Gain (Loss) on Fair Value
Expenditures
Transfers out
Ending Fund Balance
$ 168,940 $
$ 6,984 $
$ 175,924 $
$ - $
$ 1,196,989 $
Part II - Compliance with expending funds within 5 years
Five Year Revenue Test Usina First
Current
Prior Year (2-Yrs Old)
Prior Year (3-Yrs Old)
Prior Year (4-Yrs Old)
Prior Year (5-Yrs Old)
Greater Than 5 Prior FY
Ending Balance
Child Care Facilities - expand licensed
day-care offerings in Freedom Park
In First Out
2015-2016
$ 175,924
$ 29,520
$ 29,136
$ 20,847
$ 26,854
$ 914,708
$ 1,196,989
FY 2019-20
Carryover
Projects
69,482 $ 43,649 $ 25,499
6,904 $ 15,803 $ 31,126
$ 7,146
76,387 $ 59,452 $ 63,771 $
- $ - $ - $
50,309.10
27,991.50
4,383.94
82,685
1,273,376 $ 1,332,828 $ 1,396,599 $ 1,479,283
2016-2017 2017-2018 2018-2019 2019-2020
$ 76,387 $ 59,452 $ 63,771 $ 82,685
$ 175,924 $ 76,387 $ 59,452 $ 63,771
$ 29,520 $ 175,924 $ 76,387 $ 59,452
$ 29,136 $ 29,520 $ 175,924 $ 76,387
$ 20,847 $ 29,136 $ 29,520 $ 175,924
$ 941,562 $ 962,409 $ 991,545 $ 1,021,065 ( 1 )
$ 1,273,376 $ 1,332,828 $ 1,396,599 $ 1,479,283
Future Years Total % Funded with Funding Available
Commitments Commitments Dev. Fee Date
$ 1,530,000 $
400,000 $ 1,930,000 TBD On going
(1) The Child Care Facilities Fee being held beyond the five -years as described by AB1600. This fee is being collected for land
acquisition and development of a new child care facilities and therefore must be retained until enough fees have been collected to start
the project.
RESOLUTION NO. 2020-82
Section C - New Construction Tax Fee (Fund 231)
Brief descriotion of the tvoe of fee in the fund.
The New Construction Tax Fee is used for acquisition and development of public facilities like playgrounds, public structures, and
street improvements Annually the City Council approves a five year Capital Improvement Program budget that reflects current
projects along with future committed projects utilizing these fees The fee is based on: Industrial Buildings $0.051sq. ft.; Residential
units $0.40/sq. ft., all other development $0.40/sq. ft.
Part 1 - Fund Balance, Revenue, Interest, Expenditures, Ending Balance
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
Beginning Balance $ 1,286,666 $ 1,318,647 $ 1,486,099 $ 1,656,520 $ 1,342,716
Developer Fees $ 223,743 $ 199,849 $ 158,147 $ 174,981 $ 163,899
Interest Income $ 4,756 $ 4,939 $ 12,274 $ 27,570 $ 28,575
Gain (Loss) on Fair Value $ 6,845 $ 5,099
$ 228,499 $ 204,788 $ 170,421 $ 209,396 $ 197,573
CVAG- Reimbursed CV Link Project $ 12,083
Expenditures $ (196,517) $ (37,337) $ $ - $ (22,107) (a)
Write-off Advance to RDA $ (523,200)
Ending Fund Balance $ 1,318,647 $ 1,486,099 $ 1,656,520 $ 1,342,716 $ 1,530,265
Exclude Advance to RDA: $ (654,000) $ (654,000) $ (654,000) $ (130,800) $ (130,800)
Ending Balance of available Revenue: $ 664,647 $ 832,099 $ 1,002,520 $ 1,211,916 $ 1,399,465
Note: Not include interest on Advance
Part II - Compliance with expending funds within 5 years
Five Year Revenue Test Usina First in First Out
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
Current $ 228,499 $ 204,788 $ 170,421 $ 209,396 $ 197,573
Prior Year (2-Yrs Old) $ 208,723 $ 228,499 $ 204,788 $ 170,421 $ 209,396
Prior Year (3-Yrs Old) $ 227,426 $ 208,723 $ 228,499 $ 204,788 $ 170,421
Prior Year (4-Yrs Old) $ 190,089 $ 208,723 $ 228,499 $ 204,788
Prior Year (5-Yrs Old) $ 190,089 $ 208,723 $ 228,499
Greater Than 5 Prior FY $ 190,089 $ 376,706 (1)
Ending Balance $ 664,647 $ 832,099 $ 1,002,520 $ 1,211,916 $ 1,387,383
CVAG- Reimburse CV Link $ 12,083
Tie to ending balance on Fund Balance $ 664,647 $ 832,099 $ 1,002,520 $ 1,211,916 $ 1,399,465
CV Link Painters Path Spur Phase I and 11
Future Years Total % Funded with Funding
FY 2020-2021 Commitments Commitments Dev. Fee Available Date
$ 1,500,000 $ 1,420,000 $ 2,920,000 TBD On going
$ 1,500.000 $ __ 1,420,000 $ 2,920,000
City of Palm Desert advanced $654,000 to the former Redevelopment Agency in 1986. The advance was written off in the
amount of $523,200 in FY2019-2020 due to this portion of the advance currently being denied for repayment by the State
Department of Finance. If the repayment is reconsiderred for payment in the future then the amount will be reinstated.
(1) The New Construction Fee being held beyond the five -years as described by AB1600. This fee is being collected for land
acquisition and/or development of rec eational facilities and therefore must be retained until enough fees have been collected to
start the project.
((a) FY19-20 Expenditures Details: AMOUNT
ICV Link project -[JHS Consulting, LLC $ 22,107
Total: $ 22,107
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RESOLUTION NO. 2020-82
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Section D - Drainage Facility Fee (Fund 232)
Brief description of the type of fee in the fund:
The Drainage Facility Fee is used for the drainage needs created by the development and adjoining streets to a project. The City has
adopted a master drainage plan which gets modified as new development occurs. In addition, the City's Capital Improvement Program
budget includes both current and future projects planned for use of the fees connected to the various development projects. Fees are based
on which drainage map zone they reside within: Zone 1 fee is $4,000; Zone 2 is $1,000; Zone 3 is $1,000; Zone 4 is $1,000. The map is
available in the Public Works Department upon request.
Part 1 - Fund Balance, Revenue, Interest, Expenditures, Ending Balance
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
Beginning Balance $ 1 924,124 $ 2,079,961 $ 1,997,999 $ 1,592,857 $ 1,617,655
Developer Fees $ 143,080 $ 37,030 $ 7,330 $ 38,855 $ 18,020
Interest 3 12,757 $ 11,695 $ 21,852 $ 36,315 $ 22,881
Gain (Loss) on Fair Value $ 8,290 $ (2,466)
3 155,837 $ 48,725 $ 29,182 $ 83,460 $ 38,435
Reimbursed from CVAG
Reimbursed from RDA
Expenditures
Transfers out
Ending Fund Balance
$ - $
$ 2,079,961 $
Part II - Compliance with expending funds within 5 years
Five Year Revenue Test Usino First In First Out
Current
Prior Year (2-Yrs Old)
Prior Year (3-Yrs Old)
Prior Year (4-Yrs Old)
Prior Year (5-Yrs Old)
Greater Than 5 Prior FY
Ending Balance
Reimbursed from CVAG
Reimbursed from RDA
Tie to ending balance on Fund Balance
Ending Balance
(130,687) $ (434,324) $ (58,663) $ (992,081) (a)
1.997,999 $ 1,592,857 $ 1,617,655 $ 664,009
2015-2016 2016-2017 2017-2018 2018-2019
$ 155,837 $ 48,725 $ 29,182 $ 83,460 $
$ 13,372 $ 155,837 $ 48,726 $ 29,182 $
$ 21,313 $ 13,372 $ 155,837 $ 48,726 $
$ 17,307 $ 21,313 $ 13,372 $ 155,837 $
$ 39,711 $ 17,307 $ 21,313 $ 13,372 $
$ 1.626.951 $ 1,535,975 $ 1.118.957 $ 1,081.608 $
$ 1,874,491 $ '1,792,529 $ 1,387,387 $ 1,412.185 $
$ 105,235 $ 105,235 $ 105,235 $ 105,235 $
$ 100,235 $ 100,235 $ 100,235 $ 100.235 $
$ 2,079, 61 $ 1,997,999 $ 1,592,857 $ 1,617,655 $
2019-2020
38,435
83,460
29,182
48,726
155,837
102,898 (1 )
458,539
105,235
100.235
664,009
FY 2019-2020 Future Years Total % Funded with Funding
Carryover Commitments Commitments Dev. Fee Available Date
Gerald Ford Dnve Drainage Line 3B
AKA: North Sphere Drainage $ - TBD TBD 12%
Line 4 Storm Drainege-(CC Drive - Tamarisk) $ 450,001 $ 450,001 100%
White Stone Lane Drainage Improvements $ 80,000 $ 80,000 100%
San Pablo, Highway 111 to Magnesia Falls Drainage $ 32,474 TBD $ 32,474 100%
$ 562,475 $ $ 562475_
(1) The Drainage Fees are being held beyond the five years as described by AB1600. This fee is being collected for the construction of
drainage in the drainage map zones and therefore must be retained until enough fees have been collected to start construction of the
project.
I(a) FY19-20 Expenditures Details:
AMOUNT 1
ISan Pablo, Highway 111 to Magnesia Falis Drainage $ 992,081 I
$ 992,081 I
On going
On going
On going
On going
RESOLUTION NO. 2020-82
Section E- Park & Recreation Fee (Fund 233)
Brief description of the tvoe of fee in the fund:
The fee is used to acquire land, construct parks, recreational areas, open space, and other public facilities for the
city residents. Annually the City Council adopts a Capital Improvement Program Budget detailing the current and
future projects necessary for use of the fee. The fee is charged to residential properties based on the following
formula: Number of units x 2.292 (people per household) x 5 acres divided by 1,000 population x land market
value per acre.
Part 1 - Fund Balance, Revenue, Interest, Expenditures, Ending Balance
2015-2016 2016-2017
Beginning Balance $ 1,103,892 $ 1,305,355 $
Developer Fees $ 302,145 $ 314,438 $
Refund Developer Fees $
Interest $ 7,781 $ 7,761 $
Gain (Loss) on Fair Value
$ 309,926 $ 322,199 $
Insurance reimb. playground
SARDA reimb shade structure $ 15,896
Expenditures $ (108,463) $ (195,279) $
Transfers out
Ending Fund Balance $ 1,305,355 $ 1,448,171 $
Exclude Insurance reimb:
Insurance reimb. playground
Reimburse playground equipment
Insurance reimb. damage
SARDA reimb shade structure
Ending Balance
$ (33,570) $ (33,570) $
$ (164,713) $ (164,713) $
$ (159,113) $ (159,113) $
$ (15,896) $
$ 947,959 $ 1,074,879 $
Part II - Compliance with expending funds within 5 years
Five Year Revenue Test Usina First
Current
Prior Year (2-Yrs Old)
Prior Year (3-Yrs Old)
Prior Year (4-Yrs Old)
Prior Year (5-Yrs Old)
Greater Than 5 Prior FY
Ending Balance
In First Out
2015-2016
$ 309,926
$ 84,574
$ 188,365
$ 35,477
$ 6,168
$ 323,449
$ 947,959
Skate Park Conversion and Pickleball
Lighting Improvements
Installation of Outdoor Fitness Facilities
Civic Center Solar Cell Assessment
San Pablo, Highway 111 to Magnesia Falls
Portola Park (North Sphere)
2017-2018 2018-2019 2019-2020
1,448,171 $ 1,416,407 $ 1,662,454
24,179 $ 247,187 $ 4,453
(7,125) $ $
17,882 $ 36,237 $
$ 8,485 $
34,936 $ 291,909 $
(66,700) $ (45,862) $
1,416,407 $ 1,662,454 $
(33,570) $
(164,713) $
(159,113) $
115,896) $
1,643,115 $
2016-2017 2017-2018
$ 322,199 $ 34,936
$ 309,926 $ 322,198
$ 84,574 $ 309,926
$ 188,365 $ 84,574
$ 35,477 $ 188,365
$ 134,338 $ 103.116
$ 1,074,879 $ 1,043,115
FY 2019-20
Carryover
Projects
$ 100,000
$ 56,582
$ 156,582
( 1 ) The Park & Recreation Fee being held beyond the five
purpose of developing new or rehabilitation of existing park
I(a) FY19-20 Expenditures Details:
San Pablo, Highway 111 to Magnesia Falls
Future Years Total
Commitments Commitments
TBD
$ 150,000
$ 25,000
TBD
$ 1,000,000
$ 1,175,000
TBD
$ 250,000
$ 25,000
$ 56,582
$ 1,000,000
$ 1,331,582
years as described by AB1600.
32,590
4,058
41,101
(115,108) (a)
1, 588, 447
(33,570) $ (33,570)
(164,713) $ (164,713)
(159,113) $ (159,113)
(15.896) $ (15,896)
1,289,162 $ 1,215,155
2018-2019
$ 291,909
$ 34,936
$ 322,198
$ 309,926
$ 84,574
$ 245,618
$ 1,289,162
This fee
2019-2020
$ 41,101
$ 291,909
$ 34,936
$ 322,198
$ 309,926
$ 215,084 (1 )
$ 1,215,155
Funded with Funding
Dev. Fee Available Date
100%
100%
100%
100%
100%
On going
On going
On going
On going
On going
is being collected for the
or recreational facilities to serve the community.
Total
AMOUNT
115,108
115,108
RESOLUTION NO. 2020-82
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Section F - Traffic Signalization Fee (Fund 234)
Brief description of the type of fee in the fund:
The fee is used for acquisition and development of the regional traffic signals within the City created by increased traffic load added
by the development. Yearly, the City Council adopts a five-year Capital Improvement Plan detailing the current and future projects
necessary for use of the fee. The fee is charged based on the type of building constructed, which is: Residential $ 50 per unit;
Commercial $500 per 1,000 sq. ft.; Industrial $500 per acre.
Part 1 - Fund Balance, Revenue, Interest, Expenditures, Ending Balance
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
Beginning Balance $ 247,310 $ 351,020 $ 389,674 $ 410,318 $ 496,178
Developer Fees $ 101,711 $ 36,566 $ 16,512 $ 91,274 29,677.00
Interest Income $ 1,999 $ 2,088 $ 4,912 $ 9,965 9,682.15
Gain (Loss) on Fair Value $ 2,537 764.96
$ 103,710 $ 38,654 $ 21,424 $ 103,775 $ 40,124
Expenditures
Transfers out
Ending Fund Balance
$ - $ (780) $ (17,915) $ (119,250) (a)
$ 351,020 $ 389,674 $ 410,318 $ 496,178 $ 417,052
Part II - Compliance with expending funds within 5 years
Five Year Revenue Test Usina First In First Out
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
Current $ 103,710 $ 38,654 $ 21,424 $ 103,775 $ 40,124
Prior Year (2-Yrs Old) $ 17,722 $ 103,710 $ 38,654 $ 21,424 $ 103,775
Prior Year (3-Yrs Old) $ 133,378 $ 17,722 $ 103,710 $ 38,654 $ 21,424
Prior Year (4-Yrs Old) $ 96,210 $ 133,378 $ 17,722 $ 103,710 $ 38,654
Prior Year (5-Yrs Old) $ 96,210 $ 228,808 $ 17,722 $ 103,710
Greater Than 5 Prior FY $ 210,893 $ 109.365 (1)
Ending Balance $ 351,020 $ 389,674 $ 410,318 $ 496,178 $ 417,052
Carryover Future Years Total % Funded with Funding
Projects Commitments Commitments Dev. Fee Available Date
Traffic Signal Hardware Upgrade $ 75,000 $ 375,000 $ 450,000 100% On going
$ 75,000 $ 375,000 $ 450,000
(1) The Traffic Signalization Fee being held beyond the five -years as described by AB1600. The use of the fee is contingent on
development growth and will be used to install develop regional traffic signals as the traffic load increases.
I(a) FY19-20 Expenditures Details: Amount
IrTraffic SignalModification - El Paseo at San Luis Rey Ave. $ 119,250
$ 119,250
RESOLUTION NO. 2020-82
Section G - Fire Facility Fund (235)
Brief description of the tvoe of fee in the fund:
The City of Palm Desert is interested in providing funding, through impact fees for a new Fire Station and
equipment, in order to meet some of the new commercial and residential development in the northern half of the
City. A Nexus study was prepared and approved by City Council in June 2006. The fee is calculated as follows:
Commercial development rate is $0.22 per square foot, industrial/office rate is $0.20 per square foot, and
residential development would be based on a $2,262 per acre depending on density of units built or $709 per
single residence. Annually, the City will adopt a budget to use these funds to create new facilities and
equipment.
Part 1 - Fund Balance, Revenue, Interest, Expenditures, Ending Balance
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
Beginning Balance $ 978,856 $ 1,032,024 $ 1,073,087 $ 1,108,171 $ 1,153,479
Developer Fees $ 46,779 $ 35,141 $ 21,766 $ 13,655 32,713.47
Interest Income $ 6,389 $ 5,922 $ 13,318 $ 25,750 23,042.59
Gain (Loss) on Fair Value $ 5,903 3,552.16
$ 53,168 $ 41,063 $ 35,084 $ 45,308 $ 59,308
Expenditures $ - $ $ $ $
Transfers out
Ending Fund Balance $ 1,032,024 $ 1,073,087 $ 1,108,171 $ 1,153,479 $ 1.212,787
Part II - Compliance with expending funds within 5 years
Five Year Revenue Test Usina First In First Out
2015-2016 2016-2017 2017-2018 2018-2019 2019-2020
Current $ 53,168 $ 41,063 $ 35,084 $ 45,308 $ 59,308
Prior Year (2-Yrs Old) $ 43,193 $ 53,168 $ 41,063 $ 35,084 $ 45,308
Prior Year (3-Yrs Old) $ 107,570 $ 43,193 $ 53,168 $ 41,063 $ 35,084
Prior Year (4-Yrs Old) $ 89,129 $ 107,570 $ 43,193 $ 53,168 $ 41,063
Prior Year (5-Yrs Old) $ 41,479 $ 89,129 $ 107,570 $ 43,193 $ 53,168
Greater Than 5 Prior FY $ 697,485 $ 738,964 $ 828,093 $ 935,663 $ 978,856 (1 )
Ending Balance $ 1,032,024 $ 1,073,087 $ 1,108,171 $ 1,153,479 $ 1,212,787
FY 2019-20
Carryover Future Years Total % Funded with Funding
Projects Commitments Commitments Dev. Fee Available Date
North Sphere Fire Station $ 1,151,471 $ 115,000 $ 1,266,471 30% On going
Noted:
(1) The Fire Facilities Fee being held beyond the five years as described by AB1600. This fee is being
collected for the purpose of construction of a new North Sphere Fire Station necessary to serve the growing
population within the North sphere of Palm Desert and therefore must be retained until enough fees have been
collected to start contruction of the project.
(2 )North Sphere Fire Station is expected to cost $10,680,000.,
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