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Home My WebLink AboutCC RES 2017-84RESOLUTION NO. 2017-84 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, 2017 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, 2017 was held by the City Council on December 14, 2017, 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 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 RESOLUTION NO. 2017- 84 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. 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 applied; 2) demonstrated the relationship between the fees and the purposes for which they are charged; and 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 2017-2018 to 2021- 2022, which is incorporated herein by reference. PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert City Council held on this 14th day of December, 2017, by the following vote, to wit: AYES: NOES: ABSENT: ABSTAIN: ATTEST: two HARNIK, KELLY, NESTANDE, WEBER, AND JONATHAN NONE NONE NONE GRACE L. ROCHA, ACTING CITY CLERK CITY OF PALM DESERT, CALIFORNIA APPOVED AS T . HAE•VE TTORNEY BEST, : EST & RIEGE' , LL Page 2 of 2 EXHIBIT A CITY OF PALM DESERT DEVELOPMENT IMPACT FEE ANNUAL REPORT FISCAL YEAR 2016-2017 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 2017-2018 through 2021-2022 Exhibit A - Page 1 of 8 Section A— Housing Mitigation Fee (Fund 214) Brief description of the tvoe of fee in the fund Exhibit A - Cont'd 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 jundictional boundaries of the city with affordable housing The fee is based on S1/sq ft — Commercial S0 33/sq ft — Industrial S0 40/sq ft — Professional S1.000/room — Resort Hotel $620/Room Non -Resort Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginn.ng Balance Developer Fees Interest Income HCD Grant Loan Proceed Interest on Loan 2012-2013 S 2 816 855 S $ S $ 51 553 S 2345 $ 53 898 S Expenditures $ (384 985) S Transfers out Ending Fund Balance $ 2 485 768 S Part II — Compliance with expending funds within 5 years Five Year Revenue Test Using First In First Out 2012-2013 Current $ 53.898 Prior Year (2-Yrs Old) S 22 914 Prior Year (3-Yrs Old) S 29 872 Prior Year (4-Yrs Old) S 108 811 Prior Year (5-Yrs Old) $ 143 795 Greater Than 5 Prior FY $ 1.671.418 Ending Balance $ 2 030 707 Exclude Loan Proceed $ 420 000 Exclude Interest on Loar $ 35 061 Exclude HCD grant Ending Balance S 2 485 768 $ 36 unit project -ARC Village $ 10 Acre Affordable Dev sub Parksite 200 units subsidy Homebuyer Subs ties S 60 000 FY 2017-2018 250 000 2013-2014 2 485 768 $ 53 954 $ 9 739 S 63 693 $ S S (125 849) S 2 423 612 $ 2013-2014 S 63.693 S 53 898 S 22.914 S 29 872 $ 108 811 S 689 363 $ 968 551 S 420 000 $ 35061 2014-2015 2 423 612 S 50.210 S 7 557 $ 57 767 S 120 000 15 390 (360 000) S 2 256 769 $ 2014-2015 S 57 767 5 63 693 $ 53 898 $ 22.914 $ 29 872 S 1 438 174 $ 1 666 318 S 540 000 $ 50 451 2423.612 S Future Years Commitments $ 1 000 000 S 1 000.000 $ 240 000 2015-2016 2 256 769 $ 258.339 S 15 078 S 273417 S $ S $ 2 530 186 $ 2015-2016 S 273 417 S 57.767 S 63 693 S 53 898 $ 22.914 $ 1 468 046 S 1 939 735 S 540.000 $ 50.451 2 256 769 S Total Commitments $ 250 000 $ S $ S 1 000 000 1 000 000 300 000 2 550 000 2016-2017 2 530 186 242 858 15 354 258 212 60 000 8 667 (60 000) (a) 2 797.065 2016-2017 $ 258212 S 273 417 S 57 767 S 63 693 S 53 898 $ 1 430 960 $ 2 137 947 S 600 000 $ 59.118 2 530 186 S % Funded with Dev Fee 100% 2 797.065 Funding Available Date On going 100% On going ( 1) The Housing Mit gation Fees being neld beyond the five years as described by AB1600 This fee is being collected for the purpose o' subsid.z,ng 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 (a) FY16-17 Expenditures Details Homebuyer Subsidies AMOUNT S 60 000 Exnibit A - Page 2 of 8 Section B — Child Care Facility Fund 228 Exhibit A - Cont'd Brief description of the tvoe of fee ;n the fund The City of Palm Desert is interested in prov,ding 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 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 Beginning Balance $ 1 510.642 $ 1.462.409 $ 1 491.545 $ 1.021.065 $ 1 196 989 Developer Fees $ 19 496 $ 23 373 $ 25 483 $ 168 940 $ 69 482 Interest Income $ 1 351 $ 5 763 $ 4.037 $ 6 984 $ 6 904 $ 20 847 $ 29 136 S 29 520 S 175.924 S 76 387 Expenditures $ (69 080) $ $ (500.000) $ - $ Transfers out Ending Fund Balance $ 1 462.409 $ 1 491 545 $ 1 021.065 $ 1 196 989 $ 1 273.376 Part II — Compliance with expending funds within 5 years Five Year Revenue Test Using First In First Out 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 Current S 20.847 $ 29.136 $ 29.520 $ 175.924 76 387 Prior Year (2-Yrs Oid) $ 26 854 $ 20.847 $ 29 136 $ 29 520 175 924 Prior Year (3-Yrs Oid) $ 29 846 $ 26.854 $ 20.847 $ 29 136 29 520 Prior Year (4-Yrs Old) $ 120 213 5 29.846 $ 26.854 $ 20 847 29 136 Prior Year (5-Yrs Oid) 5 212 717 $ 120.213 $ 29.846 $ 26.854 20 847 (1 ) Greater Than 5 Prior FY $ 1.051 932 S 1 264.649 $ 884.862 $ 914 708 941 562 (1 ) Ending Balance $ 1.462 409 5 1 491.545 $ 1.021.065 $ 1.196 989 $ 1 273 376 Child Care Facilities - expand licensed day-care offerings in Freedom Park FY 2016-17 Carryover Projects Future Years % Funded with Dev Funding Available Commitments Total Commitments Fee Date $ 1 079 440 $ 500.000 $ 1 579 440 100 / 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 Fxhibit A - Page 3 of 8 Section C — New Construction Tax Fee (Fund 231) Exhibit A - Cont'd Brief description of the type 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 05/sq ft , Resioentiaf units S0 40/sq ft all othe' development SO 40/sq ft Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 Beginning Balance S 1 184 '36 $ 929 654 S 1 170.905 $ 1.286 666 S 1 318 647 Deve'oper Fees $ 190 293 S 283 530 S 206 206 S 223 743 S 199 849 Interest Income S 740 $ 1 B07 $ 2 517 $ 4 756 $ 4 939 MISC $ 191 033 S 285 337 $ 208.723 S 228.499 S 204 788 Expenditures S (445 515) S (44 086) S (92.962) S (196 517) S (37 337) (a) Ending Fund Balance S 929,654 $ 1 170.905 $ 1 286.666 $ 1 318 647 $ 1 486 099 Exclude Advance to RDA $ (654 000) S (654 000) $ (654.000) S (654 000) $ (654 000) Ending Balance of available Revenue $ 275,654 $ 516,905 $ 632,666 $ 664,647 $ 832,099 Part II — Compliance with expending funds within 5 years Five Year Revenue Test Using First In First Out 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 Current S 191 033 S 285 337 $ 208 723 S 228 499 S 204 788 Prior Year (2-Yrs Old) S 84 621 $ 191 033 $ 285 337 $ 208 723 S 228 499 Prior Year (3-Yrs Old) $ 40 535 $ 138 606 $ 227 426 $ 208.723 Prior Year (4-Yrs Old) $ 190.089 Prior Year (5 Yrs Old) Greater Than 5 Prior FY Ending Balance $ 275,654 $ 516,905 $ 632,666 $ 664,647 $ 832,099 City of Palm Desert advanced $654,000 to the former Redevelopment Agency in 1986 If the advance is approved for repayment to the City the repayment will be in accordance with the dissolution law There is no impact on City resources since a'i qualified impact fees are either spert or committed thus elimintaing the need to refund any fees to developers according to Government Code Sections 66000-66008 (a) FY16-17 Expenditures Details AMOUNT FY 16-17 ADA Improvements S 8.550 Capita' - Joslyn Center S 28 787 Total $ 37 337 Exhibit A Page 4 o° 8 Section D - Drainage Facility Fee (Fund 232) Exhibit A - Cont'd 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 botn 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 Beginning Balance Developer Fees interest Reimbursed from CVAG Reirnoursed'rorr RDA Fxper.drt,ires Transfers out Ending Fund Balance $ 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 5 1,340,804 5 2,230,150 5 1,910,751 $ 1,924,124 5 2,079,961 5 15,200 $ 17,740 5 /,020 $ 143,080 5 31,030 $ 2,107 5 8,573 5 6,352 $ 12,757 $ 11,696 5 17,307 5 21,313 5 13,372 $ 155,837 5 48,716 5 (127,961) 5 (340,711) $ 5 2,230,150 5 1,910,752 5 1,924,124 5 Part II - Compliance with expending funds within 5 years Five Year Revenue Test Using First In First Out Current Prior Year (2 Yrs O.d( Prior Year (3-Yrs Old) Prior Year (4 Yrs Old) °nor Year (5-Yrs Old) Greater Than 5 Prior f Y Ending Balance Reimbursed from CVAG Reimbursed from RDA Tie to ending balance Ending Balance 2012-2013 S 17,30/ $ 5 39,711 5 $ 44,922 5 5 141,697 5 $ 168,043 $ 1,613,000 5 5 2,024,680 $ $ 105,235 5 5 100,235 5 5 2,230,150 S Gerald Ford Drive Drainage Line 3B White Stone Lane D•ainga I ine 4 Dra,nage Preliminary I nguneering Mountain View Drainage improvements Bursera and Thrush Drainage Improvements Deep Canyon Storm Drain Extension, south of Hwy 2013-2014 11,313 17,307 39,711 44,922 141,69/ 1,440,332 1,705,282 105,235 100,235 1,910,752 FY 2016-17 Carryover Projects 5 5 5 2014-2015 $ 13,372 $ 21,313 5 17,307 5 39,711 5 44,911 5 1,582,029 5 1,718,654 5 105,235 $ 100,235 5 1,924,124 $ (130,687) (a) 2,079,961 $ 1,998,000 2015-2016 $ 155,837 5 13,372 5 21,313 $ 17,307 $ 39,711 5 1,626,951 5 1,874,491 5 105,235 $ 100,235 $ 2,019,961 2016-2017 5 48,726 $ 155,837 5 13,3/2 5 21,313 5 17,307 $ 1,535,9/S 5 1,792,530 $ 105,235 100,235 $ 1,998,000 Future Years %funded with Available FY 2017-1018 Commitments 1 otal Commitments Dev Fee Date 540,000 5 540,000 12% On going $ 80,000 5 80,000 1007 On going 450,000 $ 450,000 100% On going 125,000 $ 125,000 100% On going 100,000 5 100,000 100% On going 100,000 $ 800,000 $ 900,000 100A On going $ 2,195,000 (1) The Dra.nage Gees 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 crust be retained until enough fees have been collected to start construction of the protect (a) FY16-1 7 Expenditures Details FY 16-17 Feasibility Study/Engineering N/O Country Club Geotech Services Bursera, Thrush Road AMOUNT 129,116 971 130,687 Exhibit A - Page 5 of 8 Section E— Park & Recreation Fee (Fund 233) Exhlblt A - Cont'd Brief description of the type of fee in the fund The fee is used to acqu •e land construct parks recreational areas open space and other public facilities for the city residents Annua'ly the City Councii adopts a Capita! Improvement Program Budget detailing the current and future projects necessary for use of the fee The fee is charged to residential p•operties based on the following formula Number of units x 2 292 (people per household) x 5 acres divided by 1 000 population x lard market value per acre Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance Beginning Balance 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 $ 1 297 210 S 1 188 167 $ 1 205 130 $ 1.103 892 S 1 305 355 Developer Fees 5 34 206 $ 183 614 S 80 679 $ 3C2 145 $ 314 438 00 Interest $ 1 271 S 4 751 S 3 895 $ 7 781 $ 7.760 00 S 35 477 5 188 365 S 84 574 5 309.926 $ 322 198 Insurance reimb playground SARDA reimb shade structure $ 15 896 Expenditures $ (144 520) 5 (171 402) S (185 812) S (108 463) $ (195.279) (a) Transfers out Ending Fund Balance $ 1.188.167 S 1 205 130 $ 1 103 892 $ 1 305 355 5 1 448 170 Exclude Insurance reimb Insurance reimb playground $ (33 570) 5 (33 570) $ (33.570) 5 (33 570) S (33 570) Reimburse playground equipment $ (164,713) $ (164 713) S (164.713) S (164 713) S (164.713) Insurance reimb damage $ (159 113) $ (159 113) $ (159 113) $ (159 113) $ (159 113) SARDA reimb shade structure $ (15 896) Ending Balance $ 830 771 5 847.734 5 746 496 5 947 959 $ 1 074 878 Part II — Compliance with expending funds within 5 years Five Year Revenue Test Usina First In First Out 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 Current $ 35 477 $ 188.365 S 84,574 $ 309 926 5 322.198 Prior Year (2-Yrs Old) $ 6 168 5 35 477 $ 188.365 S 84.574 $ 309 926 Prior Year (3-Yrs Old) $ 78.073 $ 6 168 $ 35 477 $ 188.365 $ 84,574 Prior Year (4-Yrs Old) 5 42 757 $ 78 073 S 6 168 S 35 477 S 188 365 Prior Year (5-Yrs Old) S 67 847 $ 42 757 S 78 073 S 6 168 S 35.477 (1 ) Greater Than 5 Prior FY $ 600 449 $ 496 894 $ 353 839 $ 323 449 S 134 338 (1 ) $ 830 771 $ 847.734 $ 746 496 $ 947.959 $ 1 074 878 FY 2016-17 Carryover Future Years % Funded with Funding Projects FY 2017-2018 Commitments Total Commitments Dev Fee Available Date Pickleball Lighting Installation $ - $ 100.000 5 100.000 100°I° On going Skate Park Conversion to Pavilion $ 100 000 $ 100,000 100 % On going Planter Upgrade (more planters) $ 20 000 $ 75 000 $ 200 000 $ 295,000 100°/ On going Portola Park (North Sphere; $ 1 000 000 $ 1,000 000 0 % On going $ 1 495 000 (1 ) The Park & Recreation Fee being held beyond the five years as described by AB1600 This fee is being collected for the purpose of developing new or rehabilitation of existing park or recreational facilities to serve the community (A) (a( FY16-17 Expenditures Details AMOUNT FY 16-17 Comm Garden Upgrade increase plots 65 201 Instal! Shelter J Mann Park 37 600 Util:ty Install Reimb for No Pcrtola Park 88 478 Civic Center Park upgrade 4.000 195 279 Exhib't A Page 6 of 8 Section F — Traffic Signalization Fee (Fund 234) Exhibit A - Cont'd 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 bad 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 oullding constructed which is Residential $ 50 per unit. Commercial 5500 per 1,000 sq ft . Industrial $500 per acre Part 1 — Fund Balance, Revenue, Interest, Expenditures, Ending Balance 2012-2013 2013-2014 2014.2015 2015-2016 Beg•nning Balance S 578,435 S 552 772 $ 307 428 $ 247.310 S Developer Fees S 163.006 S 131.617 $ 16 688 $ 101 711 $ Interest Income $ 466 5 1 761 $ 1.034 $ 1,999 $ Intergov't reverue and Misc $ 163 472 $ 133 378 $ 17,722 $ 103 710 $ Expenditures $ (189135) S (378 722) $ (77,840) $ - $ Transfers out Ending Fund Balance $ 552 772 $ 307 428 $ 247,310 S 351.020 $ Part II — Compliance with expending funds within 5 years 2016-2017 351 020 36.566 2 088 38 654 389 674 Five Year Revenue Test Using First In First Out 2012.2013 2013.2014 2014-2015 2015-2016 2016-2017 Current $ 163.472 $ 133.378 $ 17.722 $ 103,710 S 38.654 Prior Year (2-Yrs Oldi S 63 585 $ 163.472 $ 133,378 S 17,722 S 103 710 Prior Year (3-Yrs Old) $ 140.496 S 10 578 $ 96 210 $ 133,378 S 17 722 Prior Year (4-Yrs Old) $ 38,342 $ 96,210 $ 133 378 Prior Year (5-Yrs Old) 5 70.972 $ 96,210 Greater Than 5 Prior FY S 75,905 Ending Balance $ 552 772 $ 307 428 $ 247,310 $ 351 020 S 389 674 FY 2016-17 Carryover Projects T,a"ic S.gna. a' Porcia & Drat, Snore 5 150 000 Traffic Signal Hardware Upgrade $ 25 000 $ Tref' c S gral Mod' cat:or E Paseo a' Sa• ..i•s Rey Avenue $ FY 2017-2018 25.000 150 000 Funding Future Years % Funded with Dev Available Commitments Total Commitments Fee Date $ 150,000 100% On going $ 50 000 100% On going S 150 000 100% On going $ 350 000 Exhibit A - Page 7 of 8 Section G — Fire Facility Fund (235) Exhibit A - Cont'd Brief description of the type 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 S0.22 per square foot, industrial/office rate is SO 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 Beginning Balance Developer Fees Interest Income • 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 S 738.964 $ 828 093 S 935 663 S 978,856 S 1.032.024 5 S S 88 494 $ 635 $ 89.129 S Expenditures S 5 Transfers out Ending Fund Balance $ 828,093 S Part II — Compliance with expending funds within 5 years Five Year Revenue Test Usino First In First Out 2012-2013 Current $ 89.129 Prior Year (2-Yrs Old) $ 41,479 Prior Year (3-Yrs Old) $ 52,924 Prior Year (4-Yrs Old) $ 29.955 Prior Year (5-Yrs Old) $ 130.325 Greater Than 5 Prior FY $ 484.281 Ending Balance $ 828.093 FY 2016-17 Carryover Projects North Sphere Fire Station $ 1,000,171 104.243 S 3.327 S 107.570 S $ 935,663 $ 2013-2014 S 107 570 S 89,129 S 41.479 $ 52 924 $ 29,955 S 614,606 $ 935.663 Future Years Commitments 40 023 $ 3 170 S 43 193 S 46,779 S 6,389 $ 53 168 S S - S 35,141 5.922 41,063 978.856 S 1,032,024 $ 1.073.087 2014-2015 S 43,193 $ 107,570 S 89 129 $ 41 479 S 52.924 $ 644.561 S 978 856 Total Commitments S 1 000 171 2015-2016 $ 53,168 S 43.193 $ 107,570 S 89.129 S 41,479 $ 697.485 $ 1.032,024 % Funded with Dev Fee 30% Note North Sphere Fire Station is expected to cost S10,680,000 . (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 2016-2017 $ 41,063 $ 53,168 $ 43 193 S 107,570 S 89,129 $ 738.964 S 1,073087 Funding Available Date On going Exhibit A - Page 8 of 8