Page 353 - FY 24 Budget Forecast at Adoption.xlsx

ROADWAY IMPACT FEE FUND

FUND DESCRIPTION:
This fund is used to account for resources received from roadway impact fees which are determined by the type and size of new
development. Expenditures are restricted for roadway improvements based upon new development impact and are transferred to
the Streets CIP fund. The fund revenues and expenditures are not considered operating funds and shown for informational
purposes only. In the City's Annual Comprehensive Financial Report (ACFR), the fund is presented as a capital improvement
fund.

REVENUE SUMMARY

FY 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
REVENUES: Actual Budget YE Proj. Budget Variance ($)
Roadway Impact Fees $ 250,683 $ – $ 127,374 $ – $ –
Interest Earnings 49,046 – 133,092 – –

TOTAL $ 299,729 $ – $ 260,466 $ – $ –

EXPENDITURE SUMMARY

FY 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
EXPENDITURES BY DIVISION: Actual Budget YE Proj. Budget Variance ($)

Services & other $ 68,680 $ – $ 9,260 $ – -
Street Improvements - - 3,750,000 512,500 512,500

TOTAL $ 68,680 $ – $ 3,759,260 $ 512,500 $ 512,500

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