• A description of the charges deposited in the fund;
  • The beginning and ending balance of the fund and the interest earned from investment of moneys in the fund;
  • The amount of charges collected in that fiscal year;
  • An identification of:
  • Each public improvement on which charges were expended and the amount of expenditure for each improvement, including the percentage of the total cost of the public improvement that was funded with those charges if more than one source of funding was used;
  • Each public improvement on which chares were expended that was completed during that

Each public improvement on which chaos were expended that was completed during that fiscal year;

  • Each public improvement that is anticipated to be undertaken I the following fiscal year;
  • A description of each interfund transfer or loan made from the capital facilities fund, including the public improvement on which the transferred or loaned charges are or will be expended, and, in the case of an interfund loan, the date on which the loan will be repaid and the rate of interest that the fund will receive on the loan.

Government Code Section 66013(e) allows for the required information on capacity charges to be included in the local agency's annual financial report. However, Government Code Section 66006(b)(2) requires that the Impact Fee report 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. Additionally, Section 66001(d) of the Government Code requires that for each Impact Fee, the City shall make all of the following findings every fifth year with respect to that portion of the account remaining unexpended, whether committed or uncommitted:

  • Identify the purpose to which the fee is to be put;
  • Demonstrate a reasonable relationship between the fee and purpose for which it is charged;
  • Identify all sources and amounts of funding anticipated to complete financing in incomplete improvements; and
  • Designate the approximate dates on which the funding is expected to be deposited into the appropriate account or fund.

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