5. INTERFUND LOANS
The Mitigation Fee Act requires a description of each inter-fund transfer or loan made from the account or fund, including interest rates, repayment dates, and a description of the improvement on which the transfer or loan will be expended.
There were no new interfund transfers or loans made between impact fee funds in Fiscal Year 2025. The following table summarizes all active interfund loans to and/or from the City's impact fee funds.
Table 7. Fiscal Year 2025 Interfund Loan Statuses
Date of LoanMaturity DatePurpose of LoanOriginal AdvanceLenderBorrowerBalance 06/30/2025Interest Rate1
06/30/1106/30/26City Hall Expansion Project #980057,725,000352 Roads350 Public Buildings7,328,6571.37%
06/30/1106/30/26City Hall Expansion Project #980051,150,000353 Public Safety350 Public Buildings1,090,9971.37%
06/30/1106/30/26City Hall Expansion Project #980054,375,000354 Recreation350 Public Buildings4,150,5341.37%
06/30/1106/30/26City Hall Expansion Project #98005570,000352 Roads350 Public Buildings297,0481.37%
06/30/1106/30/26City Hall Expansion Project #98005920,000352 Roads350 Public Buildings872,7981.37%
06/30/1106/30/26City Hall Expansion Project #980053,675,000357 Storm Drain DIF350 Public Buildings3,486,4481.37%
1Interest Rates are Average and/or Fixed 5-year LAIF rate
City of Victorville Annual Development Impact Fee Report Prepared by NBS
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