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 Loan | Maturity Date | Purpose of Loan | Original Advance | Lender | Borrower | Balance 06/30/2025 | Interest Rate1 |
|---|---|---|---|---|---|---|---|
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 7,725,000 | 352 Roads | 350 Public Buildings | 7,328,657 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 1,150,000 | 353 Public Safety | 350 Public Buildings | 1,090,997 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 4,375,000 | 354 Recreation | 350 Public Buildings | 4,150,534 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 570,000 | 352 Roads | 350 Public Buildings | 297,048 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 920,000 | 352 Roads | 350 Public Buildings | 872,798 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 3,675,000 | 357 Storm Drain DIF | 350 Public Buildings | 3,486,448 | 1.37% |
1Interest Rates are Average and/or Fixed 5-year LAIF rate
11