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 2022-23.
Table 4. Fiscal Year 2023 Interfund Loan Statuses
| Date of Loan | Maturity Date | Purpose of Loan | Original Advance | Lender | Borrower | Balance 06/30/2023 | Interest Rate1 |
|---|---|---|---|---|---|---|---|
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 7,725,000 | 352 Roads | 350 Public Buildings | 7,030,226 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 1,150,000 | 353 Public Safety | 350 Public Buildings | 1,046,571 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 4,375,000 | 354 Recreation | 350 Public Buildings | 3,981,520 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 570,000 | 352 Roads | 350 Public Buildings | 518,735 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 920,000 | 352 Roads | 350 Public Buildings | 837,257 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 3,675,000 | 357 Storm Drain DIF | 350 Public Buildings | 3,344,477 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 280,000 | 358 Street Lighting | 350 Public Buildings | 254,817 | 1.37% |
| 06/30/11 | 06/30/26 | City Hall Expansion Project #98005 | 395,000 | 359 Fire Hydrant | 350 Public Buildings | 359,474 | 1.37% |
10