Governmental Impact Fees

Fiscal Year 2022 – 2023 Budget

Impact Fees were established to assure the availability of funds for major capital projects needed as a result of development. The laws governing the collection and disbursement of impact fees require separate accounting and reporting of these funds. Additionally, an analysis and update of the fee structure is required every five years. Appropriations from these funds are being utilized to provide supplemental funding for eligible capital improvement projects.

PARK DEVELOPMENT FUND SUMMARY

Actual Amended Budget Estimated Budget Adopted Budget Planning Years

2020 - 2021 2021 - 2022 2021 - 2022 2022 - 2023 2023 - 2024 2024 - 2025 2025 - 2026 2026 - 2027

BEGINNING FUND BALANCE $114,863 $977,520 $977,520 $1,057,444 $1,108,444 $1,129,444 $1,150,444 $1,171,444

REVENUES

Park Impact Fees 859,917 50,000 74,496 50,000 20,000 20,000 20,000 20,000 Interest Earnings 2,741 1,000 5,428 1,000 1,000 1,000 1,000 1,000 Transfers In - - -

TOTAL REVENUES $862,658 $51,000 $79,924 $51,000 $21,000 $21,000 $21,000 $21,000

TRANSFERS Transfers Out

TOTAL EXPENDITURES $- $114,000 $- $- $- $- $- $-

ENDING FUND BALANCE $977,520 $914,520 $1,057,444 $1,108,444 $1,129,444 $1,150,444 $1,171,444 $1,192,444

- 114,000 - - - -

ROADYWAY IMPACT FEE FUND SUMMARY

Actual Amended Budget Estimated Budget Adopted Budget Planning Years

2020 - 2021 2021 - 2022 2021 - 2022 2022 - 2023 2023 - 2024 2024 -2025 2025 - 2026 2026 - 2027

BEGINNING FUND BALANCE $1,271,181 $2,631,436 $2,631,436 $2,024,406 $2,159,406 $2,429,406 $2,699,406 $2,919,406

REVENUES

North Roadway Impact Fees $440,504 $- $- $- $- $- $- $- South Roadway Impact Fees 1,170,874 250,000 420,053 250,000 250,000 250,000 200,000 150,000 Interest Earnings 13,572 20,000 14,566 20,000 20,000 20,000 20,000 20,000 Transfers In - - - - - - - -

TOTAL REVENUES $1,624,949 $270,000 $434,620 $270,000 $270,000 $270,000 $220,000 $170,000

TOTAL FUNDS AVAILABLE $2,896,130 $2,901,436 $3,066,055 $2,294,406 $2,429,406 $2,699,406 $2,919,406 $3,089,406

TRANSFERS

Capital - - -

- Transfers Out 264,695 1,041,650 1,041,650 135,000 - - - -

TOTAL EXPENDITURES $264,695 $1,041,650 $1,041,650 $135,000 $- $- $- $-

North Roadway Impact Fee Fund Balance South Roadway Impact Fee Fund Balance 845,466 855,466 684,099 664,099 674,099 684,099 694,099 704,099

1,785,970 1,004,320 1,340,306 1,495,306 1,755,306 2,015,306 2,225,306 2,385,306

ENDING FUND BALANCE $2,631,436 $1,859,786 $2,024,406 $2,159,406 $2,429,406 $2,699,406 $2,919,406 $3,089,406