CC - Agendas - City Council - WORKSHOP - 5/15/2014

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5/14/2014 Impact Fees Key Items, Issues, and Considerations ❑ Current law has significantly reduced the amount of funding which can be made available for new capacity (facilities and other infrastructure) needed to serve growth ❑ In communities with aging infrastructure, single rehabilitation projects (pipes, streets, treatment plants) usually include both "existing deficiency" and "new growth" components ❑ Due to the restrictions on uses of impact fees, and linkages to sensitive user rates (water, sewer), the funding and financing of capital costs is increasing difficult ❑ Library and Parks fees will end 8/1/2014 ❑ Goldwater Lake expansion and Pioneer Park(future partnering) projects are included in the Impact Fees Capital Improvements Program; a City contribution to the Yavapai College Tennis Courts Project is not presently funded 47 FY15 Governmental Impact Fees Public Buildings Parks Streets (Eliminated) Library Fire Police Revenues Impact Fees $ 12,602 $ 8,207 $ - $ 6,667 $ 25,375 $ 28,468 Interest 15,000 1,200 2,000 5,000 8,000 8,000 Rent - - - - 24,359 - Total Re.enues $ 27,802 $ 9,407 $ 2,000 $ 11,667 $ 57,734 $ 36,488 Expenditures Transfers Outllow Creek Rd.-Increased Capacity) 125,117 Total Expenditures $ - $125,117 $ - $ - $ - $ - Net Change in Fund Balance 27,602 (115,710) 2,000 11,667 57,734 36,468 Fund Balance-Beginning 704,318 115,710 174,593 432,942 773,971 809,743 Fund Balance-Ending $731,920 $ - $ 176,593 $444,609 $831,705 $846,211 48 24