SPECIAL FUNDS
Fund 005: DEVELOPMENT SERVICES FUND The Development Services Fund accounts for the financial transactions related to development case processing. Developers are required to make an initial deposit upon opening a case project. The deposit is drawn down as processing costs are incurred until the balance reaches the minimum required deposit established by the City. Any costs incurred in excess of the minimum required deposit are billed to and paid directly by the developer. Fees for development processing, such as those related to General Plan amendments, zone changes, master plans, park plans and park design, transportation impacts, development agreements, tentative tract and parcel maps, and sign programs, are based on the direct costs required to review, check and inspect development applications submitted to the City for approval, plus applicable overhead costs. When a development case is completed and all related costs have been billed, any balance remaining in the developer's deposit account is refunded. The primary issues facing the Community Development department include matching resources to be commensurate with workload given the anticipated decrease in development volume as the City approaches build out.
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FY 2023-25 Adopted Budget
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