SPECIAL FUNDS
Fund 118: SYSTEMS DEVELOPMENT FUND The City imposes a 1 percent Systems Development Charge (SDC) on all new development within the City, which is accounted for in this special revenue fund. This fee was established pursuant to Title 2, Division 9, Chapter 6 of the City's Municipal Code, with 50 percent of the receipts applied to circulation projects and 50 percent to non-circulation projects. For FY 2023-24 and FY 2024-25, $11.2 million SDC Circulation and $4.7 SDC Non-Circulation funding is appropriated to various new and existing projects. Some of the larger projects include: $4 million for Jeffrey Open Space Trail (JOST) Extension (Barranca Parkway to Walnut Avenue), $2 million for Pusan Streetscape, and $1.7 million for South Yale Ave Corridor Improvements. In addition, the Department of Public Works & Transportation appropriated approximately $1.1 million in each budget year for traffic related studies, synchronization support services, and feasibility studies for circulation improvements associated with the City’s increased expansion and growth.
FY 2023-25 Adopted Budget
331
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