SPECIAL FUNDS
Fund 112: LOCAL PARK FEES FUND The Subdivision Map Act of the California Government Code requires developers to provide either land or fees to the local municipal government for the purpose of providing or improving recreational facilities in the area and adjacent areas of the proposed developer improvements. This legislation is also known as the Quimby Act. The City allocates these funds to various parks and recreation projects in conjunction with the annual CIP budget. During FY 2019-20 and FY 2020-21, the estimated appropriations are $31.1 million to the following capital projects funds: $15.7 million to Orange County Great Park Development Fund, $4.1 million to Colonel Bill Barber Marine Corp Memorial Park Fund, and $15.4 million to Capital Improvement Project Fund for Non-Circulation Projects. These funds will not be transferred immediately; instead, the transfers will be completed after the expenditures have been incurred in the capital improvement fund in order to allocate interest properly to each improvement area.
FY 2019-21 Proposed Budget
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