SPECIAL FUNDS
Fund 113: FEES & EXACTIONS FUND Fees and Exactions Fund collects fees imposed on developers and property owners for future capital improvement projects from which they will receive a direct benefit. Funds are collected in advance of the actual construction of the project. When the project's priority places it in the current year construction project list, reserve funds and accumulated interest in this fund are transferred to the capital project construction fund to finance the project's construction. In FY 2019-20 and FY2020-21, appropriations of $100,000 each year are for ICTV improvements. In addition the City will receive approximately $1 million from Senate Bill 2 for affordable housing. A separate staff report will be represented to the City Council for budgeting purpose, which will program the use of the new state funding for affordable housing.
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FY 2019-21 Proposed Budget
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