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Home My WebLink About2005 Annual Impact Fee Report TOWN OF MARAN A DEVELOPMENT IMPACT FEE REPORT FORM STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE FOR FISCAL YEAR ENDING JUNE 30, 2005 Impact Fee Area South Benefit Area Impact Fee Type Residential Impact Fee Purpose Transportation Impact Fee Charged per EDU $2,435.00 Total Beginning Balance FY @ 6-30-04 $5,311,192.22 $5,311,192.22 REVENUES Impact Fees Collected $1,580,765.00 $1,580,765.00 Interest Earnings $98,971.96 $98,971.96 TOTAL REVENUES $1,679,736.96 $1,679,736.96 EXPENDITURES Capital Projects $0.00 $0.00 General Administration $0.00 $0.00 Operations & Maintenance $0.00 $0.00 Vehicles & Equipment $0.00 $0.00 Other $0.00 $0.00 Subtotal $0.00 $0.00 Bonds Interest $0.00 $0.00 Principal $0.00 $0.00 Total Debt Service Paid on Bonds $0.00 $0.00 Loans Interest $0.00 $0.00 Principal $0.00 $0.00 Total Payment on Loans $0.00 $0.00 TOTAL IMPACT FEE EXPENDITURES $0.00 $0.00 SURPLUS/(DEFICIT) $1,679,736.96 $1,679,736.96 Beginning Fund Balance $5,311,192.22 $5,311,192.22 Surplus/(Deficit) $1,679,736.96 $1,679,736.96 Ending Fund Balance $6,990,929.18 $6,990,929.18 League of Arizona ~.~ Cities AND Towns 1820 W. Washington Street. Phoenix, AZ 85007. Phone: (602) 258-5786 · Fax: (602) 253-3874 Email: league@mg.state.az.us.Website:www.azleague.org New Law Fact Sheet: Development Fees ReportinQ Legislation (H. 2066, Chapter 215, Development Fees; Cities and Towns) BACKGROUND The State Legislature granted cities and towns the authority to assess development fees in 1982. Currently, cities and towns can charge these fees to offset the costs related to providing necessary public services to a development. The law requires cities and towns to separately account for the fees and restricts their use to providing public services for a development. Cities and towns must give at least sixty days notice and conduct a public hearing prior to assessing a new development fee or raising an existing one. The law also directs cities and towns to consider the development's contributions in future taxes, fees and assessments by the property owner toward the costs of the public service. PROVISIONS OF LEGISLATION The legislation amends the current development fees statute (ARS ~ 9-463.05) by requiring an annual report to account for the collection and use of development fees. The report is due within 90 days of the end of each fiscal year and is required to be maintained in your city or town clerk's office. Copies of the report are required to be made available to the public upon request. The law allows the report to contain financial information that has not been audited. There are six specific areas that the report is required to address: 1. The amount of each type of development fee assessed by a city or town. 2. The balance of each fund, at the beginning and end of the fiscal year, maintained for each type of development fee. 3. The amount of interest or other earnings on monies in each fund as of the end of the fiscal year. 4. The amount of development fees used to repay either (a) bonds issued by the municipality to pay the cost of a capital improvement project for which the development fee was assessed or (b) monies advanced by the city or town from APACHE JUNCTION . AVONDALE . BENSON . BISBEE . BUCKEYE . BULLHEAD CIlY . CAMP VERDE . CAREFREE . CASA GRANDE . CAVE CREEK . CHANDLER . CHINO VALLEY . ClARKDALE . CUFTON COLORADO CITY . COOLIDGE . COTTONWOOD . DEWEY-HUMBOlDT . DOUGU\S . DUNCAN . EAGAR . EL MIRAGE . ELOY . FU\GSTAFF . FLORENCE . FOUNTAIN HILLS . FREOONIA . GIU\ BEND . GILBERT GLENDALE. GLOBE .GOODYEAR . GUADALUPE. HAYDEN . HOLBROOK . HUACHUCA CIlY. JEROME . KEARNY . KINGMAN. LAKE HAVASU CITY . LITCHRELD PARK. MAM'AOTH . MARANA . MARICOPA. MESA MIAMI. NOGALES . 0fl0 VALLEY. PAGE . PARADISE VALLEY. PARKER. PATAGONIA. PAYSON . PEORIA . PHOENIX. PIMA . PlNETOP-LAKESIDE . PRESCOTT. PRESCOTT VALLEY. QUARTZSlTE . QUEEN CREEK SAFFORD . SAHUARITA . SAN LUIS. SCOTTSDALE. SEOONA . SHOW LOW . SIERRA VISTA. SNOWFU\KE . SOMERTON . SOUTH TUCSON . SPRINGERVlLLE . ST. JOHNS. SUPERIOR. SURPRISE. TAYLOR. TEMPE THATCliER. TOLLESON . TOMBSTONE . TUCSON . WELL TON . WICKlENBURG . WILLCOX. WILLIAMS. WINKELMAN . WINSLOW . YDUNGTOWN . YUMA funds other than development fee funds to pay for a capital improvement project for which a development fee was assessed. 5. The amount of development fees spent on each capital improvement project for which a development fee was assessed and the physical location of each capital improvement project. 6. The amount of development fees spent for each purpose other than a capital improvement project for which a development fee was assessed. The penalty for failing to comply with the reporting requirement is that your city or town is prohibited from collecting development fees until the report is filed. The reporting requirements become effective on August 12, 2005, which makes your city or town's first development fees report due on September 28. 2005 and will cover development fees assessed in FY 2004-2005.