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CIAC 5.21.20 Park Dev Impact Fees Financial Review 4.30.2020 1 Park Development Impact Fees Financials Update as of 4/30/2020 FY 2020 CIAC Meeting May 21 , 2020 2 FY20 Park Development Impact Fees - Mid Year $450,000.00 419,367 $400,000.00 $350,000.00 $300,000.00 268,064 $250,000.00 $200,000.00 138,729 $150,000.00 119,600 gg 997 102,200 109,336 $100,000.00 78,000 66,555 78,950 23,805 45,798 40,246 52,499 $50,000.00 42 656 28,334 3,553 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020 July August September October November December January February March April ■Total Revenues Total Expenditures 3 FY 2020 Park Development Impact Fees - Cumulative $1,200,000 1,069,778 $1,000,000 960,442 $800,000 692,378 636,911 $600,000 11 636,911 53,649 557,961 51,449 $400,000 362,452 197,600 295,897 $200,000 243,398 r 106,707 138,594 k 23,805 135,041 119,600 �/ 64,051 106,707 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020 July August September October November December January February March April -YTD Total Revenues YTD Total Expenditures 6 Year Comparison - FY15 to FY20 - Park Impact Fees $5,000,000 4,635,801 $4,500,000 4,202,934 $4,000,000 3,360,026 $3,500,000 $3,000,000 $2,500,000 2,166,775 2,023,163 $2,000,000 1,629,974 1,183,316 1,327,26 1,526,466 $1,500,000 1,069,778 $1,000,000 300,881 717,693 759,88 575,836 325,78 1,970 636,91 $500,000 � + FY 15 FY 16 FY 17 FY 18 FY 19 FY 20(as of 4/30/2020) Revenues Expenditures ■Fund Balance 5 $1,600,000 $1,400,000 Park Impact Fees Collected - 6 Year Comparison Park Impact Fee Expenditures - 6 Year Comparison FY19 $1,400,000 $1,200,000 FY18 FY17 $1,200,000 � F 17 $1,000,000 $800,000 $1,000,000 _ FY20 $800,000 Z— FY20 19 FY16 _ $600,000 $600,000 FY15 $400,000 $400,000 — FY16 �15 $200,000 $200,000 — FY18 A yeQFpec� eOdp`ec ct JJJJ � 1.ppoart J PoPtiyeQ Spec C4tiopec�oeFspecOe e4.`pec �oact pioa� �acar pQi� 0� )Jo e Ie • September Park Fees Park Impact Fees September 2019 had no Park Impact Fee - - -o $78,000 in PIF Revenues 40152002-511000 Budget 1.000,000.00 o July 21 119,600.00 August 2�1� 7t�,000.00 $78,000 in refundsfor Park fees September 21 - that should . - been . - • • �ctaber 2�1� 15 ,800.00 Parkhill November 2�1� 66,554.93 Subdivision December 21 7 ,410. 0 7 FY20 Parks Expenditures • East Mesa Outdoor Fitness Court • Fitness Equipment & Sitework • Shade Canopy & Furnishings • Hadley Outdoor Fitness Court • Shade Structure & Furnishings • Calle Abuelo Neighborhood Park Improvements • $419,000 in February 2020 • Reimburse developer for parks/trails in Metro Verde subdivisions • ValueFair Market Value Fair Market . • gains (losses) debt/equity held as investments Allocated • • Funds Revenues Park Impact Fees Investment Inco-me Fair Market Value 40152402-511000 4106-570000 4146-574104 Budget $ 1,000,440.04 $ 72,541.04 July 2419 $ 119,600.00 $ - $ - August 2419 78,440.04 - - 5eptember 2419 - 23,827.95 21,974.27 October 2419 150,840.44 - [98,301.46} November 2419 66,554.93 - - aecember 2419 78,410.44 15,450.22 [4,862.83}