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Park Development Impact Fees Financial Update 06-30-2020 FY2020 1 Park Development Impact Fees Financial Update as of 6/30/2020 FY 2020 CIAC Meeting September 17, 2020 2 FY20 Park Development Impact Fees $450,000 419,367 $400,000 354,082 $350,000 — $300,000 — 268,064 237,516 $250,000 — 214,481 $200,000 — 138,729 $150,000 — 119,600 102,200 109,336 $100,000 78,000 78,950 66,555 88997 45,798 40,246 52,499 42,656 $50,000 23,805 28,334 17,806 INME 3,553 _ 2019 2019 2019 2019 2019 2019 2020 2020 2020 2020 2020 2020 ` July August September October November December January February March April May June ■Total Revenues Total Expenditures 3 $1,600,000 FY 2020 Park Development Impact Fees - Cumulative 1,521,774 $1,400,000 z — 1,284,258 $1,200,000 1,069,778 1,008,798 $1,000,000 60,442 $800,000 692,378 636,911 / 654,717 53,649 557,961 636,911 $400,000 451,449 243,398 362,452 197,600 295,897 $200,000 9,600 23,805 r 106,707 ` 138,594 64,051 106,707 135,041 + FJIL 19 2019 2019 2019 2019 2019 2020 2020 2020 2020 2020 2020 ly August September October November December January February March April May June —YTD Total Revenues YTD Total Expenditures 4 6 Year Comparison- FY15 to FY20- Park Impact Fees $5,000,000 4,715,910 $4,500,000 4,202,934 $4,000,000 $3,500,000 3,360,026 $3,000,000 $2,500,000 2,023,163 2,166,775 $2,000,000 1,629,974 1,183,3161,521,774 1,526,466 $1,500,000 1,327,265 1,265,084 1,008,7 $1,000,000 717,693 325,783 759,889 575,836 300,881 $500,000 71,+970 I FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 Revenues Expenditures ■Fund Balance 5 $1,600,000 Park Impact Fees Collected - 6 Year Comparison $1,400,000 Park Impact Fee Expenditures - 6 Year Comparison F2$1,400,000 $1,200,000 FY17 FY19 FY18 $1,200,000 $1,000,000 Z— $1,000,000 FY17 FY20 $800,000 $800,000 FY16 FY19 $600,000 $600,000 / 15 $400,000 $400,000 F FY15 $200,000 $200,000 FY18 vO SeQ� O4tio Lo 040 o e�. e4e�. ,ado Ik g ? O FY15 — FY16 — FY17 — FY18 — FY19 FY20 FY15 — FY16 — FY17 FY18 FY19 FY20 6 FY20 Parks Expenditures • East Mesa Outdoor Fitness Court $151 k • Hadley Outdoor Fitness Court -12k • Calle Abuelo Neighborhood Park -$8Ok • Reimburse developer for parks/trails in Metro Verde subdivisions • $419k February 2020 • $298k June 2020 • Provencio Van Dame Field Lighting Project -$43k September Park Fees Park Impact Fees September 2019 had no Park Impact Fee Revenue 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 refunds • . - - September 21 - that • • have been . - • • �ctaber 2�1� 15 ,800.00 Parkhill November 2�1� 66,554.93 Subdivision December 21 7 ,410. 0 • Fair Market Value Fair Market Value — unrealized gains (losses) from Revenues investments e Park Impact Fees Investment Income Fair Marke#Value Tota 401S20D2-511444 414Cr570000 410Er570100 Budget $ 1,000,000.00 $ 72,541.04 $1,472,541.44 Allocated • different July 2019 $ 119,600.00 �' - $ - �` 119,604.00 August 2019 78,000.00 78,OOO.DD September 2019 - 23,827.96 21,970.27 45,798.23 Funds October 2419 L50,800.00 (98,341.46} 52,498.54 November 2019 66,554.93 - - 66,554.93 ❑ecember 2019 78,410.00 15,450.22 [4,862.83} 88,997.39 January 2420 96,200.00 6,650.49 (650.27} 142,199.82 February 2020 122,200.00 7,074.86 9,453.82 138,728.68 March 2020 257,400.00 12,448.22 (1,783.74} 268,064.48 April 2020 149,200.00 4,584.82 (4,449.16} 109,335.66 May 2020 210,fi00.00 4,7fi2.39 (SSl.fifi} 214,480.73 June 2020 228,800.00 2,740.53 5,975.39 237,515.92 Total Revenues $ 1,517,7fi4.43 $ 77,539.44 $ (73,529.64) $1,521,774.38