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will lead to an adjustment in the amount of revenue received from this source. As a
<br />result, this amount may increase in future years to meet projected maintenance
<br />demands. Changes regarding this fee adjustment will be reflected as part of the CIP for
<br />next fiscal year. The reduction in Grants and Miscellaneous funds results primarily from
<br />changes in Propositions 42 and 1B revenue which is derived from State gas taxes and
<br />bond revenue and subject to statewide adjustments. However, recent projections
<br />indicate the funding listed above should be consistent for the remainder of this CIP.
<br />The Transfers Out and Development Fee Adjustments reflect the transfer of
<br />development fees projected to be received from one year to the proceeding year to
<br />mitigate the potential impact from development fees discussed below and transfers to
<br />operations related to completing engineering design of CIP projects.
<br />Development Related Fees and Utility Connection Fees fluctuate from year to year to
<br />reflect estimated development activity from approved private development projects.
<br />Because the CIP includes revenue projections from only approved developments, in
<br />general, these adjustments do not necessarily reflect a loss or increase of revenue
<br />overall but an adjustment reflecting the anticipated timeline for receipt of development
<br />related fees. As an example, approximately $789,000 of the adjustment noted in Table
<br />V below for In-Lieu Park Dedication Fees, and in Table IV above in the Development
<br />Related Fees line, results from the fact that fees expected to be received last year from
<br />Bernal Property residential development will not be received until next year. As a result,
<br />fees projected for 2007 were less estimated and fees for 2008 will be more; however,
<br />overall, over time, fees will remain constant. To guard against the impact of these
<br />fluctuations, only available development related revenue is assumed available for
<br />funded projects. As an example, development revenue projections for FY2008/09 are
<br />estimated based on development related fees collected in calendar year 2007. As a
<br />result, future development revenue projects may occur without being significantly
<br />impacted from development related fee fluctuations. As noted below, overall
<br />development fees will be adjusted by approximately $1,676,770 (43%) over the next
<br />three years. Because the CIP only includes revenue projections from approved projects,
<br />the approval of new developments, such as Staples Ranch, may result in fee increases
<br />in future CIP’s. A comparison summary of development related revenue and utility
<br />connection fees is listed below.
<br />TABLE V
<br />COMPARISON OF DEVELOPMENT FEES
<br /> (2008-09 through 2010-11)
<br />Projections in Mid-Term
<br />Current CIPProjectionsDifference %
<br />Traffic Impact Fees $1,538,934$1,853,140$314,206 20.42%
<br />In-Lieu Park Dedication Fees $797,474$1,828,649$1,031,175 129.31%
<br />Public Facility Fee $709,842$916,171$206,329 29.07%
<br />Tri-Valley Transportation Fees $146,743$146,743$00.00%
<br />Dougherty Valley Mitigation Fees $150,000$150,000$00.00%
<br />Subtotal Development Fees $3,342,993$4,894,703$1,551,710 46.42%
<br />Utility Connection Fees $271,882$396,942$125,060 46.00%
<br />TOTAL$3,614,875$5,291,645$1,676,770 46.39%
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