FY2014 Recommended Budget - City of Surprise
FY2014 Recommended Budget - City of Surprise
FY2014 Recommended Budget - City of Surprise
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General Government<br />
Development Fee Fund<br />
Description<br />
The general government development fee fund is established to account for the inflow <strong>of</strong> general<br />
government development fees levied on new residential and commercial construction. This fee can only<br />
be used for the purchase, construction, financing, and furnishing <strong>of</strong> new capital or one-time items directly<br />
related to the increased demand on general government services caused by growth. Development fees<br />
cannot be used to subsidize operating needs.<br />
Revenues are based upon an estimated issuance <strong>of</strong> 250 single family residential permits and the<br />
estimated square feet <strong>of</strong> 217,800 non-single family residential permits in FY2013. On April 26, 2011<br />
Senate Bill 1525 was signed into law and changed the method the city used to calculate development<br />
impact fees. Arizona Revised Statutes §9-463.05.K requires municipalities planning to continue assessing<br />
development impact fees complete an interim study effective January 1, 2012 and an updated<br />
development impact fee study effective August 1, 2014. The city has revised fees based on the interim<br />
study and plans on meeting the requirements <strong>of</strong> the August, 2014 deadline. The general government<br />
development fee for single family residential permits was revised from $661 to $661 as <strong>of</strong> January 1,<br />
2012.<br />
Major <strong>Budget</strong> Changes<br />
With minimal forecasted development revenue for the funds, the only programed expenditures are for the<br />
impact fee study and rental payments. The city will continue to review and evaluate potential projects<br />
through the preparation <strong>of</strong> the Infrastructure Improvement Plan (IIP) for the impact fee study update.<br />
FY2011 FY2012 FY2013 <strong>FY2014</strong> Amended to<br />
Expenditures Actual Actual Amended <strong>Budget</strong> <strong>Budget</strong><br />
By category<br />
Supplies 0 0 0 0 0%<br />
Services 13,861 12,731 20,000 20,000 0%<br />
Capital 0 0 0 0 0%<br />
Debt Service 128,947 0 1,837,000 0 -100%<br />
Contingency 0 0 8,500 0 -100%<br />
Transfer Out 665,466 667,359 667,000 666,500 0%<br />
Total 808,274 680,091 2,532,500 686,500 -73%<br />
By department<br />
Communications 0 0 0 0 0%<br />
Finance 13,861 12,731 28,500 20,000 -30%<br />
General Operations 0 0 0 0 0%<br />
Public Works 665,466 667,359 667,000 666,500 0%<br />
Development Fee New Cap 128,947 0 1,837,000 0 -100%<br />
Total 808,274 680,091 2,532,500 686,500 -73%<br />
Revenues<br />
By fund source<br />
Charges for Svcs/Oth 468,620 265,544 2,430,100 537,400 -78%<br />
Total 468,620 265,544 2,430,100 537,400 -78%<br />
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