FY 2010-11 Adopted Budget - Volusia County Government

Park Impact Fees-County Fund - 135Park Impact Fees-County Fund - 135Summary: The Parks Impact Fee was established by ordinance and is incorporated in Chapter 70, Article IV of theVolusia County Code. The impact fee revenues are collected countywide and by quadrant (zone) fordevelopment of growth related district and local park facilities. Over time, sufficient funds areaccumulated for initial park development. Revenue collected from impact fees by quadrant is used forpark improvements within the respective quadrants. The impact fee applies to residential properties andis adjusted annually based on annual percentage changes in the Consumer Price Index (CPI) and becomeeffective on May 1 of each year, based upon the index change for the 12 months ending on December 31of the previous year. The impact fee is subject to review by the County Council no less than once every sixyears.AdoptedFY2009-10BudgetFY2010-11RevenuesCurrent RevenuesMiscellaneous Revenues $ 114,860 $ 80,000Subtotal Current Revenues $ 114,860 $ 80,000Non-Current RevenuesAppropriated Fund Balance 165,860 1,870,426Subtotal Non-current Revenues $ 165,860 $ 1,870,426Total Revenues $ 280,720 $ 1,950,426Total Operating Revenues $ 280,720 $ 1,950,426ExpendituresCapital Improvements $ 0 $ 400,000Reserves 280,720 1,550,426Total Expenditures $ 280,720 $ 1,950,426Total Operating Expenditures $ 280,720 $ 1,950,426Net Revenues Less Expenditures $ 0 $ 0Volusia County Section E - 78