FY 2010-11 Adopted Budget - Volusia County Government

Park Impact Fees-Zone 3 (Southwest) Fund - 138Park Impact Fees-Zone 3 (Southwest) Fund - 138Summary: 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 $ 7,587 $ 5,200Subtotal Current Revenues $ 7,587 $ 5,200Non-Current RevenuesAppropriated Fund Balance 0 10,865Subtotal Non-current Revenues $ 0 $ 10,865Total Revenues $ 7,587 $ 16,065Total Operating Revenues $ 7,587 $ 16,065ExpendituresReserves $ 7,587 $ 16,065Total Expenditures $ 7,587 $ 16,065Total Operating Expenditures $ 7,587 $ 16,065Net Revenues Less Expenditures $ 0 $ 0Volusia County Section E - 84