City Council

b. ANNUAL REPORT ON DEVELOPMENT IMPACT FEES FOR FISCAL YEAR\n(FY) 2023-24\nSummary:\nIn accordance California Government Code, Section 66006, the City is required\nto report on the status of Development Impact Fees (DIFs), including the\ncollection of revenue and expenditures of these funds. This report summarizes\nthe required annual financial information for Fiscal Year 2023-2024.\nStrategic Plan Goals:\nGoal No. 1 Financial Stability: Ensure the City’s long-term financial stability and\nresilience.\nGoal No. 3 Economic & Downtown Development: Improve the local economy,\nsupport local businesses, and create a vibrant downtown core.\nGoal No. 4 Infrastructure: Maintain and improve the City’s physical\ninfrastructure, water system, and recreational spaces.\nRecommendation:\nReceive and file the annual financial report findings relating to the Traffic Impact\nFees, Park and Recreation Impact Fees, and the Water System Impact Fees\nrequired under the California Mitigation Act (AB 1600).