HomeMy WebLinkAboutDevelopment Fee Report - Fiscal Year 13-14 (PDF)_201501121304420077.pdf16705 E. Avenue of the Fountains, Fountain Hills, Arizona 85268
ANNUAL DEVELOPMENT FEE REPORT
For Fiscal Year Ended
June 30, 2014
Town of FountainHills,Arizona
Prepared By:
Town of Fountain Hills Finance Division
July 31, 2014
Craig Rudolphy, Finance Director
16705 E. Avenue of the Fountains, Fountain Hills, Arizona 85268
Finance Division
Ph. (480) 816-5100
Fax (480) 837-3145
Fountain Hills Town Clerk, and other interested parties:
As required by state law, the following pages include (as applicable):
1. The amount assessed by the municipality for each type of development fee.
2. The balance of each fund maintained for each type of development fee assessed as of the
beginning and end of the fiscal year.
3. The amount of interest or other earnings on the monies in each fund as of the end of the
fiscal year.
4. The amount of development fee monies used to repay:
a. Bonds issued by the municipality to pa y the cost of a capital improvement project
that is the subject of a development fee assessment, including the amount needed
to repay the debt service obligations on each facility for which development fees
have been identified as the source of funding and the time frames in which the
debt service will be repaid.
b. Monies advanced by the municipality from funds other than the funds established
for development fees in order to pay the cost of a capital improvement project that
is the subject of a development fee assessment, the total amount advanced by the
municipality for each facility, the source of the monies advanced and the terms
under which the monies will be repaid to the municipality.
5. The amount of development fee monies spent on each capital improvement project that is
the subject of a development fee assessment and the physical location of each capital
improvement project.
6. The amount of development fee monies spent for each purpose other than a capital
improvement project that is the subject of a development fee assessment.
This report complies with ARS § 9-463.05 N as amended. The information contained in this
report is based on the Town’s fund financial statements but is unaudited data. If you have any
questions about this report or need additional information, contact:
Town of Fountain Hills
Finance Division
16705 E. Avenue of the Fountains
Fountain Hills, AZ 85268
16705 E. Avenue of the Fountains, Fountain Hills, Arizona 85268
Town of Fountain Hills, Arizona
Annual Development Fee Report
Fiscal Year 2014
Development Fee Rates
From July1, 2013 – June 30, 2014
Fee Category Unit Fee
Law Enforcement
Residential dwelling $ 112
Non-Residential square foot $ 0.070
Fire and Emergency
Residential dwelling $ 207
Non-Residential square foot $ 0.129
Streets
Single Family (SF) - Residential dwelling $ 5,614
Multi-Family (MF) - Residential dwelling $ 3,942
Commercial square foot $ 3.835
Office square foot $ 2.835
Hotel square foot $ 2.258
Industrial square foot $ 1.235
Parks and Recreation
Residential dwelling $ 2,118
Library/Museum
Residential dwelling $ 79
16705 E. Avenue of the Fountains, Fountain Hills, Arizona 85268
Town of Fountain Hills, Arizona
Annual Development Fee Report
Fiscal Year 2014
Fund Project Number Project Name Project Location Expenditures
710 N/A Development Fee Study 2,306$
720 N/A Development Fee Study 2,306
730 N/A Development Fee Study 11,812
740 N/A Development Fee Study 9,217
750 N/A Development Fee Study 9,769
760 N/A Development Fee Study 2,306
Total Expenditures 37,716$
Schedule of Capital Project Expenditures
16705 E. Avenue of the Fountains, Fountain Hills, Arizona 85268
Town of Fountain Hills, Arizona
Annual Development Fee Report
Fiscal Year 2014
Fund/ 710 720 730 740 750 760 770
Law
Enforcement
Fire &
Emergency Streets
Parks &
Recreation Open Space
Library /
Museum
General
Government Total
Beginning Balance 07/01/13 201,896$ 43,625$ 157,517$ 47,859$ 1,646,067$ 42,349$ (928)$ 2,138,385$
Revenues
Development Fees Collected 3,059 9,234 228,265 93,636 - 2,898 - 337,092
Transfers -- - - - - 928 928
Interest/Earnings 105 25 146 1 11,622 17 -11,916
Total Revenues 3,164 9,259 228,411 93,637 11,622 2,915 928 349,936
Expenditures
Professional Fees 2,306 2,306 11,812 9,217 9,769 2,306 -37,716
Capital Project Expenditures --------
Total Expenditures 2,306 2,306 11,812 9,217 9,769 2,306 -37,716
Net Increase <Decrease> 858 6,953 216,599 84,420 1,853 609 928 312,220
Ending Balance 06/30/14 202,754$50,578$374,116$132,279$1,647,920$42,958$-$2,450,605$
Note:
1. No bonds were issued to pay the cost of a capital improvement project that is the subject of a development fee assessment.
2. No monies were advanced from funds other that the funds established for development fees.
Summary of the Collection and Use of Development Fees