Cathedral City City Council recently reviewed the some of the development fees it collects from development projects.
The fees are not a tax or special assessment but an expense charged to help defray costs of the public facilities related to the projects. Here's a look at some:
Collections for 2007-08: $8,753
Interest earned: $1,384
Expenditures: 0
Annual unspent funds: $10,137
Ending fund balance: $30,388
Collections for 2007-08: $1,962
Interest earned: $308
Expenditures: 0
Annual unspent funds: $2,270
Ending fund balance: $6,771
Collections for 2007-08: $1,643
Interest earned: $261
Expenditures: 0
Annual unspent funds:$1,904
Ending fund balance:$5,727
Collections for 2007-08: 0
Interest earned: 0
Expenditures: 0
Annual unspent funds: 0
Ending fund balance: 0
Collections for 2007-08: 0
Interest earned: 0
Expenditures: 0
Annual unspent funds: 0
Ending fund balance: 0
Collections for 2007-08: $48,997
Interest earned: $4,622
Expenditures: 0
Annual unspent funds: $53,619
Ending fund balance: $101,433
Collections for 2007-08: 0
Interest earned: 0
Expenditures: 0
Annual unspent funds: 0
Ending fund balance: 0
Collections for 2007-08: $3,005
Interest earned: $602
Expenditures: 0
Annual unspent funds: $3,607
Ending fund balance: $13,209
Collections for 2007-08: $89,315
Interest earned: $17,899
Expenditures: 0
Annual unspent funds: $107,214
Ending fund balance: $392,797
Collections for 2007-08: $75,946
Interest earned: $4,104
Expenditures: $42,283
Annual unspent funds: $37,767
Ending fund balance: $131,618
$5 per lineal foot of the arterial streets.
Collections for 2007-08: $10,270
Interest earned: $5,767
Expenditures: $1,287
Annual unspent funds: $14,750
Ending fund balance: $140,454
33.33 percent of $150 to $450 per 1,000 square feet of building area.
Collections for 2007-08: $35,500
Interest earned: $14,136
Expenditures: $130,958
Annual unspent funds: -$81,322
Ending fund balance: $242,993
