here - City of Reedley

VEHICLE IMPACT FEE (VIF) FUND 055
Adopted in April 2013, by resolution 2013-028, authorized an annual refuse vehicle impact fee (VIF)
for up to $285,000 annually to be utilized solely for the maintenance, repair, and related costs of
City streets caused by the impacts of the City refuse trucks. The amount available for the VIF for a
given fiscal year shall be determined on an annual basis by the City Manager during the City budget
build process and subject to appropriation approval by the City Council in the Adopted Budget.
EQUIPMENT SHOP FUND 060
Fund 060 is an internal service fund for the Equipment Shop. The budget document reflects
working capital for the fund balance. This is an internal service fund, thus its primary source of
revenue comes from “fees” that are paid by all the other City funds that utilize the common
expenses charged to the Equipment Shop, like gasoline, vehicular repairs, tires, etc.. As the total
expenditures for the equipment shop rise, so do the individual “charges” to the various departments,
like police, fire, streets, etc..
COPS FUND 075
Fund 075 was created by Assembly Bill 3229 and is authorized as part of the annual State budget
allocation. Funds are allocated by population and are restricted for front line law enforcement use,
which can include personnel services. Funding is subject to the State’s fiscal condition and passage
of their budget.
DEVELOPMENT IMPACT FEES FUND 100 THROUGH FUND 111
Funds 100 through 111 represent the current Development Impact Fees. These fees are assessed
and collected at the building permit level and are restricted for their respective use. Fund 100 is for
Street and Thoroughfare Usage; Fund 101 is for Traffic Control Facilities; Fund 102 is for Law
Enforcement Facilities; Fund 103 is for Fire Facilities; Fund 104 is Storm Drainage Facilities; Fund
105 is for Wastewater Treatment Plant Facilities; Fund 106 is for Wastewater Collection Facilities;
Fund 107 is for Water Supply and Holding Facilities; Fund 108 is for Parks and Recreational
Facilities; Fund 109 is for Open Space Acquisition and Development; Fund 110 is for General
Facilities; and Fund 111 is for Water Distribution Facilities.
REDEVELOPMENT
On February 1, 2012, all redevelopment agencies in California were dissolved and the process for
unwinding their financial affairs began. Given the scope of the agencies’ funds, assets, and financial
obligations, the unwinding process will take some time. Prior to dissolution, redevelopment
agencies received tax increment in property tax revenues annually and had outstanding bonds,
contracts, and loans. Over time, as these obligations are paid off, schools and other local agencies
will receive the property tax revenues formally distributed to RDAs.
Funds 086 through 097 reflected the active financial information for the Reedley Redevelopment
Agency. On February 1, 2012 all assets and liabilities were transferred to the successor agency, City
of Reedley, under the fund structure of 895, 896 and 897. Fund 895 accounts for bond proceeds
from the February 2011 Tax Allocation Bond Issue in the amount of $8,825,000 uninsured with an
A- rating. This issue defeased existing bonds and provided for unused bond proceeds of
approximately $5 million to be used for capital projects. Fund 896 accounts for all of the successor
housing activities and Fund 897 is the retirement fund which handles the eventual close out of
operations for all non-housing redevelopment activities.
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CITY OF REEDLEY
ADOPTED BUDGET 2013-2014