Title
Capital Facilities Fund (School Impact Fee) Annual Report for 2024-25
Finance Division
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Brief Description:
description
(Capital Facilities Fund (School Impact Fee) Annual Report for 2024-25) Recommends the adoption of the resolution of the Capital Facilities Fund annual accounting report summarizing the fund description and its fiscal year 2025 financial information.
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Recommendation
Action Proposed:
Adopt the attached resolution (Attachment A) regarding the Capital Facilities Fund Annual Accounting Report (Attachment B) in accordance with Government Code Sections 66000 et esq.
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Body
Background:
Education Code Section 17620 allows school districts to assess fees on residential and commercial construction within their respective boundaries when a reasonable relationship exists between the need for new or reconstructed school facilities and resident, commercial and industrial development. These fees are paid by property owners and developers to school districts to mitigate the impact created by new development within a school district's boundaries on the school facilities.
School impact fees may be used only for the (a) construction and reconstruction of school facilities, (b) costs associated with conducting any study, finding, needs analysis or determination required as part of the process to adopt the school impact fees, (c) costs for administering the fee, and (d) costs associated with conducting the meeting(s) required for levying a fee. Education Code section 17620 clarifies that the "construction or reconstruction of school facilities" does not encompass: (a) regular maintenance or routine repair of school buildings and facilities, (b) the inspection, sampling, analysis, encapsulation, or removal of asbestos-containing materials except where incidental to school facilities construction or reconstruction, or (c) or deferred maintenance.
Per policy, once the costs related to administering the school impact fees and fulfillin...
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