Lora Brown

The Fairfax School District is making the Accounting for Developer Fees Report available for public review, as required by Government Code section 66006(b)(2). The report pertains to the 2024-2025 Fiscal Year in the 25-CAPITAL FACILITIES FUND. Resolution No.2026-05, concerning the Annual and Five-Year Accounting of Developer Fees for the same fiscal year and fund, will be presented for approval during the upcoming Board Meeting. A public review and hearing will precede any action taken.

The resolution addresses the annual and five-year accounting of development fees for the 2024-2025 fiscal year within the Capital Facilities Fund. It includes findings related to the correctness of information, review of the annual accounting, the purpose of unexpended fees for school facility construction to reduce overcrowding, the reasonable relationship between fees and their purpose, the sources and amounts of funding to complete incomplete improvements, and the expected dates of funding deposits. The Superintendent is authorized to take necessary actions to effectuate the resolution.

The Fairfax School District Board of Trustees reviewed the annual and five-year accounting of developer fees for the 2024-2025 fiscal year in the Capital Facilities Fund. Key discussion points included the authority and reasons for adopting the resolution, findings regarding the fund, and the authorization for the Superintendent to take necessary actions. The review covered aspects such as the description and amount of fees, the beginning and ending balance of the fund, the amount of fees collected and interest earned, and the identification of public improvements on which fees were expended.

The report reviews the district's financial status based on several criteria and standards. It covers average daily attendance, enrollment, LCFF revenue, salaries and benefits, other revenues and expenditures, facilities maintenance, deficit spending, fund and cash balances, and reserves. The review includes comparisons of first and second interim projections, explanations for variances, and supplemental information on contingent liabilities, use of one-time revenues, interfund borrowings, contingent revenues, contributions, long-term commitments, and unfunded liabilities.

The budget report includes a school district certification, criteria and standards review summary, and annual certification regarding self-insured workers' compensation claims. It details the methodology and assumptions used to estimate ADA, enrollment, revenues, expenditures, reserves, fund balance, and multi-year commitments. The review covers average daily attendance, enrollment, ADA to enrollment ratio, LCFF revenue, salaries and benefits, other revenues and expenditures, facilities maintenance, deficit spending, fund and cash balances, and reserves. Supplemental information addresses contingent liabilities and the use of one-time revenues for ongoing expenditures.