COM 0005.000 2010-2012 - Laserfiche WebLink

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2010, a total of $8,300,981.75 in cash contributions had been made, not including the park dedication fund. In lieu credits, all of which require County Council approval by resolution or ordinance, include improvements paid for by the applicant, planning or design services paid by the applicant for capital improvement projects, land dedicated to the County or another approved entity, or cash paid to an approved non - County entity. • Excess In Lieu Credits. For some rezoning applicants, the appraised value of the in lieu credit exceeded the assessment. In some cases, the excess is available to the applicant to be applied towards satisfaction of future Fair Share requirements that may be imposed on the applicant through future rezonings within the district but does not entitle the applicant to any cash reimbursement. These excess credits also explain why, in Table 2, the difference between the total unpaid assessments and the total assessments is less than the total cash and in lieu contributions in Table 3. • Total Appropriations. Table 4 details appropriations authorized by the County Council from the Fair Share capital projects fund. As of June 30, 2010, a total of $3,054,821.73 had been appropriated. • Fund Balance. As of June 30, 2010, the Fair Share fund balance totals $5,246,160.02. The fund balance equals the total contributions (Table 3) less the total appropriations (Table 4). • Capital Funds Available for FY 2011 -2012. Table 5 summarizes cash available for fiscal year 2011 -2012 for capital projects by district and project type, as of June 30, 2010. Total cash available equals total capital projects fund contributions (from Table 3) less total appropriations through June 30, 2010 (from Table 4) and appropriations authorized by the County Council for the current fiscal year (FY 2010 -2011) in Ordinance 10 -60. 2