Annual Developer Fees Report for Capital Facilities Fund 2024-25
The official document
What the district published
This is the source material — exactly as released by RUSD. The plain English translation below is this site's version, written for community members who shouldn't need a budget degree to understand where their school dollars go.
Original PDF coming soon — check reedschools.org for the source document.
In plain English
What this document actually says
This annual report tracks developer fees collected from new construction projects and how those funds were spent on school facilities during fiscal year 2024-25. The Capital Facilities Fund (Fund 25) started the year with $113,656 and ended with $46,970, a decrease of $66,686. The district collected developer fees at rates of $2.38 per square foot for residential construction and $0.54 per square foot for commercial construction. During the year, the fund showed negative revenue of $28,595 (primarily due to a prior-year reconciliation with Tamalpais Union High School District) and spent $38,091 on supplies and services for facility improvements. The 2025-26 budget projects $48,600 in new developer fee revenue.
What this means for your family
This fund pays for school facility improvements using fees from new construction in the community, not from general school taxes. The fund balance decreased this year due to a prior accounting adjustment and spending on facility maintenance and improvements. These developer fees help maintain and improve school buildings without using funds needed for classroom instruction and staffing.
Summaries are AI-assisted and based on the original district document shown above. Nothing has been editorialized — interpretations are clearly labeled. This site is maintained by Lina Godfrey's campaign as a community resource.