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Auditor details impact-fee reporting, six-year limit and when an analysis is required
Summary
The auditor's office reviewed the impact-fee reporting template, emphasized tracking collections, expenditures and interest, and reminded entities impact fees may be held for no more than six years and that an impact-fee analysis is required for larger jurisdictions.
Auditor staff walked local officials through the office's impact-fee reporting template and explained the principal compliance issues: record who paid fees and when, show whether fees were spent in the current year or budgeted for a future project, and reconcile impact-fee balances to the restricted balance on the financial statements.
"When you collect an impact fee, you just wanna be able to track…
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