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Council hears impact-fee report and annual drinking-water update; city reports $16 million in impact-fee balances
Summary
Staff presented the annual impact-fee fiscal report and the Water Division’s yearly operations update. Staff said the city holds about $16 million in impact-fee balances for eligible projects and reported the Water Division pumped 2.35 billion gallons in the last water year.
City staff presented two informational reports at the Nov. 3 Post Falls City Council meeting: the annual fiscal report on impact fees (covering 2023–2024) and the Drinking Water Division’s annual operations review.
On impact fees, staff explained the statutory requirement to report collections and expenditures and the 8-year FIFO rule for spending. The presenter summarized a five-year history of collections and expenditures, and said the city currently has approximately…
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