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Council approves accounting policy to track 'buy‑in' portion of transportation impact fees
Summary
West Haven approved a resolution assigning the buy‑in portion of transportation impact fees as an assigned fund balance so the city can transparently track reimbursement for existing facility capacity while preserving the ability to use those amounts for future projects via appropriation.
The West Haven City Council on Jan. 21 approved a resolution clarifying how the city will account for the 'buy‑in' portion of transportation impact fees.
City manager Sean Warnke explained that the buy‑in portion reimburses the city for existing facilities that new development will use. He said prior accounting had lumped the whole impact fee together for state reporting; the resolution directs accountants to show the buy‑in portion as an assigned fund balance so it is visible on the balance sheet but still available for appropriation to future transportation projects.
Warnke said the buy‑in percentage was referenced as roughly 53% in the existing analysis (staff said they would confirm the exact percentage in the current impact‑fee analysis). The resolution aligns city accounting with auditors’ expectations while allowing the city, through appropriation, to apply those assigned funds to eligible projects.
Council voted to adopt Resolution 03‑2026 after the presentation.
