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Committee calls for auditing franchise fees, clarifies SDC reporting and retires Transient Lodging Tax fund
Summary
The committee directed that franchise fees be audited for contract compliance; system development charges must be reported separately in the restricted SDC fund; planning and building fees will remain in the general fund. The Transient Lodging Tax Fund will be retired and its activity moved to the general fund.
Staff and committee members noted several finance and fee-reporting clarifications during the budget discussion. Committee members said historical account information has been combined in some cases to aid year-on-year comparability but flagged franchise fees for an audit to verify contract compliance and expiration dates. Going forward, the Council will evaluate whether franchise agreements or right-of-way agreements better meet the city’s needs.
The committee emphasized that system development charges (SDC) must be reported separately in the SDC fund because those revenues are restricted to capital expenditures; other planning and building fees will remain in the general fund. The committee also agreed to retire the Transient Lodging Tax Fund and move its activity into the general fund. A housing study performed by RVCOG under a state grant was noted as ongoing.
