10-2-11: IMPACT FEES TO BE MAINTAINED IN INTEREST- BEARING ACCOUNTS; ANNUAL AUDIT AND REPORT:

   A.   The Impact Fees collected under this chapter shall be maintained in one or more interest-bearing accounts within the County's capital projects fund(s) for the purpose of ensuring that all Impact Fees collected pursuant to this chapter are used to address impacts reasonably attributable to new Development for which the Impact Fees are paid. The interests earned on each account pursuant to Idaho Code § 67-8210(1) shall not be governed by Idaho Code § 57-127, as it may be amended, but shall be considered funds of the accounts and shall be subject to the same restrictions on uses of funds as the Impact Fees on which the interest is generated.

   B.   Deposit Of Impact Fees: All monies paid by a Fee Payer pursuant to this chapter shall be identified as Impact Fees and upon receipt shall be promptly deposited into the appropriate Impact Fee account.

      1.   Monies in each account shall be spent in the order collected, on a first-in/first-out basis.

      2.   The County shall maintain and keep accurate financial records for the accounts which records shall:

         a.   Show the source and disbursement of all revenues;

         b.   Account for all monies received;

         c.   Ensure that the disbursement of funds from each account shall be used solely and exclusively for the provisions of Projects specified in the applicable adopted Capital Improvement Plans; and

         d.   As part of the County annual audit process, prepare an annual report, which report shall include the information pursuant to Idaho Code § 67-8210(3)(a-b), as it may be amended.

(Ord. 995, 4-9-2025)