11-02-07: ESTABLISHMENT OF FIRE DISTRICT TRUST FUNDS; TRUST ACCOUNTS:

   (1)   Trust Funds Established: A trust fund established by each identified fire district will be maintained by the fire district 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 trust fund shall be divided into the trust accounts. All funds in all trust accounts in the trust fund shall be maintained in an interest bearing account. The interests earned on each trust 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 trust accounts and shall be subject to the same restrictions on uses of funds as the impact fees on which the interest is generated.

   (2)   Deposit Of Fire District Impact Fees: All monies paid by a fee payer, pursuant to this chapter, shall be identified as fire district impact fees and upon receipt by the fire district shall be promptly deposited by the fire district in the appropriate trust accounts of the trust fund.

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

      B.   A fire district shall maintain and keep accurate financial records for each of their trust accounts which records shall:

         1.   Show the source and disbursement of all revenues;

         2.   Account for all monies received;

         3.   Ensure that the disbursement of funds from each trust account shall be used solely and exclusively for the provisions of projects specified in the capital improvements plan; and

         4.   Provide an annual accounting for each impact fee trust account showing the source and amount of all funds collected and the projects that were funded, which annual accounting shall be provided to the County as part of the annual audit process of this chapter. (Ord. 20-018, 6-22-2020)