A. Trust Account. Prior to the City transferring Impact Fees to KCEMSS, KCEMSS must establish a trust account, meeting the requirements of Idaho Code § 67-8210(1). Upon confirmation that KCEMSS has established the necessary trust account, the City will begin remitting Impact Fees to KCEMSS. KCEMSS must maintain an impact fee trust account while the City is collecting impact fees on its behalf.
B. Expenditures. All expenditures of Impact Fees by KCEMSS must be in accordance with Idaho Code § 67-8210.
C. Annual Capital Budget. KCEMSS must annually adopt a capital budget.
D. Review and Modification of Capital Improvement Plans. KCEMSS will update and revise its Capital Improvement Plan as required by Idaho Code § 67-8208(2).
E. Audit. KCEMSS must, as part of its annual audit process, prepare an annual report meeting the requirements of Idaho Code § 67-8210(3). A copy of the report must be provided to the City. (Ord. 3717, 6-6-2023)