(A) All funds derived from the SDC shall be segregated by accounting practices from all other funds of the city. System development charges shall be used for no purpose other than those set forth in § 50.49.
(B) The City Manager shall provide the city with an annual accounting, based on the city’s fiscal year, showing the total amount of SDC revenues collected for each type of facility and the projects funded from each account.
(Prior Code, § 3.809) (Ord. 1994-01, passed 2-14-1994; Ord. 2012-01, passed 2-13-2012)