A. Deposit: All development impact fees collected by the city shall be promptly deposited into the appropriate account.
B. Maintenance Of Records: The city shall maintain and keep accurate financial records for each account that shall show the source and disbursement of all revenues, that shall account for all monies received, that shall ensure that the disbursement of funds from each account shall be used solely and exclusively for the provisions of projects specified in the capital improvements plan, and that shall provide an annual accounting for each development impact fee account showing the source and amount of all funds collected and the projects that were funded. (Ord. 985 § 1, 2007)