A. The County shall file an annual report accounting for the collection and use of the fees for each service area and shall post the report on its website within 90 days of the end of each fiscal year. The report shall include the following:
1. The amount assessed by the county for each type of development fee.
2. The balance of each fund maintained for each type of development fee assessed at the beginning and end of the fiscal year.
3. The amount of interest or other earnings on the monies in each fund as of the end of the fiscal year.
4. The amount of development impact fees used to repay:
a. Bonds issued by the County to pay the cost of a project in the IIP, including the amount needed to repay debt service and the time frames in which the debt service will be repaid.
b. Monies advanced by the County from funds other than impact fees to pay the cost of any project in the IIP, including the funding source and the terms under which the monies will be repaid to the County.
5. The amount of impact fees spent on and the physical location of each project.
6. The amount of development fees monies spent for each purpose other than a necessary public service or facility expansion that is the subject of a development fees assessment.
B. The County shall provide a biennial, certified audit of the land use assumptions, infrastructure improvements plan, and development impact fees, which shall be conducted by qualified professional(s) who are not employees or officials of the county and who did not prepare the IIP. The audit shall review the progress of the IIP, collections and expenditures for each project in the IIP, and evaluate any inequities in implementing the IIP or imposing the impact fees. The County shall post the findings of the audit on the website and conduct a public hearing within 60 days of public notice. (Ord. 2020-27 § 1 (part), 2020)