A. Approved Expenditures: Under Utah Code chapter 11-36a and title 18, chapter 18.98 of the City Code, the City may expend impact fee revenues solely for the purposes for which they were received and only for any of the following:
1. System improvements:
a. For public facilities identified in the City's capital facilities plan for impact fees; and
b. For the specific public facility type for which the impact fee was collected;
2. System improvements, including, but not limited to, planning, land acquisition, construction, engineering, architectural, permitting, financing, and administrative expenses, mitigation costs, capital equipment pertaining to system improvements, and any other similar expenses that can be capitalized pursuant to generally accepted accounting principles;
3. To recoup improvement costs previously incurred by the City to the extent that new growth and development activity will be served by the previously constructed improvements or incurred costs;
4. To recoup the cost of studying, analyzing and preparing the impact fees;
5. To pay debt service on bonds or similar debt instruments issued to finance system improvements to the extent such system improvements serve the development activity for which the impact fees were imposed.
B. Components Of Expenditures: The following constitute components of the cost of the system improvements referred to in subsection A of this section:
1. The price of the construction contract for the system improvements;
2. The cost of acquiring land, improvements, materials and fixtures;
3. The cost for planning, surveying and engineering fees for services provided for and directly related to the construction of the system improvements.
C. Expenses Not Improved: Impact fee revenues may not be used for the following expenses:
1. City employee travel, including transportation costs, registration fees, lodging, meals or per diem;
2. Entertainment;
3. Food or beverages;
4. Gifts;
5. Maintenance or operation costs;
6. Except as provided in title 18, chapter 18.98 of the City Code, to make up for deficiencies in existing facilities serving existing developments; or
7. Other costs or reimbursements other than those directly related to the construction of the system improvements or as outlined in this section. (2019 Compilation)