| ITEM #: 17. DATE: 06/26/2023 AI #:1569 |
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CITY COUNCIL ACTION REPORT
| SUBJECT: |
| STAFF PRESENTER(S): | Jared Askelson, Deputy Finance Director |
OTHER PRESENTER(S):
Celina Morris, Finance Manager-Financial Services
SUMMARY
The City Council will hold a public hearing to receive the biennial certified audit of the city’s land use assumptions, infrastructure improvements plan, and development fees for the period July 1, 2020 through June 30, 2022.
STRATEGIC PLAN ALIGNMENT
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RECOMMENDATION
Accept the Development Impact Fee Audit. (Jared Askelson, Deputy Finance Director).
FISCAL IMPACT
There is no fiscal impact to the city for receiving the report.
BACKGROUND AND PREVIOUS ACTIONS
In accordance with Arizona Revised Statute 9-463.05, a biennial certified audit of the city’s land use assumptions, infrastructure improvements plan, and development fees was conducted by HintonBurdick CPAs & Advisors, for the period July 1, 2020-June 30, 2022.
The engagement included performing procedures regarding the proper receipt and use of development fees relating to the City’s Land Use Assumptions and Infrastructure Improvement Plan (IIP), as adopted in 2018 and 2019, for the City’s biennial period ending June 30, 2022. The procedures included reviewing 1) the progress of the infrastructure improvements plan, 2) the collection and expenditure of development impact fees for each project in the plan, 3) evaluating any inequities in implementing the plan or imposing the development impact, 4) confirming that the one percent (1%) excess construction sales tax collected was transferred to the appropriate Impact Fee Fund in accordance with ARS 9-463-05(B)(12), and 5) that the Annual Report included the information as required by ARS 9-463-05(N).
The engagement included performing procedures regarding the proper receipt and use of development fees relating to the City’s Land Use Assumptions and Infrastructure Improvement Plan (IIP), as adopted in 2018 and 2019, for the City’s biennial period ending June 30, 2022. The procedures included reviewing 1) the progress of the infrastructure improvements plan, 2) the collection and expenditure of development impact fees for each project in the plan, 3) evaluating any inequities in implementing the plan or imposing the development impact, 4) confirming that the one percent (1%) excess construction sales tax collected was transferred to the appropriate Impact Fee Fund in accordance with ARS 9-463-05(B)(12), and 5) that the Annual Report included the information as required by ARS 9-463-05(N).
STAFF ANALYSIS
This is considered to be a "clean" audit as there were no exceptions noted in any of the five categories required by state statute and included in the engagement.
Attachments
- Biennial Certification of Land Use Assumptions, Infrastructure Improvement Plan, and Development Impact Fee for the Period July 1, 2020 through June 30, 2022
- Presentation