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Biennial Impact Fee Audit Results Public Hearing | August 26, 2021 | City Council Chambers Background • A.R.S. 9-463.05, Requirement for Cities with Impact Fees: • Form Advisory Committee OR • Perform Biennial Audit of Impact Fee Program Note: All Arizona communities collecting SDF’s perform the audit versus forming an Advisory Committee • Conducted by Heinfeld, Meech & Co. • Third audit completed by City after new legislation • Covers FY 2018-19 and FY 2019-20 Biennial Audit • Compare growth projections to Land Use Assumptions (LUA) and Infrastructure Improvements Plan (IIP) • Review progress of IIP projects • Review fee collections and capital project expenditures Audit Procedures Results • No findings or inequities reported • Biennial audit requirement met • No formal action required by Council