TO: Committee of the Whole - Finance, Administration, and Communications
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
Finance Kelley Cochran 425-556-2748
DEPARTMENT STAFF:
Finance Nida Hermoso Accounting Manager Finance Haritha Narra Deputy Finance Director
TITLE:
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2024 Impact Fee Collection and Distribution Report
OVERVIEW STATEMENT:
recommendation
The Revised Code of Washington (RCW) and the City of Redmond Municipal Code (RMC) require an annual report to the Mayor and City Council on impact fee receipts, earnings, and system improvements financed in whole or part by impact fees. This report summarizes the 2024 impact fee activity and is presented for information purposes only.
The Impact Fee Report is provided to Council after the State Auditors complete the financial statement audit. The 2024 financial audit was delayed due to D365 system preparation and implementation in June 2023. The 2024 audit started in February and was finalized in early September 2026.
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? Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
? Receive Information ? Provide Direction ? Approve
REQUEST RATIONALE:
Relevant Plans/Policies:
N/A
Required:
Revised Code of Washington (RCW) 82.02.070 Impact fees: Annually, each county, city, or town imposing impact fees shall provide a report on each impact fee account showing the source and amount of all moneys collected, fees shall provide a report on each impact fee account showing the source and amount of all moneys collected, earned, or received and system improvements that were financed in whole or in part by impact fees.
Redmond Municipal Code (RMC) 3.10.190 Annual Impact Fee Report: The provision requires the Finance Department to prepare a report on each impact fee account showing the source and amount of all money collected, earned, or received and the system improvements financed in whole or in part by the impact fees. This Impact Fee Report is presente...
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