§ 23-168. Annual report by superintendent.

Within ninety (90) days after the end of the school board's fiscal year, the superintendent shall deliver to both the board and the school board a report containing the following information with respect to the fiscal year just ended:

(1)

The amount of impact fee revenue received during the fiscal year;

(2)

The amount of investment earnings received on funds in the school impact fee trust account during the fiscal year;

(3)

The balances in the school impact fee trust account at the beginning and the end of the fiscal year;

(4)

A summary of the expenditures made during the fiscal year in whole or in part from funds on deposit in the school impact fee trust account, including a list of school construction projects and any other school board capital projects funded during the fiscal year in whole or in part from monies on deposit in the school impact fee trust account; and

(5)

Whether the impact fee schedule continues to reflect the most recent and localized data available, and whether any changes to the data would materially and significantly change the school impact fees, such that a school impact fee study update should be undertaken.

(6)

Any other data and information necessary or useful for the board and the school board to understand the sources and uses of the funds on deposit in the school impact fee trust account during the fiscal year and to be assured that such funds have been used only as allowed under this article and applicable Florida law.

(Ord. No. 98-31, § 8, 11-3-98; Ord. No. 2011-05 , § 2, 6-7-11)

Editor's note

Ord. No. 98-31, § 8, adopted Nov. 3, 1998, amended section 23-168 in its entirety to read as herein set out. Former section 23-168 pertained to a school board business advisory board and derived from Ord. No. 92-28, § 3.08, adopted Sept. 22 1992.