HomeMy WebLinkAboutMemo - Mail Packet - 11/17/2020 - Memorandum From Jennifer Poznanovic Re: 2020 Fee Update Timeline Clarification
Finance Administration
215 N. Mason Street
PO Box 580
Fort Collins, CO 80522
970.221.6788
970.221.6782 - fax
fcgov.com
MEMORANDUM
Date: November 6, 2020
To: Mayor and City Councilmembers
Thru: Darin Atteberry, City Manager
Travis Storin, Chief Financial Officer
From: Jennifer Poznanovic, Sr. Revenue & Project Manager
Re: 2020 Fee Update Timeline Clarification
_____________________________________________________________________________
At the Wednesday November 4th Regular Meeting, Council requested staff clarify the frequency
of fee updates across different fee types.
Fee coordination includes a detailed fee study analysis for Capital Expansion Fees,
Transportation Capital Expansion Fees and Development Review/Building Fees every four
years. This requires an outside consultant through a request for proposal (RFP) process where
data is provided by City staff. Findings by the consultant are also verified by City staff.
For Utility Fees, a detailed fee study is planned every two years. These are internal updates by
City staff with periodic consultant verification.
Fee study analysis will be targeted in the odd year before Budgeting for Outcomes (BFO). In
years without an update, an inflation adjustment occurs.
Below is the current fee timeline:
2021 is the next year where a full fee study will be performed, intending to be adopted for
January 1, 2022.
DocuSign Envelope ID: F98BEE34-5F2C-4A40-ADCB-6DA7C6E674E1