A. The revenue received from the systems development charges shall be budgeted and expended as provided by state law. Such revenue and expenditures shall be accounted for as required by state law. Their reporting shall be included in the city’s Comprehensive Annual Financial Report required by ORS Chapter 294.

B. The capital plan for capital improvements require by state law as the basis for expending the public improvement charge component of systems development charge revenues shall be the McMinnville Transportation System plan; McMinnville Wastewater and Stormwater Master Plans and Capital Improvements plan (CIP); adopted facilities plans; park master plans; the capital improvement plan of any other governmental entity with which the city has a cooperative agreement for the financing of commonly-used public improvements by the collection of system charges; provided such plans conform with state law and are consistent with the city’s CIP and the city’s comprehensive plan. (Ord. 4980 §1, 2014; Ord. 4585 §1dm, 1995; Ord. 4495 §1 (part), 1991).