BUDGET: Deficit reduction for Coeur d’Alene
A search of the City’s 2025 audited financial statements for “annexation fee funds” produces no answer. Where are these “funds”?
Such funds are generally money collected to be used for infrastructure on properties a city has annexed as part of a master plan real estate development. They are often restricted in use by agreements with developers or under grants which contribute the money. CDA might transfer such money to its operating fund but if the “annexation fee fund” may have a future claim for the transfer. CDA then has not “saved” money, it has a debt the operating fund will have to pay in the future.
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