An outside accounting firm's review of how Frisco collected and spent impact fees over five years turned up one small reporting gap and two bookkeeping suggestions, and the City Council will hold the required public hearing on the results Tuesday, Oct. 20.
Frisco collects impact fees for roads, water and wastewater when it issues building permits, the report shows. Under Senate Bill 1883, a city must have a certified public accountant perform an independent financial audit before it raises existing impact fees or adopts new ones, according to a staff memo in the council packet.
The memo notes that state law also requires cities to revisit the fees no less than once every five years, and that Frisco last updated them in 2019.
What the review covered
The council hired Baker Tilly in February 2025. The firm finished its report in July 2026, and it covers Oct. 1, 2019, through Sept. 30, 2024. It was presented to the city's Capital Improvement Advisory Committee on July 28, where no comments were made, and posted online in August, the memo says.
According to the report's tables, the city collected about $22.5 million in water fees, $20.8 million in wastewater fees and $25.9 million in roadway fees over those five years, roughly $69.3 million in all. Spending on fee-eligible projects totaled about $94.9 million, including $43.3 million in the fiscal year that ended Sept. 30, 2024.
The balance of unspent fees fell from $87.6 million in September 2023 to $59.7 million a year later.
