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(1) On an annual basis, the district shall submit the following materials to the City Council:

(a) The district’s capital facilities plan as adopted by the school board;

(b) The district’s enrollment projections over the next six years, its current enrollment and the district’s enrollment projections and actual enrollment from the previous year;

(c) The district’s standard of service;

(d) The district’s overall capacity over the next six years, which shall take into account the available capacity from school facilities planned by the district but not yet built and be a function of the district’s standard of service as measured by the number of students which can be housed in district facilities; and

(e) An inventory of the district’s existing facilities.

(2) To the extent that the district’s standard of service identifies a deficiency in its existing facilities, the district’s capital facilities plan must identify the sources of funding other than impact fees for building or acquiring the necessary facilities to serve the existing student population in order to eliminate the deficiencies within a reasonable period of time.

(3) Facilities to meet future demand shall be designed to meet the adopted standard of service. If sufficient funding is not projected to be available to fully fund a capital facilities plan which meets the adopted standard of service, the district’s capital facilities plan should document the reason for the funding gap, and identify all sources of funding that the district plans to use to meet the adopted standard of service.

(4) The district shall also submit an annual report to the City Council showing the capital improvements which were serviced in whole or in part by the school impact fees.

(5) In its development of the financing plan component of the capital facilities plan, the district shall plan on a six-year horizon and shall demonstrate its best efforts by taking the following steps:

(a) Establish a six-year financing plan, and propose the necessary bond issues and levies required by and consistent with that plan and as approved by the school board consistent with RCW 28A.53.020, 84.52.052 and 84.52.056 as amended; and

(b) Apply to the State for funding, and comply with the State requirements for eligibility to the best of the district’s ability. (Ord. 16-16 § 1 (Exh. A))