§ 5.71.154  TAXES; SEPARATE ACCOUNTING; QUARTERLY REPORTS; ANNUAL REVIEW.
   (A)   Utility Users Tax Account.  The Director of Finance shall establish a “utility users tax account” within the general fund and shall place therein any and all of the taxes collected under this chapter which are in excess of the amounts needed to fund the general fund budget during any one fiscal year.
   (B)   Quarterly reports.  Commencing on December 31, 1983, and quarterly thereafter, the Director of Finance shall prepare a report to be furnished to the City Council and the City Manager of the amount of all of the taxes collected under this chapter and the disposition of same, including the balance, if any, in the utility users tax account, for the previous quarter.
   (C)   Annual review. Each year in conjunction with the city's annual budget deliberations, the City Council shall reconsider the provisions and rate of the utility users tax as well as any surplus which may have accumulated in the utility users tax account during the current fiscal year, after which the City Council may modify the provisions and rate of the tax and/or may provide no tax on one or more utilities for the ensuing fiscal year. The tax imposed shall continue to be levied for each fiscal year under the provisions of this chapter unless modified by the City Council.
   (D)   No tax collected for electrical for certain years.  Pursuant to division (C) of this section, the City Council has determined that for fiscal years 1987-88, 1988-89 and 1989-90, there will be no utility users tax collected for residential properties on electrical energy and water delivered through mains or pipes. The determination to not impose the tax on residential electricity and water usage does not impair the City Council's ability to impose the same in subsequent fiscal years.
   Exception:    Electrical - All residential accounts classified by the utility as Revenue Rate Code 01. Exemption status will be applicable to the first full billing period of the utility after the effective date of the ordinance.
   (E)   No tax collected for gas for certain years.  Pursuant to division (C) of this section, the City Council has determined that effective January 1, 1989, for the remainder of 1988-89 fiscal year and for the 1989-90 fiscal year, there will be no utility users tax collected for residential properties on gas energy delivered through mains or pipes. The deter-mination to not impose the tax on residential gas usage does not impair the City Council's ability to impose the same in subsequent fiscal years.
('86 Code, § 5.71.154) (Ord. 3928, passed  - - ; Am. Ord. 4030, passed - - ; Am. Ord. 4075, passed - - )