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A need now exists for the establishment of a Special LOIT Distribution Fund (257) for the specific purposes as spelled out in I.C. 6-3.6-9-17(h)(1)(A). The sources of funding for the newly established fund may include 2016 LOIT special distributions and any other funding source not specifically prohibited by law. This fund shall be subject to the same appropriation process as other municipal funds.
(Ord. 2016-6, passed 5-18-2016)
There is hereby established and created a TIF Fund for the town, for the deposit of any and all revenues generated by the town TIF District as specified in Resolutions No. 2006-001, 2006-002, 2008-001. All previously generated TIF revenues, in addition to any future TIF revenue shall be deposited into this Fund, and may only be expended pursuant to the provisions of I.C. 36-7-14 et seq.
(Ord. 2013-5, passed 4-3-2013)
(A) There is hereby re-established a Cumulative Capital Development Fund pursuant to the provisions of I.C. 36-9-15.5.
(B) An ad valorem property tax will be imposed and the revenues from the levy will be retained in the Cumulative Capital Development Fund.
(C)
The maximum rate levy under division (B) above will not exceed $0.05 per $100. Said tax rate will be levied beginning with taxes for 2019 payable in 2020.
(D) The funds accumulated in the Cumulative Capital Development Fund will be described in I.C. 36-9-27-100, for the improvement of storm drains; as described in I.C. 36-9-16.5 for the improvement of public ways; as described in I.C. 36-8-14 and I.C. 36-9-16-3 for the purpose of police and fire equipment; as described in I.C. 36-9-16-2 for the purpose of construction or rebuilding of municipal buildings; as described in I.C. 36-9-16-2, any ancillary use of said funds.
(E) Notwithstanding division (D) above, funds accumulated in the Cumulative Capital Development Fund may be spent for purposes other than the purposes stated in division (D) above if the purpose is to protect the public health, welfare, or safety in an emergency situation which demands immediate action. Money may be spent under the authority of this section only after the Town Council President issues a declaration that the public health, welfare, or safety is in immediate danger that requires the expenditure of money in said fund.
(F) This fund takes effect upon approval of the Department of Local Government Finance pursuant to the provisions of I.C. 36-9-15-5.
(Res. 2013-7, passed 7-24-2013; Ord. 2019-3, passed 2-20-2019)
(A) There shall be, and hereby is created, the Storm Water Revenue Fund.
(B) Any and all revenue collected by the town under and pursuant to (the most current storm water fee ordinance) 2012-7 shall be deposited into the Storm Water Revenue Fund.
(C) Any and all expenditures from the Storm Water Revenue Fund shall be made only for the use, benefit, operation, and maintenance of the town sewage works.
(Ord. 2012-11, passed 12-5-2012)
(A) Establishment. There shall be created a Police Fund for the town, to provide for the purchase of miscellaneous law enforcement supplies and equipment.
(1996 Code, § 46A.01)
(B) Revenues to Fund. The following sources of revenue and/or income shall be deposited into the Police Fund:
(1) Fees for copies of any and all incident and other reports, other than accident reports;
(2) Fees from pictures or copies of pictures;
(3) Any and all money realized from civil forfeiture actions;
(4) Fifty percent of all proceeds generated by violation of town ordinances and as collected by the Ordinance Violations Bureau;
(5) Any and all city and town court fees; and
(6) Any and all other miscellaneous sources of revenue, income, and fees generated by or in regards to the operation and services provided by the Police Department, and which are not mandated to be deposited into the Law Enforcement Continuing Education Fund.
(1996 Code, § 46A.02)
(C) Expenditures from Fund. Expenditures from the Police Fund shall be used for the purchase of materials, supplies, and equipment, or general operation of the Police Department, all at the discretion of the Chief of Police. However, any expenditure greater than $2,500 must be approved by the Town Council.
(1996 Code, § 46A.03)
(Ord. 2009-4, passed 5-20-2009)
(A) Creation. The Promotional Fund is hereby established. The Town Council is hereby authorized to budget and appropriate funds from the General Fund or from other funds to pay the expenses incurred in promoting the betterment of the municipality.
(1996 Code, § 43.01)
(B) Expenditures. Expenditures from this Fund may include but are not necessarily limited to the following:
(1) Membership dues in local, regional, state, and national associations of a civic, educational, or governmental nature which have as their purpose the betterment and improvement of municipal operations;
(2) Direct expenses for travel, meals, and lodging in conjunction with municipal business or meetings or organizations to which the municipality belongs;
(3) Expenses incurred in the promotion of economic or industrial development for the municipality, including meeting room rental, decorations, meals, and travel;
(4) Commemorative plaques, certificates, or objects such as commemorative keys; and
(5) Other purposes which are deemed by the Town Council President to directly relate to promotion to betterment of the town.
(C) Authorization and approval of expenses. No expenses shall be allowed from this Fund without prior authorization and approval of the Town Council President. Claims for expenses under this section will be allowed as prescribed by law.
(1996 Code, § 43.03)
(Ord. 327, passed 8-10-1982)
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