(A) There is hereby established the Treasury of the town.
(B) The Town Treasury is composed of the following:
(1) All moneys collected by the town under any law of this state or of the town providing for the collection of revenue for lawful public purposes;
(2) All moneys borrowed on the credit of the town by the Town Council, the Clerk-Treasurer or any other authorized agent of the town;
(3) All moneys derived from the sale of property belonging to or held in trust by the town;
(4) All moneys and securities belonging to, lent to or held in trust by the town, where no other disposition of them is required by law;
(5) All income derived in any manner from any money or property specified in this section;
(6) Every fee, perquisite or bonus received by any public officer or employee in the discharge of his or her duties;
(7) All moneys appropriated to the payment of any part of the interest on the public debt; and
(8) All moneys from any source paid, belonging, or accruing to the town for the use of the town or to a town fund for any purpose.
(C) The Town Treasury shall be divided into the General Fund and other funds as are created by statute or by ordinance.
(D) The General Fund consists of all moneys paid into the Town Treasury, which are not by operation of a statute, ordinance or requirement of the donor dedicated to another fund or for another purpose.
(Ord. 2009-4, passed 4-14-2009)