For the purpose of this subchapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.
BIENNIAL BUDGET. A budget by the city that provides for a biennial period to determine and carry on the city’s financial and taxing affairs.
BIENNIAL PERIOD. The two fiscal years comprising a biennium commencing in odd-numbered or even-numbered years used by the city in determining and carrying on its financial and taxing affairs.
FISCAL YEAR. The fiscal year of the municipality and any public utility of the municipality commences on October 1 and extends through the following September 30, except as provided in the Municipal Proprietary Function Act, being Neb. RS 18-2801 through 18-2808.
PUBLIC FUNDS. All money, including non-tax money, used in the operation and functions of governing bodies. If the city has a lottery established under the state’s County and City Lottery Act, being Neb. RS 9-601 to 9-653, only those net proceeds which are actually received by the city from a licensed lottery operator shall be considered PUBLIC FUNDS and PUBLIC FUNDS shall not include amounts awarded as prizes.
(1976 Code, § 1-801) (Ord. 1187, passed 1-22-1996; Ord. 1438, passed 12-23-2013)
Statutory reference:
Related provisions, see Neb. RS 13-503, 17-701