A. Special Fund for capital outlays.
1. Source. Taxes may be levied upon the taxable property for the raising of moneys for said fund, subject to the laws of taxation. Also the City Council may transfer to this fund unencumbered surplus funds remaining on hand at the end of any fiscal year.
2. Purposes. This fund shall remain exclusively for making capital outlays.
('65 Code, § 2-88) (Ord. No. 609)
B. Special capital outlay funds.
1. Pursuant to Charter § 1607, the following special funds are created for special capital outlay purposes:
Duplicating Machine Fund — 13-3;
City Buildings Maintenance Fund — 13-7;
Police Department Fund — 14-0;
Fire Department Buildings, Facilities and Equipment Fund — 14-1;
Weed Control Equipment Fund — 14-5;
Parking Meters Fund — 14-6;
Public Works Equipment Fund — 15-0;
Street Department Fund — 15-3;
Street Maintenance Equipment Fund — 15-4;
Municipal Plunge Equipment and Facilities Fund — 16-1;
Park Department Land, Buildings, Facilities and Equipment Fund — 16-3;
Tree Planting and Landscaping Fund — 16-4;
City Yard Land, Buildings, Facilities and Equipment Fund — 17-5;
City Hall Building, Equipment, Facilities and Replacement Fund — 19-0;
Advertising and Promotion Fund — 138C-C;
Bus Department Facilities, Equipment, Repair and Replacement Fund — 270-2.
2. Source. That the City Council will, from time to time, levy and collect taxes for capital outlays and will include in the annual tax levy, from time to time, a levy for such purposes, in which event there shall be apportioned and appropriated to the Special Capital Outlay Funds the money derived from such levy.
3. Purposes. Each fund shall remain inviolate for the department or division denoted by the name, unless changed by lawful election. Unencumbered funds may be transferred by the City Council into any of the Special Capital Outlay Funds.
('65 Code, § 2-90) (Ord. No. 2006-009 § 15)
C. Expenditure requirement. Not less than three-fourths of the funds derived from each annual tax levy and from other sources for Capital Outlay purposes shall be apportioned and appropriated not later than the end of the third quarter of the fiscal year.
('65 Code, § 2-91) (Ord. CS-188 §§ 1 - 5)