The funds collected under the provisions of this chapter shall be disbursed as of April 1, 2009 in the following manner:
(a) First, such part thereof as shall be necessary to defray all expenses of collecting the tax and of administering and enforcing the provisions of this chapter shall be paid.
(b) Second, the balance remaining after payment of the expenses referred to above shall be paid to the following Village funds in the stated percentages.
Fund Name Percentage Debt Service Fund 3303-130XXXX 2% Street Construction Maintenance and Repair Fund 2011-130XXXX 8% Capital Improvement Fund 4906-130XXXX 0% Storm Sewer Improvement Fund 4907-130XXXX 0% Sanitary Sewer Improvement Fund 4903-130XXXX 0% Town Center Improvement Fund 2905-130XXXX 0% Recreation Fund 2907-130XXXX 0% General Fund 1000-130XXXX 90% Multi Purpose Trail 4908-130XXXX 0% Total percentage 100% (Ord. 2009-3-18. Passed 3-4-09.) |