§ 34.03 FORM.

   The form of the annual budget proposal shall be consistent in form, to the extent practical, with the accounting system of the city.

(Ord. 10-81, passed 6-16-1981; Ord. 12-87, passed 7-28-1987)

Statutory reference:

   Form of budget, see KRS 91A.030(12)

§ 34.04 TRANSFERS TO INTERFUND TRANSFER ACCOUNT.

   (A)   Any unencumbered funds, appropriation balance or portion thereof may be transferred to the Interfund Transfer Account and used at the direction of the executive authority to supplement any department, program, function or objective contained in the approved budget ordinance.

   (B)   Any such transfers in excess of $7,500 shall first be approved by City Council.

   (C)   Any transfers equal to or less than $7,500 shall first be approved by the Mayor.

(Ord. 10-81, passed 6-16-1981; Ord. 12-87, passed 7-28-1987)

§ 34.05 AMENDMENT TO BUDGET ORDINANCE WHEN FUNDS DEPLETED.

   In the event that budgeted funds for any department program, function or objective are depleted and supplemental funding is unavailable from the Interfund Transfer Account, no further expenditures can be made for that specific activity without an amendment to the budget ordinance by City Council.

(Ord. 10-81, passed 6-16-1981; Ord. 12-87, passed 7-28-1987)

TAXATION

§ 34.15 COUNTY VALUATION TO BE USED.

   Pursuant to KRS 132.285, the city shall hereinafter use the annual county assessment valuation for all property real and personal situated within the city as a basis of ad valorem tax levies which have been or may be ordered or approved by the City Council.

(Ord. 148, passed 12-15-1959; Ord. 15-1960, passed 10-4-1960)

§ 34.16 FISCAL YEAR.

   The fiscal year for the city is fixed and established from July 1 through June 30, effective and beginning July 1, 1960.

(Ord. 148, passed 12-15-1959; Ord. 36-2006, passed 9-19-2006)

§ 34.17 AD VALOREM TAX.

   The ad valorem tax rate is adopted herein by reference as if appearing in total and made a part hereof.

Statutory reference:

   Authority to levy ad valorem taxes, see KRS 92.280

§ 34.18 AD VALOREM TAX ON UNMANUFACTURED TOBACCO.

   A tax levy and an ad valorem tax on all unmanufactured tobacco shall be imposed as set forth by ordinance of the City Council and hereby adopted by reference as if appearing in total and made a part hereof.

§ 34.19 TAXPAYER'S DISCOUNT.

   A discount shall be allowed as set forth by ordinance of the City Council and hereby adopted by reference as if appearing herein and made a part hereof.