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(A) There is established a Rainy Day Fund to receive transfers of unused and unencumbered funds raised by a general or special tax levy on taxable property within the city whenever the purpose of such tax levy has been fulfilled and an unused and unencumbered balance remains. The sources of funding for the Rainy Day Fund shall be: General Fund, including Mayor, Clerk-Treasurer, Board of Public Works, Common Council, Department of Law, Police, Plan Commission, Special Projects, and Fire Department; and the Police Pension, Aviation, Parks, Motor Vehicle Highway, Local Road and Street, Cum Cap Improvement, Cum Cap Development and Police Continuing Education funds.
(B) The funds on deposit in the Rainy Day Fund may be used for the operation of the city and its various departments, when the city does not have sufficient levies or funds to pay such costs, including, but not limited to, salaries and wages, costs of services, supplies, equipment, capital improvements, repairs and similar expenditures.
(C) On or before December 31 of each year, the Common Council shall determine the amount, if any, of any unused and unencumbered funds available to be transferred to the Rainy Day Fund, which transfer may not exceed 10% of the city's total budget for that fiscal year.
(D) The Common Council may authorize the expenditure of funds from the Rainy Day Fund by appropriations made in the same manner as other funds are appropriated that receive tax monies, upon making a finding that the proposed use of the funds is consistent with the intent of the fund.
(Ord. 2003-18, passed 12-16-03)
(A) An account is established for the deposit of monies for the Ohio River Scenic Byway Project.
(B) Said account shall be named the Scenic Byway fund and all funds contained in said account shall be expended only for the limited and exclusive purpose of The Ohio River Scenic Byway Project.
(C) The express and written approval of the Board of Public Works and Safety shall be obtained prior to the expenditure of funds from said account.
(D) Said account shall be nonreverting and exist perpetually unless terminated by a subsequent ordinance enacted by the Common Council.
(E) If said account is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2004-26, passed 1-4-05)
There is hereby created in the city the Abandoned Vehicle Fund, pursuant to IC 9-22-1-30. The Abandoned Vehicle Fund shall be a revolving fund, and all monies paid to the city for the cost of removal, storage and disposal of abandoned vehicles or parts shall be placed in the Fund. The Fund shall also have added to it such monies as may be appropriated by the Council and monies shall not revert, but shall remain in the Abandoned Vehicle Fund. The costs for removal, storage and disposal of any abandoned vehicle or parts not claimed by the person who owns or holds a lien on the vehicle shall be paid from the Abandoned Vehicle Fund.
(Ord. 2004-10, passed 7-20-04)
(A) An account is established for the deposit of monies for the Farmers Market Grant Fund. The monies for this fund will come from a Rural Development Grant.
(B) The account shall be named the Farmers Market Grant Fund and all funds contained in said account shall be expended only for the limited and exclusive purpose of the Farmers Market.
(C) The express and written approval of the Board of Public Works and Safety of the city shall be obtained prior to the expenditure of funds from the account.
(D) The account shall be nonreverting and exist until grant monies have been expended and the fund has been audited by the State Board of Accounts.
(E) If the account is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2005-19, passed 12-6-05)
(A) An account is established for the deposit of monies for the Public Safety Local Income Tax Fund. The funds will come from the Jefferson County Auditor monthly or as established by the State of Indiana.
(B) The account shall be named the Public Safety Local Income Tax Fund and all monies contained in said account shall be expended only for the purposes and uses as authorized by IC 6-3.6-6-8 and IC 6-3.6-2-14 and as appropriated by the Common Council.
(C) The express and written approval of the Board of Public Works and Safety of the city shall be obtained prior to the expenditure of funds from the account.
(D) The account shall be nonreverting and exist perpetually unless terminated by a subsequent ordinance enacted by the Common Council.
(E) If the account is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2020-3, passed 3-17-2020)
(A) An account is established for the deposit of monies for the County Tax Fund. The monies will come from the county with the city's bi-annual tax draw.
(B) The account shall be named the County Tax Fund and all monies contained in said account shall be expended only for the limited and exclusive uses as listed by the Mayor as the list was provided to the County Auditor.
(C) The express and written approval of the Board of Public Works and Safety of the city shall be obtained prior to the expenditure of funds from the account.
(D) The account shall be nonreverting and exist perpetually unless terminated by a subsequent ordinance enacted by the Common Council.
(E) If the account is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2005-21, passed 12-6-05)
(A) An account is established for the deposit of monies for the Community of Compassion Fund. The monies will come from donations and fund raisers from the Madison Community.
(B) The account shall be named the Community of Compassion Fund and all funds contained in said account shall be expended only for the exclusive purpose of aiding disaster victims in Jefferson County, Indiana.
(C) The funds may be given to Jefferson County, Indiana relief agencies to be used for local emergencies.
(D) The express and written approval of the Board of Public Works and Safety of the city shall be obtained prior to the expenditure of funds from the account.
(E) The account shall be nonreverting and exist perpetually unless terminated by a subsequent ordinance enacted by the Common Council.
(F) If the account is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2005-22, passed 12-6-05; Am. Ord. 2014-1, passed 2-10-14)
(A) An account is established for the deposit of monies for the Bi- Centennial Event. The monies for this fund will come from donations to the event.
(B) The account shall be named the Bi-Centennial Event Fund and all funds contained in the account shall be expended only for the limited and exclusive purpose of the Bi-Centennial Event.
(C) The express and written approval of the Board of Public Works and Safety shall be obtained prior to the expenditure of funds from the account.
(D) The account shall be nonreverting and exist until grant monies have been expended and the fund has been audited by the State Board of Accounts.
(E) If the account is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2007-17, passed 12-4-07)
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