(a) The funds collected under the provisions of this chapter shall be applied as follows:
(1) Two-thirds of all funds collected shall be credited to Income Tax Account A.
(2) One-third of all funds collected shall be credited to Income Tax Account B.
(b) Income Tax Account A shall be applied for the following purposes and in the following order, to-wit:
(1) Such part thereof as shall be necessary to defray all costs of collecting the taxes levied by this chapter and the cost of administering and enforcing the provisions thereof;
(2) Such sums as may be appropriated by Council to the General Fund; and
(3) The balance of the funds collected shall be appropriated by Council for the following purposes:
A. Purchase and maintenance of equipment for the Departments of Public Service and Public Safety;
B. Municipal services and facilities; and
C. Municipal capital improvements.
(c) Income Tax Account B shall be appropriated by Council for municipal capital improvements and for no other purpose.
(d) Council may, if and when necessary, appropriate moneys for poor relief, public disaster or civil emergency, but in no event shall such appropriations exceed the actual need for such funds. Any unexpended balances from such funds so appropriated shall be returned to the fund from which appropriated.
(Ord. 258-2003. Passed 12-15-03.)