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§ 34.09 LOIT SPECIAL DISTRIBUTION.
   Per the direction given by the State Board of Accounts (“SBOA”) in accordance with the terms of the memorandum dated April 22, 2016 (SBOA Sea 67 Memorandum), at least 75% of the Special Distribution must be deposited into fund 257 titled LOIT Special Distribution and used for infrastructure as found under I.C. 6-3.6-9-17(h)(1)(A). The remaining 25% may be deposited into the general fund, into a properly created rainy day fund and used for any purposes of the town.
(Ord. 2016-2, passed 6-21-2016)
§ 34.10 COMMUNITY CROSSING MATCHING GRANT FUND.
   A new non-reverting fund to be known as the Community Crossing Matching Grant Fund ("Fund"), and which is to be given number 258, is now established. The Fund shall receive monies from the Community Crossing Matching Grant Fund through INDOT as well as local match funds transferred from the Reynolds Foundation Grant Fund.
(Ord. 2017-8, passed 11-21-2017)
§ 34.11 CREDIT CARD SERVICE FEE/UTILITY PAYMENT CLEARING FUND.
   There is established Fund #811: Credit Card Service Fee/Utility Payment Clearing as a perpetual non-reverting fund in which credit card and/or debit card utility payments may be deposited and subsequently transferred to the applicable utility account. The Clerk-Treasurer shall collect $25 from the gas, sewer, water, and trash utilities to establish the account. In the event the account is ever terminated, each utility will be reimbursed its $25 initial contribution.
(Ord. 2018-5, passed 4-17-2018)
§ 34.12 SIDEWALK MAINTENANCE FUND.
   There is established Fund #454: Sidewalk Maintenance Fund as a perpetual non-reverting fund in which cut permits for public way and restoration of public way may be deposited.
(Ord. 2019-3, passed 4-16-2019)
Editor’s note:
   Cut permits for public way and restoration of public way, see § 94.01
§ 34.13 AMERICAN RESCUE PLAN NONREVERTING FUND NO. 176.
   (A)   There is hereby created a special nonreverting fund to be known as the American Rescue Plan Nonreverting Fund No. 176.
   (B)   There shall be deposited into the fund any and all monies received from either the federal or state government pursuant to the provisions of the American Rescue Plan Act of 2021.
   (C)   Expenditures may be made from Fund No. 176 for expenditures incurred by the Town of Osgood, Indiana by December 31, 2024 for any of the following categories:
      (1)   To respond to the public health emergency with respect to the Coronavirus Disease 2019 (COVID-19) or its negative economic impact, including assistance to households, small businesses and nonprofits, or to aid the impacted industries, such as tourism, travel, and hospitality.
      (2)   To respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible workers of Osgood, Indiana, that are performing such essential work or by providing grants to eligible employers that have eligible workers who perform essential work.
      (3)   For the provision of government services to the extent of the reduction in revenue of the town due to the COVID-19 public health emergency relative to revenues collected in the most recent full fiscal year.
      (4)   To make necessary investments in the water, sewer, or broadband infrastructure.
(Ord. 2021-5, passed 5-18-2021)
§ 34.14 LOCAL INCOME TAX - PUBLIC SAFETY FUND.
   (A)   Creation of fund. The town hereby creates and establishes a special fund known as the “Local Income Tax - Public Safety Fund (Fund 2240)” into which all monies in the form of public safety LIT distributions shall be deposited.
   (B)   Purpose of fund. The primary purpose of the fund is to accurately track the receipts of the public safety local income tax and the disbursements of the fund for public safety purposes.
   (C)   Responsibility of fund. The Town Fiscal Officer shall be responsible for the deposits and disbursements of the fund and shall keep records as to the disbursements, receipts, and current balance in such fund at all times.
   (D)   Deposit of funds. Upon receipt of the public safety distribution of local income taxes, the Town Fiscal Officer shall immediately deposit all receipts into the Local Income Tax - Public Safety Fund.
   (E)   Disbursement of funds. The Town Fiscal Officer is directed to only disburse funds from the Local Income Tax - Public Safety Fund created hereunder upon a receipt of a claim approved by the Town Council.
   (F)   Limitation on the use of funds. Any funds placed in the Local Income Tax - Public Safety Fund may not be withdrawn except for the purposes for which the fund was created.
(Ord. 2024-1, passed 2-20-2024)
FEES
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