Loading...
§ 36.05 OFFICIAL DEPOSITORIES; DISBURSEMENT OF CITY FUNDS.
   (A)   The Board of Commissioners shall designate as the city’s official depositories one (1) or more banks, federally insured savings and loan companies, or trust companies within the Commonwealth. The amount of funds on deposit in an official depository shall be fully insured by deposit insurance or collateralized in accordance with 12 U.S.C . sec. 1823, to the extent uninsured, by any obligations, including surety bonds permitted by KRS 41.240(4).
   (B)   All receipts from any source of city money or money for which the city is responsible, which has not been otherwise invested or deposited in a manner authorized by law, shall be deposited in official depositories. All city funds shall be disbursed by written authorization approved by the Board of Commissioners which states the name of the person to whom funds are payable, the purpose of the payment, and the fund out of which the funds are payable. Each authorization shall be numbered and recorded. (KRS 91A.060)
ANNUAL BUDGET ORDINANCE PROCEDURE
§ 36.15 PURPOSE.
   (A)   The purpose of this subchapter is to adopt rules governing the Board of Commissioners in its proceedings for administering the financial affairs of the city, to establish a standard procedure for the making and administration of budgets, to place responsibility for the making and administration of budgets, to place responsibility for the tasks related to budget preparation and administration, to determine of the amount of taxes and other revenues in such a manner that budgets may be balanced on the basis of actual cash receipts within the budget period, to establish appropriations to insure the payment of debt, and to control other expenditures.
   (B)   These provisions are also intended to enable the Board of Commissioners to make financial plans for both current and capital expenditures, to insure that executive staffs administer their respective functions in accordance with these plans, and to permit taxpayers and investors to form intelligent opinions based on sufficient information as to the financial policies and administration of the city.
   (C)   For the accomplishment of these purposes, the provisions of this subchapter shall be broadly construed, and shall be in effect until repealed or amended. This subchapter may be repealed or amended by a majority vote of the Board of Commissioners in the same manner as required by §§ 38.45 through 38.47 for the adoption of an ordinance, except that in no case may a vote be taken on amendment or repeal of this subchapter at the meeting at which it is first proposed.
   (D)   Within the provisions and for the purpose of this subchapter, officers and employees shall have the power and be subject to the duties expressly stated or necessarily implied.
(Ord. 210.2, passed 12-8-80)
§ 36.16 PREPARATION AND SUBMISSION OF BUDGET.
   (A)   The budget officer, at least thirty (30) days prior to the beginning of each fiscal year, shall submit to the Board of Commissioners a budget and an explanatory budget message in the form and with the contents provided by §§ 36.23 through 36.29. For such purpose, not less than sixty (60) days prior to the beginning of the fiscal year, he or she or an officer designated by him or her shall obtain from the head of each office, department, or agency estimates of revenues and expenditures of that office department, or agency, which shall contain:
      (1)   The organization units within the department or agency.
      (2)   The object of expenditure, which may be any of the following:
         (a)   Personal services;
         (b)   Contractual services;
         (c)   Materials and supplies;
         (d)   Capital outlay; or
         (e)   Debt service.
         (f)   Any other supporting data requested by the Budget Officer.
      (3)   A list of all new programs and capital projects pending or which the department head believes should be undertaken within the budget year and within the next five (5) succeeding years.
   (B)   In preparing the budget, the Budget Officer shall review the estimates, shall hold conferences with department heads thereon, and may revise the estimates as he may deem advisable. He also shall obtain from the responsible officer or officers estimates of anticipated state and federal grants and required matching funds where applicable.
(Ord. 210.2, passed 12-8-80)
§ 36.17 BUDGET TO BE PUBLIC RECORD.
   The proposed budget, budget message, and all supporting schedules shall be a public record in the office of the Finance Director/City Clerk/Tax Administrator, open to public inspection by anyone. The Budget Officer shall cause the proposed budget to be printed or otherwise reproduced and sufficient copies shall be made available for the use of all offices, departments, and agencies and for the use of interested persons and civic organizations.
(Ord. 210.2, passed 12-8-80)
Loading...