(a) The funds collected under the provisions of this chapter shall be applied for the following purposes, 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) The balance of the funds collected each year under the provisions of this chapter shall be paid into special funds which are hereby established for the following purposes:
A. Purchase and maintenance of new and additional equipment for the Department of Public Service and Public Safety;
B. Extension, enlargement or improvement of municipal services or facilities;
C. Street improvement and repair;
D. Construction, remodeling or enlargement of public buildings.
(b) Council shall determine by resolution the amount or percentage of such tax receipts to be allocated annually to such special funds created by subsection (a) hereof. Council, if and when necessary, may appropriate monies from any or all of such special funds for 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 special funds respectively from which appropriated.
(Ord. 424. Passed 6-8-70.)