CHAPTER 32: FINANCES AND FUNDS
Section
   32.01   Annual municipal budget ordinance
   32.02   Payment of money
   32.03   Payment of warrants
   32.04   Insurance of property
   32.05   Emergency spending
§ 32.01 ANNUAL MUNICIPAL BUDGET ORDINANCE.
   (A)   Pursuant to SDCL § 9-21-34, the Annual Municipal Budget Ordinance shall be submitted to the City Council for first reading not later than the first regular meeting in November.
   (B)   The second reading of the Annual Municipal Budget Ordinance shall be held at least five days after the first reading.
   (C)   The Annual Municipal Budget Ordinance shall be published prior to December 31 following adoption.
(Prior Code, § 2.04.050) (Ord. 21-02, passed 8-23-2021)
Statutory reference:
   Related provisions, see SDCL § 9-21-34
§ 32.02 PAYMENT OF MONEY.
   No money shall be paid out of the treasury except, upon the warrant of the Mayor and countersigned by the Finance Officer, bonds and interest coupons which, when due, may be paid upon presentation; in case the same are payable at some place other than within the city, the money for their redemption shall be sent to the place where they are payable in time to meet such payment when due.
(Prior Code, § 3.04.010)
§ 32.03 PAYMENT OF WARRANTS.
   All warrants shall be paid in the order in which they are presented out of the funds upon which they may be drawn, and the Finance Officer shall note on the back of each warrant presented the date of such presentation and the date of such payment. Every such warrant shall be paid upon presentation if there is sufficient money in the fund upon which it is drawn to pay the same; if not, it shall be registered as provided by law.
(Prior Code, § 3.04.020)
§ 32.04 INSURANCE OF PROPERTY.
   The Finance Officer of the city shall, under the direction of the City Council, keep all public property of the city properly protected by insurance against loss or damage by fire, lightning, tornado, and hail in reliable and responsible insurance companies and securely keep such policies or insurance.
(Prior Code, § 3.04.030)
§ 32.05 EMERGENCY SPENDING.
   (A)   The City Council deems it unnecessary to hold a special meeting when an emergency occurs and approved monies are needed for the immediate repair.
   (B)   Purchases for routine maintenance supplies, not to exceed the amount of $3,500, shall be approved by the Public Works Department, the Finance Officer, and the Mayor. Should repairs other than routine be needed, an emergency meeting of the applicable committee members, the Public Works Director, the Finance Office, and the Mayor may be called. Issues other than emergencies are to be resolved at regular Council meetings. The emergency spending cost cannot exceed the amount of $20,000, at which time a special City Council meeting would become necessary.
   (C)   The City Council grants committees the authority to approve emergency spending not to exceed $20,000.
(Prior Code, § 3.24.010) (Ord. 07-10, passed - -; Ord. 11-10, passed 9-8-2011)