(A) Funding of the Rainy Day Fund. A Warrick County “Rainy Day Fund” has been established to receive transfers of unused and unencumbered funds raised by a general or special tax levy on taxable property within the county whenever the purpose of such tax levy has been fulfilled and an unused and unencumbered balance remains, including those funds allowable under I.C. § 36-1-8-5, I.C. § 6-3.6-9-15, or any other funding source specified in a resolution that is adopted by the County Council under I.C. § 36-1-8-5.1 and not otherwise prohibited by law.
(B) Purposes of the fund. The funds, on deposit in the Rainy Day Fund, may be used for the operation of Warrick County and its various departments, including, but not limited to, salaries and wages, costs of services, supplies, equipment, capital improvements, repairs and similar expenditures.
(C) Appropriations. The Warrick County Council may authorize the expenditure of funds from the Rainy Day Fund, by appropriations made in the same manner as other funds are appropriated that receive tax moneys, upon making a finding that the proposed use of the funds is consistent with the intent of the Rainy Day Fund.
(CC Ord. 2003-02, passed 11-6-03; Am. CC Ord. 2004-01, passed 2-5-04; Am. CC Ord. 2016-01, passed 10-6-16)