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<br /> <br />'Ii, <br /> <br />. <br /> <br />'" <br />.,:./. <br /> <br />ORDINANCE )92 <br />P r\G E '1'\-:0, <br /> <br />desiqnation or. the official books ilnd rpcords of th~ City and <br />shall i\nnually adjugt: this uesiqnation so that it equals one- <br />i1.l1f ot the sum :)f t!w ensuinq Yl'.lrfi' budo(,.ted General Fund <br />"rol"_~rty tel=< l(,oJY, .lnd anticIpated local ClOV0rnmlC'nt aids. <br /> <br />SubdivU;iolO 2. There jis hereby dcsiqnated for Contin- <br /><Jt'llcies :;:7<),1) 3D of the FUl"\d Balance of the Gt'neral Fund. The <br />Clerk-AdmInistrator ilnd Finance Dir~ctor-Treasurer shall main- <br />tdin t:1i~ GC'si1jnatiG:: C:-. t.hc cffiC"ial t.oo~~s arlJ rct:ords of thl: <br />City and Shilll annually adjust this designation so that,it <br />equals 10, perccr.t of thL~ sum of the-ensuing years' General, <br />Fund Expendi~ur(' BudG~t. <br /> <br />. <br /> <br />St:LdL.,;.i::;i.::m ,i. ':':ll'I".': ,is h':'l'-:.:by designatl~d for Compensated <br />Absences S72,8H3 of t_h'~ j'und relIance of t.;IC Groneral F..lIld. The <br />Clerk-Administrator and Finance uirec!"or-Treasurer shall <br />Ti'ldintain this c.h'siql1.lt"lon 0:1 !:he offic:al books <lnd records <br />of th(-" (~it:p .~!nd. sh-:l1 ~1=lnua'~':J" .Jdjust this design.3tion '";0 t]..at <br />:..t eql1111s tl1C sum of the. a::cumulated vacation leave of all <br />t.:mployt:"e~~ ('~rh nccemb"r 31 st and the sum of the accumulated <br />sick le~ve of ~ffi~]oyecs en~i~led to such for severance pay, <br />f,ursuant tv provisions of Chapter 6 of the r-:l1ni~ipai Code, <br />upon termi n<1 t ion f) f thl"':, r employment calc~ I ated each December <br />31st. ~ <br /> <br />'.'- , <br /> <br />SulJdi v is ion 4. There is hereby designated for Committed'" <br />COntl"clcts S13,957 of the Fund Balance oftheG(meral'Fund~, , ", <br />"'The Clerk,-Adnd n istra tor and Pi ;l.lnCe Dir,'~ctor..,Treasurer"shall>'::'>':: <br />,maint.::.in this desiqnationor. the officiill. bookfi," and records,,:'",',,''''' <br />":of the City and sha 11 an:lUa ll.y':ddjust thi~ designation:so": t:hati\ , ' <br />l.t equals the sum of the r,cYl..:'r31 Fur-d's Committed Contra,cts':,' <br />~s of ncc~mbcr 31st. <br /> <br />, I <br />~ 8 . 0 j ~~~~~~_?, f_!~~_~_~ :; :1<1 t i 0 !:,,~ <br /> <br />Subdivision 1. In the event that s~ffici~nt undesign~ted <br />Fund B~lance docs not exist!to permit the designation per <br />S('ction 7.8.02 above, d(':~iq;I,hti0ns shiil1 f:.(' rna-ie in the follow- <br />1 n q n r d c\ r. tot r H ' C x t L~ n t. r ~ ~ ~ i 1) 1 c . <br /> <br />;k'~.ilJllcltt'd for Committi:'d C0ntrac':s <br />nf." S . 'J n :'~ '': ed f (' r (~'t)!~p~..:' r~ ~:: ~~ t. cd ^l):-: C;"'i,';'~::-, <br />[) ('~, i q tl il t e d :- c: , CIS h F 1.1:>..... <br />[J,",,;j'Jn:ltcd fe,r C()nt.inqclli"i~'~ <br /> <br />e <br />