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<br />OltOlNANCE NO. 152
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<br />V I I.lAGE OF MOlINQS V lEW
<br />~OUNTY OF RAMSEY
<br />STATJ\ or MINNESOTA
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<br />" .AN ORDINANCE ESTA.BLISHING /\ UTILITn;s OPERATING FUND.
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<br />Thc;,V1l1!\~eCfllJnr'l of the Villa.cc-ofMllunds ,View ordains:
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<br />:sec~i.on r. . Utilities Opcratllllo: Fund..
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<br />There is hereby.~created ,a
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<br />.. .'-..",. .",--.. .. .:." - "... .~. .:.':.':..:.~i~:(:" ';.. :~~....:-- -. . :. :.....: ~.::. ..:;::...~;...;:... ":.:'
<br />and ~pCC'I.Bl!uncl:cdo8!~gnted,:1l9 the "Uti 11 tier,;, OperatIng ,Fund, whIch"the ,tr!ea~,~.~,er
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<br />.. . .... '-~'''." - . ,.... ~.'.
<br />.""":~! ":~,,?:":~'.:: .. . .......:-.l... _.: . '....; "_~ ... ......
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<br />shalf maintain ontl;~'6fficial books nnd'rccords'ilf lheVfn'ageandadmini.stcr""
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<br />in aCl;ordar\(;c with this ordinance. TI.1~ fund ~hall be used to h,andle the',.:,
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<br />'income illlll dl!;bur!:iCmcllts frorn thl' '"lInIClpili ....at.:'. i!llll sanltary sewer utilities
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<br />owned and operated by the Village.
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<br />.>Sec,tion 2." Water .Andsewer Funds 1'0 Be separated.. The income and.disburseme~t8
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<br />. .;! . ::.~.,'.' . "." .: ". .... .".- - ." . .
<br />. " of' ~~e 'wiite'ruti fi"t1 e's"'"s'ys tern shal I' be
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<br />uul:i.tfes System"
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<br />-.....- ."' .
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<br />kept rll' a q;sub-aCCbunt::,entftle~',:~~~~,e~~;;:L;;};/~~;>,;;,U:'
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<br />and the incomp. and ~iilbursenients>>f the ,~anlt'a.ry seweruU.i.~t)'
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<br />.... "L'--
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<br />shall be kept in a sub-account entitled "Sanitary Sewer System".-
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<br />Sec't1on 3. Income And DiHbur!lcments. Incom(' from either the water, :or,: s8l,litary','
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<br />S(".o(:!" s)'s~cr.l ,-;lIa11 be credit,,'': .i"t'ctl,' u. the ;\j',.;:>(,r account. Disb'Jrsemen'ts ShOALl
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<br />be debitf'u ao:<1inst the app1ic"i);~" .....;.1:,'-',- '....r !<a:\i::,Il')" sewer sys!,('r:" .\Ct~Ullnt." AM.)"
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<br />disbursements that are mnde for public utility p~rpoges shall be ap~Jrtl~n~d by
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<br />'. ;~:..:..-.:...;,-;.; .~.~:':.._,~.. ...~. .":~: . ._:..; "':;.:,..
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<br />:~~ th~:' treasurer to'the applicable account.
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<br />"'~::' $C:fct1on <1. Tra.J.l:sf~r Qf Funds _The ,Vi llagecouncJ,'i, m';y":transfcr ~funds"':into"
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<br />.. ..tbE;;~~~:t1." o~n ~ to'" F~;;~ f roo ;;~~~oo r~:. · .~.:;. 't~:-~on~~ii";;;';'trt.I~:~l;i~~'J,i'~~~!ti
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<br />ou.t of~~.the ..Ut1l1tie<iOpera ting Fund to' tt'.e general: fund" or .i~pr.~~e.~en{bo~l'!:::;":~~"~"~,\~k{
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<br />"._. :;" .~ ":. '::,:;:",:: .,~ n. .-', .-~. '", ':':'-~
<br />, '''',,'' " ' ,"" ,'",-"""L: .,..'.-,,'.,.',,":
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<br />l-edemption fl;nd.",:':, ,r,'
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<br />Section 5. ,Pledge Of Y'Jnds. In the event the Council pledges BnY,.of', the
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<br />funds of the Util:ties Oper:>.ting Fund for bond redomption or any other, purpose
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<br />th~n ~he Clerk shall make such payments as are necessary in the manner
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<br />by law or re~olut1on.AIl pledges must be satisfied before the Council, can' .'
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<br />authorize a transfer out of the Uti Ii ties Opera.t1l1~ Fund.'
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<br />Section G. Investment Uf surpluses. Whenever a surplus exists in the
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<br />Uti li pen Operatin~ Fund the Treasurer shall invest said funds and the ,income
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