HomeMy WebLinkAboutOrdinance 152
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OltOlNANCE NO. 152
V I I.lAGE OF MOlINQS V lEW
~OUNTY OF RAMSEY
STATJ\ or MINNESOTA
" .AN ORDINANCE ESTA.BLISHING /\ UTILITn;s OPERATING FUND.
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Thc;,V1l1!\~eCfllJnr'l of the Villa.cc-ofMllunds ,View ordains:
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:sec~i.on r. . Utilities Opcratllllo: Fund..
There is hereby.~created ,a
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and ~pCC'I.Bl!uncl:cdo8!~gnted,:1l9 the "Uti 11 tier,;, OperatIng ,Fund, whIch"the ,tr!ea~,~.~,er
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shalf maintain ontl;~'6fficial books nnd'rccords'ilf lheVfn'ageandadmini.stcr""
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in aCl;ordar\(;c with this ordinance. TI.1~ fund ~hall be used to h,andle the',.:,
'income illlll dl!;bur!:iCmcllts frorn thl' '"lInIClpili ....at.:'. i!llll sanltary sewer utilities
owned and operated by the Village.
.>Sec,tion 2." Water .Andsewer Funds 1'0 Be separated.. The income and.disburseme~t8
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. " of' ~~e 'wiite'ruti fi"t1 e's"'"s'ys tern shal I' be
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uul:i.tfes System"
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kept rll' a q;sub-aCCbunt::,entftle~',:~~~~,e~~;;:L;;};/~~;>,;;,U:'
and the incomp. and ~iilbursenients>>f the ,~anlt'a.ry seweruU.i.~t)'
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shall be kept in a sub-account entitled "Sanitary Sewer System".-
Sec't1on 3. Income And DiHbur!lcments. Incom(' from either the water, :or,: s8l,litary','
S(".o(:!" s)'s~cr.l ,-;lIa11 be credit,,'': .i"t'ctl,' u. the ;\j',.;:>(,r account. Disb'Jrsemen'ts ShOALl
be debitf'u ao:<1inst the app1ic"i);~" .....;.1:,'-',- '....r !<a:\i::,Il')" sewer sys!,('r:" .\Ct~Ullnt." AM.)"
disbursements that are mnde for public utility p~rpoges shall be ap~Jrtl~n~d by
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:~~ th~:' treasurer to'the applicable account.
"'~::' $C:fct1on <1. Tra.J.l:sf~r Qf Funds _The ,Vi llagecouncJ,'i, m';y":transfcr ~funds"':into"
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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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l-edemption fl;nd.",:':, ,r,'
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Section 5. ,Pledge Of Y'Jnds. In the event the Council pledges BnY,.of', the
funds of the Util:ties Oper:>.ting Fund for bond redomption or any other, purpose
th~n ~he Clerk shall make such payments as are necessary in the manner
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by law or re~olut1on.AIl pledges must be satisfied before the Council, can' .'
authorize a transfer out of the Uti Ii ties Opera.t1l1~ Fund.'
Section G. Investment Uf surpluses. Whenever a surplus exists in the
Uti li pen Operatin~ Fund the Treasurer shall invest said funds and the ,income
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derived therefrom shall bc credited to the Utilities Ol'urat1nk Fund. A surplus'
shall exist when thp. total amount of the funds exceeds the expenscs, including
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'pledges, projected for a 90 day period.
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Sect1 on 7. Effect! va Date . This ordinance shall, take effuc t and ,be infor~e,,-:::;,,:-:)
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:o,f rom ,an:d:!,if te{':l ts passage' llnd ,;publl~ation .::'I'!1,e. funds' creat~d 'h:tire1n:!J.hlll,l.::E~~~~~/E~~::::~t~~
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'cstabl1shedwfth all nUf> (HUg~nc.. aiid~ffort bythe::vHlage.:T~~~s,~~~~~,,,:'~~,:';:;:,l~Yt,~:1.1t~i:~
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"c,ofJicc.
Pass~d by the Village Cuuncil this
22l1d
day of
July'
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19 6l~' . ' . ';'"'::'" :~', <:.,
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Mayor
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