[HISTORY: Adopted by the Borough Council of the Borough of
Lehighton 10-26-1992 by Ord. No. 428. Amendments noted where applicable.]
A.
General
Fund established. The Borough of Lehighton does hereby establish a
General Fund, which will be comprised of one or more separate accounts,
which is to be used for general borough purposes other than purposes
for which a specific borough fund exists.
B.
General
Capital Reserve Fund established. The Borough of Lehighton does hereby
establish a General Capital Reserve Fund, which will be comprised
of one or more separate accounts, which is to be used from time to
time for general capital purchases or for such other purposes as may
be directed by the Council.
C.
Capital
Projects Fund established. The Borough of Lehighton does hereby establish
a Capital Projects Fund, which will be comprised of one or more separate
accounts, which is to be used from time to time for the construction,
purchase or replacement or additions to municipal buildings, equipment,
machinery, motor vehicles or other capital assets of the borough or
for such other purposes as may be directed by the Council.
D.
Light
and Power Fund established. The Borough of Lehighton does hereby establish
a Light and Power Fund, which will be comprised of one or more separate
accounts, which is to be used from time to time for the operation
and maintenance of the Lehighton Light and Power Distribution System
and any and all administrative and clerical expenses incident thereto
or for such other purposes as may be directed by the Council.
E.
Capital
Reserve Fund for Borough Light and Power System established. The Borough
of Lehighton does hereby establish a Capital Reserve Fund for the
Borough Light and Power System, which will be comprised of one or
more separate accounts, which is to be used from time to time for
the construction, purchase or replacement of any additions to or upgrading
of the Borough Light and Power System or for such other purposes as
may be directed by the Council.
F.
Sewer
Fund established. The Borough of Lehighton does hereby establish a
Sewer Fund, which will be comprised of one or more separate accounts,
which is to be used from time to time for the operation and maintenance
of the Lehighton Wastewater Treatment Plant and any and all administrative
and clerical expenses incident thereto or for such other purposes
as may be directed by the Council.
G.
Capital
Reserve Fund for Borough Wastewater Treatment Plant and Sewage Collection
System established. The Borough of Lehighton does hereby establish
a Capital Reserve Fund for the Borough Wastewater Treatment Plant
and Sewage Collection System, which will be comprised of one or more
separate accounts, which is to be used from time to time for the construction,
installation, purchase or replacement of the Wastewater Treatment
Plant, plant equipment and the sewage collection system or for such
other purposes as may be directed by the Council.
H.
Highway
Aid Fund established. The Borough of Lehighton does hereby establish
a Highway Aid Fund, which will be comprised of one or more separate
accounts, which is to be used from time to time for the construction
and reconstruction of highways, repairs to highways and bridges and
installation and maintenance of storm sewers and drains and for any
other purpose in compliance with the Liquid Fuels Tax Act, Act of
May 21, 1931, P.L. 149, § 1, et seq., 72 P.S. 2611a, et
seq., and any amendments thereto or any other laws governing
the use of such fund.
I.
Youth
Center Fund established. The Borough of Lehighton does hereby establish
a Youth Center Fund, which will be comprised of one or more separate
accounts, which is to be used from time to time for the construction,
operation and maintenance of youth recreational facilities and for
no other purpose.
The funds of the borough shall be controlled, invested and reinvested
and administered by the Borough Treasurer subject to monthly ratification
of the Treasurer's actions by Borough Council, and the moneys
therein expended for any of the purposes hereinbefore set forth in
such manner as may be determined by the Council.
The money in the funds, when invested, shall be invested in
securities designated as legal investments for municipalities as determined
by federal and/or state law.