[R.O. 2012 §140.010; CC 1979 §10-1]
The fiscal year of the City shall commence on the first (1st)
day of April of each year and shall terminate on the thirty-first
(31st) day of March of the following year.
[R.O. 2012 §140.020; CC 1979 §10-3; Ord. No. A-5054 §§1 — 4, 11-10-1989, Ord. No. A-6154 §§1
— 5, 6-28-1995; Ord. No. A-6993, 10-2-2000; Ord. No. 7934, 8-20-2009; Ord. No. 8436, 6-20-2016]
A.
The
following purchasing procedures shall apply to all departments of
the City:
1.
Department heads shall have expenditure authority of up to one thousand
dollars ($1,000.00).
2.
The City Administrator shall approve purchases exceeding one thousand
dollars ($1,000.00).
3.
The Mayor shall approve purchases exceeding ten thousand dollars
($10,000.00).
4.
The Mayor and Commissioners shall approve purchases exceeding twenty-five
thousand dollars ($25,000.00).
B.
Bids
shall be sought whenever practicable. Bids under five hundred dollars
($500.00) may be verbal, written or faxed. Bids exceeding five hundred
dollars ($500.00) shall be written or faxed and shall be attached
to the accompanying requisition. Formal, sealed bidding will be at
the discretion of the Council.
C.
To
enable the procurement of materials, supplies and/or services in a
timely manner during emergency conditions, the City Administrator
may approve purchases up to a maximum of twenty-five thousand dollars
($25,000.00). An emergency condition exists only when declared, in
writing, by the Mayor and may be made retroactively to the beginning
date of such emergency.
[R.O. 2012 §140.025; Ord. No. 7317, 5-20-2003]
A.
New
assets/projects costing five thousand dollars ($5,000.00) or more
which have a useful life beyond one (1) year shall be capitalized
for financial reporting purposes.
B.
Betterments/improvements
for assets/projects costing five thousand dollars ($5,000.00) or more
which have a useful life beyond one (1) year shall be capitalized
for financial reporting purposes. A "betterment/improvement" shall be defined as an improvement which significantly increases
the useful life of an existing asset or provides a significant new
function to an existing asset. A betterment/improvement must be an
improvement to property other than by mere repairs.
C.
Assets
or projects costing five thousand dollars ($5,000.00) or more which
are merely repairs and maintenance to existing City assets shall be
expensed for financial reporting purposes. Also, new assets/projects
and betterments/improvements which are under five thousand dollars
($5,000.00) shall be expensed for financial reporting purposes.
[R.O. 2012 §140.030; CC 1979 §10-4; Ord. No. A-1163 §2, 4-27-1950; Ord. No. 7591 §1, 8-22-2005; Ord. No. 7593 §1, 8-22-2005]
The City Clerk shall make quarterly reports to the State Collector
of Revenue of all State sales tax received by the Clerk and shall,
at the time of making such reports, remit to the State Collector of
Revenue all sales tax received by the City during the period covered
by such reports.
[R.O. 2012 §140.040; CC 1979 §10-5; Ord. No. A-119 §1, 6-7-1932]
Whenever a special tax bill has been issued by the City against
any lot, tract or parcel of land in the City, on account of the construction
of sidewalks, curb and gutter, paving or any other kind of improvements
authorized by law and this Code and other ordinances of the City,
and such lot, tract or parcel of land is or may be owned by two (2)
or more parties, the owner of any designated part of the same may
pay off such special tax bill on the part so owned, and the City Clerk
is hereby authorized to release that portion so paid off on the special
tax book record of the City and give the owner a certificate of such
payment and release, describing the part so paid off.
[R.O. 2012 §140.050; CC 1979 §10-9]
The City Council shall not allow funds to be drawn in any year
for an amount exceeding the revenue of the City for that fiscal year.
