[Ord. No. 3909 §§1 — 2, 10-17-2011]
At the end of any fiscal year of the City, a portion of all of the money remaining in the General Fund which has not been encumbered may be transferred in the Capital Improvement Fund created in Section 150.110.
[Ord. No. 3909 §§1 — 2, 10-17-2011]
An account named the Water Surplus Fund is designated for the specific purpose of insuring major repairs or replacement needs of the Water Fund. Funds from water/sewer collections that are deposited into the Combined Waterworks and Sewerage System Fund of the Pooled Savings Account will be deposited into the Water Surplus Fund to fund projects.
[Ord. No. 3909 §§1 — 2, 10-17-2011; Ord. No. 4132, 10-15-2018]
Ordinance No. 3165 adopted February 7, 1994 imposed a one percent (1%) sales tax. All revenue collected pursuant to the one percent (1%) tax on receipts from the sale at retail of all tangible personal property or taxable services within the City shall be distributed as follows:
General Fund | 97% | |
Library Fund | 3% |
[Ord. No. 3909 §§1 — 2, 10-17-2011]
Beginning with tax year 1996, the real estate and personal property taxes were billed by the Jefferson County Assessor and collected by the Jefferson County Collector of Revenue. Jefferson County remits the funds on a monthly basis via electronic funds transfer. The funds are recorded in the General Fund, Park and Library Fund by the prescribed allocation as set by the property tax levies:
General Fund | 60% | |
Park | 14% | |
Library Fund | 26% |