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1. Funds
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[§ 218, L.L. No. 4-1925; L.L. No. 28-1928; L.L. No. 6-1942; c. 710, L. 1943 (effective 4-2-1945)]
The local improvement fund is continued
with the moneys contained therein. There shall be placed to the credit
of said fund the proceeds of the sale of all bonds and notes issued
for or on account of local improvements. There shall also be placed
to the credit of said fund all amounts received by the City Treasurer
from assessments and charges for local improvements, including all
interest collected thereon, which said amounts may be appropriated
to other purposes only by way of reimbursement to any other fund including
the general fund when indebtedness chargeable to such local improvement
fund has been paid from such other fund. There must be paid therefrom
all bonds and notes heretofore or hereafter issued for or on account
of local improvements and the interest thereon, except insofar as
provision may have been made for such payment from other sources,
and all costs and expenses of local improvements heretofore made and
remaining unpaid, or hereafter made. The local improvement fund shall
not be used to finance public improvements. All moneys due the local
improvement fund because of assessments against the City at large
or against city-owned property shall be paid into such fund within
a year after the same shall become due.
In addition to such local improvement
fund as now existing, the Council may by ordinance create one or more
general or special local improvement funds for the purpose of financing
local improvements authorized subsequent to January 1, 1928, including
a fund to be used exclusively for the purpose of paying so much of
the cost and expense of such local improvements as may be required
by the ordinances assessing the same to be raised by assessment upon
local property or territory. If bonds and notes are issued for or
on account of such local improvements, their proceeds may be paid
into any such fund and such bonds and notes may be paid therefrom.
Any such ordinance may provide that amounts received or assessments
and the interest thereon or representing the City's share shall be
paid into any such fund and that the costs and expenses of any such
local improvements shall be paid therefrom.
[§ 1, L.L. No. 9-1993; § 1, L.L. No. 7-2011]
The Retirement Reserve Fund is continued
with the moneys contained therein. Payments from such fund, including
any income and interest earned, shall be made solely for debt service
on bonds funding retirement payments for City employees and the payment
of retirement costs of City employees.
[1]
Editor's Note: Former § 6-42, Library
Building Fund, § 409, c. 755, L. 1907, added by c. 121,
L. 1914; L.L. No. 4-1925; L.L. No. 5-1974, was repealed by L.L. No.
2-1989.
[§ 219, L.L. No. 4-1925; L.L. No. 5-1974]
The Council may create in any department,
bureau, division, office, commission, court or board, from moneys
appropriated in the annual appropriation ordinance, an emergency fund
not exceeding the sum of $1,000, which sum may be expended in such
manner as the Council may prescribe. Reimbursement claim vouchers
must be presented to the Director of Finance for all moneys expended
from such funds and shall be audited in the same manner as other claim
vouchers. The Director of Finance shall cause an audit to be made
in each month of all emergency funds created.
[§ 224-a, L.L. No. 4-1925, as added by L.L. No. 3-1946; L.L.
No, 8-1977; repealed by L.L. No.
6-1979]
[§ 222, L.L. No. 4-1925; L.L. No. 5-1974; § 1 L.L. No. 11-2011]
The Director of Finance has the investment
and management of the Police and Fire Pension Funds and of all sinking
funds, and may, with the approval of the Council, invest the funds
thereof in bonds and notes of the City and other securities.
[§ 163, c. 755, L. 1907: c. 526,
L. 1921; L.L. No. 5-1974]
The Treasurer is the custodian of
the Police Pension Fund, Fire Pension Fund and Teachers' Retirement
Fund; and all pensions granted in pursuance of the provisions of this
act and payable from any of said funds must be paid out on a check
or draft signed by the Treasurer and countersigned by the Director
of Finance. The Treasurer must, upon due authorization, pay out at
any time any part or the whole of the Teachers' Retirement Fund to
the state or any agency thereof having the management of a state retirement
or pension fund for teachers, pursuant to any law now or hereafter
enacted, and any such payments must be paid out on a check or draft
signed by the Treasurer and countersigned by the Director of Finance.
[§ 233, L.L. No. 4-1925; repealed by § 1, L.L. No. 9-1984[1]]
[1]
Editor's Note: This local law was approved
at referendum 11-6-1984 and took effect 1-1-1986.
[§ 217, L.L. No. 4-1925; L.L. No. 5-1974]
The Director of Finance shall determine
actuarially the amounts necessary to retire at maturity all outstanding
term bonds other than local improvement bonds and shall report the
same to the Council. In each annual appropriation ordinance, the Council
shall appropriate the amounts or percentages heretofore required to
be paid into the several sinking funds and such additional amounts,
if any, necessary to provide funds sufficient to retire all term bonds
at maturity.
Bonds heretofore issued to provide
money for the local improvement fund, for which no sinking funds have
been established, may be refunded in whole or in part at maturity
if the local improvement fund contains insufficient moneys to pay
them. Any such issue of refunding bonds shall extend over a period
not exceeding 20 years and shall be of the serial type.
[§ 169, c. 755, L. 1907, added
by L.L. No. 3-1960; repealed by L.L. No. 6-1979]
[Added by § 2, L.L. No. 4-1967]
There is hereby established a Capital
Fund which shall be used to account for capital improvements financed
from capital authorizations transferred from the general and other
funds, proceeds or obligations and capital reserve funds. A capital
appropriation contained in the operating budget shall be transferred
to the Capital Fund and shall continue in force until the purposes
for which it was made shall have been accomplished or abandoned.
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2. Revenues and Enterprise
Funds
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[§ 224, L.L. No. 4-1925; L.L. No. 4-1942; L.L. No. 7-1942; L.L. No. 3-1946; L.L. No. 2-1950; L.L. No. 7-1950; L.L. No. 5-1974; L.L. No. 8-1977; § 1, L.L. No. 6-1979; § 1, L.L. No. 6-1985]
There is hereby established a Water
Enterprise Fund which shall receive the revenues of the Water Bureau
and shall apply those revenues as follows: first, to the payment of
principal and interest on bonds, notes and other indebtedness incurred
on account of the waterworks; second, to the maintenance, operation
and extension of the waterworks; third, to the payment to the City
of Rochester of an amount equivalent to taxes which said waterworks
would pay to the City if privately owned; fourth, to the payment to
the City of Rochester, as a fair return on the City's investment,
of an amount equivalent to 6% of the value of the property used and
useful for waterworks purposes, or as much thereof as may be earned;
and fifth, the balance, if any, shall be retained in the Water Enterprise
Fund and be subject to appropriations by the Council for waterworks
purposes.
Notwithstanding the foregoing, there
shall be a contingency reserve within the Water Enterprise Fund to
be used for emergency operations and maintenance and repair of the
waterworks in an amount not less than $100,000. The contingency reserve
shall be used only upon appropriation by Council. When such an appropriation
is made, the contingency reserve shall be replenished to the minimum
required balance through operating revenues after payment of waterworks
indebtedness and through general appropriations at the beginning of
the next fiscal year, if necessary.
The Director of Finance shall have
the authority to invest moneys of the Water Enterprise Fund and its
contingency reserve in such securities as may be authorized by local,
state or federal law.
[§ 225, L.L. No. 4-1925; L.L. No. 3-1942; L.L. No. 1-1956; § 3, L.L. No. 6-1979]
There is hereby established a Public
Market Enterprise Fund which shall receive the revenues from the operation
of the public market or markets, and which revenues shall be applied
as follows: first, to the payment of principal and interest on bonds,
notes and other public market indebtedness; and second, to the maintenance,
operation and extension of the public market or markets. Council shall
have the authority to appropriate additional funds as required for
the operation of the public market and repairs or improvements thereto
and may transfer to the general fund public market revenues in excess
of expenses after allowing a sufficient reserve to be retained in
the Public Market Enterprise Fund.
[§ 229, L.L. No. 4-1925, as added by L.L. No. 4-1938]
All revenues of utilities owned and/or
operated by the City shall, except as otherwise provided by law, be
applied to the maintenance, operation and development and extension
of the utility from which derived.
[§ 208, L.L. No. 4-1925 repealed and new § 208
added by L.L. No. 17-1956; § 6, L.L.
No. 6-1979[2]; § 2, L.L. No. 11-2011]
There is hereby established a Cemetery
Enterprise Fund which shall receive the revenues derived from the
operation of the Mount Hope and Riverside Cemeteries and from the
City operating budget as required, and such revenues shall be applied
as follows: first, to the payment of principal and interest on bonds,
notes and other indebtedness incurred on account of the cemeteries;
second, to the establishment within the Cemetery Enterprise Fund of
a reserve in the manner and for the purposes set forth below; and
third, to the maintenance and operation of the cemeteries. The Council
may from time to time appropriate funds to the Cemetery Enterprise
Fund to supplement operating revenues.
[L.L. No.
7-1977; § 7, L.L. No. 6-1979]
There is hereby established a Port
of Rochester Enterprise Fund which shall receive the revenues of the
Port of Rochester and shall apply those revenues as follows: first,
to the payment of interest and principal on bonds, notes and other
port indebtedness; second, to the maintenance, operation and extension
of the port; and third, to the retention within the Port of Rochester
Enterprise Fund of a reserve for extraordinary and nonrecurring expenses
and for building and facility construction and renovation.
