[Adopted 7-21-1986 by Ord. No. 5410]
There is hereby established a Capital Improvements Fund for the City of Parsons, Kansas, as authorized under the provisions of Chapter 67 of the 1985 Session Laws of Kansas.[1]
[1]
Editor's Note: See K.S.A. § 12-1,118.
Moneys in such Capital Improvements Fund may be used to finance, in whole or in part, any public improvement need set forth in the adopted capital improvement plan, including the repair, restoration and rehabilitation of existing public facilities. Disbursements may also be made for engineering and other advance public improvement plans, and studies and reimbursements may be made to the fund from bond proceeds, special assessments or state or federal aid available for the completed project.
Funds credited to this fund shall be budgeted annually in other funds and shall not be subject to the provisions of K.S.A. §§ 79-2925 to 79-2927, inclusive, and amendments thereto.
The governing body may, by resolution, transfer any funds not needed in this special fund to the general fund or to the fund from which it was derived, and such transfer and expenditure thereof shall be subject to the budget requirement provisions.