Barstow Municipal Code Ch. 3.24 Capital Outlay Fund and Special Revenue Funds

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State Law reference— Authority of city council by ordinance to provide for levy and collection of assessments or taxes for the creation and accumulation of a capital outlays fund, Government Code § 53730.5.

There is established among the funds and accounts of the city a special fund which shall be the capital outlay and special revenue funds as required.

(Code 1969, § 3.24.010; Ord. No. 316, § 1(part), 1970)

The proceeds of all special taxes levied for municipal improvements shall be deposited into a special revenue fund restricted to the purpose as designated by the special tax, together with such other funds as the city council may direct from time to time.

(Code 1969, § 3.24.020; Ord. No. 316, § 1(part), 1970; Ord. No. 643, § 1, 1990)

All interest earned through the deposit of the capital outlay fund shall accrue to the fund and shall become a part thereof.

(Code 1969, § 3.24.030; Ord. No. 316, § 1(part), 1970)