Santa Ana Municipal Code § 13-92 Relation to other funds

Footnotes:

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Editor's note— Ord. No. NS-1581, enacted April 20, 1981, amended Ch. 13 by adding thereto provisions designated Art. IX, §§ 13-80—13-85, which provisions were redesignated by the editors as Art. X, §§ 13-90—13-95, inasmuch as Ch. 13 already contained an Art. IX.

There is hereby created and established the excess proceeds of taxes reserve fund. Such fund is established pursuant to Section 5 of Article 13B of the Constitution of the State of California for the purpose of providing for the separate accounting of proceeds of taxes received in a fiscal year prior to the fiscal year in which they are expended, and thereby to distinguish between proceeds of taxes which are subject to the appropriations limit of the city applying to the fiscal year in which they are expended and proceeds of taxes which are not subject to the appropriations limit of the city in the fiscal year in which they are expended.

(Ord. No. NS-1581, 4-20-81)

In each fiscal year, the amount, if any, by which those revenues which constitute proceeds of taxes exceed expenditures thereof, as of the close of the last day of such fiscal year, is appropriated to the excess proceeds of taxes reserve fund, and shall constitute an appropriation subject to limitation in such fiscal year.

(Ord. No. NS-1581, 4-20-81)

Any moneys which have been contributed to any contingency, emergency, unemployment, reserve, retirement, sinking, trust, or similar fund during the course of a fiscal year and which are appropriated to the excess proceeds of taxes reserve fund by operation of section 13-91, shall remain in such other fund and subject to the limitations placed upon expenditures therefrom as well as being within the excess proceeds of taxes reserve fund for purposes of this article.

(Ord. No. NS-1581, 4-20-81)

Moneys in the excess proceeds of taxes reserve fund may be expended or authorized for expenditure in the same manner as moneys not in such fund. Such expenditures or authorizations to expend from such fund shall not constitute appropriations subject to limitation.

(Ord. No. NS-1581, 4-20-81)

The director of finance is authorized and directed to establish accounting procedures which distinguish between expenditures of, or authorizations to expend, moneys in the excess proceeds of taxes reserve fund and expenditures of, or authorizations to expend, moneys not in such fund.

(Ord. No. NS-1582, 4-20-81)

As used herein, the terms "proceeds of taxes," "appropriations limit," and "appropriations subject to limitation" shall have the same meaning as they have in Article 13B of the California Constitution.

(Ord. No. NS-1581, 4-20-81)