Chapter 3.24
FUNDS
Sections:
3.24.010 Special gas tax street improvement fund.
3.24.030 Worker’s compensation reserve fund.
3.24.010 Special gas tax street improvement fund.
A. To comply with the provisions of Article 5, Chapter 1, of Division 1, of the Streets and Highways Code, with particular reference to the amendments made thereto by Chapter 642, Statutes of 1935, there is created in the city treasury a special fund to be known as the special gas tax street improvement fund.
B. All moneys received by the city from the state under the provisions of the Streets and Highways Code for the acquisition of real property or interests therein or for the construction, maintenance, or improvement of streets or highways other than state highways shall be paid into said fund.
C. All moneys in said fund shall be expended exclusively for the purposes authorized by, and subject to all of the provisions of Article 5, Chapter 1, Division 1 of the Streets and Highways Code. (Ord. 10 §§ 1 – 3, 1949)
3.24.020 Capital outlay fund.
A. Pursuant to Chapter 4, Division 2, Title 5 of the Government Code there is created a fund for capital outlays, said fund to be used for street purposes unless subsequently provided otherwise by ordinance of the city council.
B. The city council at the time of the approval of the annual budget may levy, provide for, assess and collect taxes for deposit in said capital outlay fund. (Ord. 163 §§ 1, 2, 1961)
3.24.030 Worker’s compensation reserve fund.
The city manager and city treasurer shall establish a reserve fund for purposes of paying future worker’s compensation claims and shall, hereafter, make such annual deposits into that fund as the city is advised are actually necessary to provide a suitable reserve. (Ord. 504, 1981)