Chapter 3.110
ACCOUNTS AND TRANSFERS
Sections:
3.110.010 Purpose.
In enacting this chapter, it is the intent to achieve greater transparency and accountability of local government finances by authorizing and segregating certain accounts. [Ord. G-2015-14, passed 5-13-15.]
3.110.020 Accounts.
(A) All pension funds and income from the public safety component of the local income tax shall be segregated in a separate account from the operating account.
(B) The Controller’s office of the City of Evansville, Indiana, may invest proceeds from these funds and shall account for them in accordance with State law.
(C) Nothing in this chapter shall be interpreted in a manner that conflicts with existing and future resolutions, ordinances or other governing instruments relating to debt obligations of the City of Evansville, Indiana, and its agencies. [Ord. G-2018-13, passed 5-21-18; Ord. G-2016-16, passed 4-12-16; Ord. G-2015-14, passed 5-13-15.]
3.110.030 Transfers.
(A) The City may transfer appropriations from one major budget classification or fund to another major budget classification or fund if:
(1) The City determines that the transfer is necessary;
(2) The transfer does not require the expenditure of more money than the total amount set out in the budget as finally determined under IC 6-1.1; and
(3) The Mayor, City Controller, or the Mayor’s designated representative provides notice to the City Council within 20 days of when the transfer is made.
(B) Routine transfers between accounts for employee payroll, payroll taxes, payroll withholdings, employee benefits, and investments are excluded from the notice requirement of this section unless expressly requested by City Council.
(C) Transfer of funds to and from the rainy day fund shall be made in compliance with State law, including IC 36-1-8 et seq. [Ord. G-2016-16, passed 4-12-16.]