Chapter 33 FINANCE

Any person who is indebted to the city for any reason, purpose or cause shall not draw any money from the city because of its indebtedness to such person, until the person has fully paid the amount due and owed to the city.

(’73 Code, § 9-1) (Ord. 466, passed - - )

33.02 ADVANCE PAYMENT OF INVOICES OR BILLS.

(A) The City of Rensselaer Clerk-Treasurer may make claim payments in advance of Common Council approval for expenses incurred by or on behalf of the City of Rensselaer for the following lawful city purposes:

(1) Property or services purchased or leased from the United States government, its agencies, or its political subdivisions.

(2) License or permit fees.

(3) Insurance premiums.

(4) Utility payments or utility connection charges.

(5) General grant programs where advance funding is not prohibited and the contracting party posts sufficient security to cover the amount advanced.

(6) Grants of state funds authorized by statute.

(7) Maintenance or service agreements.

(8) Lease or rental agreements.

(9) Bond and coupon payments.

(10) Payroll.

(11) State, federal or county taxes.

(12) Expenses that must be paid because of emergency circumstances.

(13) A product or service for which the city legislative body had accepted a bid.

(14) Reimbursement of travel expenses.

(15) Payment of the city credit card bill.

(B) Each payment of expense must be supported by a fully itemized invoice or bill and must be certified by the Clerk-Treasurer. The Common Council of the City of Rensselaer shall review and approve said claim at its next regularly scheduled meeting following the pre-approved payment of the expense by the Clerk-Treasurer.

(Ord. 4-01, passed 6-25-01; Am. Ord. 16-2017, passed 9-25-2017)

33.03 USE OF CREDIT CARDS; FEES.

(A) The payment for city charges may hereinafter be made by credit or debit cards or electronic checks. Approved credit and debit cards shall be Visa, Discover and MasterCard. American Express will no longer be accepted.

(B) The City of Rensselaer utilities will absorb the cost of accepting credit or debit card payments and e-checks except for nonsufficient fund fees. Those fees will be assessed to the customer.

(C) The maximum charge per month per account of credit or debit cards or electronic check shall not exceed the sum of $5,000.

(D) The Mayor for the City of Rensselaer is hereby authorized to execute any and all agreements or contacts with any entity necessary to establish or maintain credit and debit cards and e-checks.

(Ord. 20-2016, passed 9-12-16)

33.04 NSF CHECK FEE.

(A) The City of Rensselaer will charge and collect from the maker or drawer a fee equal to $27.50 plus an amount equal to the actual charge by the depository institution for each returned or dishonored check or instrument.

(B) If the City of Rensselaer receives two returned or dishonored checks or instruments from the same customer, or on the same customer’s account, within a six-month time frame, the City of Rensselaer will no longer honor checks from that customer or on any of that customer’s accounts for a period of one year. The city reserves the right under this section to accept a cashier’s check, certified check, money order, or other instrument where there is clear evidence that the funds are guaranteed, at the city’s sole discretion.

(Ord. 15-2015, passed 12-14-2015)

33.05 ELECTRONIC FUNDS TRANSFER.

(A) Electronic fund transfers. The City of Rensselaer is hereby authorized to use electronic fund transfers for official business of the City of Rensselaer.

(B) Authority of Clerk-Treasurer. The Clerk-Treasurer is hereby authorized and responsible for:

(1) Selecting the financial institution(s) to be used by the City of Rensselaer, Indiana, for electronic fund transfers;

(2) Executing the application and agreement with the selected financial institution(s) for the City of Rensselaer, Indiana;

(3) Overseeing the use of electronic fund transfers for official city business of the City of Rensselaer, Indiana;

(4) Maintaining the agreement and the relationship between the City of Rensselaer, Indiana, and the financial institution(s);

(5) Establishing appropriate security procedures for passwords, codes, controls, and other authorizations to protect and preserve the funds and assets of the City of Rensselaer, Indiana;

(6) Reviewing all transactions and confirmation in connection with the use of electronic fund transfers for proper authorization, documentation, itemization, and purpose.

(1) There is a fully itemized invoice or bill for each expense;

(2) Each invoice or bill is approved by the city employee or representative receiving the goods or services;

(3) The invoice or bill is filed with the Clerk-Treasurer;

(4) The Clerk-Treasurer audits and certifies before payment that the invoice or bill is true and correct; and

(5) Payment of the invoice or bill is allowed by the Rensselaer Common Council on the accounts payable register.

All electronic fund transfers must be for official business of the City of Rensselaer, Indiana, and shall not be personal in nature.

(D) Electronic fund transfers. Electronic fund transfers shall include automated clearinghouse payments (ACH), wire transfers, direct deposit, online banking transactions, telephone transfers, and other electronically authorized or implemented transfers or payments.

(Ord. 14-2022, passed 8-8-2022)

33.06 ADVANCE PAYMENTS FOR GOODS OR SERVICES.

(A) Advance payments for goods or services before the goods are delivered or services are completed are hereby authorized.

(B) Advance payments for goods and services may not exceed the lesser of the following:

(1) Fifty percent of the entire cost of the contract;

(2) Two million dollars.

(1) Track prepayments by defining the prepayment on a purchase order;

(2) Create a prepayment invoice that is associated with the purchase order;

(3) Require insurance or a surety bond in the amount of the prepayment if the amount of the prepayment is more than $150,000.

(Ord. 19-2023, passed 9-25-2023)

CUMULATIVE CAPITAL DEVELOPMENT FUND

33.10 FUND ESTABLISHED.

There is hereby re-established a City Cumulative Capital Development Fund.

(Ord. 9-95, passed 5-22-95)

33.11 AD VALOREM TAX.

(A) An ad valorem property tax levy will be imposed and the revenues from the levy will be retained in the Cumulative Capital Development Fund.

(B) The maximum rate of levy under division (A) will not exceed $0.15 per $100 assessed valuation.

(Ord. 9-95, passed 5-22-95)

Statutory reference:

Authority, see I.C. 36-9-16-6

33.12 FUND REESTABLISHED FOR 1996, 1997, 1998.

The Cumulative Capital Development Fund is hereby specifically re-established for the years 1996, 1997, and 1998.

(Ord. 9-95, passed 5-22-95)

33.13 USE OF FUNDS.

The funds accumulated in the Capital Development Fund will be used for Cumulative Capital Improvements per I.C. 36-9-16-3.

(Ord. 9-95, passed 5-22-95)

33.14 OTHER USES.

Notwithstanding § 33.13, funds accumulated in the Cumulative Capital Development Fund may be spent for purposes other than the purposes stated in § 33.13, if the purpose is to protect the public health, welfare, or safety in an emergency situation which demands immediate action. Money may be spent under the authority of this section only after the Mayor issues a declaration that the public health, welfare or safety is in immediate danger that requires the expenditure of money in the Fund.

(Ord. 9-95, passed 5-22-95)

33.15 WHEN FUND TAKES EFFECT.

This Fund takes effect upon approval of the State Board of Tax Commissioners.

(Ord. 9-95, passed 5-22-95)

COMMUNITY ALLIANCE FUND

33.30 FUND ESTABLISHED.

The City of Rensselaer Community Alliance Fund shall hereby be established. The Community Alliance Fund shall receive donations which shall be spent towards crime prevention and crime promotional items, including but not limited to the following: shirts/t-shirts, key chains, pens and pencils, signs, fingerprints kits and photography items, as well as all other general business purposes for which normal community alliance funds are established.

(Ord. 12-02, passed 6-24-02)

BUILDING DEPARTMENT PETTY CASH FUND

33.35 FUND ESTABLISHED.

A petty cash fund shall hereby be established for the city Building Department for the purpose of paying small or emergency items of operating expenses. Said petty cash fund shall have a beginning balance of $50.

(Res. 5-04. passed 5-10-04)

Statutory reference:

Authority for fund, see I.C. 36-1-8-3

COMMUNITY DISABILITY COMMISSION FUND

33.40 FUND ESTABLISHED.

A fund shall be established for the receipt and disbursement of donated funds entitled Community Disability Commission Fund. This fund must be used only for expenses incurred by the Commission.

(Ord. 21-03, passed 10-27-03)

SIDEWALK MAINTENANCE AND CONSTRUCTION FUND

33.45 FUND ESTABLISHED.

The fund “Sidewalk Maintenance and Construction Fund” shall continue, as established on July 12, 2004, for sidewalk maintenance and construction for the City of Rensselaer. Said fund shall be classified as a Special Revenue Fund. The Sidewalk Maintenance and Construction Fund shall be a nonreverting fund and shall endure perpetually until terminated by the terms of any subsequent ordinance.

(Ord. 11-2022, passed 6-27-2022)

33.46 APPROPRIATIONS FOR FUND.

Said fund shall be funded with 33 1/3% of the monthly revenue collected pursuant to the existing lease with RSA No. 1 Limited Partnership d/b/a Verizon Wireless (“Verizon Lease”) and any future leases arising from the terms of said Verizon lease.

(Ord. 11-2022, passed 6-27-2022)

33.47 USE OF FUND.

This fund must be used only for sidewalk and curb maintenance and repair, as said repairs are determined necessary by the Sidewalk Maintenance and Construction Committee.

(Ord. 11-2022, passed 6-27-2022)

PUBLIC RELATIONS FUND

33.50 FUND ESTABLISHED.

The fund “Public Relations Fund” shall continue, as established on July 12, 2004, for public relations for the City of Rensselaer. Said fund shall be classified as a Special Revenue Fund. The Public Relations Fund shall be a nonreverting fund and shall endure perpetually until terminated by the terms of any subsequent ordinance.

(Ord. 25-2022, passed 12-12-2022)

33.51 APPROPRIATIONS FOR FUND.

(A) Said fund shall be funded with 33 1/3% of the monthly revenue collected pursuant to the existing lease with RSA No. 1 Limited Partnership d/b/a Verizon Wireless (“Verizon Lease”) and any future leases arising from the terms of said Verizon lease.

(B) The City of Rensselaer entered into a lease agreement with Greyhound Lines, Inc., whereas the City of Rensselaer provides a designated bus stop. The monthly lease revenue will be deposited in its entirety into the Public Relations Fund.

(Ord. 25-2022, passed 12-12-2022)

33.52 USE OF FUND.

This fund must be used only for promoting positive relationships, to improve public relations and to promote the City of Rensselaer to its citizens, community, businesses and prospective businesses. Such expenses may include, but not necessarily be limited to, rental of meeting places, meals, decorations, memorabilia, awards, expenses incurred in promoting industrial, commercial, and residential development, expenses incurred in developing relations with other units of government and any other expenses of a civic or governmental nature deemed by the Mayor or the City Council to be in the interest of the city.

(Ord. 25-2022, passed 12-12-2022)

PROJECT CHILD SAFETY SEAT FUND

33.60 FUND ESTABLISHED.

The Project Child Safety Seat Fund shall hereby be established. The Project Child Safety Seat Fund shall receive a mini-grant from the Automotive Safety Program, for the purchase of child safety seats and related supplies including all paperwork required to maintain the distribution site, educational brochures on child passenger safety and up-to-date resources and consultation.

(Ord. 24-07, passed 9-24-07)

33.61 VOLUNTEER STIPEND.

Provided grant funding is available, volunteer personnel are eligible to receive a $10 stipend for each car seat fitting appointment.

(Ord. 24-07, passed 9-24-07)

PUBLIC SAFETY LOIT FUND

33.65 FUND ESTABLISHED.

The Jasper County Council adopted a new Local Option Income Tax (LOIT), which took effect on October 1, 2007. The Local Option Income Tax has a portion of its collection and distribution deposited in a separate fund to be used to fund public safety. Semi-annual distributions from LOIT specifically identified for public safety received from the Jasper County Auditor are deposited into the fund entitled the “Public Safety LOIT Fund” of the city.

(Ord. 21-2008, passed 7-28-08)

33.66 USE OF FUND.

The Public Safety LOIT Fund will be used for expenses for public safety by public safety agencies as described within Ordinance 21-2008 and state law.

(Ord. 21-2008, passed 7-28-08)

FUTURE DEVELOPMENT FUND

33.70 FUND ESTABLISHED; DURATION.

(A) The fund “Future Development Fund” shall continue, as established on January 25, 2010, for future development of the City of Rensselaer. Said fund shall be classified as a Special Revenue Fund. The Future Development Fund shall be a nonreverting fund and shall endure perpetually until terminated by the terms of any subsequent ordinance.

(B) Said fund shall be funded with 33 1/3% of the monthly revenue collected pursuant to the existing lease with RSA No. 1 Limited Partnership d/b/a Verizon Wireless (“Verizon Lease”) and any future leases arising from the terms of said Verizon lease.

(Ord. 12-2022, passed 6-27-22)

33.71 EXPENDITURES.

This fund must be used only for the following purposes:

(A) Legal fees, engineering fees, consulting fees, other necessary professional fees, notices, advertising and publication fees, and other fees associated with the future expansion and development of the city, city projects, other governmental purposes, its utilities and other services including, but not limited to, annexation;

(B) Payment for professional services, salaries, material and equipment necessary to prepare fiscal plans and other reports and studies required to proceed with annexation of areas contiguous to the City of Rensselaer, including extraordinary expenses incurred by any city department in the development of written fiscal plans for annexation; and

(C) Payment for professional services, material and equipment necessary to obtain federal and non-federal grant funding that may be used for the benefit of the city or industries which are affected by development, expansion or annexation or other city projects;

(D) Where necessary, Council may transfer funds within the Future Development Fund to other funds for the intended purpose of this fund after a proper motion and vote is held by the Council.

Should this fund be terminated in the future, any balance not transferred pursuant to a subsequent ordinance shall be deposited into the General Fund of the city. In the alternative, Council may transfer funds to the General Fund to help fund other city accounts.

(Ord. 12-2022, passed 6-27-22)

SAFE KIDS GRANT FUND

33.80 FUND ESTABLISHED; DURATION.

(A) There is hereby created a fund to be known as the Safe Kids Grant Fund. Said fund shall be classified as a Special Revenue Fund bearing Fund #265.

(B) The fund shall be funded entirely by grant funds.

(C) The Safe Kids Grant Fund shall be a non reverting fund and shall endure perpetually until terminated by the terms of any subsequent ordinance.

(Ord. 20-2010, passed 11-8-10)

33.81 EXPENDITURES.

Expenditures may be made from the Safe Kids Grant Fund for bicycle safety helmets, child identification kits, child safety seats, Halloween fluorescent bags and any other child safety related item.

(Ord. 20-2010, passed 11-8-10)

POLICE DEPARTMENT DRUG/UNCLAIMED MONEY FUND

33.90 FOUND MONEY.

Rensselaer police officers shall log into evidence per the Department’s standard operating procedure any money found by officers or turned in to any Department personnel by citizens other than Rensselaer police officers. Such found money shall be held in the Department’s safe for a period of 60 days from the date of the receipt of the found money or until the found money is claimed by the true owner, whichever is earlier. Upon the expiration of 60 days and if the found money is not claimed by its true owner, the found money shall be given to the citizen, if any, who turned the money over to the Police Department. Money that is found by Rensselaer Police Department officer or that is not returned to the citizen finder upon the expiration of the 60-day period shall be turned over to the City of Rensselaer Clerk-Treasurer for deposit into the Police Drug/Unclaimed Money Fund.

(Ord. 05-2016, passed 4-25-16)

33.91 UNCLAIMED MONEY.

Money confiscated by the Rensselaer Police Department while investigating cases, including but not limited to drug abuse violations, drug dealing violations, etc., is held as evidence, according to Department’s standard operating procedure, until the corresponding case has been completed in the judicial system. It is the responsibility of the prosecutor to file seizure documents with the appropriate court to permanently obtain the money for drug investigation purposes or for whatever other purpose the judge deems necessary. In the event that the prosecutor does not file the necessary papers with the court, it is the responsibility of the Rensselaer Police Department to return the money to the true owner, if known. Upon the completion of the corresponding court case within the judicial system, and if the prosecutor has not filed the necessary seizure documents with the court to permanently obtain the money for drug investigative or other purposes, the money shall be held in the Department’s money safe for a period of 60 days, during which the Rensselaer Police Department shall attempt to ascertain and return the money to its true owner. Upon the expiration of the 60 days and if the money is not returned to its true owner, the money shall be turned over to the City of Rensselaer Clerk-Treasurer for deposit into the Police Drug/Unclaimed Money Fund.

(Ord. 05-2016, passed 4-25-16)

33.92 MONEY CURRENTLY HELD BY POLICE DEPARTMENT.

Found and unclaimed money held by the Rensselaer Police Department at the time that the ordinance codified in this subchapter has passed, and which has been held for more than 60 days without being returned to its true owner or citizen finder shall be turned over to the City of Rensselaer Clerk-Treasurer for deposit into the Police Drug/Unclaimed Money Fund.

(Ord. 05-2016, passed 4-25-16)

33.93 EXPENDITURES.

Expenditures may be made from said Rensselaer Police Drug/Unclaimed Money Fund for permissible uses including investigations (buy money including to purchase evidence):

(A) Training. Officers, investigators, prosecutors and support personnel in any area of law enforcement duties. Priority should be given to asset forfeiture, fourth amendment, ethics, due process use of computers/equipment in support of law enforcement duties.

(B) Equipment. Costs associated with purchase of office supplies, telecommunications equipment, safes, fitness equipment, computers and computer software, body armor, uniforms, firearms, radios, cellular phones and electronic surveillance equipment.

(C) Travel and transportation. Costs associated with travel and transportation to perform or in support of law enforcement duties and activity. Not over the Indiana per diem as to create a look of impropriety.

(D) Drug and gang education and awareness programs. Programs by law enforcement on education or awareness including meeting costs, anti-drug abuse literature costs, travel expenses and salaries for officers working drug educational programs.

(Ord. 05-2016, passed 4-25-16)

33.94 EQUITABLE SHARING FUNDS.

The City of Rensselaer shall keep all federal equitable sharing funds separate from local lost/found funding or local confiscated revenue. A sub fund for federal equitable sharing funds shall be kept by the Clerk-Treasurer’s office. This fund is subject to annual audit by Department of Justice, Equitable Sharing Program. This fund shall remain until terminated by the terms of any subsequent ordinance.

(Ord. 05-2016, passed 4-25-16)

LOIT SPECIAL DISTRIBUTION FUND

33.100 SPECIAL DISTRIBUTION.

The State Budget Agency will make a one-time special distribution to each county having a positive balance in the county’s trust account as of December 31, 2014. Before June 1, 2016, the county auditor shall distribute to each taxing unit an amount equal to the taxing unit’s allocation amount.

(Ord. 12-2016, passed 5-23-16)

33.101 ESTABLISHMENT OF FUND.

The State Board of Accounts has designated Fund No. 257 to be titled LOIT Special Distribution Fund to receipt and account for the restricted portion of the distribution. Therefore, by this subchapter, Fund No. 257, LOIT Special Distribution Fund is created and must be appropriated for use. The unrestricted portion may be deposited into the General Fund, into a properly created home rule fund, or into the Rainy Day Fund if properly designated as a source.

(Ord. 12-2016, passed 5-23-16)

33.102 RESTRICTED EXPENDITURES.

Expenditures may be made from restricted funds for:

(A) Engineering, land acquisition, construction, resurfacing, maintenance, restoration, or rehabilitation of both local and arterial road and street systems;

(B) Any local costs required to undertake a recreational or reservoir road project under I.C. 8-23-5;

(D) The purchase, rental, or repair of highway equipment;

(E) Providing a grant match from the local road and bridge matching grant fund under I.C. 8-23-30; or

(F) Capital projects for aviation related property or facilities, including capital projects of a board of aviation commissioners established under I.C. 8-22-2 or an airport authority established under I.C. 8-22-3-1.

(Ord. 12-2016, passed 5-23-16)

33.103 UNRESTRICTED EXPENDITURES.

Expenditures may be made from unrestricted funds for any legal purpose.

(Ord. 12-2016, passed 5-23-16)

LOCAL ROAD AND BRIDGE MATCHING GRANT FUND

33.110 FUND ESTABLISHED.

(A) Creation of the Local Road and Bridge Matching Grant Fund. A new nonreverting fund to be known as the Local Road and Bridge Matching Grant Fund (“Fund”), and which is to be given number 258, is now established. The Fund shall receive monies from the Local Road and Bridge Matching Grant Fund through INDOT as well as local match funds transferred from the LOIT Special Distribution Fund and Rainy Day Fund.

(Ord. 24-2016, passed 12-12-16)

FIRE DEPARTMENT EQUIPMENT GRANT FUND

33.120 FUND ESTABLISHED.

A new nonreverting fund to be known as the Fire Department Equipment Grant Fund (“fund”), and which is to be given Fund No. 269, is now established. The fund shall receive monies from the Department of Homeland Security as well as local matching funds.

(Ord. 02-2017, passed 1-23-2017)

33.121 USE OF FUNDS.

The funds are to be used for equipment (air packs) for the Fire Department.

(Ord. 02-2017, passed 1-23-2017)

POLICE DEPARTMENT EQUIPMENT GRANT FUND

33.130 FUND ESTABLISHED.

A new nonreverting fund to be known as the Police Department Equipment Grant Fund (“fund”), and which is to be given Fund No. 268, is now established. The fund shall receive monies from local, state and federal grants as well as local matching funds.

(Ord. 12-2017, passed 7-24-2017)

33.131 USE OF FUNDS.

The funds are to be used for equipment authorized by the grants for the Police Department.

(Ord. 12-2017, passed 7-24-2017)

DONATION FUND

33.140 FUND ESTABLISHED.

A fund shall be established for donations for the City of Rensselaer and shall be entitled “Donation Fund.”

(Ord. 04-2019, passed 2-11-2019)

33.141 USE OF FUNDS.

All funds accepted as donations by the City of Rensselaer shall be earmarked for the specific purpose collected by the city and will be receipted into a revenue account for the purpose specified by the donation.

(Ord. 04-2019, passed 2-11-2019)

33.142 OTHER USES.

All funds accepted as donations by the City of Rensselaer shall be disbursed only for the purpose specified when collected by the City of Rensselaer.

(Ord. 04-2019, passed 2-11-2019)

FIRE DONATION FUND

33.150 FUND ESTABLISHED.

A fund shall be established for donations for the City of Rensselaer Fire Department and the fund shall be entitled “Fire Donation Fund,” Fund No. 297.

(Ord. 11-2019, passed 11-25-2019)

33.151 USE OF FUNDS.

All funds accepted as donations by the Rensselaer Fire Department shall be collected for the specific purpose of supporting the Rensselaer Fire Department by the city and will be receipted into a revenue account of the Fire Donation Fund.

(Ord. 11-2019, passed 11-25-2019)

33.152 OTHER USES.

All funds accepted as donations by the City of Rensselaer shall be disbursed only for the specific purpose of benefiting the Fire Department by paying expenses incurred by the Fire Department or to purchase equipment used by the Fire Department.

(Ord. 11-2019, passed 11-25-2019)

FIRE BILLING SERVICE FUND

33.160 FUND ESTABLISHED.

A fund shall be established for billing service collections for the City of Rensselaer Fire Department and the fund shall be entitled “Fire Billing Service Fund,” Fund No. 298.

(Ord. 01-2020, passed 1-13-2020)

33.161 USE OF FUNDS.

All collections by the Rensselaer Fire Department shall be collected for the specific purpose of supporting the Rensselaer Fire Department by the city and will be receipted into a revenue account of the Fire Billing Service Fund.

(Ord. 01-2020, passed 1-13-2020)

33.162 OTHER USES.

All funds collected by the City of Rensselaer Volunteer Fire Department shall be disbursed only for the specific purpose of benefiting the Fire Department by paying for supplies or to purchase equipment used by the Fire Department.

(Ord. 01-2020, passed 1-13-2020)

ARP CORONAVIRUS LOCAL FISCAL RECOVERY FUND

33.170 FUND ESTABLISHED.

There is hereby established a fund to be known as Fund No. 176, the ARP Coronavirus Local Fiscal Recovery Fund.

(Ord. 08-2021, passed 5-10-2021)

33.171 SOURCE OF FUNDS.

The source of funding includes monies allocated to the city from the American Rescue Plan Act of 2021 and distributed to the city in 2021 and 2022.

(Ord. 08-2021, passed 5-10-2021)

33.172 USE OF FUNDS.

The city shall only appropriate and use the funds to cover costs incurred by the city by December 31, 2024, for the following:

(A) To respond to the public health emergency with respect to the Coronavirus disease 2019 (COVID-19) or its negative economic impacts, including assistance to households, small businesses, and nonprofits, or aid to impacted industries such as tourism, travel, and hospitality;

(B) To respond to workers performing essential work during the COVID-19 public health emergency by providing premium pay to eligible workers of the city that are performing such essential work, or by providing grants to eligible employers that have eligible workers who perform essential work;

(C) For the provision of government services to the extent of the reduction in revenues collected in the most recent full fiscal year of the city prior to the emergency, that being 2019; or

(D) To make necessary investments in water, sewer, or broadband infrastructure.

The Common Council shall adopt a plan which provides details for the use of funds.

(Ord. 08-2021, passed 5-10-21)

33.173 ADDITIONAL GUIDANCE.

These sections may be amended from time to time if additional guidance is received from any federal or state agency.

(Ord. 08-2021, passed 5-10-21)

33.174 FUNDS NOT TO BE TRANSFERRED.

The ARP Coronavirus Local Fiscal Recovery Fund shall exist until terminated by ordinance of the Common Council. Moneys from this fund may not be transferred to another fund of the city.

(Ord. 08-2021, passed 5-10-2021)

FIRE TRUCK ESCROW FUND

33.180 FUND ESTABLISHED.

A fund shall be established for fire truck escrow payments for the City of Rensselaer Fire Department and the fund shall be entitled the “Fire Dept. Truck Escrow Fund,” Fund No. 4410.

(Ord. 23-2022, passed 12-12-2022)

33.181 SOURCE OF FUNDS.

The Fire Truck Escrow Fund is financed through a loan from U.S. Bank. The City of Rensselaer will make semi-annual payments per loan schedule.

U.S. Bank will collect payments from the City of Rensselaer semi-annually to satisfy the loan for the aerial fire truck loan.

(Ord. 23-2022, passed 12-12-2022)

GAS UTILITY TRUCK ESCROW FUND

33.190 FUND ESTABLISHED.

A fund shall be established for gas utility truck escrow payments for the City of Rensselaer Gas Department and the fund shall be entitled “Gas Utility Truck Escrow Fund,” Fund No. 6420.

(Ord. 24-2022, passed 12-12-2022)

33.191 SOURCE OF FUNDS.

The Gas Utility Truck Escrow Fund is financed through a loan from U.S. Bank. The City of Rensselaer will make semi-annual payments per loan schedule.

U.S. Bank will collect payments from the City of Rensselaer semi-annually to satisfy the loan for the gas utility truck loan.

(Ord. 24-2022, passed 12-12-2022)

OPIOID SETTLEMENT FUND – RESTRICTED

33.200 FUND ESTABLISHED.

There is hereby established a special fund known as “Opioid Settlement Fund – Restricted” (Fund 2257).

(Ord. 04-2023, passed 1-23-2023)

33.201 CONTRIBUTIONS.

Contributions to the fund shall be the restricted portion of the Opioid Settlement Funds received from the state of Indiana by the city as a participating political subdivision from a national settlement with Johnson & Johnson, AmerisourceBergen, Cardinal Health and McKesson.

(Ord. 04-2023, passed 1-23-2023)

33.202 USE OF FUNDS.

Expenditures may be made from the fund by appropriation for any purpose approved by the City of Rensselaer Common Council from the list attached as Exhibit A to the ordinance codified in this subchapter.

(Ord. 04-2023, passed 1-23-2023)

33.203 TERMINATION.

This fund shall be a perpetual fund until terminated by future ordinance, and any funds remaining at time of termination shall be returned to the General Fund of the City of Rensselaer.

(Ord. 04-2023, passed 1-23-2023)

OPIOID SETTLEMENT FUND – UNRESTRICTED

33.210 FUND ESTABLISHED.

There is hereby established a special fund known as “Opioid Settlement Fund – Unrestricted” (Fund 2256).

(Ord. 05-2023, passed 1-23-2023)

33.211 CONTRIBUTIONS.

Contributions to the fund shall be the unrestricted portion of the Opioid Settlement Funds received from the state of Indiana by the city as a participating political subdivision from a national settlement with Johnson & Johnson, AmerisourceBergen, Cardinal Health and McKesson. (Ord. 05-2023, passed 1-23-2023)

33.212 USE OF FUNDS.

Expenditures may be made from the fund by appropriation for any purpose approved by the City of Rensselaer Common Council.

(Ord. 05-2023, passed 1-23-2023)

33.213 TERMINATION.

This fund shall be a perpetual fund until terminated by future ordinance, and any funds remaining at time of termination shall be returned to the General Fund of the City of Rensselaer.

(Ord. 05-2023, passed 1-23-2023)

COMMUNITY DEVELOPMENT BLOCK GRANT FUND

33.220 FUND ESTABLISHED.

A new, nonreverting fund to be known as the “Community Development Block Grant Fund” (“fund”), and which is to be given number 2402, is now established. The fund shall receive and disburse monies from local, state and federal grants as well as local matching funds.

(Ord. 17-2023, passed 7-24-2023)

33.221 USE OF FUNDS.

The funds are to be used for expenses authorized in the grant agreement.

(Ord. 17-2023, passed 7-24-2023)

33.222 DURATION AND EFFECTIVE DATE.

The provisions set forth in this subchapter become and will remain in force and effect (until their repeal by ordinance) on day of passage and adoption of this subchapter in accordance with Indiana law.

(Ord. 17-2023, passed 7-24-2023)

SANITATION DEPARTMENT DEPRECIATION FUND

33.230 FUND ESTABLISHED.

The Council hereby establishes the “Sanitation Department Depreciation Fund,” Fund Number 6603 ( the “Sanitation Depreciation Fund”), to be designated as a depreciation fund.

(Ord. 10-2024, passed 4-22-2024)

33.231 PURPOSE.

The fund shall serve as a depreciation fund which supports the purchase of the Rensselaer Sanitation Department capital equipment. Excess revenues from trash collection services, environmental fees, miscellaneous trash and recycling receipts may be transferred from the local operating and maintenance fund into this fund. Receipts from the sale of capital assets shall be deposited into the Sanitation Depreciation Fund. All disbursements related to the purchase of capital equipment for the Sanitation Department shall be made from this fund.

(Ord. 10-2024, passed 4-22-2024)

33.232 ADMINISTRATION OF THE FUND.

The Clerk-Treasurer shall keep records and monitor activities of all receipts into the Sanitation Depreciation Fund. Disbursements may be made from the Sanitation Fund without the necessity of appropriation by the Council upon a valid claim being presented to the Clerk-Treasurer.

(Ord. 10-2024, passed 4-22-2024)

REDEVELOPMENT OPERATING FUND

33.240 FUND ESTABLISHED.

The Council hereby establishes the “Redevelopment Operating Fund,” Fund Number 2263 (the “fund”), to be designated as a special revenue fund. The fund shall be a nonreverting fund and exist perpetually unless terminated by a subsequent ordinance adopted by the Council.

(Ord. 12-2024, passed 6-10-2024)

33.241 REVENUE SOURCES.

Deposits into the fund shall be received from Commission revenues from sources other than TIF revenues. The revenue sources include donations, grants, appropriations from the city, or from any other lawful source.

(Ord. 12-2024, passed 6-10-2024)

33.242 AUTHORIZATION OF EXPENDITURES.

The Commission or Council shall have authority to approve all expenditures from the fund. The fund shall be expended only for the exclusive purpose of paying expenses related to the operation of the Commission or expenses related to the economic development of the city.

(Ord. 12-2024, passed 6-10-2024)

33.243 AUTHORIZATION OF TRANSFERS.

The Council shall have the authority to transfer any amount of the fund to another fund within the city to promote economic development.

(Ord. 12-2024, passed 6-10-2024)

33.244 DISSOLUTION.

If the fund is terminated by a subsequent ordinance adopted by the Council, the remaining balance of the fund shall revert to the General Fund of the city.

(Ord. 12-2024, passed 6-10-2024)

PLAN COMMISSION FUND

33.250 FUND ESTABLISHED.

The Council hereby establishes the “Plan Commission Fund,” Fund Number 2219 (the “fund”), to be designated as a special revenue fund. The fund shall be a nonreverting fund and exist perpetually unless terminated by a subsequent ordinance adopted by the Council.