News Releases

11/5/2021 - Ordinance No. 21-11091

ORDINANCE NUMBER 21-11091

 

 

            AN ORDINANCE ESTABLISHING THE “PARKS MAINTENANCE CAPITAL RESERVE”, “FLEET MANAGEMENT CAPITAL RESERVE”, “STREETS MAINTENANCE CAPITAL RESERVE”, “BUILDING AND FACILITIES MAINTENANCE CAPITAL RESERVE”, AND “VEHICLES AND EQUIPMENT CAPITAL REPLACEMENT RESERVE” FUNDS PURSUANT TO K.S.A. 12-1,117 AND 12-1,118.

 

 

            WHEREAS, K.S.A. 12-1,117 authorizes the governing body of any city to establish by ordinance separate, non-budgeted equipment reserve funds to finance the acquisition of equipment in anticipation of receiving moneys budgeted and transferred to such funds for that purpose in order to account for receipt, investment, and authorized expenditure of funds in accordance with that purpose;

            WHEREAS, K.S.A. 12-1,118 authorizes the governing body of any city which has formally approved a multi-year capital improvement plan setting forth the public improvement and infrastructure needs of the city on a prioritized basis to establish by ordinance separate, non-budgeted capital improvements funds in anticipation of receiving moneys budgeted and transferred to such funds for that purpose in order to account for receipt, investment, and authorized expenditure of funds in accordance with that purpose; and

            WHEREAS, the Governing Body has discussed the creation of additional reserve funds and the transfer of available funds in to various reserve funds of the City of Salina as part of is 2022 Strategic Planning & Budgeting processes, SO NOW, THEREFORE;

            BE IT ORDAINED by the Governing Body of Salina, Kansas:

            Section 1.  Creation of Fund(s).  Separate, non-budgeted reserve funds, as described below, (collectively, the “Funds”) are created as a result of Governing Body’s intent to implement strategic planning activities:

            Equipment Reserve Funds

            “Fleet Management Capital Reserve Fund” – established to account for revenue and expenditures related to the lease or purchase and sale of vehicles and equipment held in the City’s fleet.

            “Vehicles and Equipment Replacement Capital Reserve Fund” – established to account for monies transferred for the replacement of existing or addition of new vehicles and equipment owned by the City.

Capital Improvements Reserves Funds

 “Parks Maintenance Capital Reserve Fund” – established to account for monies transferred for the purpose of a minimum of, but not limited to, the reconstruction, alteration, repair and maintenance of any of the City’s parks facilities.

            “Streets Maintenance Capital Reserve Fund” – established to account for revenues and expenditures related to, but not limited to, the reconstruction, alteration, repair and maintenance of the City’s streets and street-related infrastructure.

            “Building and Facilities Capital Reserve Fund” – established to account for monies transferred for the purpose of at a minimum, but not limited to, the reconstruction, alteration, repair and maintenance of City buildings and facilities, and

            Section 2.  The Funds shall be created and maintained on the City’s financial system to account for all funds and investment proceeds received and authorized expenditures made pursuant to this ordinance as adopted or as amended. Any fund balance in any of the Funds may be transferred back to the originating fund at the discretion of the governing body.  Any of the Funds may be closed and discontinued at the discretion of the governing body.

            Section 3.  Effective.  This ordinance shall be in full force and effect from and after its adoption and publication once in the official city newspaper by the following summary:

Ordinance No. 21-11091 Summary

On November 1, 2021, the City Commission passed Ordinance No. 21-11091.  The Ordinance establishes the “PARKS MAINTENANCE RESERVE”, “FLEET MANAGEMENT RESERVE”, “STREETS MAINTENANCE RESERVE”, “BUILDING AND FACILITIES MAINTENANCE RESERVE”, AND “VEHICLES AND EQUIPMENT REPLACEMENT” FUNDS to be administered pursuant to Ordinance No. 21-11091.  A complete copy of the Ordinance can be found at www.salina-ks.gov or in the office of the City Clerk, 300 W. Ash, free of charge.  This summary is certified by the City’s legal counsel.

 

                                                                        Introduced:      October 25, 2021

                                                                        Passed:             November 1, 2021

 

 

                                                                       Melissa Rose Hodges, Mayor

[SEAL]

ATTEST:

JoVonna A. Rutherford, City Clerk