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3/24/81
ORDINANCE NO. NS-1581
AN ORDINANCE OF THE CITY OF SANTA ANA
ESTABLISHING A RESERVE FUND PURSUANT
TO SECTION 5 OF ARTICLE 13B OF THE
CALIFORNIA CONSTITUTION
THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES
ORDAIN that the Santa Ana Municipal Code, is hereby amended
by adding an article, to be numbered Article IX, to Chapter
13 thereof, which said article consists of Sections 13-80
through 13-85, and reads as follows:
ARTICLE IX. EXCESS PROCEEDS
OF TAXES RESERVE FUND
Sec. 13-80. Creation of Excess Proceeds
of Taxes Reserve Fund.
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.
Sec. 13-81. Appropriations to the fund.
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.
Sec. 13-82. Relation to other funds.
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-
81, 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.
Sec. 13-83. Expenditures from the fund.
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.
ORDINANCE NO. NS-1581
PAGE TWO
Sec. 13-84. Separate accounting.
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.
Sec. 13-85. Terminology
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.
ADOPTED this
the following vote:
AYES:
NOES:
ABSENT:
ATTEST:
AS TO FORM:
20th day of April , 1981, by
COUNCILMEMBER: Acosta, Br~cken, Griset, Luxemb0urger,
Markel, McGuigan, Sermat0
COUNC ILMEMBER: None
COUNC ILMEMBER: None
MAYOR
CITY ATTORNEY