9-21-1. Fiscal year of municipalities. The fiscal year of each municipality shall commence on the first day of January of each year. Source: SL 1890, ch 37, art VII, §7; SL 1890, ch 37, art XV, §1; RPolC 1903, §1295; SL 1913, ch 119, §114; RC 1919, §6333; SL 1921, ch 298; SDC 1939, §45.1401.
9-21-10. Contracts prohibited unless covered by appropriation or bonds. Except as otherwise provided no contract shall be made by the governing body of any municipality and no expense shall be incurred by any department or any officer thereof, whether ordered by the governing body or not, unless an appropriation shall have been previously made concerning […]
9-21-11. Long-term contracts authorized for utility services and improvement of irrigable lands–Appropriation required–Referendum. The governing body may enter into a contract for any term of years as the governing body may determine with any person or any rural water system, water user district, sanitary district, water project district, or like organization for the purchase by […]
9-21-12. Authorization of depreciation reserve within proprietary fund. The governing body of a municipality may by resolution create a depreciation reserve within each proprietary fund, as necessary, not to exceed the accumulated depreciation of the fixed assets of the respective fund. Source: SL 1951, ch 247, §1; SDC Supp 1960, §45.0201-1 (9); SL 1978, ch […]
9-21-13. Purposes of depreciation or capital replacement reserves. The depreciation or the capital replacement reserves shall be used only to replace and repair equipment belonging to the municipality and may not be used for the acquisition of equipment which would represent a substantial expansion in the total amount of equipment belonging to the municipality. Equipment […]
9-21-14.1. Accumulation of funds for capital outlay purposes–Maximum amount. The governing body of a municipality may by resolution authorize the accumulation of funds for a period longer than one year for specific capital outlay purposes otherwise authorized by law. For the purpose of this section, capital outlay purposes means purposes which result in the acquisition […]
9-21-14.2. Vote required for capital outlay accumulation–Time of expenditure–Reversion of unused funds. The resolution authorized by §9-21-14.1 shall be enacted by a two-thirds vote of the governing body and shall set forth clearly the purposes for which the funds are to be accumulated and the maximum amount that may be accumulated. The funds to be […]
9-21-15. Replacement or repair required by unanticipated event–Borrowing and addition to tax levy. No expenditure for any improvement, replacement, repair or service shall exceed in any one year the amount provided therefor in the annual appropriation ordinance of a municipality, except that the governing body may expend the proceeds of any bond issue authorized by […]
9-21-16. Surplus funds used for replacement or repair required by unanticipated event. If the municipal corporation has on hand any unappropriated money, or money not raised by taxation, loan, or assessment, which can be spared for the purpose described in §9-21-15 and which has not been pledged for the payment of any indebtedness of the […]
9-21-16.1. Casualty reserve fund authorized–Limitation on amount and use of fund–Interest. The governing body of a municipality may, by resolution or ordinance, establish a fund to be designated the casualty reserve fund and the governing body may, in their annual appropriation, set forth a specific amount for such fund. The amount appropriated shall be transferred […]
9-21-17. Judgment against municipality–Borrowing–Maximum tax levy to pay judgment. If any judgment is obtained against the municipality, it may borrow for a space of time not exceeding the close of the fiscal year a sum sufficient to pay the judgment, if a tax levy of ten dollars per thousand dollars of taxable valuation of the […]
9-21-18. Contracts exceeding maximum tax levy as misdemeanor–Personal liability of authorizing officer. It is a Class 2 misdemeanor for the officers of any municipality, unless expressly authorized by law, to contract any debt or incur any pecuniary liability, for the payment of either the principal or interest, for which during the current year or any […]
9-21-18.1. Municipality authorized to enter into lease-purchase agreements. The provisions of §9-21-18 or any other provision of law notwithstanding, any municipality may enter into a lease-purchase agreement for a term of years, not exceeding ten years for equipment and twenty years for an improvement to real property, for the purchase or lease by the municipality […]
9-21-19. Annual tax levy included in appropriation ordinance–Apportionment among funds, bond interest, and debt service funds. The annual appropriation ordinance of each municipality shall also contain the annual tax levy, which for all purposes except park purposes shall not exceed the limitations prescribed by law. It shall apportion among the various funds provided for therein […]
9-21-2. Annual appropriation ordinance–Time of introduction–Contents–Enterprise and trust and agency funds. The governing body of each municipality shall, no later than its first regular meeting in September of each year or within ten days thereafter, introduce the annual appropriation ordinance for the ensuing fiscal year, in which it shall appropriate the sums of money necessary […]
9-21-20. Certification of annual tax levy to county auditor. Immediately upon the passage and publication of the annual appropriation ordinance the auditor or clerk shall certify the tax levies therein made to the county auditor in the county in which the first or second class municipality is situated in the following form: For general purposes […]
9-21-21. Warrants limited by tax levy–Violation as misdemeanor–Removal of offender from office. No liability may be incurred against the municipality in excess of the total appropriation of the fund. No liability may be incurred under any appropriation for which a warrant cannot be drawn as herein provided. No member of the governing body may vote […]
9-21-22. Maximum obligations under appropriation. No obligation under any appropriation shall be incurred or warrant drawn in excess of seventy-five percent of the tax levy made for the fund provided for such appropriation for the current fiscal year and seventy-five percent of the cash in the treasury in such fund derived from sources other than […]
9-21-23. Proration of expenditures under appropriation for more than one year. In all cases where appropriations of money are authorized and made for periods longer than one year, the expenditure thereof in any one year shall never exceed the proportion which one year of time bears to the whole time, unless otherwise expressly provided. Source: […]
9-21-24. Highway taxes paid to municipal treasurer quarterly–Purposes for which expended. All highway taxes collected as personal taxes from residents of any municipality and all highway taxes collected on account of real or personal property situated within any municipality by the treasurer of the county in which such municipality is located, shall be turned over […]
