Section 9-21-27 – Transfer of bond redemption funds allowed if certain amount is retained.
9-21-27. Transfer of bond redemption funds allowed if certain amount is retained. No balance remaining at the end of any fiscal year in any fund raised for the purpose of paying the principal or interest upon the bonded indebtedness of the municipality may be transferred to any other fund unless enough money is retained in […]
Section 9-21-28 – Transfer to school districts of surplus from revenue-producing enterprises–Transfer to funds.
9-21-28. Transfer to school districts of surplus from revenue-producing enterprises–Transfer to funds. Authority is hereby granted to all municipalities to transfer surplus funds accumulated through special municipal revenue producing enterprises to public school districts operating within the municipality; provided such transfer of funds shall be made through a majority vote of the governing body of […]
Section 9-21-29 – Transfer by county of funds received on behalf of municipality–Statement by county auditor of source and amount of funds.
9-21-29. Transfer by county of funds received on behalf of municipality–Statement by county auditor of source and amount of funds. The county treasurer shall transfer, by the twentieth day of the month, all money received during the prior month on behalf of the municipality to each municipality. Whenever any funds which have been collected by […]
Section 9-21-30 – Transfer by county auditor of funds received on behalf of municipality–Interest charged for failure to distribute–Statement of source and amount of funds.
9-21-30. Transfer by county auditor of funds received on behalf of municipality–Interest charged for failure to distribute–Statement of source and amount of funds. The county auditor shall, by the twentieth day of the month, transfer all money received during the prior month on behalf of each municipality to each municipality. Any county failing to distribute […]
Section 9-21-31 – Capital replacement reserve fund authorized.
9-21-31. Capital replacement reserve fund authorized. The governing body of a municipality may by ordinance create a capital replacement reserve fund or account for general fixed assets, not to exceed fifty percent of the value of the general fixed assets. Source: SL 1994, ch 69, §1.
Section 9-21-32 – Internal service fund for equipment purchases authorized–Equipment defined.
9-21-32. Internal service fund for equipment purchases authorized–Equipment defined. The governing body of a municipality may by resolution create an internal service fund to provide for the acquisition of equipment. Moneys may be budgeted and transferred to the fund from any source which may lawfully be used for such purpose, including equipment usage charges on […]
Section 9-21-33 – Contributions to technical colleges.
9-21-33. Contributions to technical colleges. The governing body of a municipality may contribute sums of money to provide general operating and capital support to any technical college and other career and technical education purposes. The funds necessary to execute this section may be appropriated from the municipal general fund, the capital outlay fund, or both. […]
Section 9-21-34 – Municipal appropriation–Deadlines.
9-21-34. Municipal appropriation–Deadlines. A municipality may move the deadline for introducing the annual appropriation or budget, contained in § 9-21-2 and subdivision 9-10-15(5), as applicable, to as late as the first regular meeting of the governing board in November. Each municipality that opts to move the deadlines shall, by ordinance, establish budget hearing and publication […]
Section 9-21-34.1 – Municipal appropriation–Moved deadline–Certification.
9-21-34.1. Municipal appropriation–Moved deadline–Certification. If a municipality opts to move the budget deadlines, the provisions of § 9-21-20 do not apply. On or before October first, after notice and hearing on the requested levies, the municipal finance officer shall certify the tax levies to the county auditor in the county that the municipality is situated […]
Section 9-21-26.1 – Transfer of surplus funds–Restrictions.
9-21-26.1. Transfer of surplus funds–Restrictions. The governing body may by a two-thirds vote transfer the surplus money in any of the several funds to any other fund or funds or may appropriate such surplus money to the payment of any outstanding indebtedness of the municipality. No money in any fund may be transferred unless a […]