No preview available
HomeMy WebLinkAboutS-55 Separate Fnd Account/SewORDINANCE S-55 AN ORDINANCE AMENDING ORDINANCE S 41 CONCERNING ~EWER AVAILABILITY AND CONNECTION FUNDS WHEREAS: the Common Council Of the city of Calomel, Indiana, has approved the Interceptor Improvement Fund for sewer availability fees, and the Plant Expansion and Improvement Fund for sewer connection fees: and WHEREAS: using the funds only for the purposes designated by the Common Council of the City of Carmel, Indiana requires that accurate records shall be kept of the disbursements made from these fees and the interest earned by these fees: and WHEREAS: the official computerized records of the city of Carmel currently combine the availability and connection fees for Sewer into the Sewer Expansion fund with no computerized provision to segregate availability fees, their income and uses from connection fees their income and uses: and WHEREAS: if the funds were separated in the official computerized records into two funds; Sewer Availability- Interceptors, and Sewer Connections-Plant,the funds could be calculated by computer like all other city funds. The new titles of the funds would describe the source and purpose of each fund. NOW THEREFORE: Be it ordained by the Carmel City Council, that the Sewer Expansion fund be 2 separate funds in the official computerized records titled Sewer Availability- Interceptors, and Sewer Connection-Plant. Adopted this day of Presi~ , 1993. Approved by the Mayor of the City of Carmel, this /~~- · 1993. Maydor oh~ °'~ of Carmel ATTEST: $fisan Jones, Clerk Tr~surer day