12-1,117.Municipal equipment reserve fund; purpose; investment and
transfer of moneys in fund.
(a) The governing body of any city may provide, by adoption
of an ordinance, for a municipal equipment reserve fund to finance the
acquisition of equipment. Moneys may
be budgeted and transferred to such fund from any source which may be
lawfully utilized for such purposes, including equipment use charges on the
various departments and agencies of
the city to finance new and replacement equipment. For the
purposes of this act, equipment shall include machinery, vehicles and any
other equipment or personal property including, but not limited to,
computer hardware and software, which the city is authorized to purchase
for municipal purposes.
(b) Moneys credited to such fund from annually budgeted transfers shall
not thereafter be subject to the provisions of K.S.A.
79-2925 to 79-2937, inclusive, and amendments thereto. In making the
budgets of such city, the amounts credited to, and the amount on hand in,
such equipment reserve fund and the amount expended therefrom shall be shown
thereon for the information of the taxpayers of such city. Moneys in such
fund may be invested in accordance with the provisions of K.S.A. 10-131 and
amendments thereto with interest thereon credited to such fund.
(c) If the governing body of any city determines that money which has
been credited to such fund or any part thereof is not needed for the
purposes for which so budgeted or transferred, the governing body may
transfer, by adoption of a resolution, such amount not needed to the fund
from which it came and such retransfer and expenditure thereof shall be subject
to the budget requirement provisions of K.S.A. 79-2925 to 79-2937,
inclusive, and amendments thereto.
12-1,117.Municipal equipment reserve fund; purpose; investment and
transfer of moneys in fund.
(a) The governing body of any city may provide, by adoption
of an ordinance, for a municipal equipment reserve fund to finance the
acquisition of equipment. Moneys may
be budgeted and transferred to such fund from any source which may be
lawfully utilized for such purposes, including equipment use charges on the
various departments and agencies of
the city to finance new and replacement equipment. For the
purposes of this act, equipment shall include machinery, vehicles and any
other equipment or personal property including, but not limited to,
computer hardware and software, which the city is authorized to purchase
for municipal purposes.
(b) Moneys credited to such fund from annually budgeted transfers shall
not thereafter be subject to the provisions of K.S.A.
79-2925 to 79-2937, inclusive, and amendments thereto. In making the
budgets of such city, the amounts credited to, and the amount on hand in,
such equipment reserve fund and the amount expended therefrom shall be shown
thereon for the information of the taxpayers of such city. Moneys in such
fund may be invested in accordance with the provisions of K.S.A. 10-131 and
amendments thereto with interest thereon credited to such fund.
(c) If the governing body of any city determines that money which has
been credited to such fund or any part thereof is not needed for the
purposes for which so budgeted or transferred, the governing body may
transfer, by adoption of a resolution, such amount not needed to the fund
from which it came and such retransfer and expenditure thereof shall be subject
to the budget requirement provisions of K.S.A. 79-2925 to 79-2937,
inclusive, and amendments thereto.
12-1,117.Municipal equipment reserve fund; purpose; investment and
transfer of moneys in fund.
(a) The governing body of any city may provide, by adoption
of an ordinance, for a municipal equipment reserve fund to finance the
acquisition of equipment. Moneys may
be budgeted and transferred to such fund from any source which may be
lawfully utilized for such purposes, including equipment use charges on the
various departments and agencies of
the city to finance new and replacement equipment. For the
purposes of this act, equipment shall include machinery, vehicles and any
other equipment or personal property including, but not limited to,
computer hardware and software, which the city is authorized to purchase
for municipal purposes.
(b) Moneys credited to such fund from annually budgeted transfers shall
not thereafter be subject to the provisions of K.S.A.
79-2925 to 79-2937, inclusive, and amendments thereto. In making the
budgets of such city, the amounts credited to, and the amount on hand in,
such equipment reserve fund and the amount expended therefrom shall be shown
thereon for the information of the taxpayers of such city. Moneys in such
fund may be invested in accordance with the provisions of K.S.A. 10-131 and
amendments thereto with interest thereon credited to such fund.
(c) If the governing body of any city determines that money which has
been credited to such fund or any part thereof is not needed for the
purposes for which so budgeted or transferred, the governing body may
transfer, by adoption of a resolution, such amount not needed to the fund
from which it came and such retransfer and expenditure thereof shall be subject
to the budget requirement provisions of K.S.A. 79-2925 to 79-2937,
inclusive, and amendments thereto.