(a)   Pursuant to the terms of K.S.A. 12-1,118, a Multi-year Capital Improvement Fund is hereby created.

(b)   All moneys credited to the fund hereby created shall be used f-or the purpose of providing capital improvements for the City of Linn Valley.

(c)   The fund hereby created shall not be subject to the provisions of K.S.A. 79-2925 to 79-2937.

(d)   The City Clerk is hereby authorized to transfer from the General Fund budget or any other appropriate budget to the Capital Improvement Fund such funds as the City Council shall order transferred.

(Ord. 141; Code 2021)

(a)   In accordance with the provisions of K. S. A. 12-1,119, there is hereby established a consolidated street and highway fund to which shall be credited moneys received by the City of Linn Valley from state payments under the provisions of K.S.A. 68-416 and 79-342c, and amendments thereto.

(b)   Moneys in such fund shall be used solely for street and highway purposes.

(c)   Moneys in the general or other operating funds of the city which are budgeted for street and highway purposes may be budgeted for transfer to the consolidated street and highway fund.

(c)   Moneys in the consolidated street and highway fund shall be invested in accordance with the provisions of K.S.A. 10-131, as amended, with the interest thereon credited to such fund.

(Ord. 38; Code 2021)

(a)   Pursuant to the terms of K.S.A. 12-1,117, an Equipment Reserve Fund is hereby created.

(b)   All moneys credited to the fund hereby created shall be used for the purpose of providing equipment for the City of Linn Valley.

(c)   The fund hereby created shall not be subject to the provisions of K.S.A. 79-2925 to 79-2937.

(d)   The City Clerk is hereby authorized to transfer from the General Fund budget or any other appropriate budget to the Equipment Reserve Fund such funds as the City Council shall order transferred.

(Ord. 140; Code 2021)

(a)   Pursuant to the terms of K.S.A. 12-631, a Sewerage Reserve Fund is hereby created.

(b)   All moneys credited to the fund hereby created shall be used for the purpose of future maintenance and operation, and construction of improvements or expansion to such system for the City of Linn Valley.

(c)   The fund hereby created shall not be subject to the provisions of K.S.A 79-2925 to 79-2937.

(d)   The City Clerk is hereby authorized to transfer from the utility fund budget or any appropriate budget to the Sewerage Reserved Fund as the City Council shall order transferred.

(Ord. 212; Code 2021)

(a)   A majority of the electors voting thereon having approved, at the election held on November 7, 2023, the levying of a special purpose retailers’ sales tax in the City of Linn Valley, for the purpose of funding public safety equipment and a fire truck, as authorized by K.S.A. 12-187 et seq., and amendments thereto, there is hereby levied a special purpose retailers’ sales tax in the amount of one percent (1.0%) to take effect on the first day of April, 2024 and end the last day of March 2033.

(b)   Except as otherwise provided by law, such tax shall be identical in its application and exemptions therefrom to the Kansas Retailers’ Sales Tax Act and all laws and administrative rules and regulations of the Kansas Department of Revenue relating to the state retailers’ sales tax shall apply to such city special purpose retailers’ sales tax insofar as such laws and regulations may be made applicable. The services of the Kansas Department of Revenue shall be utilized to administer, enforce, and collect such tax.

(Ord. 253)

(a)   Pursuant to the terms of K.S.A. 12-1,117, there is hereby established a Public Safety Equipment Reserve Fund which shall be used by the City for the purchase of public safety equipment and a fire truck.

(b)   All revenue generated by the Special Purpose 1% Sales Tax established by Resolution No. 121 shall be deposited directly into the Public Safety Reserve Fund.

(c)   The fund hereby created shall not be subject to the budgeting requirement provisions of K.S.A. 79-2925 to 79-2937 inclusive, and amendments thereto.

(Ord. 263)