HomeMy Public PortalAboutORD09640 BILL NO. 81-15
INTRODUCED BY COUNCILMAN Hequembourg
ORDINANCE NO.
AN ORDINANCE OF THE CITY OF JEFFERSON, MISSOURI, AMENDING THE
CODE OF THE CITY OF JEFFERSON, 1978, BY REPEALING SECTION 4.5,
AIRPORT FUND, AND ENACTING A NEW SECTION 4.5 IN LIEU THEREOF.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JEFFERSON,
MISSOURI, AS FOLLOWS:
Section 1. Section 4.5, Airport Fund, is hereby repealed and
a new section 4.5 is enacted as follows:
Section 4.5. AIRPORT DIVISION FUND
There is hereby established a fund in the City Treasury to be
known as the Airport Divison Fund. All money in the Airport
Division Fund as of the date of the passage and approval of this
ordinance shall be expended only for capital improvements and
acquisitions, grant matches, or major repairs as approved in the
Airport Division Budget. All revenues derived from the operation of
the Airport shall be deposited in the Airport Division Fund and all
interest earned on credit balances of the Airport Division Fund shall
likewise be deposited in the Airport Division Fund. The Finance
Director shall provide a monthly statement of the Fund' s revenues,
expenditures, and balance to the Mayor, City Council, City Adminis-
trator, Director of Transportation, and Airport Commission.
Section 2. Repealer. All ordinances or parts of ordinances in
conflict with this ordinance are hereby repealed.
Section 3. This ordinance shall take effect and be in force
from and after its passage and approval.
Passed JS- 9�1 _ Approved
esicVnt of the CoVcil ayor
ATTEST:
City Wlerk