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Home My Public Portal AboutResolution # 2010-06, A Resolution Creating And Identifying Funds For The City Of Riverdale, IowaRESOLUTION # 2010-06 A RESOLUTION CREATING AND IDENTIFYING FUNDS FOR THE CITY OF RIVERDALE, IOWA WHEREAS, the Riverdale City Council has created a number of funds to manage, allocate, and plan for the City of Riverdale's ("Riverdale) spending; and WHEREAS, pursuant to the recommendation of its accountant, David Cahill of Eide Bailly, the Riverdale City Council wishes to identify the funds that presently are held by Riverdale and how those funds are allocated. NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF RIVERDALE, IOWA, that the following funds are held by Riverdale separately from Riverdale's General Fund, in the following manners, and for the purposes described on the corresponding exhibits: NAME LEVEL OF MOST RECENT RESOLUTION OR AUTHORITY AUTHORITY CREATING FUND Public Measure B Fund Special Public Measure B, (related to fire trucks and Revenue See Exhibit A streets) Fund (Reserved) Road Fund Desi nated Exhibit B Truck Replacement & Designated Exhibit C Overhaul Fund Sewer Fund Enterprise Fund (Reserved) Road Use Fund Special Revenue Fund (Reserved) Ca ital Im rovements Fund Desi nated Exhibit D Awards Fund Desi nated Exhibit E Riverdale Firefighter's Designated Exhibit F Su ort Fund NOW, THEREFORE, BE IT FURTHER RESOLOVED BY THE COUNCIL OF THE CITY OF RIVERDALE, IOWA, that any other funds established by prior resolution that are not identified above are revoked and any balances in those funds are allocated to the General Fund; however, nothing in this resolution should be interpreted to revoke or replace or otherwise alter any sub-funds currently in existence, unless specifically identified above. ADOPTED this 16`h day of March 2010 Ayes: Nays: Absent: Franklin Channon Halsey Littrel e frey J. Grindle, Mayor ATTEST: Hupp Mary F ances Blevins, Assistant City Clerk RESOLUTION 2009-18: APPROVING A PUBLIC MEASURE FOR THE . NOVEMBER 3, 2009, BALLOT TO INCLUDE ADDITIONAL TAXATION LEVV FOR CERTAIN CAPITAL IMPROVEMENT PROJECTS WHEREAS, the City Council for the City of Riverdale, Iowa, desires to call for a vote at the November 3, 2009, election to establish a capital improvements reserve fund for the purpose of the purchase of new fire. trucks, the funding of capital maintenance and re-equipping of existing fire trucks, and also for street repair, replacement, placement, and maintenance, and to levy a tax not to exceed sixty-seven and one-half cents per thousand dollars of taxable value for those purposes for a period not to exceed twenty years, NOWT THEREFORE, BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF RIVERDALE, IOWA, the county commissioner of elections of Scott County is hereby directed to give notice of, and submit to voters of the City of Riverdale, Iowa at the city election to be held November 3, 2009, the following proposition: "Shall the City Council of the City of Riverdale, Iowa establish a Capital Improvements Reserve Fund and levy taxes at a rate not to exceed sixty-seven and one-half cents per thousand dollars of taxable value each year, for a period not to exceed twenty years, commencing with the levy for the fiscal year 2010, payable in fiscal years ending Junc 30, 2011 through Tune 30, 2031, for the purpose of the purchase of new fire trucks, the funding of capital maintenance and re-equipping of existing fire trucks, and also for street repair, replacement, placement, and maintenance in the City of Riverdale, Iowa?" BE IT FURTIrER RESOLVED, BY TtIE CITY COUNCIL OF THE CITY OF I31VERDALE, IOWA, If said propositions is approved by a majority of the electors who voted thereon, the City Council of the City of Riverdale, Iowa shall establish a Capital Improvement Reserve Fund for the specific purposes approved by the voters and levy taxes each year, unless such authority is later terminated by election, in the amount approved by the voters, which shall not exceed a total of sixty-seven and one-half cents per thousand dollars of taxable value for a period, and shall not exceed twenty years. Taxes so levied shall be deposited in the Capital Improvement Reserve Fund and shall be invested in interest bearing securities as may, now or hereafter be authorized by law until such time as said monies will be needed for the authorized purposes within the City of Riverdale, Iowa. Approved and adopted this 17`h day of September, 2009. Ayes: ~aa~Kliri~ C~rwx...ot~, Nays: Absent: u~54~y Nub, l; K rant O r e Grin le, Mayor ATTEST: Paula McIntosh, City Clerk -~X~b~i' 'P~ RESOLUTION # 2007-01 Resolution authorizing the establishment of a Road Fund. Whereas the City of Riverdale must maintain and replace road infrastructute over time, NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CTfY OF RNERDALE, IOWA, that a fund, named Road Fund, will be held within the assets of the City of Riverdale. PASSED, APPROVED AND ADOPTED THIS 160i DAY OF JANUARY 2007. Ayes: Franklin Ulrich Stickler Halsey Nays: ,~ ~y~oo7 Norma Wren, Mayot ATTEST: Theresa Ralfs, City Cle ([~ COPY RESOLUTION # 2009 - 08 A RESOLUT[ON CItEAT[NG A FIRE DEPARTMENT TRUCK REPLACEMENT AND OVERHAUL FUND WHEREAS, the City of Riverdale must maintain and replace its fire trucks over time, including large maintenance items. NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF RIVERDALE, IOWA, that a fund, named "Fire Department Truck Replacement and Overhaul Fund", will be held within the assets of the City of Riverdale, to be expended at the direction of the City Council for the purchase of new fire trucks as well as the performance of large maintenance on existing fire trucks. i i PASSED, APPROVED AND ADOPTED THIS ~ 2009, by I the following vote: +~ Ayes: /.~lSey, Gha~non, Nays: D 1~.Pp, GNR~1, ^~ l FRc.ni~r; n .i Je ey 'n e, Mayor ATTEST: mac` `iM ~-f -r~ko~ Paula McIntosh, City Clerk Q] COPY ~K~ il~ i+L CITY OF RIVERDALE RESOLUTION N0. 1991-2 A RESOLUTION PROVIDING FOR THE TRANSFER OF FUND FROM THE SEWEA FUND TO THE CAPITAL IMPROVEMENTS FUND. BE IS RESOLVED BY THE CITY COUNCIL OF THE CITY OF RIVERDALE, IOWA that the amount of $54,683 be transferred from the Riverdale Sewer Fund to the Capital Improvements Fund. Passes and approved on Aaril 2, 1991, by the following vote: Ayes: Dean Hiles Nays: Clyde ShenK _ Rex Concannon .., John Rodgers, Mayo :~C,. ~ Attests Linda ph1111ps, City Clerk `~xlnnb~~'~ RESOLUTION 2003-1 A Resolution establishing an awards fund for the Riverdale Fire Department. WHEREAS, the City of Riverdale wishes to establish a separate fund for the purpose building an awards fund for the volunteer fire department; WHEREAS, an account will be established to accumulatc funds toward this $~l; WHEREAS, an annuity will be purchased for each qualified fireman at the agc of 65; NOW, TI~REFORE BE TT RESOLVED that the City Council directs that an account be established and monies transferred from the general fund to an Awards Fund that will be carried forth and accounted for separate from the general fund. Passed and approved this stn day of October, 2003 by the following vote: AYES Jim seran Teri Stickler Eric Syverud Norma Wren /~ J Kempton, Mayor NAYS ATTEST: Linda Phillips, City Cler ~~ ~ ~ 2 Resolution 2004-2 CTLY OE. BLVERDAI.E A RESOLUTION APPROVING THE AMENDED AND RESTATED VOLUNTEER FIREFIGHTERS AWARDS PLAN. BE iT RESOLVED BY THE.CIT.Y_CODNCILOETHE CLTY OE RLVERnA?.R, inwA.~hat the Firefighters Awards Plan has been amended and restated with the City depositing monies in a Fund to be used for the express.purpose. of punehAa; g annuitieS_fOL 1ifi ;red fir~ter8. PASSED AND APPROVED, by the City Council of the City of Riverdale, Iowa this 4m daysf Mav. 2004. AYES: Reran Nanc~n Ctirlr1er Zemo .~ ayor NAPES: --" .~~: .~ ~~ ` Attest: City Clerk ~,~~,~ Zak Z RESOLUTION # 2007 - 24 Resolution Establishing the Riverdale Firefighters Support Fund WHEREAS, in accordance with the recommendations ofthe Iowa State Auditor, the City of Riverdale has secured a transfer of the funds previously held in the Ascentra Credit Union, formerly known as the ALCOA Employees Credit Union, for the Riverdale Fire Fund ("Fire Fund") in the amount of $6,366.97; and WHEREAS, the City of Riverdale has transferred $1,434.30 of the funds received from the Fire Fund to its general fund in reimbursement of firefighter training expenses in accordance with the recommendations of the State Auditor; and WHEREAS, the balance of the funds received from the Fire Fund in the amount of $4,932.67 are substantially attributable to the fundraising efforts of the members of the Riverdale Fire Department and contributions to the Riverdale Fire Department, which~are not attributable to City revenues. NOW, THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF RIVERDALE, IOWA, that a special account be estahlished.and maintained for deposit, investment, and reinvestment of the $4,932.67 received from the Fue Fund to be designated the Riverdale Firefighters Support Fund. BE IT FURTHER RESOLVED, that expenditures from the Riverdale Firefighters Support Fund shall be limited to expenditures approved by further motion or resolution of the City Council in support of the Riverdale Fire Department and Firefighters for City purposes and as established within the annual budget for the City of Riverdale Fire Department. PASSED, APPROVED AND ADOPTED THIS 6 DAY OF NOVEMBER 2007. Ayes: Nays: Franklin Stickler Grindle , Halsey Resubmitted and adopted this 20w day of November due to the resolution number not being on the agenda. Ayes: Nays: Franklin Ulrich Littrel Grindle Halse orma Wren, Mayor ATTEST: Theresa Ralfs, City Cler c