Chapter 3.100
USE OF ONE-TIME REVENUES
Sections
3.100.020 Phased-in expenditure requirements created.
3.100.030 Expenditure of one-time revenue.
3.100.010 Definitions.
(1) Use of Words and Phrases. As used in this chapter, unless the context or subject matter clearly requires otherwise, the words or phrases defined in this section shall have the indicated meanings.
(2) “One-time revenue” means all corresponding sales tax and business and occupation tax revenues received by the city from development projects with a total value exceeding $15,000,000. Revenues from permit fees are not considered one-time revenues and are specifically excluded from the requirements of this chapter. [Ord. 1561 § 1 (part), 2012.]
3.100.020 Phased-in expenditure requirements created.
(1) For the calendar year of 2024, the total amount of one-time revenues to be used to fund the 2024 general fund budget shall not be restricted.
(2) For the calendar year of 2025 and beyond, no one-time revenues shall be used to fund the general fund budget. [Ord. 1781 § 1, 2023; Ord. 1766 § 1, 2022; Ord. 1741 § 1, 2020; Ord. 1735 § 1, 2020; Ord. 1637 § 1, 2015: Ord. 1607 § 1, 2014: Ord. 1561 § 1 (part), 2012.]
3.100.030 Expenditure of one-time revenue.
All revenues designated as one-time revenues which are restricted from being used to fund the general fund budget shall be transferred to the municipal capital improvements fund to be used for projects consistent with the purposes of that fund. [Ord. 1561 § 1 (part), 2012.]