Chapter 3-3 FUNDS

Chapter 3-3
FUNDS Revised 8/23

Sections:

Article 1. Gas Tax Street Improvement Fund

3-3-101 Created.

3-3-102 Deposits.

3-3-103 Expenditures.

Article 2. General Fund Reserve Account

3-3-201 General Fund Reserve Account: Created.

3-3-202 Purpose.

3-3-203 City Council approval: Procedure. Revised 8/23

3-3-204 Repealed. Revised 8/23

Article 3. Fee and Service Charge Revenue/Cost Comparison System

3-3-301 Purpose and intent.

3-3-302 Annual review.

3-3-303 Determination of cost.

3-3-304 Fees set by City Council.

Article 1. Gas Tax Street Improvement Fund

3-3-101 Created.

To comply with the provisions of Article 5 of Chapter 1 of Division 1 of the Streets and Highways Code of the State, with particular reference to the amendments made thereto by Chapter 642, Statutes of 1935, there is hereby created in the City treasury a special fund to be known as the “Special Gas Tax Street Improvement Fund.”

3-3-102 Deposits.

All moneys received by the City from the State pursuant to the provisions of the Streets and Highways Code of the State for the acquisition of real property or interests therein for, or the construction, maintenance, or improvement of streets or highways, other than State highways, shall be paid into the Special Gas Tax Street Improvement Fund.

3-3-103 Expenditures.

All moneys in the Special Gas Tax Street Improvement Fund shall be expended exclusively for the purposes authorized by, and subject to all of, the provisions of Article 5 of Chapter 1 of Division 1 of the Streets and Highways Code of the State.

Article 2. General Fund Reserve Account

3-3-201 General Fund Reserve Account: Created.

It is hereby created for the benefit of the General Fund of the City Treasury an account specified and to be known as the “Turlock General Fund Reserve Account.”

(781-CS, Enacted, 07/09/1992)

3-3-202 Purpose.

The purpose of the Turlock General Fund Reserve Account shall be to provide a contingency fund for economic cycle fluctuations that affect City revenue generation; to secure greater stability in multi-year municipal financing; and to safeguard the public welfare and interest to provide continued service delivery to the Turlock residents.

(781-CS, Enacted, 07/09/1992)

3-3-203 City Council approval: Procedure. Revised 8/23

City Council will have the authority to adopt and/or make all policy and procedure amendments through the Council resolution adoption procedures.

(1304-CS, Amended, 05/23/2023; 781-CS, Enacted, 07/09/1992. Formerly 3-3-205)

3-3-204 Repealed. Revised 8/23

(1304-CS, Repealed, 05/23/2023; 781-CS, Enacted, 07/09/1992)

Article 3. Fee and Service Charge Revenue/Cost Comparison System

3-3-301 Purpose and intent.

The purpose and intent of this ordinance is to establish a process for the recovery by the City of some or all of the costs of providing certain services or regulating certain activities within the limits established by the California Constitution and State law.

(903-CS, Amended, 06/13/1996; 748-CS, Enacted, 08/27/1991)

3-3-302 Annual review.

The City Manager shall cause a review of the cost of services and regulatory activities and of the fees enacted under this chapter to be conducted annually and shall provide the City Council with recommended changes in the percentage of cost to be recovered or recommendations as to new or increased fees.

(903-CS, Amended, 06/13/1996; 748-CS, Enacted, 08/27/1991)

3-3-303 Determination of cost.

The following factors shall be used in determining cost:

(a) All applicable direct costs including, but not limited to salaries, wages, overtime, employee fringe benefits, services and supplies, maintenance and operation expenses, contracted services, special supplies, and any other direct expense incurred.

(b) All applicable indirect costs including, but not restricted to, building maintenance and operations, equipment maintenance and operations, communications expenses, computer costs, printing and reproduction, vehicle expenses, insurance, debt service, and like expenses when distributed on an accounted and documented rational proration system.

(c) Fixed asset recovery expenses, consisting of depreciation of fixed assets, and additional fixed asset expense recovery charges calculated on the current estimated cost of replacement, divided by the approximate life expectancy of the fixed asset. A further additional charge to make up the difference between book value depreciation not previously recovered and reserved in cash and the full cost of replacement, also shall be calculated and considered a cost so as to recover such unrecovered costs between book value and cost of replacement over the remaining life of the asset.

(d) General overhead, expressed as a percentage, distributing and charging the expenses of the City Council, City Attorney, City administration, City Clerk, City Treasurer, economic development, Finance Department, personnel office, and City promotion, and all other staff and support service provided to the entire City organization. Overhead shall be prorated between tax-financed services and fee-financed services on the basis of said percentage so that each of taxes and fees and charges shall proportionately defray such overhead costs.

(e) Departmental overhead, expressed as a percentage, distributing and charging the cost of each department head and his or her supporting expenses as enumerated in subsections a, b, c, and f of this section.

(f) Debt service costs, consisting of repayment of principal, payment of interest, and trustee fees and administrative expenses for all applicable bond, certificate, note or securities issues or loans of whatever nature or kind. Any required coverage factors or required or established reserves beyond basic debt service costs also shall be considered a cost if required by covenant within any securities ordinance, resolution, indenture or general law applicable to the City.

(903-CS, Amended, 06/27/1996; 748-CS, Enacted, 08/27/1991)

3-3-304 Fees set by City Council.

Upon receiving the annual review and recommendation of the City Manager if any new fee or fee increase is to be established, the City Council, after conducting a public hearing as required by Government Code §66016, shall adopt by resolution a statement as to the percentage of cost of each specified service or regulatory activity to be recovered and a schedule of fees.

(903-CS, Amended, 06/27/1996; 878-CS, Amended, 07/13/1995; 855-CS, Amended, 08/25/1994; 812-CS, Amended, 06/08/1993; 748-CS, Enacted, 08/27/1991)