HomeMy WebLinkAboutOrdinance No. O02-15ORDINANCE NO. O02-15
ORDINANCE AMENDING CHAPTER 3.04 OF THE LAUREL MUNICIPAL CODE
RELATING TO ANNUAL FINANCIAL STATEMENT
WHEREAS, changes have been recommended to bring the Laurel City Code into
compliance with state laws; and
WHEREAS, it is in the best interests of the residents of the City of Laurel to pass such an
ordinance;
IT IS HEREBY ORDAINED by the City Council of the City of Laurel, Montana, that the
LAUREL MLrNICIPAL CODE is hereby amended as is set forth below.
Chapter 3.04 shall be amended as follows:
3.04.030 Annual financial statement required.
A. Within six months after the close of each fiscal year the city clerk-treasurer must make
out, in duplicate, a complete statement of the financial condition of the city for that fiscal year,
showing:
1. The indebtedness of the city, funded and floating; the amount of each class of
indebtedness; and the amount of money in the treasury subject to the payment of each class of
indebtedness;
2. The amount of money received from taxes upon real and personal property;
3. The amount of money received from fines, penalties and forfeitures;
4. The amount of money received from licenses;
5. The amount of money received from all other sources, each source and the amount
received from it being shown separately;
6. For each fund the amount of money, if any, on hand at the beginning of the fiscal year, the
amount received and the amount paid out during the fiscal year. The amount of money paid out
must be deducted from the total of the money on hand at the beginning of the fiscal year and the
money received during the year, and a balance must be struck for each fund;
7. A concise description of all property owned by the city with an approximate estimate of
the value of it
8. The rates of taxation and purposes for which taxes were levied during the fiscal year;
9. Other information which may be required by the department of administration.
B. The forms on which the statement shall be made shall be prescribed by the department of
commerce.
C. The city clerk-treasurer must, within one hundred twenty days following the close of each
fiscal year, transmit one copy of the statement to the department of commerce and must present
the other copy to the city council.
D. If the city clerk-treasurer fails to file a copy of the statement with the department of
commerce within the time specified, the department without delay, shall examine the
books, records, and accounts of the city. The department shall make from its examination a
statement of the financial condition of the city for the preceding fiscal year in the manner it
should have been made by the city clerk-treasurer. The examination shall be considered a special
examination. (Ord. 97-2 § 4 (part), 1997; Ord. 1003, 1991: prior code § 3.04.030)
This ordinance shall become effective thirty (30) days after final passage by the City
council and approved by the Mayor.
Introduced and passed on first reading at a regular meeting of the City Council on
March 19 ,2002, byAlderman Mears
PASSED and ADOPTED by the Laurel City Council on second reading this 16th day
of Apr±l ,2002, upon motion of Alderman Meats
APPROVED BY THE MAYOR this ~~il , 2002.
~a E. ~l~son, Jr.,~ayor
ATTEST:
Mary Kffgmbletofi, Clerk-Treasurer
Matth~y/~rekson, City Attorney