HomeMy WebLinkAbout00 165 Kin Scot/Cruise/GIS Fund
THE CORPORATION OF THE MUNICIPALITY OF KINCARDINE
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BY-LAW
NO. 2000 -165
BEING A BYLAW TO ESTABLISH RESERVES
AND RESERVE FUNDS
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WHEREAS the Municipal Act R.S.O. 1990 Chapter 45, Section 163
provides that a municipality may establish and maintain a reserve fund for
any purpose for which it has authority to spend funds;
AND WHEREAS the Council for the Corporation of the Municipality of
Kincardine wishes to establish new reserves and reserve funds;
NOW THEREFORE the Council for the Corporation of the Municipality of
Kincardine ENACTS as follows:
1. That the following reserves be established:
"Kincardine Scottish Festival Reserve". The net surplus from the
Kincardine Scottish Festival shall be transferred from the Kincardine
Scottish Festival operating budget (825) in December of each year and
then transferred back into this operating budget in January of the
following year.
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"Drift-in Cruise Night Reserve". The net surplus from the Drift-in
Cruise Night shall be transferred from the Drift-in Cruise night
operating budget in December of each year and then transferred back
into this operating budget in January of the following year.
"GIS Reserve". The net 2000 surplus from the GIS project shall be
transferred from both the building capital (928) and roads capital (931)
budgets in December of 2000 and then transferred back into these \
budgets in January 2001.
"Kincardine Arts Facility Reserve Fund" . All donations received
towards the building or renovating of an Arts Facility shall be
transferred to this reserve fund.
2. If Council should deem it advisable, they may by motion reallocate any
monies in the reserves in Section 1 to be expended, pledged or applied
to a purpose other than for which the reserve was established.
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The Kincardine Scottish Festival, Drift-in Cruise Night, GIS Reserve and
Kincardine Arts Facility Reserve Fund By-Law
By-Law No. 2000-165
Page 2 of 2
3. This by-law shall come into full force and effect upon its final passage.
4. This by-law may be cited as the "The Kincardine Scottish Festival,
Drift-in Cruise Night, GIS Reserve and Kincardine Arts Facility Reserve
Fund By-law".
READ a FIRST, SECOND and THIRD time and DEEMED TO BE
PASSED this 20th day of December, 2000.
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