§ 4.08.120. Transfers to/from restricted fund balance for Municipal Elections.

Annually, or from time to time as required, the Finance Director under consultation with the City Council and Mayor shall prepare a transfer request to restricted fund balance for Municipal Elections. The funding source for this request can be from available funds within the then current year's operating budget, unrestricted fund balance, or from other available funds as identified by the Finance Director. In order to make said transfer, the request must be approved by a majority vote of the City Council. Furthermore, in order to make expenditures from this restricted fund balance account, the City Council shall appropriate said funds and approve a budget transfer prepared by the Finance Director made between restricted fund balance for municipal elections and the annual operating budget categorized under elections. The amount to be transferred to restricted fund balance for municipal elections shall be an estimate necessary to pay for future elections, including associated legal expenditures.

(Ord. No. O-10-14 Amended, § I, 12-22-2014)