Resolutions_2004-1� . :�, •
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RESOLUTION NO. 2004-�
A RESOLUTION OF THE GIBSON COUNTY COUNCIL TO ESTABLZSH A"RAINY
DAY FUND" PURSUANT TO INDIANA CODE 36-1-8-5.1
WHEREAS, Sndiana Code 36-1-8-S.i permits an Zndiana cou*?�y
to es�ablish a Rainy Day Fund to receive trans��rs oi" u�:us�d and
unencumbered iunds under said Indiana Code; and
WHEREAS, pursuant t0 said statute� dR IRC�12..*?d COU?1L}% C011*1C11
shall make a�i-�ding tha� �he oroposed use o� �n2 Ra_-:y Day _und
15 consisten� 4iiL?? the 2T1Lc.*?L OL L112 IUP.CI be�o=e :i1df1RQ d*?
aporopriation �n2rerrom; a-�d
WHEREAS, pursuant to said statute, in any �iscal year an
Indiana county may not �ransfer more thar. ten p�rc2n� (10%) o�
lt5 tOL31 budge� iOZ' tha� L1SCd� year L.O �t12 R31P.V Dc)% FURC�� d.^.(j
WHEREA$� pllZ'SUcl[lt i.0 Sd1d s�atu��, �he 1Clq-drid S�a�e Board
o� Tax Commiss:oners may no� reduce �he actual or maximum
perm�ssible levy of an Indiana county as a result o� a balance in
the �ainy Day Fund;
NOW, THEREFORE, BE IT ORDAINED by Lhe C011n�V COLRCi1_ Oi
Gibson County, Indiana as �ollows:
l. There is hereby established a"Rainy Day Fund" to
receice trans`ers of unused and unencumbered fu�ds under Indiana
Code 36-1-8-5 and 36-1-8-5.�, includina those s�aLULes =e=e?-=nC2d
in 36-1-8-5.�.
2. No� more than �er. percen� (i0o) of any fiscal year's
total budge� shall be transferred into the "Rain_y Day Fund".
3. Tne "Rainy Day Fund" snail be subjec� �o the sane
d�JjJ10p1'1dt10P. pLOC2SS dS OLt12Y LUP.CIS �hat receice LdX IIIOR°V.
4. The Gibson Coun�y Council nereby in�ends �o u�_liz2 i�s
decision-ma:{ing power regarding fiscal matters and se� oriorities
for allocatior. ar.d exbendi�ure oi �h= "Rainy Day Fund" zs d2�med
necessary to best serve tee resid�n�s of Gibso� Coun�y, �ndiana,
including bUL T?O� Il[illi.°CI LO d�l pZO]2C%S i0i- W�?1C�'? `CO*10R1-C
Development Zncome Tax Funds may be used.
5. Regardless of date herein, this Resolution shall be
considered in =ui1_ force �-:d effect as oi Januarv _, 200^.
A
IN WITNESS WHEREOF the Gibson Co nty Council has hererun�o
approved this Resolution �nis _ 1�day of Januar�, 2004.
GIBSON COWi TY COUNCi�
3�� � �n, �r/. r��G
TONY iOLcE, Pr side��
ATTES!:
�\/
KEN GREUBEL, GibSOn Coun�y Auditor
L:\LiB\��CS\35393\2.�5\FGo287.DOC
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