Ordinance - #25-12 - 12/09/2025 - Laserfiche WebLink

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ORDINANCE #25-12 CITY OF RAMSEY ANOKA COUNTY STATE OF MINNESOTA AN AMENDMENT TO CHAPTER 2 KNOWN AS THE OPERATIONS AND ADMINISTRATION CHAPTER OF THE CITY CODE AN ORDINANCE AMENDING CHAPTER 2 AND REPEALING AND REPLACING ARTICLE VI — FINANCE; DIVISION 3 (CITY FUNDS) SECTION 2-306 (ESTABLISHMENT OF FUNDS) The City of Ramsey ordains: Section 1. AUTHORITY This Ordinance is adopted pursuant to and under the authority of the City Charter of the City of Ramsey under Section 7.9. Section 2. AMENDMENT Chapter 2 Article VI; Division 3 entitled "City Funds" is hereby repealed and replaced with the following: DIVISON 3 CITY FUNDS 2-305. Purpose. It is the purpose of this section to establish City funds for the deposit and disbursement of monies received by the City of Ramsey, to define policies for funds, and to define which funds are eligible for inter -fund loans. This section is adopted pursuant to and under the authority of Chapter 7 of the City Charter. (Section 7.9). Funds as outlined below follow the same classifications as outlined in the city's Annual Comprehensive Financial Report (ACFR). 2-306. Establishment of Funds. The following funds and fund classifications are established for deposit and disbursement of revenues: Subdivision 1. Governmental Funds: a. General Fund. (Fund 9101) The General Fund is the general operating fund of the City. It shall be used to account for all financial resources except those required to be accounted for in another fund. The General Fund is eligible for inter -fund loans to and from any other fund. b. Special Revenue Funds. Special Revenue Funds are used to account for and report the proceeds of specific revenue sources that are restricted or committed to expenditures for specified purposes other than debt service or capital projects. The following are the City's Special Revenue Funds: