HomeMy WebLinkAboutResolution 121-1998 RESOLUTION NO. 121-98
WHEREAS, SDCL 9-21-28 authorizes a municipality to transfer surplus funds
accumulated through municipal revenue producing enterprises to public school districts operating
within the municipality and
WHEREAS, SDCL 9-21-28 further provides that any such transfer of funds shall be
made through a majority vote of the governing body of the municipality and accepted by a
majority vote of the governing body of such school district; and
WHEREAS,no funds shall be transferred that are acquired through legal tax levy in the
municipality, but rather the source of fiznds for such transfer shall be from surplus funds in the
control of the City Commission of the City of Brookings,
NOW, THEREFORE, BE IT RESOLVED that the City of Brookings shall transfer no
more than$437,000.00 in the calendar year 1999 to the Brookings School District. Transfers
shall be made monthly in(12)twelve equal installments from the General Fund to the Brookings
School District.
BE IT FUTHER RESOLVED that all resolution in conflict herewith are hereby repealed.
Passed and approved this 20`� day of October, 1998.
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RESOLUTION 16-89
WHEREAS, SDCL 9-21-28 authorizes a municipality to transfer
surplus funds accumulated through municipal revenue producing enter-
prises to public school districts operating within the municipality,
and
WHEREAS, SDCL 9-21-28 further provides that any such transfer of
funds shall be made through a majority vote of the governing body of
the municipality and accepted by a majority vote of the governing body
of such school district; and
WHEREAS, no funds shall be transferred that are acquired through
legal tax levy in the municipality, but rather the source of funds for
such transfer shall be from surplus funds in the control of the
Municipal Utility Board of the City of Brookings, now therefore,
BE IT RESOLVED that the Brookings Municipal Utility Hoard is
hereby authorized to transfer on a monthly basis surplus funds in the
control of the Municipal Utility Board in the amount of one and one
half ( 1 1/2) percent of the combined gross revenues of the electric
fund and the telephone fund, excluding revenues derived from deregu-
lated and telemarketing activities, directly to the general fund of
Hrookings School District 5-1, with the initial payment to commence on
or about July 1, 1989, based on June, 1989 collections.
Dates this 28th day of February, 1989 .
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Theo. C. Kryger, Finance Officer
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RESOLUTIOH N0. 100-94
WHEREAS SDCL 9-21-28 authorizes a municipality to transfer
surplus funds accumulated through municipal revenue praducing
enterpriaes to public school districts operating within the
municipality, and
WHEREAS SDCL 9-21-28 fu•rther provides that eny such tranafer of
funda shall be made through a ma�ority vote of the governing body of
the municipality and accepted by a me�ority vote of the governing body
of auch school dietrict, and
WHEREAS no funds shall be traneferred that are acquired through
legal tax levy in the municipality, but rether the aource of funds for
such transfer shall be from surplus funds in the control of the
Municipal Utility Hosrd of the City of Brookinga; and
WHEREAS the City of Hrookings adopted Resolution 16-89 which
authorized the Brookings Municipal Utilities Board to transfer one and
one-half ( 1 1/2) percent of the combined gross revenuea of the
Electric and Telephone Funds and on February 13, 1990 to increase the
level of said tranafer by one ( 1 ) percent, approved a motion thus
resulting in a transfer percentage of tro and one-half (2 1/2)
percent, and
WHEREAS it ie the intent of the Brookinga ?lunicipal Utilities
Board to change the above eatablished School Dietrict transfer amounte
by adding thereto the amount of 5220, 000 from the Telemarketing Fund
for the installation and purchase of telecommunications equipment at
the School District for the 1994 and 51, 800. 00 per month from the
Telephone Fund for the funding of increased recurring local service
charges related to the above mentioned telecommunications equipment,
NOW, THEREFORE, BE IT RESOLVED by the Governing Body that the
Brookings Municipal Utility Hoard is hereby authorized to transfer to
the Brookings Public School District on a monthly basis surplus funds
in the control of the Brookinga Municipal Utility Bosrd in the amaunt
of tro and one-half (2 1/2) percent of the combined gross revenuea of
the Electric Fund and the Telephone Fund, excluding revenuea derived
from deregulated and telemarketing activities, a one time payment for
the year 1994 in the amount of 9220, 000 from the Telemarketing Fund
and an additional 51, 800. 00 per month from the Telephone Fund,
effective September 1, 1994.
Passed and approved this 27th day of September, 1994.
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