Town of Lincoln, RI
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2023-07-25
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The Code
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Part I, Administrative Legislation
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Chapter 7 Budget and Finance
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Article I Unrestricted Surplus
- The Charter
- Ch C Charter
- The Code
- Part I, Administrative Legislation
- Ch 1 General Provisions
- Ch 5 Boards and Commissions
- Ch 7 Budget and Finance
- Ch 7 Art I Unrestricted Surplus
- § 7-1 Legislative intent.
- § 7-2 Definitions.
- § 7-3 Rules of implementation.
- § 7-4 Restoration to 8%.
- Ch 9 Council
- Ch 11 Court, Housing
- Ch 12 Court, Municipal
- Ch 15 Deferred Compensation Plan
- Ch 17 Ethics, Code of
- Ch 24 Land Trust
- Ch 28 Legal Assistance
- Ch 32 Libraries
- Ch 40 Officers and Employees
- Ch 44 Police Department
- Ch 48 Purchasing Policy
- Ch 49 Real Property, Conveyance of
- Ch 51 Redevelopment Agency
- Ch 53 Rescue Department
- Ch 55 Salaries and Compensation
- Ch 59 Town-Owned Vehicles
- Part II, General Legislation
- Ch 63 Adult Entertainment
- Ch 67 Alarm Systems
- Ch 70 Alcoholic Beverages
- Ch 72 Amusements
- Ch 75 Animals
- Ch 79 Bicycles
- Ch 82 Blasting
- Ch 89 Buildings, Moving of
- Ch 92 Buildings, Numbering of
- Ch 95 Cannabis
- Ch 101 Disorderly Conduct
- Ch 105 Drainage
- Ch 109 Earth Removal
- Ch 114 False Alarms
- Ch 117 Fees
- Ch 120 Firearms and Explosives
- Ch 123 Fire Prevention
- Ch 126 Flea Markets
- Ch 129 Flood Hazard Areas
- Ch 133 Gambling
- Ch 136 Game Rooms
- Ch 140 Hazardous Substances
- Ch 144 Horse Stables, Commercial
- Ch 147 Housing
- Ch 150 Hunting
- Ch 155 Junkyards and Junk Dealers
- Ch 161 Licenses and Business Regulations
- Ch 164 Littering
- Ch 167 Loitering
- Ch 171 Malicious Mischief
- Ch 175 Noise
- Ch 180 Parking Lots
- Ch 183 Parks and Recreation
- Ch 187 Peddling and Soliciting
- Ch 190 Picketing
- Ch 193 Plumbing
- Ch 196 Property, Abandoned
- Ch 199 Property, Defacement of
- Ch 202 Property Maintenance Code
- Ch 204 Rental Property
- Ch 207 Sewers
- Ch 209 Sex Offender Residency Restrictions
- Ch 213 Soil Erosion and Sedimentation Control
- Ch 217 Solid Waste
- Ch 220 Streets and Sidewalks
- Ch 228 Taxation
- Ch 236 Unruly Gatherings
- Ch 237 Vehicles, Abandoned
- Ch 240 Vehicles and Traffic
- Ch 244 Vehicles, Storage of
- Ch 250 Watercraft
- Ch 254 Wells and Cesspools
- Ch 260 Zoning
- Disposition List
- Ch DL Disposition List
[Adopted 10-17-2006 by Ord. No. 06-09[1]]
[1]
Editor's Note: This ordinance also superseded
Ord. No. 05-12, adopted 4-19-2005, which contained provisions for
unrestricted surplus.
Charter § C4-9 requires the unrestricted surplus to be no greater than 8% and for any excess fund balance to be restricted equally for capital and open space purposes. The Town Charter is silent on how implementation of this section should be accomplished.
As used in this article, the following terms
shall have the meanings indicated:
Eight percent of the General Fund expenditure current year
(not audited year) operating budget.
As relates to capital and open space, a restriction of the
General Fund's fund balance and not as a separate accounting fund.
The audited General Fund cumulative unreserved fund balance
surplus at the end of each fiscal year.
Upon completion of the draft annual audit, the
auditors and the Town Finance Director shall compute the amount of
unreserved General Fund fund balance. Should this amount exceed 8%
of the General Fund expenditure current year (not audited year) operating
budget, the excess above 8% shall be equally allocated to reserved
General Fund balance accounts for open space and capital.
Should the unreserved General Fund fund balance
be less than 8% at the year end and should there be balances in the
reserved General Fund balance accounts for open space and capital,
then the balances sufficient to restore the unreserved General Fund
fund balance to 8% shall be transferred in equal amounts from the
reserved General Fund balance accounts for open space and capital.
