The following revolving funds are hereby created and authorized
by the Lowell City Council:
A. LPD Accident
Recovery Revolving Fund.
(1) Fund
name: LPD Accident Recovery Account.
(2) Revenues:
The City Auditor shall establish the LPD Accident Recovery Revolving
Fund as a separate account and credit to the fund 37.5% of the fees
charged to insurance companies or entities and received by the Lowell
Police Department and the City of Lowell to provide a copy of an accident
report. The remaining 62.5% of the fees shall be credited to the City's
general fund.
(3) Purposes
and expenditures: During each fiscal year, the Superintendent of Police,
Chief Financial Officer, or his/her designee may incur liabilities
against and spend monies from the LPD Accident Recovery Revolving
Fund for office supplies. Salaries or wages of employees shall not
be paid from the fund.
(4) Fiscal
years: The LPD Accident Recovery Revolving Fund shall operate for
fiscal years that begin on or after July 1, 2022.