(a) The governing body of the City of Winchester hereby establishes the Capital Improvement Reserve Fund in accordance with the provisions of K.S.A. 12-1,118. This fund shall be used by the City to finance, in whole or in part, any public improvement need set forth in the adopted capital improvement plan, including the repair, restoration and rehabilitation of existing public facilities. Disbursements from such fund may be made for engineering and other advance public improvement plans and studies and that reimbursements may be made to the fund from bond proceeds, special assessments or state or federal aid available for the completed project.
(b) Except for such reimbursed expenses, no moneys shall be credited to such special fund except as may be budgeted annually, or transferred by the annual budget from other funds
(c) Monies in such fund may be invested in accordance with K.S.A. 10-131 and amendments thereto, and any interest thereon shall be credited to such fund.
(Ord. 2022-09; Code 2025)
(a) The governing body of the City of Winchester hereby establishes the Capital Improvement Reserve Fund for Abatement Outlay in accordance with the provisions of K.S.A. 12-1,118. This fund shall be used by the City to finance, in whole or in part, any public improvement need set forth in the adopted capital improvement plan, including the repair, restoration and rehabilitation of existing public facilities. Disbursements from such fund may be made for engineering and other advance public improvement plans and studies and that reimbursements may be made to the fund from bond proceeds, special assessments or state or federal aid available for the completed project.
(b) Except for such reimbursed expenses, no moneys shall be credited to such special fund except as may be budgeted annually, or transferred by the annual budget from other funds
(c) Monies in such fund may be invested in accordance with K.S.A. 10-131 and amendments thereto, and any interest thereon shall be credited to such fund.
(Ord. 2022-10; Code 2025)