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REL:adg 3/24/81 ORDINANCE NO. NS-1581 AN ORDINANCE OF THE CITY OF SANTA ANA ESTABLISHING A RESERVE FUND PURSUANT TO SECTION 5 OF ARTICLE 13B OF THE CALIFORNIA CONSTITUTION THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES ORDAIN that the Santa Ana Municipal Code, is hereby amended by adding an article, to be numbered Article IX, to Chapter 13 thereof, which said article consists of Sections 13-80 through 13-85, and reads as follows: ARTICLE IX. EXCESS PROCEEDS OF TAXES RESERVE FUND Sec. 13-80. Creation of Excess Proceeds of Taxes Reserve Fund. There is hereby created and established the Excess Proceeds of Taxes Reserve Fund. Such fund is established pursuant to Section 5 of Article 13B of the Constitution of the State of California for the purpose of providing for the separate accounting of proceeds of taxes received in a fiscal year prior to the fiscal year in which they are expended, and thereby to distinguish between proceeds of taxes which are subject to the appropriations limit of the City applying to the fiscal year in which they are expended and proceeds of taxes which are not subject to the appropriations limit of the City in the fiscal year in which they are expended. Sec. 13-81. Appropriations to the fund. In each fiscal year, the amount, if any, by which those revenues which constitute proceeds of taxes exceed expenditures thereof, as of the close of the last day of such fiscal year, is appropriated to the Excess Proceeds of Taxes Reserve Fund, and shall constitute an appropriation subject to limitation in such fiscal year. Sec. 13-82. Relation to other funds. Any moneys which have been contributed to any contingency, emergency, unemployment, reserve, retirement, sinking, trust, or similar fund during the course of a fiscal year and which are appropriated to the Excess Proceeds of Taxes Reserve Fund by operation of Section 13- 81, shall remain in such other fund and subject to the limitations placed upon expenditures therefrom as well as being within the Excess Proceeds of Taxes Reserve Fund for purposes of this Article. Sec. 13-83. Expenditures from the fund. Moneys in the Excess Proceeds of Taxes Reserve Fund may be expended or authorized for expenditure in the same manner as moneys not in such fund. Such expenditures or authorizations to expend from such fund shall not constitute appropriations subject to limitation.