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I <br />above transfers have been made shall be transferred to the <br />2 <br />Surplus Revenue Account. Monies in the Surplus Revenue <br />3 <br />Account at any time shall be used in the following order of <br />4 <br />priority: <br />5 <br />(a) For the payment of all Additional Purchase Payments <br />6 <br />that have accrued or been incurred or that are then due <br />7 <br />and payable, <br />8 <br />(b) For transfer to the City's general fund in the amount <br />9 <br />established in accordance with this Ordinance, and <br />10 <br />(c) For any lawful purpose of the City. <br />11 <br />The amount to be transferred to the City's general fund <br />12 <br />on a monthly basis shall be in an amount set by the City <br />13 <br />Council, but not greater than, one -twelfth (1/12th) of ten <br />14 <br />percent (10%) of the Electric System's Gross Revenues of the <br />15 <br />preceding Fiscal Year (less (i) the cost and expense relating <br />16 <br />to sales of electricity for resale during such Fiscal Year, and <br />17 <br />(ii) contributions in aid of construction during such Fiscal <br />18 <br />Year) (or all available monies in the Surplus Revenue Account <br />19 <br />if less than such amount); provided, however, for the Fiscal <br />20 <br />Year 1994-1995, such transfer to the City's general fund may <br />21 <br />also include an additional amount set by the City Council but <br />22 <br />not to exceed the sum of (i) two percent (2%) of the Electric <br />23 <br />System's Gross Revenues of the preceding Fiscal Year (less <br />24 <br />(a) the cost and expense relating to the sales of electricity for <br />25 <br />resale during such Fiscal Year; and (b) contributions in aid of <br />26 <br />construction during such Fiscal Year), and (ii) one percent <br />27 <br />(1 %) of the Electric System's Net Utility Plant (as described in <br />28 <br />the Electric System's audited financial statements relating to <br />3005-00002 <br />2878_1 <br />- 3 - <br />