Fiscal Affairs - C3
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FISCAL AFFAIRS

FISCAL AFFAIRS

Chapters:

3.04     Purchases

3.08     Fixed Assets

3.12     Sales and Use Tax

3.16     Single Transaction

3.20     Real and Personal Property Tax

3.24     Project Plan

CHAPTER 3.04

PURCHASES

 

Sections:

3.04.01            Purchases

3.04.02            Competitive bids

3.04.03            Approval of payments

3.04.04            Sale or exchange of supplies, materials or equipment valued

at less than $1,000.00

3.04.01 Purchases All purchases for the city of supplies, apparatus, equipment, materials and other things requisite for public purposes where the expenditure therefore is in excess of Five Hundred Dollars ($500.00), but less the Twenty-Five Hundred Dollars ($2,500.00) shall be authorized by the City Council. Such expenditures that exceed Twenty-Five Hundred Dollars ($2,500.00), but are less than Five Thousand Dollars ($5,000.00) shall be authorized by the City Council after the securing of quotation bids therefore, provided, however, purchases less than Five Thousand Dollars ($5,000.00) at state bid prices shall be exempt from the provisions of this section. (Ord. No. 97-10, Sec. 3.)

3.04.02 Competitive bids Competitive bids are required when the purchase or contract exceeds the sum of Five Thousand Dollars ($5,000.00), and the Mayor, or City Council, shall invite competitive bids thereon by legal advertisement in a newspaper as required by law. Bids received pursuant to said advertisement shall be opened and read on the date set for receiving

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said bids, in the presence of the Mayor, and City Council. The contract shall be awarded to the lowest responsible bidder provided, however, the Mayor, or City Council, may reject any and all bids received. Further, nothing in this paragraph shall limit the City Council’s authority under state law to waive competitive bidding when the City Council finds it is not feasible or practical. (Ord. No. 97-10, Sec. 4.)

3.04.03 Approval of payments The Mayor or his duly authorized representative may approve for payment out of any funds previously appropriated for that purpose, or disapprove

any bills, debts or liabilities asserted as claims against the city, when funds on hand are adequate to pay such bills, debts or liabilities. The payment or disapproval of any bills, debts or liabilities not covered by a previous appropriation shall require confirmation of the governing body. (Ord. No. 97-10, Sec. 5.)

3.04.04 Sale or exchange of supplies, materials or equipment valued at less than $1,000.00 The Mayor, or his duly authorized representative, with prior approval of the City Council, may sell or exchange any municipal supplies, materials or equipment without competitive bidding if such supplies, materials or equipment have a market value of less than One Thousand Dollars ($1,000.00). No supplies, materials or equipment shall be sold without receiving competitive bids (unless advertised and sold at public auction) if the market value is One Thousand Dollars ($1,000.00) or more. (Ord. No. 97-10, Sec. 6.)

 

CHAPTER 3.08

FIXED ASSETS

Sections:

 

            3.08.01            Identified

            3.08.02            Criteria

            3.08.03            Accounting

            3.08.01 Identified All items, equipment, property, and things hereafter purchased or acquired by the city of Johnson, Arkansas, shall be evaluated by the Mayor, Recorder/Treasurer and Chief of Police, using the criteria hereinafter laid out and described to determine which items, equipment, property and things should be listed/identified as “fixed assets or equipment” and accounted for as provided in A.C.A. 14-59-107. (Ord. No. 2008-19, Sec. 1.)

            3.08.02 Criteria The criteria to be used in making the determination as to whether an item, piece of equipment, item of property or other thing acquired by the city of Johnson is a “fixed asset or equipment” shall be as follows:

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            A.        The cost or acquisition value exceeds $999.99;

            B.        The anticipated useful life of the item, equipment, property, or thing, and;

            C.        Other relevant city, county, state or federal laws or regulations in effect.

                        (Ord. No. 2008-19, Sec. 2.)

            3.08.03 Accounting Once a determination is made by two or more of the responsible officials of the city that the item, property or thing is a “fixed asset or equipment” then the Recorder/Treasurer shall properly account for the same in accordance with A.C.A. 14-59-107. (Ord. No. 2008-19, Sec. 3.)

CHAPTER 3.12

SALES AND USE TAX

Sections:

 

            3.12.01            City wide sales and use tax

3.12.01 City wide sales and use tax

A.        Under the authority of the Authorizing Legislation, there is hereby levied a one percent (1%) tax on the gross receipts from the sale at retail within the city of all items which are subject to the Arkansas Gross Receipts Tax Act of 1941 as amended (A.C.A. 26-52-101, et seq.) and the imposition of an excise (or use) tax on the storage, use or other consumption within the city of tangible personable property subject to the Arkansas Compensating Tax Act of 1949, as amended (A.C.A 26-53-101, et seq.), at a rate of one percent (1%) of the sale price of the properly or, in the case of leases or rentals, of the lease or rental price (collectively, the "Sales and Use Tax"). The Sales and Use Tax shall be levied and collected only on the first $2,500 for each single transaction. (Ord. No. 96-6, Sec. 1.)

           

B.        Under the authority of the authorizing legislation, there is hereby levied a one percent (1%) tax on the gross receipts from the sale at retail within the city of all items which are subject to the Arkansas Gross Receipts Act of 1941, as amended (A.C.A. 26-52-101, et seq.) and the imposition of an excise (or use) tax on the storage use, distribution or other consumption within the city of tangible personal

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property subject to the Arkansas Compensating Tax Act of 1949, as amended (A.C.A. 26-53-101) et seq.) at a rate of one percent (1%) of the sale price of the property or, in the case of leases or rentals, of the lease or rental price (collectively, the Sales and Use Tax). The Sales and Use Tax shall be levied and collected only on the first $2,500 for each single transaction. (Ord. No. 2005-6, Sec. 1.)

CHAPTER 3.16

SINGLE TRANSACTION

Sections:

 

            3.16.01            Definition

            3.16.01 Definition A “Single Transaction” is defined according to the nature of the goods

purchased as follows:

A.        When two or more devices in which, upon which or by which any person or property is, or may be, transported or drawn, including but not limited to on-road vehicles, whether required to be licensed or not, off-road vehicles, farm vehicles, airplanes, water vessels, or motor vehicles, or non-motorized vehicles, and mobile homes, are sold to a person by a seller, each individual unit, whether part of a “fleet” sale or not, shall be treated as a single transaction for the purpose of the Sales and Use Tax.

B.        The charges for utility services, which are subject to the Sales and Use Tax, and which are furnished on a continuous service basis, whether such services are paid daily, weekly, monthly, or annually for the purposes of the Sales and Use Tax, shall be computed in daily increments and each such daily charge increment shall be considered to be a single transaction for the purpose of the Sales and Use Tax.

C.        For sales of building materials and supplies to contractors, builders or other persons, a single transaction, for the purposes of the Sales and Use Tax, shall be deemed to be any single sale on which is reflected on a single invoice, receipt or statement, on which an aggregate sales (or use) tax figure has been reported and remitted to the state of Arkansas.

D.        When two or more items of major household appliances, commercial appliances, major equipment and machinery are sold each individual unit shall be treated as a single transaction for the purpose of the Sales and Use Tax.

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E.         For groceries, drug items, dry goods and other tangible personal property and/or services not otherwise expressly covered in this section, a single transaction shall be deemed to be any single sale which is reflected on a single invoice, receipt or statement, on which an aggregate sales tax figure has been reported and remitted to the state of Arkansas. (Ord. No. 2005-7, Sec. 7.)

 

CHAPTER 3.20

REAL AND PERSONAL PROPERTY TAX

Sections:

 

            3.20.01            Levied

            3.20.02            Certified

            3.20.03            Filed

            3.20.01 Levied A tax is hereby levied on the real and personal property within the city of Johnson, Arkansas, for the year 2010, to be collected in 2011, at the rate of 5.0 mills. (Ord. No. 2012-7, Sec. 1.)

Interested parties should contact the Recorder/Treasurer for ordinance or resolution effective for a particular year.

            3.20.02 Certified The real and personal property tax so levied and the rates provided therefore are hereby certified to the Clerk of Washington County, Arkansas, to be placed in the tax book by the County Clerk and collected in the same manner that the county and school district taxes are collected. (Ord. No. 2010-7, Sec. 2.)

            3.20.03 Filed The City Recorder/Treasurer is hereby authorized and directed to file certified copies of this ordinance in the office of the County Recorder, County Clerk, County Assessor, and the County Tax Collector for Washington County, Arkansas. (Ord. No. 2010-7, Sec. 3.)

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CHAPTER 3.24

PROJECT PLAN

Sections:

            3.24.01            Approved

            3.24.02            Data

            3.24.01 Approved The Project Plan, including a plan for tax increment financing, attached hereto as Exhibit A is hereby approved and adopted as the Project Plan for the district pursuant to A.C.A. 14-168-306. (Ord. No. 2008-5, Sec. 1.)

            3.24.02 Data Pursuant to A.C.A. 14-168-306, the city hereby finds the Project Plan is economically feasible based on the information and data contained in the Project Plan. (Ord. No. 2008-5, Sec. 2.)

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