Sec. 1.
Finance director.
The city manager shall, with approval of the council, appoint an officer
who shall have the title of finance director, who shall be responsible to the city
manager, and who shall receive and have custody of all the money of the city, and shall
keep and save said money, and dispense with the same only as provided by resolution or
ordinance of the council, and who shall be bound by the constitution and laws of the
state, charter of the city, and resolutions and ordinances, and upon whom legal
garnishments may be served.
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Sec. 2.
Fiscal.
The powers of the city concerning budget, taxation, financial and fiscal
powers shall be limited only by the provisions of the constitution and laws of the state
and this charter.
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Sec.
3. Taxing powers.
A. The council shall have the power to levy and collect ad valorem
and excise taxes as provided by this section, including, but not limited to, a transaction
privilege tax, a use tax, and a business license tax, and all other taxes not prohibited
by federal or Arizona constitution or laws.
B. The Council shall not increase the rate of the transaction
privilege tax imposed by the City, unless the increase in rate is approved by a majority
of the qualified electors of the city voting in a regular or special election.
C. The Council may impose taxes for any or all of the following
purposes:
(1) To pay the interest and maintain the sinking fund of the bonded
indebtedness of the city;
(2) For the establishment and support of free public libraries and for the
construction and maintenance of public buildings;
(3) For advertising and promoting the advantages of the city;
(4) To create a reserve fund for replacement of equipment, for the
furnishing of city services and the maintenance of all municipally-owned and operated
utilities;
(5) For the general expenses incurred in the operation of city government;
(6) For local public improvements; and
(7) For any other lawful municipal purpose.
The enumeration herein of the types of taxes and the purposes for which
such taxes may be levied and collected shall not be deemed to limit in any way the taxing
powers of the city.
(Approved by voters on 3-19-93; Approved by Governor on 6-28-93)
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Sec. 4.
Claims against the city.
The city council shall prescribe the manner in which claims against the
city shall be presented, audited and paid, including the time period in which such claims,
including negligence claims, may be submitted to the city.
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Sec.
5. Cash basis fund; transfer of sums from cash basis fund to other funds.
A. The council may create and maintain a permanent revolving fund to
be known as the cash basis fund, for the purpose of putting the payment of the running
expenses of the city on a cash basis. For this purpose, the council may provide that from
the money collected from the annual property tax levy, and from the money received from
other sources, a sum equal to not less than two and one-half cents ($0.025) on each one
hundred dollars ($100.00) of the assessed value of said property may be placed in such
fund until the accumulated amount of such fund shall be sufficient to meet all legal
demands against the treasury for the first four (4) months or other necessary period of
the succeeding fiscal year.
B. The council shall have power to transfer from the cash basis fund
to any other fund or funds such sum or sums as may be required for the purpose of placing
such fund or funds, as nearly as possible, on a cash basis. It shall be the duty of the
council to provide that all monies so transferred from the cash basis fund shall be
returned thereto before the end of the fiscal year.
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Sec.
6. Depositories transfer and investment of city funds.
Whenever there shall not be sufficient monies, in any of the interest
funds for the bonded indebtedness of the city to pay the interest on such bonded
indebtedness when due, the council shall direct the transfer from the general or any other
fund having monies therein to such interest funds the necessary amounts of money to pay
the interest on said bonded indebtedness, and the amount so transferred shall be returned
to the respective funds from which such transfer was made whenever sufficient monies shall
accrue in said bonded indebtedness funds, from the regular tax levied therefor.
The council may cause city monies to be deposited or invested in any
depository or other investment so long as such deposit or investment is not contrary to
the laws of the state.
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Sec. 7. Independent audit and review.
Prior to the end of each fiscal year, the council shall designate
qualified public accountants who, as of the end of the fiscal year, shall make an
independent audit of accounts and other evidences of financial transactions of the city
government and shall submit their report to the council and to the city manager. Such
accountants shall have no personal interest, direct or indirect, in the fiscal affairs of
the city government or of any of its officers. They shall not maintain any accounts or
records of the city business, but, within specifications approved by the council, shall
post-audit the books and documents kept by the city and any separate or subordinate
accounts kept by any other office, department or agency of the city government.
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Sec. 8. Expenditures.
Not withstanding any other provision of the charter of the city of Peoria,
the city shall not:
Expend public funds, incur debt, or grant concessions of taxes or fees, or
transfer city property in aid thereof, in excess of $500,000 for the construction, or to
aid in the construction of any arena, stadium, convention facility, sports complex, or
city office building, without approval of the majority of the voters voting at the next
city general or special election.
(Approved by voters on 3-14-95; approved by Governor on 6-28-95)
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