(a)   A majority of the electors voting thereon having approved, at a special question election held on the 6th day of April 1993, the levying of a retailers’ sales tax in the City of Mound City, as authorized by K.S.A. 12-187 et seq., as amended, there is hereby levied a city retailers’ sales tax in the amount of one percent (1%) to take effect on the first day of July 1993.

(b)   Except as may otherwise be provided by law, such tax shall be identical in its application and exemptions therefrom to the Kansas Retailers’ Sales Tax Act and all laws and administrative rules and regulations of the Kansas Department of Revenue relating to the state retailers’ sales tax shall apply to such city retailers’ sales tax insofar as such laws and regulations may be made applicable. The services of the Department of Revenue shall be utilized to administer, enforce and collect such tax.

(Ord. 460; Code 2024)

(a)   In accordance with the provisions of K.S.A. 12-1,117 there is hereby established a municipal equipment reserve fund, which shall be used by the City Services of the City. Moneys may be budgeted and transferred to such fund from any source which may be lawfully utilized for such purposes, including equipment use charges on the various departments and agencies of the City to finance new and replacement equipment. The word “equipment” shall mean machinery, vehicles and other equipment or personal property including, but not limited to, computer hardware and software, which the City is authorized to purchase for municipal purposes.

(b)   Moneys in the equipment reserve fund shall be invested in accordance with the provisions of K.S.A. 10-131 and amendments thereto, with the interest earnings credited to that fund.

(Ord. 575; Code 2024)