HomeMy WebLinkAboutItem #38 - First Reading OrdinanceORDINANCE NO.
AN ORDINANCE ESTABLISHING A NEW TRUST AND AGENCY FUND
ENTITLED "SALES TAX COLLECTIONS FY1851', FOR THE PURPOSE OF
RECEIVING AND DISBURSING IN A FIDUCIARY CAPACITY ALL MONIES
THE CITY COLLECTS AS SALES TAX FOR RENTAL OF CITY
FACILITIES, TO RECORD AS REVENUE THE ADMINISTRATIVE SERVICE
FEE (3% ON ALL SALES TAX COLLECTIONS) IN THE AMOUNT OF
$15,000 THAT THE CITY IS PAID FOR TRANSFERRING SAID SALES
TAX COLLECTION TO THE STATE, AND TRANSFERRING SAME TO THE
GENERAL FUND AS CURRENT REVENUE; CONTAINING A REPEALER
PROVISION AND A SEVERABILITY CLAUSE.
WHEREAS, the City of Miami collects sales tax for rental of City
facilities; and
WHEREAS, said sales tax under State law must be distributed to the State of
Florida; and
WHEREAS, the State of Florida allows the City of Miami to keep an
administrative service fee (3% on all Sales Tax CollectiorAl to act as a
fiduciary for said sales taxes; and
WHEREAS, the administrative service fee fork FY;85%§s
$15,000; and
WHEREAS, said $15,000 is revenue to the Gener el -
NOW, THEREFORE, BE TT A^^ j� &
FLORIDA:
Sec;
resources
Fund
Resou
Approp
Sectioi
receiving an
sales tax foM1
service fee in 1
sale tax of I
S ion
incon s nt or
repealed
ted to be
OF MIAMI,
ished and
urpose
..,,„hies the City collects as
�Y-,q Tacilities, to record as revenue the administrative
mnt of $15,000 that the City is paid for transferring said
on to the State and transferring same to the General Fund.
All ordinances or parts of ordinances insofar as they are
in conflict with the provisions of this ordinance are hereby
Section 4. If any section, part of section, paragraph, clause, phrase or
word of this ordinance shall be held
this ordinance shall not be affected. CITY COMMISSION
MEETING OF
DEC 13
010NAn4c no......,.. .e...,..
?M ItE11DIN6 ...............,.,......