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2025-061
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Last modified
10/13/2025 12:21:41 PM
Creation date
10/13/2025 12:18:40 PM
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Resolutions
Resolution Number
2025-061
Approved Date
10/07/2025
Agenda Item Number
14.C
Resolution Type
Authorizing the Sale of Recenue Bonds
Entity Name
Sandridge Golf Club
Subject
Authorizing Capital Revenue Bonds for the Sandridge Golf Club new clubhouse.
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Fines and Forfeits <br />Fines and forfeits reflect those penalties and fines imposed for the commission of <br />statutory offenses, violation of lawful administrative rules and regulations, and for neglect <br />of official duty. Forfeits include revenues resulting from parking and court fines. <br />Fines and forfeits received by the County that are deposited into the General Fund <br />may generally be used for any lawful purpose although some may be restricted for certain <br />purposes. <br />Interest <br />This category includes interest earned on County investments. Interest earned on <br />County investments that is deposited into the General Fund may generally be used for any <br />lawful purpose although some may be restricted for certain purposes. <br />Miscellaneous Revenues <br />This category includes a variety of revenues including: <br />(i) Rents and royalties; <br />(ii) Disposition of fixed assets; <br />(iii) Contributions and donations; <br />(iv) Insurance proceeds; and <br />(v) Other miscellaneous revenue. <br />Miscellaneous revenues received by the County that are deposited into the General <br />Fund may generally be used for any lawful purpose although some may be restricted for <br />certain purposes. <br />Non -Governmental Funds <br />As noted previously, all of the County's funds may be divided into three categories: <br />governmental, proprietary and fiduciary funds. The foregoing discussion of various Non - <br />Ad Valorem Revenues reflected only those that are accounted for within the County's <br />governmental funds, primarily the General Fund. Those deposited to the governmental <br />funds represent the Non -Ad Valorem Revenues, subject to the limitations described above, <br />that should be available to pay all or a portion of the debt service on the Series 2025 Bonds. <br />The County's proprietary funds include the Solid Waste Disposal District Fund, Golf <br />Course Fund, County Utilities Fund, County Building Fund and other enterprise funds. <br />The fiduciary funds are used to account for resources held for the benefit of parties outside <br />of the County government and are not legally available to pay debt service on the Series <br />2025 Bonds. OTHER THAN THE REVENUES ACCOUNTED FOR IN THE GOLF <br />COURSE FUND, NONE OF THE REVENUES ACCOUNTED FOR IN THE <br />33 <br />
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