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~IBIT 2 (cont) <br /> <br />Public Facilities Construction Fund: <br /> <br />(a) <br /> <br />The Public Facilities Construction Fund shall be used to account for resources to be used <br />for acquisition of land and construction for public facilities. <br /> <br />Included in the 1998 budget is funding from the Public Facilities Construction Fund in the <br />amount of $12, 300 to rehab the electrical and doors in the metal building at the public works <br />facility. <br /> <br />General Fund: <br /> <br />The General Fund is the general operating fund of the City. It shall be used to account for all <br />financial resources except those required to be accounted for in another fund. <br /> .. <br />The balance of the I998 capital outlay purchases is funded through the General fund and total <br />$253,960. Of this total, $49,216 is for the first-year depreciation on the 1998 capital outlay <br />purchases. <br /> <br /> <br />