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Funds a.4o <br /> <br />2. Park improvement fund_ <br /> The Park improvement. Fund shall be used to account for all <br /> park dedication fees and miscellaneous revenue to assist in <br /> financing park improvements. The Park Improvement <br /> Fund is eligible for inter-fund loans to and from any other <br /> fund. <br /> <br />3. Escrow fund_ <br /> The Escrow Fund shall be used to account for monies held <br /> for specific purposes, such as platting deposit for <br /> professional fees, performance bond deposits and any other <br /> miscellaneous escrow deposits, The Escrow Fund is not <br /> eli~ble for inter-fund loans. <br /> <br />4. Equipment revolving fund_ <br /> The Equipment Revolving Fund shall be used to finance <br /> replacement of City equipment and/or vehicles, Annually <br /> the General Fund will transfer a contribution to this fund to <br /> be held and invested in order to assist in providing funds for <br /> the replacement of equipment and/or vehicles. The <br /> Equipment RevoRdng Fund is eli~dble for inter-fund loans to <br /> and from an5' other fund. <br /> <br />5. Admlni~frafive trust fired. <br /> The Administrative Trust Fund shall be used to account for a <br /> surcharge levied against each spedal assessment, to finance <br /> the administrative costs that are generated in the General <br /> Fumd in maintaining the special assessments, Each year a <br /> portion of the balance in this fund ~411 be transferred to the <br /> Genera2 Fund to cover these: costs. The Administrative Trust <br /> Fund is eli~bte for inter-fund loans to and from other funds. <br /> <br />6. Investment trust fired_ <br /> The Investment Trust Fund shall be an interim fund only <br /> used to account for smd distribute earned interest to the <br /> various City funds. This fund is closed each year prior to <br /> issuance of the annual financial statements and has no <br /> budget because of its temporary nature. The investment <br /> Trust Fund is not eli~ble for inter-fund loan. <br /> <br />Nonexpendable trust fnnds. Nonexpendable Trust Funds are <br />funds whose principal must be preserved intact. These funds are <br />intended to account for the principal portion of an endowment <br />provided to the City by private donors ~dth the stipulation that the <br />principal be preserved intact. There is no need for the <br />establishment of a fund(s) under this classification. <br /> <br /> Pension Trust Funds. <br /> Pension Trust Funds shall .be used to account for City <br /> operated public employee retirement systems. There is no <br /> <br />Printed !~28/90 <br /> <br />Page 43 <br /> <br /> <br />