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3.40 Ci~, Funds <br /> <br />need for the establishment of a fund(s) under this <br />classification. <br /> <br />Agenc?' Funds. <br />Agency Funds shall be custodial funds (assets equal <br />liabilities) and do not invo]ve measurement of results of <br />operations. Agency funds are mere]>' clearing accounts and <br />have no fund equity. There is no need for the establishment <br />of a fund(s) under this classification. <br /> <br />Interfund loans. Loans are transfers of equity from one fund to <br />another with the intention of repayment. All inter-fund loans <br />shall be approved by Council resolution. The resolution shall <br />state the amount of the loans, the interest rate and the repayment <br />period. <br /> <br />Fund abolishment. No Fund created by this chapter ma>' be <br />abolished except by a proper]>, enacted Ordinance. <br /> <br />Note <br /> <br /> Established by Ordinance 84-13, <br />1984. <br /> <br />October 23, <br /> <br /> Ord. 85-4 amendment to add 3.40.02 Subd. 1, <br />~-~aragraph b3 establishing the Landfill <br /> Tipping Fee Fund. <br /> <br /> <br />