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I <br />I <br />I <br />i <br />I <br />! <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br /> <br />Funds <br /> <br />Printed 12728/90 <br /> <br />§ 3.40 <br /> <br />2. Park improvement fi,nd. <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 f,,ncL <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 /> eligible for inter-fund loans. <br /> <br />4. Equipment revolving <br /> The Equipment Revolving Fund shall be used to finance <br /> replacement of City equipment and/or vehicles. Annual]y <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 Revolving Fund is eligible for inter-fund loans to <br /> and from any other fund. -- <br /> <br /> The Administrative Trust Fund shall be used to account for a <br /> surcharge levied against each special assessment to finance <br /> the administrative costs that are generated in the General <br /> Fund in maintaining the special assessments. Each year a <br /> portion of the balance in this fund will be transferred to the <br /> General Fund to cover these' costs. The Aaministrative Trust <br /> Fund is eligible for inter-fund loans to and from other funds. <br />6. Inves~:ment trust f,m d. <br /> The Investment Trust Fund shall be an interim fund only <br /> used to account for and 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 eligible for inter-fund loan. <br /> <br />Nonexpendable trust f, mds. 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 with 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 />1. 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 />Page 43 <br /> <br /> <br />