Agenda - Council - 05/25/2004 - Laserfiche WebLink

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(4) (o) (1) (d) (e) 3. (a) (b) e (a) (b) 5. (a) (b) 6. Interest earnings on the PIR Fund from the distribution of pooled interest earnings. Expenditures shall consist of the following uses: Transfers to the General Fund to provide a revenue source for the annual Street Maintenance Program. At no time shall this amount be greater than the annual interest earnings available to the PIR Fund. Fund balance shall be increased to and maintained at a level adequate to ensure future funding of not less than fifty percent (50%) of the City's share of the annual Street Maintenance Program through interest earnings. This fund is eligible for inter-fund loans. Annual Improvement Funds. The. City shall maintain one Annual Improvement Fund with individual fund activities created by staff on an as needed basis. Each set of projects financed by a particular revenue source or bond issue shall be treated as a separate fund activity under one main Annual Improvement Fund. All assets, liabilities, fund equity, payments and revenues shall be maintained as separate accounts for each activity. This fund is not eligible for inter-fund loans. As each individual fund activity (for a set group of improvement projects) is closed, the remaining fund equity shall be transferred to the corresponding Debt Service Fund. Park Improvement Revolving Fund. The Park Improvement Revolving Fund shall be used to account for park acquisition and improvements as detailed in the annual Capital Improvement Program. This fund is eligible for inter-fund loans. Public Facilities Construction Fund. The Public Facilities Construction Fund shall be used to account for resources to be used for acquisition of land and construction for public facilities. This fund is eligible for inter-fund loans. Drainage ........ Fund. tm/. Page 8 of 13