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(a) The City shall maintain one Annual Improvement Fund with individual fund <br />activities created by staff on an as needed basis. Each set of projects financed by a <br />particular revenue source or bond issue shall be treated as a separate fund activity <br />under one main Annual Improvement Fund. All assets, liabilities, fund equity, <br />payments and revenues shall be maintained as separate accounts for each activity. <br />(b) This fund is not eligible for inter -fund loans. As each individual fund activity (for <br />a set group of improvement projects) is closed, the remaining fund equity shall be <br />transferred to the corresponding Debt Service Fund. <br />1. Pa .No longer utilized) <br />— (a) Tho 'Nark kprovement Revolving Fund chill be used to account for pu± <br />acquisition and improvements as detailed in tho annual Capital kprovement <br />Program. <br />— (b) Thio fund is eligible for inter fund loans. <br />4. Public Facilities Construction Fund (Fund 9412). <br />(a) The Public Facilities Construction Fund shall be used to account for resources to <br />be used for acquisition of land and construction for public facilities. <br />(b) Funding shall consist of the following sources: <br />(1) Interest earnings on the PIR Fund from the distribution of pooled interest <br />earnings. <br />(2) Transfers from the General Fund at year-end for excess General Fund Revenue <br />as outlined in the Excess/Deficient General Fund Revenue Policy (#11-11-217). <br />(Resolution # will be amended with new # after amendment of policy). <br />(c) Expenditures shall consist of the following uses: <br />(1) Transfers to the General Fund at year end for deficient General Fund Revenue as <br />outlined in the Excess/Deficient General Fund Revenue Policy (#11-11-217) <br />(Resolution # amended with new # after amendment of policy); and <br />(2) Costs associated the acquisition of land and construction of public facilities as <br />detailed in the annual Capital Improvement Program or as approved by the City <br />Council. <br />(d) This fund is eligible for inter -fund loans. <br />(a) <br />Ru <br />Tha Rum Pre Dmirxage District Fund ohall be used to account for storm sewer <br />drainage projects within the speaa1 Diotrict established in accordance with MS <br />Sec-tim 111.2-0, <br />fib) Thio fund is eligible for inter fund loans. <br />7. 11/1 ' sis b . <br />Page 8 of 14 <br />