Agenda - Council Work Session - 04/26/2016

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Revenue as outlined in the Excess/Deficient General Fund Revenue Policy (#11-11-217). (c) Expenditures shall consist of the following uses: (1) Transfers to the General Fund at year end for deficient General Fund Revenue as outlined in the Excess/Deficient General Fund Revenue Policy (#11-11-217); and (2) Costs associated the acquisition of park land and construction of park improvements as detailed in the annual Capital Improvement Program or as approved by the City Council. (b) This fund is eligible for inter -fund loans. 8. Landfill Fund. (Fund 9803) (a) The Landfill E pendable Trust Fund wa @hall be used to account for royalty receipts received from landfill monthly gross revenues and the disposition of those receipts. (b) Funding shall consist of the following sources: (1) Interest earnings on the Landfill Expendable Trust Fund from the distribution of pooled interest earnings. (c) Expenditures shall consist of the following uses: (1) Payment of any legal costs related to the landfill closure and post closure; and (2) Transfers to the lki..r kkprovement Revolving Fund, of ai aival baio, in a� amount not to exceed the interest available in the Landfill Expendable Trust Fund and as detailed in the ammual Vital kkprovement Pro= ro defined by City Council; and (1) Transfers to other non -operating City funds to offset, retire or avoid future debt. Thio amount, when combined with the above transfers and paymento, ohall met exceed the amount of interest earnings available to the Landfill Expendable Trust mod; and (2) Any capital expenditures (non -operating) that would utilize prinapal aid are approved by a four fifths vote of the City Council are outlined in the annual Capital Improvement Plan and authorized by City Council; and (3) Any loans or transfers for other than capital expenditures shall be authorized only if the City Council declares an emergency situation to exist. (d) Fund balance ohall be increased to and maintained at $2,750,000 or a level that will provide for interest earnings adequate to support expenditures as detailed in the aival vital kkprovement Program combined with transfers to other non operating City funds. (e) This fund is eligible for inter -fund loans. However, only forty percent (1 0%) of the prinapal bakauso ohall be used as a source of interest free inter fund loans and Any loan or transfer of principal from the Landfill Expendable Trust Fund shall be approved by a four fifths vote of the City Council. 9. Trott Brook Cemetery. (Fund 9820) Page 10 of 14