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(c) <br /> (1) <br /> <br />(3) <br /> <br />d) <br /> <br />(a) <br /> <br />(b) <br /> (1) <br /> (2) <br /> <br />(c) <br /> (1) <br /> <br />(d) <br /> <br /> (e) <br /> <br />3. <br /> (a) <br /> <br />(b) <br /> <br />Expenditures shall consist of the following uses: <br />Transfers to the Landfill Expendable Trust Fund, ending in 1996, t o repay State- <br />Aid bonds issued in 1991; and <br />Transfers to the General Fund annually to cover budgeted general maintenance to <br />state-aid designated streets. This amount will be determined annually during the <br />budget process; and <br />Costs associated with municipal state-aid improvement projects as detailed in the <br />annual Capital Improvement Program or as approved by the City Council. <br /> <br />This fund is not eligible to make loans to other City Funds. <br /> <br />Public Improvement Revolving Fund (PIR). <br />The PIR Fund shall be used to account for revenues and expenditures in <br />conjunction with the City's share of the annual Street Maintenance Program. <br /> <br />Funding shall consist of the following sources: <br />Excess debt service funds from retired bonds; and <br />Interest earnings on the PIR Fund from the distribution <br />earnings. <br /> <br />of pooled interest <br /> <br />Expenditures shall consist of the following uses: <br />Transfers to the General Fund to provide a revenue source for the annual Street <br />Maintenance Program. At no time shall this amount be greater than the annual <br />interest earnings available to the PIR Fund. <br /> <br />Fund balance shall be increased to and maintained at a level adequate to ensure <br />future funding of not less than fifty percent (50%) of the City's share of the annual <br />Street Maintenance Program through interest earnings. <br /> <br />This fund is eligible for inter-fund loans. <br /> <br />Annual Improvement Funds. <br />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 /> <br />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 /> <br />4. Park Improvement Revolving Fund. <br /> (a) The Park Improvement Revolving Fund shall be used to account for park <br /> acquisition and improvements as detailed in the annual Capital Improvement <br /> Program. <br /> <br />(b) This fund is eligible for inter-fund loans. <br /> <br />Page 7 of 13 <br /> <br /> <br />