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10. Equipment Revolving Fund. <br /> (a) The Equipment Revolving Fund shall be used to account for resources to finance <br /> the replacement/addition of City equipment, vehicles and/or buildings and <br /> facilities. <br /> <br />(b) <br /> (1) <br /> <br /> Funding shall consist of the following sources: <br /> Transfers from the Landfill Tipping Fee Fund of seventy-five percent (75%) of <br /> tipping fees received during the life of the Anoka Regional Sanitary Landfill; and <br /> (2) Transfers from non-proprietary fund types in the amount of the annual <br /> depreciation to be held and invested in order to provide funds for the replacement <br /> of equipment, vehicles, and/or buildings and facilities; and <br />(3) Interest earnings on the Equipment Revolving Fund from the distribution <br /> of pooled interest earnings; and <br />(4) Transfers from the General Fund at year-end for excess General Fund Revenue <br /> as outlined in the Excess/Deficient General Fund Revenue Policy (#94-02-045). <br /> <br />(c) <br /> (1) <br /> <br />(d) <br /> <br /> (e) <br /> <br />11. <br /> (a) <br /> <br /> Expenditures shall consist of the following uses: <br /> Transfers to non-proprietary fund types for costs associated with the replacement <br /> of equipment, vehicles, and/or buildings and facilities in an amount not to exceed <br /> the lesser of seventy-five percent (75%) of the replacement cost or one hundred <br /> percent (100%) of the depreciated value; and <br />(2) Transfers to non-proprietary fund types for costs associated with the purchase of <br /> non-replacement equipment, vehicles, and/or buildings and facilities in an <br /> amount not to exceed fifty percent of remaining cumulative interest earnings and <br /> General Fund Excess Revenue transfers unless authorized by 2/3 majority vote of <br /> City Council. Remaining cumulative interest earnings and General Fund Excess <br /> Revenue transfer will be that balance that remains after all authorized non- <br /> replacement equipment purchases have been accounted for; and <br />(3) Transfers to the General Fund at year end for deficient General Fund Revenue as <br /> outlined in the Excess/Deficient General Fund Revenue Policy (#94-02-045); and <br />(4) Transfers to the General Fund for unscheduled, unbudgeted, maintenance <br /> repair, whereas such cost exceeds $10,000 and Council declares that an <br /> emergency situation has occurred. <br /> <br />Fund Balance shall be increased and maintained at a minimum level equal to one <br />hundred percent (100%) of the total accumulated depreciated cost of all <br />equipment, vehicles, and/or buildings and facilities in the Equipment Revolving <br />Fund. <br /> <br />This fund is eligible for inter-fund loans. <br /> <br />Storm Water Management Fund <br />The Stom~ Water Management Fund shall be used to account for contributions <br />from developers to recoup expenses and finance storm water projects that have <br />been, or will be done, to allow additional development to occur. <br /> <br />(b) Funding shall consist of the following sources: (1) Developer's Contributions; and <br /> (2) Interest Earnings on the Storm Water Management Fund from the distribution of <br /> pooled interest earnings. <br /> <br />Page 5 of 12 <br /> <br /> <br />