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(b) <br /> (1) <br /> (2) <br /> (3) <br /> <br />(4) <br /> <br />(c) <br /> (1) <br /> <br />(d) <br /> <br /> (e) <br /> <br />3, <br /> (a) <br /> <br />(b) <br /> <br /> (b) <br /> <br />5. <br /> (a) <br /> <br /> (b) <br /> <br />6. <br /> (a) <br /> <br />Funding shall consist of the following sources: <br />Excess debt service funds from retired bonds; and <br />Residual equity transfer from closure of the Administrative Trust Fund; and <br />Annual interest earnings (past and future) earned on tax increments in the tax <br />increment financing districts until the termination of such districts; and <br />Interest earnings on the PIR Fund from the distribution of pooled interest <br />earnings. <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 <br />a particular revenue source or bond issue shall be treated as a separate fund <br />activity under one main Annual Improvement Fund. All assets, liabilities, fund <br />equity, payments and revenues shall be maintained as separate accounts for each <br />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 />Park Improvement Revolving Fund. <br />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 />This fund is eligible for inter-fund loans. <br /> <br />Public Facilities Construction Fund. <br />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 /> <br />This fund is eligible for inter-fund loans. <br /> <br />Section 22 Drainage District Fund. <br />The Section 22 Drainage District Fund shall be used to account for storm sewer <br />drainage projects within the Special District established in accordance with MS <br />Section 444.20. <br /> <br />(b) This fund is eligible for inter-fund loans. <br /> <br />Page 7 of 12 <br /> <br /> <br />