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(d) <br /> <br />(e) <br /> <br />(a) <br /> <br />(b) <br /> <br />(a) i <br /> <br />(b) , <br /> <br />(2) I <br /> <br />(cid <br /> <br />(ct) <br /> <br />(e) <br /> <br />Fund balance shall be increased to and maintained at $2,750,000 or a level that will <br />provide for interest earnings adequate to support expenditures as detailed in the <br />annual Capital Improvement Program combined with transfers to other non- <br />operating City funds. <br /> <br />This fund is eligible for inter-fund loans. However, only forty percent (40%) of <br />the principal balance shall be used as a source of interest free inter-fund loans and <br />any loan or transfer of principal from the Landfill Expendable Trust Fund shall be <br />approved by a four-fifths vote of the City Council. <br /> <br />Park Improvement Trust Fund. <br />The Park Improvement Trust Fund shall be used to account for all cash and park <br />dedication fees and miscellaneous revenues to be used for future land acquisition <br />and park improvements. <br /> <br />This fundis eligible forinter-fundloans. <br /> <br />Escrow Fund. <br />The Escrow Fund shall be used to account for monies held for specific purposes <br />from developers, contractors, builders, residents or the like. This fund shall be <br />non-interest bearing. <br /> <br />This fundisnoteligibleforinter-fundloans. <br /> <br />Equipment Revolving Fund. <br />The Equipment Revolving Fund shall be used to account for resources to finance <br />the replacement of City equipment, vehicles and/or buildings and facilities. <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 />Transfers from non-proprietary fund types in the amount of the annual depreciation <br />to be held and invested in order to provide funds for the replacement of equipment, <br />vehicles, and/or buildings and facilities; and <br />Interest earnings on the Equipment Revolving Fund from the distribution of pooled <br />interest earnings. <br /> <br />Expenditures shall consist of the following uses: <br />Transfers to non-proprietary fund types for costs associated with the replacement of <br />equipment, vehicles, and/or buildings and facilities in an amount not to exceed the <br />lesser of seventy-five percent (75%) of the replacement cost or one hundred percent <br />(100%) of the depreciated value. <br /> <br />Fund Balance shall be increased and maintained at a minimum level equal to one <br />hundred percent (100%) of the original cost of all equipment, vehicles, and/or <br />buildings and facilities in the Equipment Revolving Fund. <br /> <br />This fund iseligibleforinter-fundloans. <br /> <br />Page 8 of 10 <br /> <br /> <br />