Agenda - Council Work Session - 11/10/2025

Home

(1) Annual MSA allotments; and (2) Interest earnings on the MSA Fund from the distribution of pooled interest earnings. (c) Expenditures shall consist of the following uses: (1) For the annual payment of debt principal and interest for State -Aid street projects that were financed with General Obligation debt.- ;and (2) Transfers to the General Fund annually to cover budgeted general maintenance to state -aid designated streets. This amount will be determined annually during the budget process; and (3) Costs associated with municipal state -aid improvement projects as detailed in the annual Capital Improvement Program or as approved by the City Council. d) This fund is not eligible to make loans to other City Funds. 2. Public Improvement Revolving Fund (PIR). (Fund 9400): (a) The PIR Fund shall be used to account for revenues and expenditures in conjunction with the City's share of the annual Street Maintenance Program. (b) Funding shall consist of the following sources: (1) Excess debt service funds from retired bonds; and (2)(1) Interest earnings on the PIR Fund from the distribution of pooled interest earnings. (3) (2) Transfers from the General Fund at year-end for excess General Fund Revenue as outlined in the Excess/Deficient General Fund Revenue Policy (f16 05 089) (#24-331). (c) Expenditures shall consist of the following uses: (1) Transfers to the General Fund to provide a revenue source for the annual Street Maintenance Programand (2) Funding for public improvements as outlined in the city's Capital Improvement Program or as authorized by the City Council; and (-2)(3) Transfers to the General Fund at year end for deficient General Fund Revenue as outlined in the Excess/Deficient General Fund Revenue Policy (#16 05 089) (#24- 331). (d) This fund is eligible for inter -fund loans. 3. Annual Improvement Funds. (a) The City shall maintain one Annual Improvement Fund with individual fund activities created by staff on an as needed basis. Each set of projects financed by a particular revenue source or bond issue shall be treated as a separate fund activity under one main Annual Improvement Fund. All assets, liabilities, fund equity, payments and revenues shall be maintained as separate accounts for each activity. (b) This fund is not eligible for inter -fund loans. As each individual fund activity (for a set group of improvement projects) is closed, the remaining fund equity shall be transferred to the corresponding Debt Service Fund. 4. Public Facilities Construction Fund. (Fund 9412) Page 7 of 14