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6. Pavement Management Fund. (Fund 9435) <br />(a) This fund shall be used to account for the resources to be used for street <br />reconstructions and overlays per the City's Pavement Management Program and as <br />outlined in the city's ten-year Capital Improvement Program. <br />(b) Funding shall consist of the following sources: <br />(1) Annual property tax levy; and <br />(2) Interest earnings on the Pavement Management Fund from the distribution of <br />pooled interest earnings. <br />(c) Expenditures shall consist of the following uses: <br />(1) For the annual payment of debt principal and interest for street reconstructions and <br />overlays that were financed with General Obligation debt; and <br />(2) Costs associated with street reconstruction and overlay projects as directed by the <br />city's Pavement Management Program and as detailed in the annual Capital <br />Improvement Program or as approved by the City Council. <br />(b) This fund is eligible for inter -fund loans. <br />7. Park Improvement Fund. (Fund 9805) <br />(a) The Park Improvement 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 />(b) Funding shall consist of the following sources: <br />(1) Park Dedication fees as outlined in respective development agreements <br />(2) Donations; and <br />(3) Interest earnings on the Park Improvement Fund from the distribution of <br />pooled interest earnings. <br />(c) <br />Expenditures shall consist of the following uses: <br />(1) Costs associated with the acquisition of park land and construction of park <br />improvements as detailed in the annual Capital Improvement Program or as <br />approved by the City Council. <br />(f) This fund is eligible for inter -fund loans. <br />L <br />—(a) Funding ahall oona'k t of the following sources: <br />(1) Interact 3x4rting3 on the Landfill Fund from the distribution of r331cd interest <br />earnings. <br />—(b) E pendituro�ia 11 consist of the following uses: <br />—(1) Tm-fers to other non opernt ng City funds to offset, nvr or avoid future debt; <br />and <br />Page 9 of 14 <br />