Agenda - Council Work Session - 11/10/2025

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Any capital expenditures (non arc at g)-tlifft pro outlined in tho ;manual Capital Improvement Plan and authorized by City Conoi1; and Any loans z tr infers for othx than capital cz-epon€h*ei a Shall authiTized only if the City Council declaraa an ;riwigency situation to exist. This fund is eligible for inter fund loans. Any loan or transfer of vincipa1 from the Landfill Fund shall be approvod by vac of the City Council. 8. Equipment Revolving Fund. (Fund 9234) (a) The Equipment Revolving Fund shall be used to account for resources to finance the replacement/addition of City equipment, vehicles and/or buildings and facilities. (b) Funding shall consist of the following sources: (1) Interest earnings on the Equipment Revolving Fund from the distribution of pooled interest earnings; and (2) Transfers from the General Fund at year-end for excess General Fund Revenue as outlined in the Excess/Deficient General Fund Revenue Policy (#24-331). (c) Expenditures shall consist of the following uses: (4) Transfers to the General Fund to provide funding for annual capital equipment purchases as outlined in the ten-year Capital Improvement Plan and the annual General Fund Budget and authorized by majority vote of City Council; and (5) Transfers to the General Fund at year end for deficient General Fund Revenue as outlined in the Excess/Deficient General Fund Revenue Policy (#24-331); and (6) Transfers to the General Fund for unscheduled, unbudgeted, maintenance repair, whereas such cost exceeds $10,000 and Council declares that an emergency situation has occurred. (d) This fund is eligible for inter -fund loans. 9. Trott Brook Cemetery. (Fund 9820) (a) The Trott Brook Cemetery Fund will be used to account for perpetual care fees collected on the sale of cemetery plots in Trott Brook Cemetery. 10. Capital Maintenance Fund. (Fund 9810) (a) The Capital Maintenance Fund will be used to defray the cost of maintaining park improvements, public facility improvements or any other capital item that has immediate maintenance needs, but was not budgeted for in the annual General Fund operating budget. (b) Funding shall consist of the following uses: (1) Donations; and (2) Transfers from the General Fund at year-end for excess General Fund Revenue as outlined in the Excess/Deficient General Fund Revenue Policy (#16 05 089 (#24-331); and (3) (3) Interest Earnings from pooled interest earnings. (c) Expenditures shall consist of the following uses: (1) Non -Annual Operating Improvements not included in the annual adopted General Fund Budget; and Page 10 of 14