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(2) Transfers to the General Fund annually to cover budgeted general maintenance to <br />state -aid designated streets. This amount will be determined annually during the <br />budget process; and <br />(3) Costs associated with municipal state -aid improvement projects as detailed in the <br />annual Capital Improvement Program or as approved by the City Council. <br />d) This fund is not eligible to make loans to other city funds. <br />2. Public Improvement Revolving Fund (PIR) (Fund 9400) <br />(a) The PIR Fund shall be used to account for revenues and expenditures in conjunction <br />with the City's share of the annual Street Maintenance Program. <br />(b) Funding shall consist of the following sources: <br />(1) Interest earnings on the PIR Fund from the distribution of pooled interest earnings; <br />and. <br />(2) Transfers from the General Fund at year-end for excess General Fund Revenue <br />as outlined in the Excess/Deficient General Fund Revenue Policy (#24-331) <br />(c) Expenditures shall consist of the following uses: <br />(1) Transfers to the General Fund to provide a revenue source for the annual Street <br />Maintenance Program; and <br />(2) Funding for public improvements as outlined in the city's Capital Improvement <br />Program or as authorized by the City Council; and <br />(3) Transfers to the General Fund at year end for deficient General Fund Revenue as <br />outlined in the Excess/Deficient General Fund Revenue Policy (#24-331). <br />(d)This fund is eligible for inter -fund loans. <br />3. Annual Improvement Funds. <br />(a) 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 a <br />particular revenue source or bond issue shall be treated as a separate fund activity <br />under one main Annual Improvement Fund. All assets, liabilities, fund equity, <br />payments and revenues shall be maintained as separate accounts for each activity. <br />(b) 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 />4. Public Facilities Construction Fund (Fund 9412) <br />(a) 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 />Ordinance #25-12 <br />Page 7 of 13 <br />