Chapter 3.05
SPECIAL FUNDS
Sections:
Article I. Capital Improvement Fund
3.05.010 Creation of capital improvement fund.
Article II. Special Gas Tax Street Improvement Fund
3.05.040 Moneys to be paid into fund.
3.05.050 Expenditure of moneys in fund.
Article III. Vehicle Replacement Fund
Article I. Capital Improvement Fund
3.05.010 Creation of capital improvement fund.
There is hereby established a “capital improvement fund” for the city. (Ord. 39 § 1. 1990 Code § 2-5100.)
3.05.020 Uses for fund.
The moneys in the capital improvement fund shall be used only for the acquisition of park and recreation areas, the acquisition of sites for public safety purposes and the erection of necessary facilities, the acquisition of sites and rights-of-way, the construction of other public works, and the necessary initial equipping of such parks, recreation areas, public safety facilities, and other public buildings. No moneys from such fund may be expended for the further equipping or current maintenance of any such facilities or buildings nor for the equipping or current maintenance of recreation areas, parks or other public facilities or buildings acquired prior to the adoption of this section. (Ord. 39 § 2. 1990 Code § 2-5101.)
Article II. Special Gas Tax Street Improvement Fund
3.05.030 Fund created.
To comply with the provisions of Cal. Sts. & High. Code §§ 180 through 207, there is hereby created in the city treasury a special fund to be known as the “special gas tax street improvement fund.” (Ord. 10 § 1. 1990 Code § 2-5200.)
3.05.040 Moneys to be paid into fund.
All moneys received by the city from the state under the provisions of Cal. Sts. & High. Code §§ 180 through 207 for the acquisition of real property or interests therein, or for the construction, maintenance, or improvement of streets or highways other than state highways shall be paid into the special gas tax street improvement fund. (Ord. 10 § 2. 1990 Code § 2-5201.)
3.05.050 Expenditure of moneys in fund.
All moneys in the special gas tax street improvement fund shall be expended exclusively for the purposes authorized by and subject to all of the provisions of Cal. Sts. & High. Code §§ 180 through 207. (Ord. 10 § 3. 1990 Code § 2-5202.)
Article III. Vehicle Replacement Fund
3.05.060 Fund created.
There is hereby established a “vehicle replacement fund” for the city. (Ord. 1497 § 1, 4-20-82. 1990 Code § 2-5300.)
3.05.070 Uses for fund.
The moneys in the vehicle replacement fund shall be used only for the replacement of city vehicles. The source of moneys for the fund shall be derived from depreciation charges plus inflationary factors made to the annual operating budgets of the city’s operating departments. In addition to such source, moneys received as insurance proceeds for destroyed or damaged vehicles shall also be placed in the fund.
Expenditures from the fund shall be limited to purchase of replacement vehicles in the existing fleet of city vehicles. Funding for the acquisition of additional vehicles shall be made from other financial resources; replacement of such additional vehicles, however, shall be made from the fund.
Interest earnings of the fund shall be credited to the general fund, from which vehicle maintenance and operating costs shall be paid. (Ord. 1497 § 1, 4-20-82. 1990 Code § 2-5301.)