Chapter 3.80
CUMULATIVE RESERVE FOR EQUIPMENT REPLACEMENT FUND
Sections:
3.80.010 Created.
There is created a fund to be known as the “cumulative reserve for equipment replacement fund” into which moneys shall be placed from time to time as designated by the city council. (Ord. 1481 § 1, 1989).
3.80.020 Transfer of moneys.
The finance director of the city is directed to transfer moneys as set forth in the 1990 budget adopted on December 4, 1989. (Ord. 017-23 § 4 (Exh. A); Ord. 1481 § 2, 1989).
3.80.030 Disbursement.
Disbursement from the “cumulative reserve for equipment replacement fund” shall be made upon proper authorization by the mayor and city council. (Ord. 1481 § 3, 1989).