Title 07 Finance
Chapter 07.08 Funds
Article II. Special Revenue Funds
Section 07.08.121 Parking Facilities Fund
- There is created a special revenue fund to be known as the “parking facilities fund” into which all funds received by the City from such sources as rent payments from parking facilities, interest earned on investments of such funds, federal and state grants, public or private contributions, transfers from other funds as may be directed by city council under appropriate ordinances, or any other funds so designated shall be deposited.
- Funds deposited into the fund may be accumulated or expended for municipal purposes of maintenance and operations of the parking facilities, debt service, capital outlay or other expenditures as may be directed by city council under appropriate ordinances.
Date Passed: Monday, May 7, 2007
Effective Date: Wednesday, June 20, 2007
Recodification ORD C34024 Section 1
