Chapter 3.04
CAPITAL OUTLAY FUND*

Sections:

3.04.010    Established – Purpose.

3.04.020    Finance officer duty.

*    For statutory authority for cities to establish capital outlay funds, see Gov. Code §§ 53730 – 53737.

3.04.010 Established – Purpose.

Pursuant to Section 1113 of the Charter, there is established a “special capital outlay fund No. 1.” This fund is to be used generally for all purposes which the city council deems to be of sufficient city-wide importance and benefit, including a portion for park and recreation development. (Ord. 858 § 1, 1963).

3.04.020 Finance officer duty.

The finance officer shall transfer all moneys received by the city from the shopping center for the sale of Vista Square housing project land into this special capital outlay fund No. 1. (Ord. 858 § 2, 1963).