Chapter 3.20
EQUIPMENT REPLACEMENT FUND

Sections:

3.20.010    Created – Purpose.

3.20.020    Transfer schedule.

3.20.030    Transfer of funds.

3.20.010 Created – Purpose.

There is created an Equipment Replacement Fund which shall be used for the repair or replacement of worn or obsolete equipment. The fund shall be administered by the Finance Director. (Ord. 1305 § 1, 1978; Ord. 1234 § 1, 1976).

3.20.020 Transfer schedule.

An annual transfer schedule will be established at the time of budget adoption and will become a part thereof. Transfers to the Equipment Replacement Fund will be made from applicable appropriations on a monthly basis. (Ord. 1234 § 2, 1976).

3.20.030 Transfer of funds.

All funds in the previously entitled Equipment Rental Fund are transferred to the Equipment Replacement Fund. (Ord. 1234 § 3, 1976).