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1 <br />2 <br />3 <br />4 <br />6 <br />7 <br />10 <br />12 <br />13 <br />14� <br />15� <br />16 <br />17� <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />City, Council# I All monies expe-fided from this Fungi .shall be in compliance <br />budgeted appropriations approved by the City Council prior to the date or such. <br />expenditure* <br />SECTION 5,, General Fund and General Fund Reserves <br />a) There is and shall also. be maintained a Fund known, as. the <br />"General Fund," which shall be used Vox the receipt of and <br />expenditure oaf allmonle-s ar the -City Treasury not specifically <br />designated to, the other Funds contained in this Ordinance* or <br />other Ordinances or Resolutions to which ref`6-rence is made in: <br />this Ordinance. The use of this. Fund shall also, comply with the <br />provisions of the Government Code specifically applying tq this <br />Fun4 <br />b)'There shall be maintained in the General Fund, certainreserve <br />accounts for the purposes stated herein: <br />1). Reserve :ror:Sewer Plant Equipment Replacement <br />2) Reserve :for General City Equipment Replacement <br />3) Reserve for Re, Puse- Collection E.quipment <br />The seReserves shall, be maintained to accrue such annual sums <br />of monies as determined at the time of the adoption or the annual <br />Budget by the City Councilc Lxpenditure aud-for tran.srers from <br />such accrued Reserves. shall be in accordance with Budget <br />appropriation and/or transfers to other Funds approved by the <br />City Council. <br />.4) Reserve :rbrCash Basis <br />This Reserve shall be established in the General Fund to provide <br />for the necessary safe cash margin between revenues and expend., <br />itures, of'the various Funds during the so-called "dry period's <br />between. July 1, and December 31 of each fiscal year., <br />The amounts ofmonies retained in this. Reserve shall be deter- <br />mined by the City Council at the time of adoption of the annual <br />budget,,, and the Finance Director is hereby instructed to make <br />such necessary Fund transfe-rs.as,are neede&toc-c(mpjwith <br />Council's action,,, <br />-3- <br />