(a) An operating capital improvements fund is hereby created and established for the city.
(b) Whenever deemed feasible from time to time by the city commission, any portion of the unappropriated funds at the close of each fiscal year may be transferred and revert to the operating capital improvements fund.
(c) All federal revenue sharing funds received under the State and Local Fiscal Assistance Act of 1972 (Title I, Public Law 92-512) except the ten (10) per cent of such federal revenue sharing funds allocated for ordinary and necessary maintenance and operating expenses for social services for the poor and aged under section 2-62, shall be deposited into the said operating capital improvements fund.
(d) Whenever deemed feasible from time to time by the city commission, up to twenty (20) per cent of all state revenue sharing grants received from the State of Florida shall be deposited into the said operating capital improvements fund.
(e) Whenever deemed feasible from time to time by the city commission, any portion of the funds remaining in the operating capital improvements fund at the close of each fiscal year, excepting therefrom all appropriated or encumbered funds, may be transferred and revert to the general fund.
(Code 1958, § 2-61)