A. General Fund. There is created a general fund for the general operation of the city. All revenues accruing to the city, other than those designated for special funds as provided for in Chapter 3.12(B), shall be paid into and credited to the general fund.
B. Additional Funds. The City Council may create or eliminate other funds, as follows by resolution as required by the state or federal government, or when it is in the best interests of the City of Canby.
1. Special Revenue Funds;
2. Internal Service Funds;
3. Debt Service Funds;
4. Capital Reserve Funds;
5. Enterprise Funds.