In the event that the use of the General Fund balance would result in a balance below the 50% target (other than when paying the costs of capital improvements in which the ultimate funding source will be grants or the issuance of notes of long term bonds as noted in § 35.142), City Council shall approve a plan for replenishment at the same time the use of the balance is approved. If feasible, replenishment to bring the General Fund balance back to the minimum 50% level should occur within the following fiscal year.
(Ord. 32-16, passed 9-12-16)