(A) Transfer of $5,000,000 from Unreserved Funds to Capital Fund. The Finance Clerk shall transfer $5,000,000 from the city’s General Unreserved Fund to the Capital Fund.
(B) Capital Fund - Defined. The capital Fund as described in § 110.04 of this code, and this section, unless required for future city budgets and the ratification by City Counsel, shall only be used for the following expenditures:
(1) Vehicles;
(2) Public works equipment;
(3) Public facilities,
(4) Land acquisition;
(5) Police department capitalizable equipment including but not limited to radios, radar units and firearms;
(6) Fire/EMS department capitalizable equipment;
(7) Grant projects;
(8) Municipal Aid Road Fund (MARF) projects;
(9) New sidewalk projects;
(10) Sidewalk maintenance; and
(11) Asphalt and contract roads.
(Ord. 2548, passed 9-20-2022)