(a) There is hereby established an Internal Service Fund to be known as the Equipment Maintenance Inventory Fund under the provisions of Ohio R.C. 5705.12.
(b) All reimbursements, transfers and miscellaneous revenues shall be credited to such Fund annually, and may be expended only by authorization of Council for the purchase of vehicle parts, fuel and equipment necessary to maintain the vehicle fleet and related equipment.
(c) Excess reserves as determined by Council may be transferred to the Vehicle Depreciation Fund (fund number 407).
(Ord. 11-04. Passed 3-1-04.)