a. The Local Road and Street Fund (LRS) is recognized and continued for the purpose of receiving applicable state funds and for expenditures permitted by statute.
(I.C., § 8-14-2-1, et seq.)
b. The Police Pension Fund is recognized and continued for purposes permitted in Indiana Code, § 36-8-6-1, et seq., as to the 1925 fund, and Indiana Code, § 36-8-8-1, et seq., as to the 1977 fund.
c. The Motor Vehicle Highway Fund (MVH) is recognized and continued for purposes of receiving applicable state funds and for the expenditures permitted by statute (I.C., § 8-14-1-1, et seq.).
d. The Cumulative Capital Improvement Fund (CCIF) is recognized and continued for the purposes of receiving and expending cigarette taxes pursuant to Indiana Code, § 36-9-16-1, et seq.
e. The following other funds are recognized and continued:
1. General Fund.
2. Park General Fund (see also § 5-48).
3. Sewer Operation.
4. Sewer Depreciation.
5. Sewer Building and Sinking Fund.
6. Water Operation.
7. Water Depreciation.
8. Water Deposits.