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The purpose of the capital outlay fund shall be to provide for the accumulation of funds for capital outlays. It shall be the repository of all moneys raised by tax levy for the designated purpose of financing capital outlays, and also moneys transferred thereto from other funds by order of the city council. Such fund shall be restricted in use to payment of capital outlays but, except for the city's waterworks and system, shall not be used for public utility acquisition or improvement.
(Prior code § 2.12.070 (Ord. 506 § 5(b), 1961))
The purpose of the library fund shall be to provide for and reflect the operations of the city library. It shall be the repository of all money raised by tax levy for the designated purpose of maintaining and operating the city library, the proceeds of any gift, devise, or bequest which is not restricted by the donor to some other use, and any amounts transferred thereto from the city's general fund. It shall be restricted in use to the maintenance and operation of the city's public library.
(Prior code § 2.12.080 (Ord. 506 § 5(c), 1961))
The purpose of the traffic safety fund shall be to provide for proper accountability of traffic fines. It shall be the repository of all amounts remitted to the city on account of fines and forfeitures imposed upon persons charged with the violation of provisions of the State Vehicle Code. It shall be restricted in use to the purposes for which such funds are authorized to be used under the provisions of Section 42200 of the Vehicle Code of the State of California or any other law of the state governing their use.
(Prior code § 2.12.090 (Ord. 506 § 5(d), 1961))
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