3.24.030 Sources – Accumulation of funds.
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A. Moneys may be placed in the cumulative reserve fund for equipment purchase in any of the following ways:
1. By direct appropriation in the annual budget;
2. By appropriation or budgetary transfer authorized by ordinance from another fund or funds of the City;
3. By periodic transfers from the equipment rental fund;
4. From the sale of any equipment owned by the equipment rental fund duly authorized by the City Council.
B. The moneys in the fund shall be allowed to accumulate from year to year until the City Council shall determine to expend the moneys for the purpose herein specified. (Ord. 399 § 3, 1966).