3.53.020 Appropriation of monies.
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Into the revenue stabilization fund shall be placed monies appropriated or budgeted from time-to-time, which are determined reasonable and necessary to accumulate a balance of at least $2,000,000, and that the funds be expended only for the purposes of revenue stabilization. Revenue stabilization includes:
A. Funds for the payment of approved expenditures due to a cash flow shortage in the general fund;
B. Financial reserves to provide a cushion for an unexpected shortage in tax revenue receipts;
C. Reserves for expenditures deemed necessary by the city council;
D. Temporary short-term interfund loans made consistent with BARS Manual regulations. (Ord. 2224 § 2, 1998)