[Adopted 11-19-1991 (Ch. 11, § 11.05, of the
1986 Code)]
There is hereby established a McLean County
Capital Improvement Fund. This Capital Improvement Fund shall be treated
as a separate fund for purposes of accounting and budgeting of revenues
and expenditures. In accordance with the Government Accounting Standards
Board, the Capital Improvement Fund shall be ". . . a fiscal and accounting
entity with a self-balancing set of accounts recording cash and other
financial resources, together with all related liabilities and residual
equities or balances, and changes therein, which are segregated for
the purpose of carrying on specific activities or attaining certain
objectives in accordance with special regulations, restrictions, or
limitations."
