There are established funds to be known as the "equipment rental and reserve fund" and the "information technology fund" to be used for the expenditures for salaries, wages and operations required for the repair, replacement, purchase and operation of all motor vehicles and other portable equipment which the city shall decide to maintain and replace through these funds.
(Ord. 1031 § 1, 2017; Ord. 1039 § 1, 2018)
The equipment rental and reserve fund and information technology fund created in this chapter shall be supervised by the finance director and administered by the city administrator or their designee.
(Ord. 1031 § 1, 2017; Ord. 1039 § 1, 2018)
A. 
All motor vehicles and other portable equipment of the various departments of the city shall be transferred to the equipment rental and reserve fund as directed by the finance director.
B. 
All computer, electronic and other portable office equipment of the various departments of the city shall be transferred to the information technology fund as directed by the finance director.
(Ord. 1031 § 1, 2017; Ord. 1039 § 1, 2018)
A. 
The charges for the use of equipment shall be sufficient to cover the maintenance, operation and replacement of such equipment and the terms for the rental thereof shall be as determined by the finance director, as approved by the adoption of the annual budget. Such rental rates shall be reviewed and, if needed, revised to meet changing costs of maintenance, operation and replacement.
B. 
There shall be kept, as directed by the finance director, such books, accounts and records as are necessary to control and report the financial operations of the equipment rental and reserve fund and information technology fund. Within the funds there shall be kept separate accounts for operation and maintenance and for a depreciation reserve account for replacement of equipment in this fund.
C. 
All monies deposited in the equipment rental and reserve fund and information technology fund and not expended as provided in this chapter shall remain in the fund from year to year and shall not be transferred to any other fund or expended for any other purpose.
D. 
If, at any time hereafter, the city council shall abolish the equipment rental and reserve fund or information technology fund, then all monies on deposit therein shall revert to and be deposited in the several funds and departments participating in the fund.
(Ord. 1031 § 1, 2017; Ord. 1039 § 1, 2018)