There is created and established in the treasury of the city a special fund to be known and designated as the "equipment rental fund," to be used as a revolving fund to be expended for salaries, wages and operations required for the repair, replacement, purchase and operation of motor vehicle equipment, and for the purchase of all equipment, materials and supplies to be used in the administration and operation of the fund.
(Ord. 1087 § 1, 1973)
There is transferred to the equipment rental fund established in EMC § 2.64.010, all equipment and/or moneys and/or accounts payable and/or accounts receivable for the purchase of equipment now held in general government, street, sewer, water, cemetery, police and garbage departments as the same is presently constituted.
(Ord. 1087 § 2, 1973)
The equipment rental fund created herein shall be administered by the city administrator of the city.
(Ord. 1087 § 3, 1973)
The charges to be paid into the equipment rental fund by the various offices and departments of the city renting motor vehicle equipment from the fund shall be established annually by the city administrator.
(Ord. 1087 § 4, 1973)
The city clerk shall keep such books, accounts and records as are necessary to control and report the financial operations of the equipment rental fund, and shall further subdivide the cash account thereof into two separately designated accounts as follows:
A. 
Account "A," which is the "current operating account," into which shall be placed those portions of the charges made to the various offices and departments of the city in accordance with the schedule provided for in EMC § 2.64.040, which are specifically billed the offices and departments to provide sufficient moneys to pay the salaries and wages, material, overhead, or other costs necessary to operate and maintain all motor vehicle equipment rented thereto. There shall also be placed into account "A" moneys which may from time to time be made specifically available thereto by action of the council of the city.
B. 
Account "B," which is the "equipment purchase and replacement account," into which shall be placed those portions of the charges made to the various offices and departments of the city in accordance with the schedule provided for in EMC § 2.64.040 which are specifically billed said offices and departments to provide sufficient moneys, having first taken into consideration the necessary operating and maintenance cost billed under subsection A of this section, to pay the costs of purchasing new equipment and replacing used equipment as required to carry out the purposes of the equipment rental fund. There shall also be placed into account "B" moneys which are derived from the direct sale of any of the equipment or other capital assets of the fund and any moneys which may from time to time be made specifically available thereto by action of the city council of the city.
(Ord. 1087 § 5, 1973)
Any withdrawals or expenditures from the equipment rental fund shall be made only in the following manner:
A. 
Expenditures from account "A" shall be made only upon duly approved payrolls and vouchers of the city for the purposes herein before ascribed to said account.
B. 
Expenditures from account "B" shall be made only upon duly approved vouchers of the city for the purposes herein before ascribed to the account; provided that no expenditure shall be made from account "B" unless approved by ordinance or resolution or motion of the city council of the city.
(Ord. 1087 § 6, 1973)
All moneys deposited in the equipment rental fund and not expended as provided herein, shall remain in the fund from year to year and shall not be transferred to any other fund or expended for any purpose whatsoever, except as is herein provided; provided, however, any moneys in the fund not needed therein may from time to time be transferred by appropriate action of the city council of the city to the general fund of the city.
(Ord. 1087 § 7, 1973)