There is created a general cumulative reserve fund for the purpose of buying supplies, materials or equipment, and the construction, alteration or repair of any public building or work, and the making of any public improvement, and for the purpose of creating a revenue stabilization fund for future operations.
(Ord. 1307 § 1, 1983)
Deposits shall be made to the fund from time to time as directed by ordinance of the city council, and as may be provided for in the annual budget.
(Ord. 1307 § 1, 1983)
Moneys in the fund shall be accumulated from year to year, and may be expended from time to time as directed by ordinance of the city council for the purposes specified in MMC § 3.18.010.
(Ord. 1307 § 1, 1983)