3-8.4 Creation of Special Funds.
Each fee collected pursuant to this article shall be deposited in a special fund created to hold the revenue generated by each such fee. Monies within each such fund may be expended only by appropriation by the City Council for specific projects which are of the same category as that for which the money was collected. In this regard, the following special funds are hereby created and established for the purpose indicated:
a. Traffic and Street. A traffic and street fund for payment of the actual or estimated costs associated with constructing and improving streets and thoroughfares.
b. Flood Hazard Reduction/Drainage Facilities. A flood hazard reduction and drainage related facilities fund for payment of the actual and estimated costs of constructing and improving drainage facilities within the City, including any required acquisition of land.
c. Park and Recreation Facilities. A park and recreation facilities fund for payment of the actual and estimated costs of acquiring equipment, and constructing and improving the park and recreation facilities within the City, including any required acquisition of land, grading, irrigation and/or associated turfing costs.
d. Police. A police fund for law enforcement facilities and equipment.
e. Administrative. An administrative service fund for payment of the actual or estimated costs of City administrative facilities, equipment, the renovation of City Hall, the construction of new City buildings, and corporation yard type facilities.
f. General Plan Update. A general plan update fund for payment of the actual or estimated costs for updating the general plan periodically as required by State law and as determined needed by the City. (Ord. #247-2020, S2 (Exh. A))