Where deemed necessary by the Mayor, the Treasurer is authorized to set up on the
books of the Internal Service Fund a retained earnings account for each of the departments
listed in Section 108.102, and the revenues earned by each department during each fiscal year which exceed
the expenses chargeable to that department shall, as soon as practicable after the
close of each fiscal year, be paid into the retained earnings account for that department.
The retained earnings account shall be available for expenditure, upon appropriation
by the Council, for capital improvements for the department and the purchase of new
or replacement equipment or other assets and, to fund projected operating deficits.
The moneys in the working capital fund created by Section 108.408 are not subject to this Section.
(Ord. 83-591-400, § 1; Ord. 86-1305-736, § 3)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
