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.1 I ( I I I I I I Charter - Finance Administration - Section 11-13 Sec. 11-13. Special funds. Additional funds which shall be known as "Special Funds" shall be created by ordinance to provide for monies held for depreciation and obsolescence of structures, machinery and equipment not within the jurisdiction of the Utilitie~, Board, for debt service, for special ser- vices alld for local improvements. The ordi- nance creating a special fund shall specify its source of income and the purpose for which expenditures from the special fund shall be made. Special funds created by ordinance may be abol,ished by ordinance, subject to existing trusts, and the remaining assets of any special fund shall be transferred to the general fund. The ordinances creating special funds may pro- vide for annual, periodic or continuing appro- priations for such funds. I I I I I I I I I I I Sec. 11-14. Capital improvements fund. The Council may make appropriations for the benefit of a fund to be known as the "Capital Improvements Fund," established for the pur- pose of paying the cost of capital improvements for which the City is authorized to issue bonds, and for no other purpose. The Council shall also have power to transfer, from time to time, any portion of the general fund surplus not otherwise appropriated to the capital improvements fund. Sec. 11-15. Contingent account. The: general fund may contain an item for contingencies. Except in those cases where there i:~ no logical account to which an expendi- ture can be charged, expenditures shall not be charged directly to contingencies, but instead, the necessary part of the appropriation for con- tingencies shall be transferred to the logical account, and the expenditure charged to such account. No such transfer shall be made without Supp,3 the express approval of the Council, and then only for expenditures which could not be readily foreseen at the time the budget was adopted. Sec. 11-16. Fairmount Cemetl~ry investment fund. The provisions of section 13 of ordinance 237 of the City of Lamar pertaining to Fair- mount Cemetery fund shall not be amended or repealed. Sec. 11-17. Utility fund. There is hereby established a "Utility Fund." The utility fund shall comprise all revenues of the Utilities Board and all functions of the Utili- ties Board shall be financed by expenditures from the utilities fund. Sec. 11-18. Transfer of funds" The City Council may at any time transfer any unencumbered appropriation balance or portion thereof from one classification of expe:n- diture to another within the same department, office or agency administered by them. The Council may, after October 31 of each year, by resolution transfer any unencumbered appro- priation balance or portion thereof from one department, office or agency within its jurisdic- tion to another. The Utilities Board shall order the transfer in equal monthly installments on the 12th day of each month the amount provided by the budget for such year to be transferred from the utility fund to the general fund. Sec. 11-19. Departmental appropriations lapse. Any annual departmental appropnatlon or any portion thereof remaining unexpended and unencumbered at the close of the fiscal YI;:ar shall lapse. C-20