Sec. 108.211. - Revolving fund.

There is authorized to be established a revolving fund for the Intra-Governmental Department, which shall be available for expenses (including personal services), other costs and the procurement by lease, purchase, transfer or otherwise of data processing equipment and the maintenance and repair of such equipment necessary for the efficient coordination, operation and utilization of such equipment by and for using agencies. The revolving fund shall be created from moneys: (a) With respect to the general government, transferred from available funds of City agencies for particular services rendered; and (b) With respect to the independent agencies, transferred with the consent of the authorized representative of the agency and designated for payment of particular services rendered, Concurred in by the Department and approved by the Mayor. The revolving fund shall be credited with (a) advances and reimbursements from available appropriations of any agency utilizing the equipment and services rendered it, at rates determined by the Intra-Governmental Director (with the approval of the Director of Finance and Administration) to approximate the costs met by the fund (including depreciation of equipment, provision for accrued leave, amortization of installation costs and professional services), (b) refunds or recoveries resulting from operations of the fund, including the net proceeds of disposal of excess or surplus personal property and receipts for loss of or damage to property and (c) moneys paid for services rendered to federal, State and local governments whose budgets are not subject to the approval of the Council. Following the close of each fiscal year, any net income, after making provisions for prior fiscal year losses, if any, shall be transferred to the City Treasury as miscellaneous revenues. Nothing in this Section shall prohibit or prevent the Council from making further provisions regarding the revolving fund in the budget ordinance or other appropriation ordinances. (Ord. 83-591-400, § 1; Ord. 83-866-479, § 2; Ord. 2011-732-E; Ord. 2016-140-E , § 16) Editor's note— Ordinance 2007-839-E, § 18, authorized updated department/division names pursuant to reorganization.