Sec. 110.106. - Segregation of funds; description of funds.

(a) Funds established. All moneys shall be accounted for by the Treasurer within the following funds or fund groups, which funds and fund groups are hereby created and established: (1) General Fund-General Services District. (2) General Fund-Urban Services District. (3) Enterprise Funds. (4) Internal Service Funds. (5) Special Revenue Funds. (6) Streets and Highways Five-Year Road Program Fund. (7) Self-Insurance Funds. (8) Federal Revenue Sharing Trust Fund. (9) General Trust and Agency Funds. (10) Capital Projects Funds. (11) Debt Service Funds. (12) Independent Authorities Funds. (13) Special Assessment Funds. (b) Description of funds. The source and use of each of these funds shall be as follows: (1) The General Fund-General Services District shall consist of all moneys received by the City from every source whatsoever, except as provided in paragraphs (2)—(13). Moneys in the General Fund-General Services District shall be expended pursuant to the budget ordinance and other appropriation ordinances. (2) The General Fund-Urban Services District shall consist of moneys received from an ad valorem tax levied on real and personal property in the First Urban Services District, plus the earnings on investments of these moneys and miscellaneous licenses, taxes and penalties specifically applicable to the First Urban Services District. Moneys in the General Fund-Urban Services District shall be expended pursuant to the budget ordinance and other appropriation ordinances. (3) The Enterprise Funds shall consist of the revenues earned by the enterprises and utilities operated by the City as proprietary activities, plus the earnings on investments of these revenues, interdepartmental charges billed and collected by these activities and contributions from other funds. Moneys in the Enterprise Funds shall be expended pursuant to the budget ordinance and other appropriation ordinances. The Treasurer is authorized to set up on the books of the Enterprise Funds a retained earnings account for each of the activities included in the Enterprise Funds, and the revenues earned by each activity during each fiscal year which exceed the expenses chargeable to that activity shall, as soon as practicable after the close of each fiscal year, be paid into the retained earnings account for that activity. The retained earnings account shall be available for expenditure, upon appropriation by the Council, for capital improvements to the activity and the purchase of new or replacement equipment or other assets, and to fund projected operating deficits. (4) The Internal Service Funds shall consist of the revenues billed and collected as service charges by the Finance and Administration Department and Information Technology Division, Planning and Development Department and Office of General Counsel, except such activities of these agencies as are included in another fund. Moneys in the Internal Service Funds shall be expended pursuant to the budget ordinance and other appropriation ordinances. (5) The Special Revenue Funds shall consist of moneys received from the United States and the State as grants, plus contributions from other funds as match money and for other purposes and other revenues applicable to federal and State programs operated by the City. Moneys in the Special Revenue Funds shall be expended pursuant to the appropriation ordinances applicable to the federal and State grants and programs funded from this fund. (6) The Streets and Highways Five-Year Road Program Fund shall consist of the surplus gas tax funds received by the City under the provisions of Section 746.408, plus the earnings on investments of these moneys. Moneys in the Streets and Highways Five-Year Road Program Fund shall be expended in accordance with Chapter 746 . (7) The Self-Insurance Funds shall consist of the amounts billed and collected by the Finance and Administration Department under the provisions of Chapter 128 , plus the earnings on investments of these moneys. Moneys in the Self-Insurance Funds shall be expended in accordance with Chapter 128 . (8) The Federal Revenue Sharing Trust Fund shall consist of all moneys received by the City from any federal revenue sharing act. Moneys in the Federal Revenue Sharing Trust Fund shall be expended pursuant to the budget ordinance and other appropriation ordinances. (9) (i) The General Trust and Agency Funds shall consist of all moneys received by the City as testamentary or inter vivos donations or gifts for specific purposes or uses and not properly includable in the revenues of any other fund, all moneys held by the City for the use or benefit of ascertained or ascertainable payees or beneficiaries, moneys received or intended for deposit in the pension funds, moneys held as trust funds or revolving funds under law or a trust agreement and moneys held in escrow accounts, plus the earnings on investments of these moneys to the extent such provisions are made and contributions from other funds. In the absence of specific provisions with respect to earnings on investments, such earnings will be allocated to the General Fund-General Services District. All moneys in the General Trust and Agency Funds (except earnings on investments of such moneys allocated to the General Fund-General Services District) are hereby appropriated to be expended in accordance with the law or trust agreement under which they were received, subject to the provisions of Chapter 106 and to applicable laws relating to the deposit or expenditure of moneys in the City Treasury. (ii) In order to maintain a minimum number of trust funds in the City Treasury, the Director of Finance and Administration may consolidate, if permitted under the terms and conditions of their receipt, any two or more of the trust funds administered by the City; provided, that the Accounting Division shall employ effectively a uniform system of accounts sufficient to preserve the integrity of the trust funds. (10) The Capital Projects Funds shall consist of moneys received as proceeds from the sale of bonds and held as funds for the construction, acquisition or improvement of a specific capital improvement project or projects funded by the bond issue. Moneys in the Capital Projects Funds shall be expended pursuant to the applicable bond ordinances and other applicable laws. (11) The Debt Service Funds shall consist of all moneys received by appropriation or otherwise and held for the payment of debt service requirements of the various bond issues of the City. Unless otherwise provided by the Council or contained in the bond ordinance, all interest which accrues on bond issues shall only be expended in accordance with and for the same purposes for which the bonds were issued. Moneys in the Debt Service Funds shall be expended pursuant to the various bond ordinances. (12) The Independent Authorities Funds shall consist of moneys appropriated for the use of independent agencies and governmental agencies outside the Consolidated Government, in either case when the City is acting as fiscal agent of and performing the accounting for the agency. Moneys in the Independent Authorities Funds shall be expended pursuant to the budget ordinance and other appropriation ordinances, and as provided in the agreement or law establishing the agency relationship. (13) The Special Assessment Funds shall consist of moneys received as special assessments on real property for public improvements constructed for the benefit of such real property, plus moneys appropriated for such projects from other City funds. The Street Assessment Revolving Fund established by Section 111.505 shall be accounted for in the Special Assessment Funds. Moneys in the Special Assessment Funds shall be expended pursuant to the applicable ordinances and special assessment resolutions. (Ord. 82-982-414, § 1; Ord. 83-591-400, § 1; Ord. 97-229-E, § 16; Ord. 2006-422-E, § 126; 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. Note— Former § 126.325.