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There is hereby established a fund known as the parks capital project fund (fund 301) as follows:

A. Purpose. To account for receipts and disbursements related to the acquisition, design, and construction of major park capital facilities with the exception of those facilities financed by proprietary and trust funds.

B. Revenues. Revenues supporting this fund’s activities include grant proceeds, contributions/donations and other revenue sources as may be authorized by the City Council.

C. Other General/Financial Information. Fund appropriations shall not lapse at the end of any calendar year but shall remain in effect until the project is completed. [Ord. 599 § 3, 2014; Ord. 589 § 21, 2014.]