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There is hereby established a fund known as the information technology fund (fund 503) as follows:

A. Purpose. The purpose of this fund is to account for all costs associated with data processing, telecommunications and geographical information systems for the City.

B. Revenue. Revenue source is interfund charge to the benefiting or user fund. Other revenues may include replacement reserves, interest earnings, proceeds from the sale of assets, interfund transfers and other revenue sources designated by City Council. [Ord. 589 § 28, 2014.]