§ 2.70.040. Expenditures.

(a)

Expenditures and expenses, as used herein, includes all capital improvements, betterments, acquisition expenses, operating expenses and maintenance expenses.

(b)

All expenditures and expenses required for the operation and maintenance of the above-defined assets shall be allocated to the fund and shall include but not be limited to the following items:

(1)

Administrative expenses in an amount no greater than fifteen percent (15%) of the total administrative expenses of the City for the current budgeted year, as to the following line items:

a.

Salaries;

b.

Benefits;

c.

FICA;

d.

Group insurance;

e.

Pension;

f.

Work compensation;

g.

City benefits on accrued leave;

h.

Medicare;

i.

Supplies;

j.

Utilities;

k.

Telephone; and

l.

Computer costs.

(2)

Building maintenance.

(3)

Ground maintenance.

(4)

Salary, benefits for "special" service employees.

(5)

Utility costs.

(6)

Contract services.

(7)

Property taxes (real and personal).

(8)

Miscellaneous expenses.

(9)

Advertising.

(10)

Property insurance and casualty insurance.

(11)

Freight.

(12)

Outside services: audit, legal, engineering and other professional requirements.

(13)

Uniforms.

(14)

Uncollectible accounts.

(15)

Safety.

(16)

Depreciation expense.

(17)

Economic development activities related to existing properties.

(18)

Indebtedness repayment.

(c)

It is the intention of the City Council that all expenditures and expenses incurred (for any reason as relates to the above properties) are hereby authorized and shall be allocated to the fund without being subject to the provisions of Section 2.70.070.

(d)

Nothing contained herein shall restrict the fund from establishing borrowings (and for the repayment thereof) for related municipal purposes as allowable by law and as approved by the City Council.

(Ord. 1347 §§1, 4, 2003)