A. A capital improvement fund – REET 1 is hereby created to account for the activity involving REET 1 funding.

B. A capital project fund – REET 2 is hereby created to account for the activity involving REET 2 funding.

C. The balance for each fund shall be allocated from the combined fund to the new funds in accordance with the source of the revenue and the uses identified for funds spent. [Ord. 572 §§ 1, 2, 3, 2018.]