Upcountry Water System Expansion Fund

A. The Upcountry water system expansion capital improvement reserve fund is established for the purpose of funding increased water system capacity Upcountry to address the long-standing water meter wait list in the area, and related improvements and debt service; provided that the purpose for which the fund may be expended may be amended by ordinance passed upon a vote of not less than seven members of the council. B. In adopting each fiscal year's budget and capital program, any unappropriated surplus and unencumbered balances of any appropriations in any fund at the end of a fiscal year may be appropriated to the Upcountry water system expansion capital improvement reserve fund for the succeeding fiscal year or years. Any balance remaining in this fund at the end of the fiscal year shall not lapse, but shall remain in the fund, accumulating from year to year. C. The revenues in this fund shall not be used for any purpose except the purposes listed in subsection A of this section. (Ord. No. 4223, § 1, 2015)