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33 <br /> <br />V. RISK MANAGEMENT APPROPRIATION <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville, that all sums previbusly appropriated to the <br />Risk Management Fund, and all sums received by such fund as <br />payment from other City funds, are hereby appropriated for the <br />uses prescribed for such fund, pursuant to the terms of, and <br />su~bject to the limitations imposed by Article V of Chapter 11 of <br />the ~Code of' the~ City of CharlottesVille, 1~990, as ~amended. <br /> <br />VI. EQUIPMENT R~PLACEMENT F~ND APPrOPRiATiON <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville: <br /> <br /> There is hereby appropriated from the Equipment <br />Replacement Fund other sums received by such fund as payment from <br />other City funds, for the lease, financing or purchase of motor <br />vehicles and related equipment and for accumulation of a reserve <br />for future equipment purchases during the fiscal year beginning <br />July 1, 1993 and ending June 30, 1994. Such appropriation shall <br />be~i~c~i~.Ju~l, 1993;~pr-ovided~tha~ such~appropriatio~s! <br />shall not be deemed to expire at the end of.such fiscal year, but <br />shall continue in effect unless altered by further action of City <br />Council. Of the sums received by the Equipment Replacement Fund, <br />a sum sufficient to service the debt on any pieces of general <br />governmental equipment obtained under a master lease, credit <br />line, or an installment purchase agreement shall be transferred <br />to the Debt Service Fund. <br /> <br />VII. FACILITIES REPAIR FUND APPROPRIATION <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville: <br /> <br /> The sum of $380,000 transferred to the Facilities <br />Repair Fund under Part II of this resolution, and such other sums <br />as may be' transferred to this fund from other ~funds during the <br />fiscal year beginning July 1,1993 are appropriated for carrying <br />out the purposes of this fund during that fiscal year. However, <br />such appropriation shall not be deemed to expire at the end of <br />the fiscal year, but shall continue in effect unless altered by <br />further action of this Council. <br /> <br />VIII. DEBT SERVICE FUND APPROPRIATION <br /> <br /> BE IT RESOLVED by the Council of the City of <br />Charlottesville. <br /> <br /> A. The Debt Service Fund shall serve as a permanent <br />reserve for the payment of principal and interest of bonds, notes <br />and other evidences of indebtedness and the cost of issuance <br />thereof issued by the City pursuant to its charter and/or the <br />Virginia Public Finance Act. <br /> <br /> B. The sum of $3,609,128 transferred to such fund by <br />Part II of this resolution, or as much thereof as may be <br />necessary: is hereby appropriated to pay such debt service <br />expenses during the fiscal year beginning July 1, 1993 and ending <br />June 30, 1994. <br /> <br /> C. Appropriations in the Debt Service Fund shall be <br />deemed continuing appropriations, and balances remaining in such <br />fund at the end of each fiscal year shall be carried forward to <br />pay principal and interest due on City obligations and costs <br />associated with the issuance of those obligations in future <br />years. However, this reserve fund has been voluntarily created <br />by City Council and is not required by state statute or by the <br />provisions of any existing bond ordinance, covenant or indenture. <br /> <br /> <br />