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• J. Sums appropriated in the General Fund which have not been encumbered or expended as of June 30, 2008, shall be deemed to revert to the unappropriated balance of the General Fund, unless Council by resolution provides that any such sum shall be a continuing appropriation. K. At the end of the current fiscal year, any unexpended portions of the foregoing appropriations to individual departments or agencies intended for health and medical benefit programs shall be transferred to a fund referred to below as the "Health Benefits Fund." L. Sums appropriated in the General Fund which have not been encumbered or expended as of June 30, 2008 and are in excess of 12% of General Fund expenditures for the next fiscal year shall be deemed to revert to the Capital Fund contingency account for future one-time investments in the City's infrastructure as part of the year-end appropriation. M. The proceeds of the sale of any real property to be used for parking shall be appropriated to the "Strategic Investments Account" account in the Capital Fund. N. Budgeted and realized revenues for Parking Fines in excess of $405,000 as of June 30, 2008 shall be transferred from the General Fund to the "Parking Account" in the Capital Fund. III. SCHOOL OPERATIONS APPROPRIATION BE IT RESOLVED by the Council of the City of Charlottesville: The sums hereinafter set forth are hereby appropriated for the annual operation of the school operations, effective July 1, 2007; the City contribution to the School operations having hereinabove been appropriated from the General Fund. School Budget (General and Other Funds) Local Contribution $38,340,609 State Funds 19,956,922 Federal Funds 1,489,631 Misc. Funds 6,291,101 Total cool Operations Budget $66,078,263 IV. HEALTH BENEFITS FUND APPROPRIATION BE IT RESOLVED by the Council of the City of Charlottesville: