(1) Fund “A” which shall be the “maintenance and operations fund,” into which shall be placed those portions of the charges made to the various departments of the City, in accordance with the provisions of PMC 3.125.040, which are specifically billed to the departments to provide sufficient moneys to pay the salaries and wages, materials, overhead and other costs necessary to operate and maintain all motor vehicle equipment rented thereto. There shall also be placed into Fund “A” moneys which may from time to time be made specifically available thereto by action of the Council;

(2) Fund “B” which shall be the “equipment reserve fund” into which shall be placed those portions of the charges made to the various departments of the City in accordance with the provisions of PMC 3.125.040, which are specifically billed to the departments to provide sufficient moneys, having first taken into consideration the necessary operating and maintenance costs billed under subsection (1) of this section, to pay the costs of purchasing new equipment and replacing used equipment as required to carry out the purposes of the equipment reserve fund. There shall also be placed in Fund “B” moneys which are derived from the direct sale of any of the equipment or other capital assets of the fund and any moneys which may from time to time be specifically available thereto by action of the Council. Funds in the current equipment rental fund Account “A” shall be transferred to Fund “A” and funds in the current equipment rental fund Account “B” shall be transferred to Fund “B.” [Ord. 2514 § 1, 1984; Code 1970 § 3.68.050; Code 1954 § 2-17.114.]