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A fund, to be known as the street overlay fund, is hereby created for the purpose of accounting for funds received, disbursed or expended to support City’s transportation system. The purpose of this fund is to preserve the City’s investment in streets by regularly resurfacing existing City streets to extend their useful lives and thereby avoid more costly street rehabilitation programs, and providing matching funds for street projects. Revenues for this fund are generated through a Council-approved allocation of external business utility taxes and interfund utility taxes. The flow of funds assumption is that restricted revenues are spent on a specific identification basis. [Ord. 4492 § 2, 2020; Ord. 4073, 2012; Code 1970 § 3.134.010.]