Inglewood Municipal Code § 2-231 Redevelopment Fund

A "Redevelopment Fund" is hereby created to receive, disburse, and account for all monies accruing to the City for use in redevelopment projects. These monies can accrue from Federal grants, private sources, or from within City resources as directed by the City Council.

(Ord. 2024 7-30-70)

A "Housing Fund" is hereby created to receive, disburse, and account for all monies accruing to the City for use in the Federally subsidized rent programs. These monies can accrue from Federal grants, private sources, or from within City resources as directed by the City Council.

A "Water Utility Fund" is hereby created effective July 1, 1975, to receive, disburse, and account for all revenues accruing to the City from the operation of its water system, including the issuance of debt. Said fund shall include the cash balances, assets, liabilities, reserves and surpluses of said water utility system and shall be accounted for as an enterprise fund.

Disbursements from said fund shall be used for the expenses of operating, maintaining, expanding, building, rebuilding, renovating, or in any way improving or meeting the expenses of said water system, including such in lieu of tax, service, overhead, rental and return on investment charges to other City funds as the Council shall by ordinance, resolution or annual budget provide.

(Ord. 2269 10-26-76)

A "Grants Fund" is hereby created to receive, disburse, and account for monies accruing to the City for use in state and Federal assistance programs. These monies can accrue from state grants, Federal grants, private sources, or from within City resources as directed by the City Council.

(Ord. 2343 6-26-79)