Chapter 3.12 — FUNDS AND ACCOUNTS

There is established in the City the following funds:

A. A general fund;

B. A special gas tax street improvement fund, as provided in Sections 2113 and2114.5 of the Streets and Highways Code of the State of California;

C. A motor vehicle license fee account as provided in Section 11005 of the Revenue and Taxation Code of the State of California;

D. A traffic safety account, as provided in Section 1463 of the Penal Code of the State of California. (Ord. 60-14 §1)

All moneys received by the City from the State pursuant to said sections of the Revenue and Taxation Code and the Streets and Highways Code, and all moneys received pursuant to Section 1463 of the Penal Code of the State of California shall be paid respectively into said funds and/ or accounts. (Ord. 60-14 §2)

All moneys in said funds and/or accounts shall be expended exclusively for the purposes authorized by and subject to all of the provisions of the respective legislative acts providing therefor. (Ord. 60-14 §3)