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274 should equal the amount of accumulated depreciation recorded on all park systei'll <br />275 assets. <br />276 <br />277 0 Within each enterprise fund, the City shall establish a funding mechanism to provide for <br />278 the general replacetnent. of related infrastructure throughout the community, The <br />279 funding should equal the aniount of accumulated depreciation recorded oil all enterprise <br />280 fund system assets. <br />281 <br />282 Q From time to time the City Council shall establish additional replacement funds as the <br />283 need and funding ability becomes available <br />284 <br />285 LI The City should per iodi'cally review and follow industry-recommended replacement <br />286 schedules for all City capital assets. <br />287 <br />288 Implei-nentation <br />289 The City shall use replacement funds to assist in the replacernent of equipment, vehicles, and <br />290 building maintenance. New equipment or buildings are to be funded from new dollars, unless <br />291 they are designated to replace currently depreciated assets. Funds from the replacement funds <br />292 may be used up to the amount available from depreciation of the replaced asset. Any additional <br />293 fundincy shall be from new sources. <br />294 <br />9 <br />