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.... .. .... <br />IMM I <br />L3 Within each enterprise fund, the City shall establish a funding mechanism to provide for th�k <br />general replacement of related infrastructure throughout the community. The funding should <br />equal the amount of accumulated depreciation recorded on all enterprise fund system assets,. <br />Lj From time to time the City Council shall establish additional replacement funds as the need aniii <br />funding ability becomes available <br />U The City should periodically review and follow industry-recommended replacement schedules <br />for all City capital assets. <br />j!pplementation <br />The City shall use replacement fimds to assist in the replacement of equipment, vehicles, and building <br />maintenance. New equipment or buildings are to be funded from new dollars, unless they are designated <br />to replace currently depreciated assets. Funds from the replacement fimds may be used up to the amount <br />available from depreciation of the replaced asset. Any additional funding shall be from new sources. <br />116FA <br />