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al Additional revenue deposited in the maintenance fund may consist of grants and <br />private contributions intended for the purpose of this section (d), proceeds from <br />the sale of general obligation bonds authorized and issued for the purpose of this <br />section, council appropriations for the purpose of this section, and any other <br />source of revenue. <br />(f) Accounting for the maintenance fund; interest bearing accounts, and reporting by the <br />department of finance. <br />(1) All moneys in the maintenance fund shall be deposited in interest bearing <br />accounts until needed. Any interest shall accrue to the maintenance fund. <br />(2) Moneys in the maintenance fund shall be identified separately for: <br />(A) Funding received from the real property tax revenue including interest and <br />penalties; <br />(B) Funding received from grants and private contributions, and any other <br />source of revenue, and its interest earned: <br />i. Shall be itemized and earmarked for specific projects for the lands <br />or easements. <br />ii. These funds shall not be subjected to the maximum accrual of <br />funds limit in (g) below; and <br />(C) Financial statements shall be posted each month on the Public Access, <br />Open Space and Natural Resources Preservation Fund web site. <br />Maximum accrual limit in maintenance fund; exemption to funding. <br />al Only moneys derived from real property tax revenue, its interest, and its penalties <br />shall be included in the computation of the maximum accrual limit for the <br />maintenance fund. <br />al The maximum accrual limit for unencumbered funds originating from (e)(1) <br />above shall not exceed $3,000,000. <br />(3) At the end of any fiscal year in which the maintenance fund holds unencumbered <br />funds of at least $3,000,000 received from (e)(1) above, any unencumbered <br />amount in excess of that $3,000,000 shall be permanently transferred to the <br />general fund balance. <br />(A) Exemption to funding. If the maintenance fund holds three million dollars <br />in unencumbered funds from (e)(1) above, then the council and the <br />executive branch do not need to add more money to the maintenance fund <br />until the next budget cycle. This exemption shall not release the <br />administration from its mandatory duty to maintain and preserve lands and <br />easements acquired by the public access, open space, and natural resources <br />preservation fund in good repair for public safety each fiscal year. <br />all Moneys received from grants and private contributions specifically <br />directed to the maintenance fund shall be held separately from those <br />moneys in the maintenance fund that originated from property taxes, its <br />interest, and its penalties and shall not be subjected to the maximum <br />accrual limit above. <br />(h) The maintenance fund shall be used solely for public safety maintenance and preservation <br />of those lands and easements acquired by the public access, open space, and natural resources <br />preservation fund, and may be used only for expenditures directly related its purpose. <br />2 <br />