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earnings of the Closed Bond Fund will be used to provide supplemental financing <br />for debt service tax levies. <br />4. Fund balances in the Municipal Development Capital Project Fund shall be <br />considered as committed for community development and re -development and <br />initial project costs. <br />5. Fund balances in other capital project funds will be considered as assigned, <br />consistent with the purpose of their respective funds. <br />AUTHORITY <br />Finance Director is authorized to assign amounts within the fund balance of the City's <br />mimental funds to be used for specific purposes in conformity with GAAP and GASB <br />ouncements and to be consistent with this policy and the intent of the City Council. <br />Page 6 of 6 <br />