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Gas-Related Revenue &
Expense/Expenditure

Policy

to the respective Gas Lease Capital Project Fund.

13. Interest Income

Interest earnings received from any Gas Lease Endowment Fund will be allocated
solely to the respective fund’s Gas Lease Capital Project Fund.

VI. Expenditures/Expenses

Expenditures/Expenses of revenues derived from lease bonuses and royalties,
other gas-related revenue, and distributions from the Trust/Endowment Funds
shall be appropriated for one time program initiatives and capital projects which
meet one or more of the program and project criteria listed below:

1. Capital projects with a minimum ten (10) year useful life;

2. To provide matching grant funds to leverage funds for capital projects;

3. Technology with a minimum five (5) year useful life;

4. Acquisition of equipment and fleet assets including contributions to a
revolving replacement fund;

5. Capital equipment with a minimum ten (10) year useful life;

6. To fund one-time community-wide economic and neighborhood
development initiatives and projects;

7. To fund labor and materials associated with production, distribution
and establishment activities for trees on public property (including
school and county property);

8. To periodically transfer funds to the General Fund to offset budgeted
administrative costs associated with administering this policy and
managing the City’s gas leases and pipeline agreements, with the
allocation of the cost being proportional among all gas revenue funds
according to each fund’s relative percentage of the total revenue
collected in all funds (including the Trust/Endowment funds and City
affiliated corporation funds) during that reporting period;

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