Revenues received in the equipment rental fund shall be expended for salaries, wages and operations required for the repair, replacement, purchase and operation of equipment, and for the purchase of equipment, materials and supplies to be used in the administration and operation of the fund. Transfers of moneys from the equipment rental fund to the cumulative reserve fund for equipment purchase shall be made periodically from revenues received and allocated for the acquisition and replacement of equipment and from available funds by action of the city council. (Ord. 1079 § 1, 1983).