1. Equipment rental operating fund, into which shall be placed those portions of the charges made to the various departments of the city of Aberdeen, in accordance with the provisions of Section 3.12.030, which are specifically billed said departments to provide sufficient moneys to pay the salaries and wages, materials, overhead or other costs necessary to operate and maintain all motor vehicle equipment rented thereto. There shall also be placed into the operating fund moneys which may from time to time be made specifically available thereto by action of the city council;

2. Equipment rental reserve fund, into which shall be placed those portions of the charges made to the various departments, in accordance with the provisions of Section 3.12.030, which are specifically billed said departments to provide sufficient moneys, having first taken into consideration the necessary operating and maintenance costs billed under the preceding paragraph, to pay the costs of purchasing new equipment and replacing used equipment as required to carry out the purposes of the equipment rental fund. There shall also be placed in the reserve fund moneys which are derived from the direct sale of any of the equipment or other capital assets of the fund and any moneys which may from time to time be made specifically available thereto by action of the city council.

3. It is intended that both equipment rental funds be subdivided into individual equipment unit accounts that will insure that each unit will be self-sustaining and worthwhile.