There is hereby created a special reserve fund to be known as the “improvement revolving fund” which may be used by the city for the interim financing of improvement districts and the financing of applications to pay assessments in installments for local improvement districts in the city of North Bend. None of such funds shall revert to the general fund or be transferred to any other fund except as authorized by a resolution of the North Bend city council. (Ord. 1763 § 1, 1990)