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(1)
(a) A county may accumulate retained earnings in any enterprise or internal service fund or a fund balance in any other fund.
(b) Notwithstanding Subsection (1)(a), use of the county general fund shall be restricted to the following purposes:
(i) to provide cash to finance expenditures from the beginning of the budget period until general property taxes, sales taxes, or other revenues are collected;
(ii) to provide a fund or reserve to meet emergency expenditures; and
(iii) to cover unanticipated deficits for future years.
(2)
(a) The maximum accumulated unappropriated surplus in the county general fund, as determined prior to adoption of the tentative budget, may not exceed an amount equal to the greater of:
(i)
(A) for a county with a taxable value of $750,000,000 or more and a population of 100,000 or more, 25% of the total revenues of the county general fund for the current fiscal period; or
(B) for any other county, 65% of the total revenues of the county general fund for the current fiscal period; and
(ii) the estimated total revenues from property taxes for the current fiscal period.
(b) Any surplus balance in excess of the above computed maximum shall be included in the estimated revenues of the county general fund budget for the next fiscal period.
(3) Any fund balance exceeding 5% of the total county general fund revenues may be used for budgetary purposes.
(4)
(a) A county may appropriate funds from estimated revenue in any budget period to a reserve for capital improvements within any capital improvements fund which has been duly established by ordinance or resolution.
(b) Money in the reserves shall be allowed to accumulate from fiscal period to fiscal period until the accumulated total is sufficient to permit economical expenditure for the specified purposes.
(c) Disbursements from the reserves shall be made only by transfer to a revenue account within a capital improvements fund pursuant to an appropriation for the fund.
(d) Expenditures from the capital improvement budget accounts shall conform to all requirements of this act as it relates to the execution and control of budgets.