A. No part of the unappropriated, unreserved and unobligated part of the fund balance of an enterprise fund may be transferred to the general fund or appropriated for a use other than for the benefit of the property or operation of the enterprise so long as there remain outstanding any bonds, notes or similar debt secured by the pledge of the enterprise fund unless the city has obtained the concurrence of all holders of the bonds or other debt instruments to such appropriation or other transfer of the funds. A transfer or appropriation authorized under this subsection is subject to the limitations of subsection B of this section.

B. By an appropriation or other ordinance, the council may transfer a part of the unappropriated, unobligated and unreserved fund balance of an enterprise so long as there remains in the unappropriated, unobligated and unreserved part of the fund balance an amount equal to the greater of either twenty (20) percent of the total actual expenses for the preceding fiscal year or twenty (20) percent of the budgeted expenses for the current fiscal year. [Ord. 99-13 § 2.]