A. Interfund loans may be used to offset timing of cash flows, interim capital funding, short-term capital funding in lieu of external financing, or for other needs as deemed appropriate.

B. Interfund loan proceeds may only be used for the purpose identified in the authorizing Ordinance.

C. Interfund loans should not be made where the source of repayment cannot be clearly identified or is in doubt. The borrowing fund must show that there is a stream of funding that will be used as the primary source of repayment and that this source of repayment will be sufficient over the life of the loan to service the debt.