(A) The fiscal year of the Board shall conform to the fiscal year of the city. The Board shall, prior to the adoption of annual budget ordinance by the Council each year, submit appropriate budgets as a request to the Council to levy and collect a playground and recreation tax, and any other requests for fund assistance, required by law. The proceeds of the playground and recreation tax and any funds coming into the Board for playground and recreation purposes, shall be held by the City Treasurer, required by law, and paid out by him or her only with the approval of the Board on vouchers signed by the President or Vice-President and Secretary of the Board.
(B) The City Treasurer shall, by virtue of his or her office, prepare an annual report in writing, which report shall show receipts from taxes and from other sources as a financial statement due prior to September 1.
(1960 Code, § 3.27) (Ord. 3823, passed 9-8-1981)