(A) Establishment. Effective January 1, 1977, a fund to be known as the Park and Recreation Fund is established.
(B) Deposits. All appropriations of the existing Park Fund of the general fund shall be transferred to the Park and Recreation Fund on January 1, 1977. Appropriated but unspent monies of the Park Fund for 1976 shall also be transferred to the Recreation Fund. Balances transferred under this section shall be those existing as of December 31, 1976.
(C) Transfers. The Recreation Fund from and after January 1, 1977, shall be known as the Park and Recreation Fund. All appropriations of the Recreation Fund, including all tax draw monies transferred from the Park Fund of the general fund as well as appropriated by unspent monies of 1976 of the fund existing on December 31, 1976, shall automatically be transferred into the Park and Recreation Fund.
(D) Appropriations. All appropriations and funds budgeted for the Park Fund of the general fund and the Recreation Fund for the fiscal year of 1977 shall be transferred into the Park and Recreation Fund on January 1, 1977.
(`84 Code, § 2-52) (Ord. 225, passed 12-21-76)