(A) Establishment of fund. There is established, pursuant to I.C. 36-10-3-22, a special non-reverting capital fund to be designated as The Brownsburg Park and Recreation Capital Improvement Fund.
(B) Purpose. The purpose of the Park and Recreation Capital Improvement Fund is to allow for the collection of fees, donations, and revenue from vending machines, and to allow for depositing those fees, donations, revenues from vending machines in the fund for the purpose of future land acquisition or specific capital improvements as may be deemed necessary by the Board for future improvement or expansion of the Parks Department.
(C) Fees, donations, and revenue from vending machines established. Fees may be established and collected by the Park and Recreation Board for particular special events held on park property as the Board may deem necessary for that specific event. Private organizations who hold their event on park property and who charge admission for the event shall donate a portion of those charges to The Park and Recreation Capital Improvement Fund. Revenue from all vending machines placed on park property and accessible to the public shall be placed in the fund.
(D) Collection and expenditure of fees, donations and revenue from vending machines. Fees, donations and revenue from vending machines collected pursuant to this section shall be deposited in a separate account to be known as The Brownsburg Park and Recreation Capital Improvement Fund Account, and may thereafter be expended, with appropriation, at the discretion of the Park and Recreation Board for any department purpose reasonably related to land acquisition or specific capital improvements to existing land or facility under the Board's direct supervision.
(E) Rental fees to Brownsburg Park and Recreation Capital Improvement Fund. Fees, donations and revenue collected by the Park and Recreation Board associated with the rental of the Park and Recreation Board Facilities and collected pursuant to § 40.10 shall be deposited in "The Brownsburg Park and Recreation Capital Improvement Fund Account" and may thereafter be expended, with appropriation, at the discretion of the Park and Recreation Board for any department purpose reasonably related to land acquisition or specific capital improvements to existing land or facilities under the Board's direct supervision.
(F) Retention of funds. Money in the capital improvement fund account shall be kept in an account in a place and manner as directed by the Clerk-Treasurer, and a semi-annual report shall be made to the Park and Recreation Board of account balances and interest accrued.
(`92 Code, § 2-318) (Ord. 93-17, passed 6-10-93; Am. Ord. 96-53, passed 12-12-96; Am. Ord. 2004-01, passed 1-8-04; Am. Ord. 2004-02, passed 1-8-04)
Cross-reference:
Facility Rental Rules and Guidelines, see § 94.17
Park and Recreation Rental Fees schedule, see § 40.10