(A) Creation of Chandler Police Department Gift Fund. There is hereby established a "Chandler Police Department Gift Fund ".
(B) Deposits into Chandler Police Department Gift Fund. When the Town of Chandler or Chandler Police Department receives gifts, donations and/or subsidies for Police Department purposes, the funds shall be deposited into the Chandler Police Department Gift Fund.
(C) Fund purpose. Money in the fund may be used for any legal or corporate purpose of the Chandler Police Department consistent with the purposes specified by the grantor of such gift, donation and/or subsidy, if any.
(D) Prohibited use. The Chandler Police Department Gift Fund may not be used to reduce the town's maximum or actual property tax levy.
(E) Fund expenditure process. Before making an expenditure or draw a warrant from the Chandler Police Department Gift Fund, the Clerk-Treasurer shall be presented a claim voucher approved by the Chandler Town Council certifying that the proposed use of the Chandler Police Department Fund is consistent with the intent of the fund.
(F) Administration of fund. The Chandler Police Department Gift Fund established under this section shall be administered by the Clerk-Treasurer and the expenses of administering the fund, if any, shall be paid from money in the fund. Money in the fund not currently needed to meet the obligations of the fund may be invested in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the fund. Money in the fund at the end of the fiscal year shall not revert to the town's general fund.
(Ord. 2008-6, passed 7-21-2008)