In the event the city contracts with a corporation to administer the funds collected under this chapter, any funds collected by voluntary contribution by such corporation from whatever source, shall not be subject to an accounting to city, provided, however, that in any budget presented to the city for the approval of the project, said corporation shall in such budget set out the amount of funds proposed to be used, derived from any source, i.e., tax sources, license tax sources, or voluntary contributions, in order that the city council may appropriately determine the feasibility of the project and the ability of the corporation to finance same.
(Ord. 1125 §12)