There is hereby established a City of Columbus Fund (the “Fund”). The Fund is created pursuant to Minnesota Statutes, Section 349.213, Subdivision 1, to collect, administer, and disburse ten (10) percent of the net profits derived from lawful gambling.
A. The purpose of the fund is to enhance and improve the quality of life for Columbus residents. The fund will provide financial resources to charitable programs located within the City and/or to police, fire, and other emergency or public safety-related services, equipment, and training, excluding pension obligations.
B. The Fund shall be administered by the City Administrator based on allocations made annually by the City Council.
C. No costs of administration shall be charged to the Fund. All proceeds collected shall be disbursed under the provisions of this Section and in accordance with State law.
D. Every organization which receives funds from the Fund shall file an annual accounting indicating how the funds were spent.
E. Every organization which receives funds from the Fund shall be deemed to have consented to an audit of its books and records by the City to verify the property use of the funds received.
[CHAPTER 4, ARTICLE VIII, Section 4-806,added by Ord. No .12-07, effective October 4, 2012, Section 4-806(D) amended by Ord. No. 15-04, effective September 10, 2015.]