(A) The Board of Trustees shall submit a detailed budget of expenditures for the coming year, which said budget shall be approved or rejected by the City Council.
(B) All library income shall be received by the City Treasurer and credited to the General Fund, including all fines and money received by the librarian, to be deposited monthly with the City Treasurer; provided, further, that said Board may operate a petty cash account, which said account shall not be greater at any time than the sum of $25.
(C) No contract shall be entered into by the Board which cannot be completely performed within one year from the date of execution, without the consent of the City Council thereto; and it is further provided that a vote of a majority of the entire Board shall be necessary to enter into a contract or to ratify a contract.
(Prior Code, § 14.02.060) (Ord. 1, passed 1-17-1980)