The County Council hereby establishes a Rainy Day Fund, pursuant to I.C. 36-1-8-5.1, and that such fund shall be entitled to hereafter receive a transfer of such funds and from such sources as may be, from time to time, determined by resolution of this Council, but any annual transfer to be in an amount not to exceed 10% of the county’s annual budget for that fiscal year, and that any expenditure from said fund, after the required appropriation, has been for such purpose and in such amounts as the Council, by resolution may, from time to time, determine.
(Council Ord. 2004-01, passed 1-26-2004)