The Community Center is intended to be an Enterprise Fund of the city, and as such, the proceeds of the Center shall be kept separate and distinct from the other funds of the city. Board members should submit a proposed yearly operating budget prior to January 15 to the City Council for approval so that the Board’s budget may be included in the city’s budget. Income from all sources shall be included in the budget estimate. All bills of the Community Center shall be submitted to the City Clerk to be drawn against the funds of the Community Center. All proceeds of the Center shall be submitted to the City Clerk who shall credit the proceeds to the Community Center account and deposit them with an approved financial institution.