(a) The Director of Finance is hereby authorized and directed to create the Gilles-Sweet Community Center Enterprise Fund as a special fund in the City Budget. This fund shall be maintained as a separate account on the books of the City and shall, in detail, state all revenues and receipts including source thereof, all transfer including the source thereof, all expenditures including the purpose thereof, and such other information as necessary to indicate the status of the Fund.
(b) The Director of Finance shall provide, in writing to Council, at the end of each fiscal quarter a report which indicates the status of the fund, including the information required in the first paragraph hereof. (Ord. 82-91. Passed 2-7-83.)