(A) Establishment of non-reverting fund. The Council hereby establishes the Community Center Fund, Fund Number 2781 (the “Fund”), to be designated as a local non-reverting fund.
(B) Purpose. The Fund shall serve as a local non-reverting fund for the purposes of (a) receiving proceeds as revenue from users of the Fishers Community Center from programs, facilities, and resources; and (b) paying applicable expenses relating to the Fishers Community Center relating to programs, facilities, and resources.
(C) Administration of the Fund. The Controller shall keep records and monitor activities of all receipts into the Fund. Disbursements may be made from the Fund without the necessity of appropriation by the Council upon a valid claim being presented to the city subject to any other requirements by state law. The Community Center will determine and adopt an annual budget each year as part of the city’s annual budget process.
(D) All monies remaining in the Fund at the end of every budget year shall not revert to any other source; rather, monies shall continue to be held in this non-reverting fund, from year to year.
(Ord. 081924, passed 8-19-24)