(A) There is hereby established a Rainy Day Fund for the city pursuant to I.C. 36-1-8-5 and 36-1-8-5.1
(B) The Rainy Day Fund is subject to the same appropriation process as other funds that receive tax money. Before making an appropriation from the Rainy Day Fund, the fiscal body shall make a finding that the proposed use of the Rainy Day Fund is consistent with the intent of the fund.
(C) In any fiscal year, the city may not transfer more than 10% of the city's total budget for that fiscal year to the Rainy Day Fund.
(Ord. G-09-04, passed 4-27-04)