(A) There is hereby established a special nonreverting operating fund for park purposes pursuant to IC 36-10-3-22(b)(1) for the city. The expenditures from such fund shall be appropriated by the Board of Park Commissioners.
(1) The following expenditures may be made from the fund: management, maintenance, materials, and other expenses related to self-supporting activities sponsored by the Parks and Recreation Department.
(2) The following deposits may be made into the fund:
(a) Fees collected for trips, classes, leagues and similar activities sponsored by the Parks and Recreation Department.
(b) Fees from golf courses, swimming pools, skating rentals and other major facilities managed by the Parks and Recreation Department, other than those fees designated for deposit in the parks special nonreverting capital fund.
(B) There is hereby established a special nonreverting capital fund for the purposes of making capital improvements to municipal golf courses and other major facilities managed by the Parks and Recreation Department pursuant to IC 36-10-3-22(b) (2). The expenditures from the fund shall be limited to capital improvements. However, expenditures from the fund for specific capital improvements shall not exceed the amount of fees/charges collected from the operation of the facility to be improved. The amount of fees and charges levied and collected for deposit in the nonreverting capital fund shall be established by the Board of Park Commissioners.
(C) Procedures for all expenditures from both the nonreverting operating fund and the nonreverting capital fund shall conform to all existing state and local statutes and in accordance with all current rules, policies and regulations as established by the Board of Park Commissioners, City Controller, and Common Council.
(D) Any appropriation made to establish and maintain either of said funds shall revert to the designated fund only, unless a statute provides otherwise.
(Ord. G-21-91, passed 7-15-91)