137.03 REPORTS.
   (a)   The Recreation Commission is accountable to the Village Council and shall abide by those laws and ordinances governing the Village of Golf Manor. Upon request of Council, no less than annually, the Chair of the Recreation Commission shall present a report to Council outlining the programs and a status of all recreation facilities within the Village of Golf Manor, or such other information as Council shall request.
   (b)   At the second meeting in January each year, the Chair of the Recreation Commission shall present to the Council a financial report concerning the previous years’ operations and anticipated operations of the Recreation Commission for the coming calendar year. Such report shall include an accounting of all income and expenditures during the previous calendar year, and a budget projecting anticipated revenues, and the source of such revenues, and anticipated expenditures for the coming calendar year. The Recreation Commission shall expend a minimum of twenty-five percent (25%) of the previous calendar year’s net income and the subsequent calendar year for municipal park improvements and recreational programs within the municipal park and swimming pool complex. The accounts and records of the Recreation Commission may be audited by Council, or at Council’s request by the State Auditor, bi-annually.
(Ord. 96-23. Passed 1-13-97.)