(A) Establishment of Trust. There is hereby created a Records Preservation Trust Fund and Account for the purpose of accepting and disbursing revenue from marketing merchandise and other related activities for the preservation of records and archival materials.
(B) Purpose of Trust. This trust shall be utilized to offset the cost of preserving, supporting, and maintaining an ongoing city-wide Records Management and Archives Program.
(C) Authorization. The Records Manager is hereby authorized to accept donations, to acquire manuscript materials, and to loan material for community, cultural, and educational activities.
(D) Annual Appropriation. The Department of Financial Services shall appropriate all funds resulting from revenue generated by the marketing activities, to the Office of Information Services, Hollywood Archives and Records Center, during the annual city operating budget process.
(E) Treatment of Deposited Funds. The Department of Financial Services is authorized to deposit funds to an interest bearing account and use them for other investment purposes.
(F) Rollover of Funds. There shall be from the Trust Fund Account a transfer of the unencumbered balance at the end of each fiscal year, which shall be appropriated to the same account and put into effect for the following fiscal year.
(G) Trust Assets. All trust assets, including interest earned on all funds deposited in the Trust Fund, shall be expended, utilized, and disbursed only for the City of Hollywood Archives and Records Center.
(Ord. O-94-68, passed 12-21-94; Am. Ord. O-95-67, passed 11-1-95)