The fiscal year under which the Park and Recreation Commission shall operate shall be from July 1 through June 30. The Commission shall prepare an annual budget. Such budget shall be submitted to Council and to any other agency participating in the financing of the recreational activities of the Commission. Such annual budget for the ensuing fiscal year shall be so submitted not later than March 1 preceding the beginning of the fiscal year in question. Such annual budget shall be reviewed by Council and by any other agency participating in the financing of recreational activities of the Commission. It is intended that the preparation of the annual proposed budget by the Commission shall be an administerial act only.
(Ord. 170. Passed 5-20-57.)