(A) The City of Lawrenceburg shall, and does hereby create a new non-reverting fund to be known as the Donation Fund (508).
(B) The Donation Fund shall receive monies from the Municipal Development Fund and any donations given to the city.
(C) Upon receiving a donation request, the Donation Committee will recommend approving or denying the request and pass it onto the Common Council for final decision. The Donation Committee is appointed by the Mayor.
(D) The Donation Fund is subject to the same appropriation process as the other funds that receive tax money and shall be spent when necessary with the approval of Common Council.
(E) Upon dissolution, the fund balance from the Donation Fund will be transferred to the Municipal Development Fund.
(Ord. 16-2017, passed 12-18-17)