As a condition for expending an appropriation equal to or greater than $1,000 in a calendar year from any fund that is supported by the collection of any tax, regardless of the origin of said tax, when the expenditure will be paid to a nongovernmental entity in the form of a contribution is support of a valid public purpose, it is hereby required that:
(A) The Town Council or the Town Board that approves the payment of the contribution shall make it a condition of the payment that the nongovernmental entity receiving the funds provide to the Town Clerk-Treasurer an accounting of the total donations and other fund-raising revenues received by the entity and of the expenditures completed specific to the public purpose that the town is seeking to promote;
(B) Such accounting shall be provided to the Clerk-Treasurer within 90 days after the activity or event’s conclusion; and
(C) The Clerk-Treasurer shall provide a copy of the accounting to the Town Council or the Board that approved the expenditure prior to next meeting following the receipt of the accounting.
(Ord. 2016-06, passed 7-28-2016)