(A) A Mayor's Discretionary Fund in the amount of $5,000 per year is created. The annual appropriation ordinance shall reflect this fund each ensuing year until provided otherwise by Council
(B) The Mayor shall be empowered to draw against the fund in order to finance bona fide village goals and objectives. The Mayor may draw against the fund either in advance of the activity contemplated, with any overage to be returned to the fund, or the fund may be used to reimburse the Mayor for expenditures made within the calendar year. Expenditures made from the fund shall be ordinary and necessary in relation to the needs of or business of the village, as set forth in I.R.C. Rule 162(a).
(Ord. 90-O-5, passed 2-14-1990)