(A) The city will approve in writing the portion of the city’s annual budget that involves expenditures of hotel occupancy tax funds. This approval will be in advance of any expenditure.
(B) The City Secretary will prepare and submit a quarterly report to the City Council. The report must list all expenditures made by the city from the hotel occupancy tax revenue. The report should also list which category the expenditure qualifies under.
(C) The City Secretary will maintain complete and accurate financial records of each expenditure of hotel occupancy tax revenue. These records must be made available for inspection and review upon the request of the City Council or upon a request from any other person.
(D) The city will maintain the hotel occupancy tax revenue in a separate bank account established for that purpose. This account cannot be commingled with any other account.
(Ord. 1204-2, passed 12-13-2004)