(A) An account is established for the deposit of monies for the Bi- Centennial Event. The monies for this fund will come from donations to the event.
(B) The account shall be named the Bi-Centennial Event Fund and all funds contained in the account shall be expended only for the limited and exclusive purpose of the Bi-Centennial Event.
(C) The express and written approval of the Board of Public Works and Safety shall be obtained prior to the expenditure of funds from the account.
(D) The account shall be nonreverting and exist until grant monies have been expended and the fund has been audited by the State Board of Accounts.
(E) If the account is terminated by a subsequent ordinance enacted by the Common Council, the remaining balance of the terminated account shall revert to the general budget of the Common Council.
(Ord. 2007-17, passed 12-4-07)