(A) An account is established for the deposit of monies to operate and maintain the Community Development Program and Event Fund. The name of the account shall be the Community Development Program and Event Fund. The monies for this fund may be received from any source.
(B) The Community Development Program and Event Fund shall be used to fund the events and programs executed through the city's Community Development and Outreach Office.
(C) The express and written approval of the Board of Public Works and Safety of the City of Madison shall be obtained prior to the expenditure of funds from the account.
(D) In accordance with IC 36-7-9-14(a), any balance remaining in the fund, at the end of a fiscal year, shall be carried over in the fund for the following year, and shall not revert to the general fund.
(E) If the account is terminated by a subsequent ordinance enacted by the Common Council of the City of Madison, Indiana, the remaining balance of the terminated account shall revert to the general budget of the Common Council of the City of Madison, Indiana.
(Ord. 2010-8, passed 5-25-10)