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(A) An account is established for the deposit of monies to fund the activities of the Public Video Service Board, including the daily operation and maintenance of the community's public access PEG station. The name of the account shall be the Public Video Service Fund. The monies for this fund may be received from any source, including appropriations by local, state, or federal government, and donations.
(B) The Public Video Service Fund shall be used to carry out the mission of the Board, including the operation and maintenance of the community's public access PEG station.
(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 fund.
(Ord. 2010-21, passed 12-7-10)