(A) There is created a Park and Recreation Fund.
(B) All funds coming from taxes levied by the town and appropriated by the Town Council, other than funds designated for the non-reverting Capital Improvement Fund, shall be placed in the Fund and paid out on claims allowed by the Town Council pursuant to appropriations.
(C) Any moneys remaining in said Fund at the end of the year and not committed shall revert to the General Fund of the town and be subject to appropriation for this Fund or for any other fund as determined by the Town Council.
(Ord. 1995-8, passed 8-7-1996)