(A) Fund established. There is hereby established and created a fund designated as the “Lakeside Park Fund”, hereinafter in this section referred to as the “fund”.
(B) Purpose. The purpose of the fund is to account for expenses relating to the operation, maintenance and improvement of Lakeside Park. There shall be deposited in the fund contributions and/or donations received from other governmental units, corporations and/or individuals, transfers from other city funds and fees charged for recreation activities conducted at the park authorized by the city and supervised by the Director of Public Works/Parks and Recreation or other designee as authorized by the Council.
(C) Use of fund. The funds shall be used for the direct operating expense, maintenance and improvements of Lakeside Park and for the direct operating expenses of recreation activities conducted at the park.
(D) Expenses. All expenses from the fund shall be approved by the Council. The Director of Public Works/Parks and Recreation may recommend expenses for approval.
(E) Accounting. The Director of Public Works/Parks and Recreation shall be responsible for and shall prepare an annual accounting of the fund. This shall include all revenues, expenses and balances at the end of each calendar year. All funds received shall be deposited with the city’s Finance Director as provided for in § 32.016 of this code of ordinances.
(F) Transfer of Funds. The Council may transfer funds into the Recreation Activity Fund from any source, but there shall be no transfer of funds from the Recreation Activity Fund, except for the purposes enumerated herein.
(Prior Code, § 203.04) (Ord. 944, passed 06-25-2018)