The Finance and Administration Department shall each fiscal year designate and set aside funds in the General Fund budget for Municipal grants in an amount as follows:
A. The funds for the total number of grants each fiscal year shall not exceed one-fourth (1/4) of one percent (1%) of the projected General Fund revenue for that year; and
B. The amount of this grant shall appear as a line item in the nondepartmental budget.
C. The Council, in adopting the general budget, shall determine the amount to be set aside for grants for the fiscal year beginning July 1. (Ord. 19-05: Ord. 17-17)