(A) All revenues received by the Park Department from funds other than budgeted, general funds, tax revenues shall be placed in an independent non-reverting fund. The source of these revenues shall include but not be limited to admission fees, payment of rental for spaces such as shelter houses, reimbursement for mowing expenses made to the city pursuant to ordinance by third-parties who fail to properly mow their real estate and proceeds from the sale of concessions at the swimming pool. That these proceeds shall be placed in a non-reverting fund that shall henceforth shall be known as the "Park Department Non-Reverting Fund".
(1) Revenues generated by the swimming pool located at Baker Park and the sale of concessions at said swimming pool (now known as the Aquatic Center at Baker Park and the Walter Chambers Pool House) shall not be placed in the Park Non-Reverting Fund but rather 20% of said revenues shall be placed in the Pool Non-Reverting Fund as established by § 34.260 and 80% of said revenues shall be placed in the New Castle General Fund so that they may be utilized to partially reimburse said fund for the operation expenses associated with said swimming pool.
(2) Twenty percent of the funds generated from other park admission and rental fees shall continue to be placed in the city’s Park Non-Reverting Fund for its Park Department as established by this section. Eighty percent of such fees shall be paid in the General Fund to partially reimburse it for the costs of mowing and maintaining the city park system.
(B) Proceeds from this fund may be used to maintain park equipment, make capital improvements on park property, maintain the park facilities which would include the swimming pool, Baker Park, and Osborn Park structures and facilities, purchase equipment for the maintenance of said park property or for the generation of park funds such as mowers, vehicles, security equipment, and concession equipment. Provided the expenditure is for these purposes, the Clerk-Treasurer is authorized to pay claims from these funds without further ordinance or approval by this Council.
(C) The Clerk-Treasurer shall in all respects comply with standard accounting principles and the rules and regulations of the Indiana State Board of Accounts with regard to the maintenance and record keeping associated with this non-reverting fund.
(Ord. 3309, passed 2-4-02; Am. Ord. 3570, passed 5-18-09; Am. Ord. 3711, passed 12-1-14)