(A) A special non-reverting capital fund, which has been established in addition to the general park fund, which is created for the purpose of acquiring land or making specific capital improvements from which expenditures may be made upon appropriation by the Council. The non-reverting park capital improvement fund shall be funded in the following manner:
(1) By monies and fees procured from the sale and/or disposition of land, property, facilities, and equipment that is no longer of use to the Board.
(2) From all profit of the Round Barn Golf Course at Mill Creek, 10% of the amount in excess of the anticipated gross revenues of the Round Barn Golf Course at Mill Creek, as set forth in the annual budget calculations for any given year.
(3) All monies acquired from the rental of picnic shelters and picnic sites.
(4) Monies received from donations or grants received from the general public or governmental agencies which are designated for use in the construction of a particular capital improvement, as well as donations and grants which are not designated for any particular purpose.
(5) Monies from the general park fund which the Council may, from time to time, appropriate for such purpose.
(6) Seventy percent of the income from the rental of golf carts at the Round Barn Golf Course at Mill Creek.
(B) Disbursements shall be made from the special non-reverting park capital improvement fund on approved claims allowed and signed by the president and the secretary of the Board following appropriation by the Council.
(Ord. 37-1994, passed 11-22-94; Am. Ord. 05-1999, passed 3-9-99; Am. Ord. 11-2011, passed 9-27-11; Am. Ord. 04-2021, passed 3-23-21)