All taxes collected pursuant to provisions of this chapter shall be placed in the General Funds of the City, shall be budgeted and appropriated annually by the City, and shall be expended exclusively for the following purposes: a) one- quarter (1/4) of the revenues generated shall be used to support the Stroud Fire Department, b) one-quarter (1/4) of the revenues generated shall be used to support the Stroud Police Department; and c) one-half (1/2) of the revenues generated shall be used to support tourism and recreation initiatives of the City (collectively, the "authorized purpose"), for the use and benefit of the City and any public trust having the City as beneficiary thereof and/or for the payment of debt service in connection with obligations heretofore issued or to be issued to finance or refinance expenditures and related costs for such authorized purpose. (Ord. 322, 12-8-2016)