35.21 SPECIAL NONREVERTING FUND FOR NEW ALBANY-FLOYD COUNTY COMMUNITY PARK; GIFTS.
(A) Any gift, grant of money. donations or subsidies made to the City Park and Recreation Board for the New Albany-Floyd Community Park shall be deposited in a special nonreverting fund which is established, to be available for expenditure by such Board for purposes specified by the grantor of the gift, grant of money, donation or subsity.
(B) The disbursing officers of the city or county shall draw warrants against such special nonreverting fund only upon vouchers signed by the President and Secretary of the Board.
(71 Code 34.15) (ord. G-65-193, passed 2-1-65)
35.23 EXPENDITURE APPROVAL AND PERIODIC REPORTS FOR NONREVERTING FUNDS.
(A) An departments, boards and commissions of the city which have established or which may in the future establish nonreverting funds must account for these funds.
(1) A monthly and annual year-end report listing income and expenditures must be presented to the members of the Common Council of the city, by each board for every nonreverting fund under it's control.
(2) Such reports shall be delivered to the City Clerk, who shall make all necessary copies for distribution to members of the Common Council.
(B) Expenditures totaling more than $500.00 per year shall require approval of the Common Council.
