Chapter 3.22
LIBRARY NONEXPENDABLE
TRUST FUND
Sections:
3.22.010 Created.
There is created and established a separate fund to be known and designated as the library nonexpendable trust fund, to be used for the purpose of receipting, disbursing and accounting for moneys held in trust for the Grandview Library. (Ord. 2015-13 § 1; Ord. 1246 § 1, 1989; Ord. 1103 § 1, 1984).
3.22.020 Administration.
The library trust fund created by this chapter shall be administered by the city treasurer. (Ord. 2015-13 § 1; Ord. 1246 § 1, 1989; Ord. 1103 § 2, 1984).
3.22.030 Accounts.
There shall be kept, by those directed by the city treasurer, such books, accounts and records as are necessary to control and report the financial operations of the library trust fund. (Ord. 2015-13 § 1; Ord. 1246 § 1, 1989; Ord. 1103 § 3, 1984).
3.22.040 Source of funds.
The source of funds deposited to such library trust fund shall be from gifts received by the city on behalf of the Grandview Library and also interest earned on any investment of the gifts. (Ord. 2015‑13 § 1; Ord. 1246 § 1, 1989; Ord. 1103 § 4, 1984).
3.22.050 Expenditures.
The expenditures of library trust fund moneys shall be in accordance with the laws of the state and in accordance with written instructions of the benefactor(s). (Ord. 2015-13 § 1; Ord. 1246 § 1, 1989; Ord. 1103 § 5, 1984).