Chapter 3.32
PARK CUMULATIVE
RESERVE FUND
Sections:
3.32.010 Authority.
The city council and mayor desire to avail themselves of the provisions of Chapter 60 of the Laws of 1941, for the purpose of creating a cumulative reserve fund for the parks department. (Ord. 712 § 2, 1988; Ord. 168 § 1, 1942)
3.32.020 Established.
There is created a fund to be known as the “Park Cumulative Reserve Fund” for the purpose of purchasing materials and equipment, and making improvements. All moneys deposited to the account, either by donation or by tax levy, shall not lapse at the end of the fiscal year, and shall be used for the purpose named in this chapter only. (Ord. 168 § 3, 1942)