Chapter 3.66
CARRIE BLAKE PARK TRUST FUND
Sections:
3.66.020 Fund 701 established.
3.66.030 Disposition of principal and income from fund.
3.66.040 Fund presented in annual budget report.
3.66.010 Purpose.
It is the purpose of this chapter to establish a nonexpendable trust fund into which the sum of $25,000 bequeathed to the city by Albert Haller may be placed, with the principal to remain undistributed and the net income therefrom to be used from time to time at the discretion of the city for the purposes of maintaining, caring for and improving Carrie Blake Park, a municipal park. (Ord. 2009-036 § 1; Ord. 640 § 1, 1992)
3.66.020 Fund 701 established.
It is hereby established in the city Fund 701, which shall be a nonexpendable trust fund. (Ord. 2009-036 § 1; Ord. 640 § 2, 1992)
3.66.030 Disposition of principal and income from fund.
The principal balance of the fund shall remain in accordance with the terms of the bequest of Albert Haller, and the net income from the fund may be expended only for purposes of maintaining, caring for and improving Carrie Blake Park, a municipal park. (Ord. 2009-036 § 1; Ord. 640 § 3, 1992)
3.66.040 Fund presented in annual budget report.
This fund, once established, shall be presented upon the city’s annual budget report and deposits of interest thereto and expenditures therefrom shall be shown in like manner as for other city funds. (Ord. 2009-036 § 1; Ord. 640 § 4, 1992)