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-2- Draft #1 <br /> Contingency Fund Policy <br /> August 31, 1995 <br /> IV. RESPONSIBILITY AND AUTHORITY <br /> A. All expenditures from the Contingency Fund shall be <br /> approved by a 4/5 vote of the Council. <br /> B. The City Council shall review the Fund during the annual budgeting <br /> process and determine the resource allocation for the following year. <br /> C. The Council shall review the status of the Contingency Fund use each <br /> quarter. <br />