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<br />203.03 203.04 <br /> <br /> <br />203.03: REVENUE SHARING FUND: <br /> <br />Subd. 1. Definitions: As used in this Section, the definitions adopted pursuant to <br />31 Code of Federal Regulations subtitle B, part 51, Federal Assistance to State and Local <br />Governments are hereby adopted by reference. (1988 Code §21.01) <br /> <br />Subd. 2. Fund Established: There is hereby established and created a trust fund designated <br />as the “Revenue Sharing Fund” wherein there shall be deposited all entitlement funds <br />received by the City pursuant to the Revenue Sharing Act. The uses and accounting for <br />the aforementioned funds and all regulations pertaining to said funds pursuant to <br />31 Code of Federal Regulations, subtitle B, part 51, Federal Assistance to State and Local <br />Governments are hereby adopted by reference and any future regulations amending or <br />supplementing this Section. (1988 Code §21.02) <br /> <br /> <br />203.04: LAKESIDE PARK FUND 1: <br /> <br />Subd. 1. Fund Established: There is hereby established and created a fund designated as the <br />“Lakeside Park Fund”, hereinafter in this Section referred to as the “Fund”. <br />(1988 Code §22.01) <br /> <br />Subd. 2. Purpose: The purpose of the Fund is to account for expenses relating to the <br />operation, maintenance and improvement of Lakeside Park. There shall be deposited in <br />the Fund contributions and/or donations received from other governmental units, <br />corporations and/or individuals, transfers from other City funds and fees charged for <br />recreation activities conducted at the Park authorized by the City and supervised by the <br />Director of Parks, Recreation and Forestry or such other designee as authorized by the <br />Council. (1988 Code §22.02) <br /> <br />Subd. 3. Use of Fund: Such funds shall be used for the direct operating expense, <br />maintenance and improvements of Lakeside Park and for the direct operating expenses of <br />recreation activities conducted at the Park. (1988 Code §22.03) <br /> <br />Subd. 4. Expenses: All expenses from the Fund shall be approved by the Council. <br />The Director of Parks, Recreation and Forestry may recommend expenses for approval. <br />(1988 Code §22.04) <br /> 1 See Chapter 905 of this Code for parks, playgrounds and recreation. <br />City of Mounds View <br />