Agenda Packets - 2015/01/05 (2) - Laserfiche WebLink

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203.04 203.05 Subd. 5. Accounting: The Director of Parks, Recreation and Forestry shall be responsible for and shall prepare an annual accounting of the Fund. This shall include all revenues, expenses and balances at the end of each calendar year. All funds received shall be deposited with the City Finance Director/Treasurer as provided for in Section 106.04 of this Code. (1988 Code §22.05) Subd. 6. Transfer of Funds: The Council may transfer funds into the Recreation Activity Fund from any source, but there shall be no transfer of funds from the Recreation Activity Fund, except for the purposes enumerated in subdivision 203.07(3) of this Chapter. (1988 Code §22.06) 203.05: PARK AND PLAYGROUND FUND 1: Subd. 1. Fund Established: There is hereby established and created a fund designated as the “Park and Playground Fund”, hereinafter in this Section referred to as the “Fund”. (1988 Code §23.01) Subd. 2. Purpose: There shall be deposited in said Fund all cash payments received by the City pursuant to the provisions of Section 1204.02 of this Code. (1988 Code §23.02) Subd. 3. Section 1204.02 Payments: Such payments shall only be used by the City for the acquisition of land for parks, playgrounds, public open space or storm water holding areas or ponds, development of existing parks and playground sites, public open space and storm water holding areas or ponds and debt retirement in connection with land previously acquired for such public purposes. (1988 Code §23.03) Subd. 4. Transfer of Funds: Section 1204.02 deposits may not be transferred out of the Fund, except for the purposes enumerated in subdivision 3 above. Other receipts may be transferred by the Council into the General Fund for the purposes enumerated in subdivision 3 above. (1988 Code §23.04) 1 See Chapter 905 of this Code for parks, playground and recreation. City of Mounds View