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City of Mounds View <br />203.04 203.06 <br />Subd. 5. Accounting: The Director of Parks, Recreation and Forestry shall be responsible for and <br />shall prepare an annual accounting of the Fund. This shall include all revenues, expenses <br />and balances at the end of each calendar year. All funds received shall be deposited with the <br />City Finance Director/Treasurer as provided for in Section 106.04 of this Code. (1988 Code <br />§22.05) <br />Subd. 6. Transfer of Funds: The Council may transfer funds into the Recreation Activity Fund <br />from any source, but there shall be no transfer of funds from the Recreation Activity Fund, <br />except for the purposes enumerated in subdivision 203.07(3) of this Chapter. (1988 Code <br />§22.06) <br />203.05:PARK AND PLAYGROUND FUND1: <br />Subd. 1. Fund Established: There is hereby established and created a fund designated as the "Park <br />and Playground Fund", hereinafter in this Section referred to as the "Fund". (1988 Code <br />§23.01) <br />Subd. 2. Purpose: There shall be deposited in said Fund all cash payments received by the City <br />pursuant to the provisions of Section 1204.02 of this Code. (1988 Code §23.02) <br />Subd. 3. Section 1204.02 Payments: Such payments shall only be used by the City for the <br />acquisition of land for parks, playgrounds, public open space or storm water holding areas or <br />ponds, development of existing parks and playground sites, public open space and storm <br />water holding areas or ponds and debt retirement in connection with land previously <br />acquired for such public purposes. (1988 Code §23.03) <br />Subd. 4. Transfer of Funds: Section 1204.02 deposits may not be transferred out of the Fund, <br />except for the purposes enumerated in subdivision 3 above. Other receipts may be <br />transferred by the Council into the General Fund for the purposes enumerated in subdivision <br />3 above. (1988 Code §23.04) <br />203.06:RECREATION ACTIVITY FUND2: <br />Subd. 1. Fund Established: There is hereby established and created a fund designated as the <br />"Recreation-Activity Fund", hereinafter in this Section referred to as the "Fund". (1988 <br />Code §24.01) <br />1 See Chapter 905 of this Code for parks, playground and recreation. <br />2 See Chapter 905 of this Code for parks, playground and recreation.