HomeMy WebLinkAbout2016-OR-85 ORDINANCE NO. 2016-OR-
AN ORDINANCE ESTABLISHING ABBEY ROAD ON THE RIVER
NON-REVERTING FUND
WHEREAS, the City of Jeffersonville Parks Authority (the "Authority") is
organized under the provisions of Indiana Code 36-10-3; and;
WHEREAS, from time to time the Jeffersonville Parks Authority through
efforts of the Parks Department earns or comes into possession of moneys that are
obtained from sources other than taxes upon the property of the citizens of the City
of Jeffersonville, Indiana; and
WHEREAS, it is economically desirable to create such fund for the
management of certain monies charged by the Authority as reasonable recreational
activity fees and to provide for the disbursement thereof.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the
City of Jeffersonville, Indiana, as follows-
1.
ollows:1. That a special non-reverting operating fund is hereby established for the
purpose of receiving and holding any sponsorship revenues generated by
the Parks Department or its agents, any commission earned through the
contracting of food and/or merchandise vendors, any commission earned
through the partnership agreement with the "Abbey Road on the River"
organization. This fund shall be entitled "Abbey Road on the River Non-
Reverting Fund" and monies may be expended from this fund only upon
the filing of a proper claim in issuance of a warrant for payment by the
Controller after appropriation by the Authority. Hereafter the Controller
shall not deposit monies the Jeffersonville Department of Parks and
Recreation receives as "Abbey Road on the River" related sponsorships
and commissions into the City's General Fund, but shall deposit those
funds into this non-reverting fund.
2. That the Authority is hereby required to use the Non-Reverting Fund to the
extent and in the manner allowed by law.
This Ordinance shall be in full force and effect from and after its passage and
approval.
Passed and adopted this c_, day of 20 �.
Presiding Officer
7-,661-
Vicki
Conlin
Clerk
Present d by me as Clerk to the Mayor of said City of Jeffersonville this
day of 20 �:Z .
Vicki Conlin
Clerk
This Ordinance approved and signed by me this day J
20��.
Mike Moore, Mayo