Sec. 111.132. - Recreation Preservation Land Special Revenue Fund.

There is created within the General Trust and Agency Fund, a special revenue fund account to be known as the Recreation Preservation Land Special Revenue Fund (the "Fund"), into which shall be deposited all revenue derived from the sale of timber on recreational preservation land, gifts, donations, contributions, grants and other sums of money to be used to provide funding for the management and benefit of Recreational preservation land purchased or managed by the City, and shall not be used for operational expenses. All sums placed into the Fund, which shall include all interest earned or accrued thereon, shall not lapse at the close of any fiscal year, but instead shall carry over to the next fiscal year. Subject to prior appropriation by Council, the Director of Finance, or a designee, is authorized and directed to make disbursements from the Fund upon the written requisition of the Director of the Parks and Recreation, or a designee. (Ord. 2011-692-E , § 9)