ORDINANCE 2004-05 OF THE TOWN COUNCIL OF
AN ORDINANCE ESTABLISHING A DONATIONS FUND FOR THE RIVERSIDE GARDENS PARK WITHIN THE TOWN OF LEO-CEDARVILLE, INDIANA
WHEREAS, IC 36-1-4-10 authorizes the Town of Leo-Cedarville to accept donations of money and to execute any documents necessary to receive money or other property donated from any source; and
WHEREAS, the Town Council has received information that various individuals and organizations wish to donate money or property to the Town of Leo-Cedarville to be used in the Leo-Cedarville Riverside Gardens Park Project; and
WHEREAS, the Indiana State Board of Accounts has instructed that all monies donated to the Town for a specific purpose should be receipted into a separate fund properly titled, and not co-mingled with other funds;
NOW, THEREFORE, BE IT ORDAINED by the Town Council of the Town of Leo-Cedarville, Indiana:
A. Creation of Fund There is hereby established a “Riverside Gardens Park Donation Fund” to receive transfers of money donated to the Town of Leo-Cedarville for use in the development or maintenance or operation of the Riverside Gardens Park.
B. Purposes of Fund The funds on deposit in the Riverside Gardens Park Donation Fund may be used solely for the purposes of developing, maintaining or operating the Riverside Gardens Park.
C. Appropriations From Fund Pursuant to Attorney General Official Opinion No. 68, and the Indiana State Board of Accounts, Accounting Manual, the Town Council may authorize the expenditure of funds from the Riverside Gardens Park Donation fund for the purposes specified by the donor(s) without appropriation. However, accounts payable vouchers must be filed and approved in the regular legal manner before payments are made from this specific fund.
D. Separate Accounts If the volume of restricted donations is sufficient, the Leo- Cedarville Clerk-Treasurer may create separate accounts for all restricted donations to account for receipt and distribution of each type of restricted donation. The total activities of the separate accounts, i.e. receipts, disbursements, and total balances, shall then be reflected on a control account.
E. Non-Reverting Fund Monies deposited in the Riverside Gardens Donation Fund shall not revert to other funds.
F. This ordinance shall become effective upon its passage and upon its execution by the Town Executive (i.e. Town Council President) as attested by the Clerk-Treasurer.
Passed and adopted by the Town Council of the Town of Leo-Cedarville, Indiana on this
1st day of June , 2004.
| Cindy J. Kimm
Matthew A. Akins
| Jan Linn
Attestation of Clerk-Treasurer
I, Pamela Spannuth, the Clerk-Treasurer for the Town of Leo-Cedarville, Indiana, hereby attest that the ordinance set forth above was adopted by the legislative body of the Town of Leo-Cedarville on June 1, 2004 and signed by the Executive for the Town of Leo-Cedarville, and properly executed in my presence on June 1, 2004 .
| Pam Spannuth