5.4. PRSR 06-07-1988 - Laserfiche WebLink

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a. Estimated revenues , divided as follows : (1k. i . Contributions from City Council ; ii. Contributions, if any , from other public bodies having power to levy taxes for recreational purposes; iii . Contributions from private sources; iv. Earnings from admissions and other charges made for use of facilities; v. Miscellaneous revenues; and b. Estimated expenditures, divided as follows: i. Instructional and supervisory payroll; ii. Custodial payroll; iii. Supplies; iv. Printing; v. Postage, express, freight, utility charges; vi. Rents; vii. Miscellaneous expenditures. 3. Such budget shall be submitted not later than September 1 to the City Council and any other public body from which contribu- tions shall be reported back to the Board, which shall adjust the budget, if necessary. The expenditure allowances, as finally approved by the Board, shall control the year 's spending program, except that excess revenues received may be spent upon the approval of a majority of the Board. The Board shall not itself levy taxes or borrow money; and it shall not approve any claims or incur any obligations for expenditure, unless there is unencumbered cash in the treasury to the credit of the Board with which to pay the same. 216.10 -Finances of the Board. For the purposes of financing the public recreation program authorized by this ordinance, there shall be established in the City accounts and treasury a special fund to be called the Recreation fund. Into this fund shall be placed the various revenues as enumerated in Section 216.08 hereof and from it shall be paid the claims for various recreation expenditures as therein enumerated. All receipts belonging to the Board shall be deposited intact in a bank account to the credit of the fund and no disbursement shall be made from this bank account except by order- check and after compliance with the requirements for the submission of claims against the City. The accounting of the fund and the custody 19 . •