§ 17-2. Funding.

(a)

The director of the department shall include proposed library expenditures for current operations and capital improvements in the annual city budget.

(b)

Any moneys or gifts of monetary value donated to the city for library purposes and not of direct benefit to library users shall be placed in a separate trust account or fund by the city finance director and invested in authorized investment to maximize the appreciation of any such investment. Expenditures from such trust fund or funds or trust account or accounts will be made only with approval of the city manager after receiving a recommendation from the library advisory committee created herein. If any proposed expenditure is over two thousand dollars ($2,000.00) or does not receive the favorable recommendation of the library advisory committee, prior approval of the city council will be required.

(c)

Moneys paid into the library for fines, fees and any other charges shall be deposited in the general fund. Moneys received for contractual services performed by the library shall be deposited in the general fund unless the terms of the contract, in any instance, specify that payment shall be made to a trust fund for specific use. The level of library-generated general fund income will be considered in determining the annual budget for the library.

(Ord. No. 2012-O-145, 9-17-12)