§ 2-84-10. Expenses; annual budget.

A.

As the regulating body for District No. I, the commission shall receive any annual service fee which may be assessed against the property owners within such district to pay administrative operating, upkeep, and maintenance expenses of the district. As district management corporation for District No. II, the commission shall receive all funds from assessments for such district. Contributions from the general operating funds of the city and county and from other governmental and private sources shall be added to the general operating budget of the center city commission to maintain additional planning and administrative activities of the entire center city area.

B.

The commission shall furnish to the city and county an annual budget, showing in detail the manner in which all of the funds received or to be received are to be expended during the ensuing year, within the time and manner as now provided by law; such budget shall contain a listing of all proposed expenditures. Funding shall be accomplished by contributions from the private business community and appropriations from both the city and county governments, as may hereinafter be mutually agreed to by the respective entities.

(Code 1985, § 7-20; Ord. No. 4468, § 1, 1-7-1997)