[Approved 5-24-2001 by Ch. No. 2604]
The special fund known as the "Carousel Enterprise Fund" shall be maintained by the City of Pawtucket for the operation, maintenance and upgrading of the carousel in Slater Park operated by the Division of Parks and Recreation.
The Carousel Enterprise Fund shall be maintained by public donations, public and private grants, rental fees, concession fees and other revenue derived from the carousel. Also, all moneys in other funds designated by ordinance or resolution for the operation and/or maintenance of the carousel, including but not limited to the restricted trust and agency fund called the "Carousel Fund," shall be transferred into the Carousel Enterprise Fund. All moneys collected pursuant to this section shall be applied to the operation and maintenance of the carousel, part-time operator salaries and payroll taxes.
The Director of Finance shall set up an enterprise fund to be used specifically for the purpose described.
The Director of Finance shall have the authority and discretion to allocate and disburse those funds that the Superintendent of the Division of Parks and Recreation deems necessary to maintain the carousel.
The Superintendent of the Division of Parks and Recreation is hereby authorized to exercise control over those funds that are ultimately disbursed by the Director of Finance.
The Superintendent of the Division of Parks and Recreation shall submit an annual report to the City Council outlining the planned expenditures relative to the Carousel Enterprise Fund.