[Adopted 8-9-2005 by Ord. No. O-05-103]
Pursuant to RSA 47:1-b, a Special Revenue Fund to restrict revenues
from school department student athletic fees and gate receipts to expenditures
for school department athletic supplies and equipment, team transportation
costs and game official expenses is established.
The procedure for establishing the Special Revenue Fund pursuant to
RSA 47:1-c is by majority affirmative vote on the following question:
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"Shall we adopt the provisions of RSA 47:1-b to restrict revenues from
school department sports-related student fees and gate receipts to expenditures
for the purpose of funding school department athletic supplies and equipment,
team transportation costs and game official expenses? Such revenues and expenditures
shall be accounted for in a special revenue fund to be known as the school
department student athletic fee and gate receipt special revenue fund, separate
from the general fund. Any surplus in such fund shall not be deemed part of
the general fund accumulated surplus and shall be expended only after a vote
by the legislative body to appropriate a specific amount from said fund for
a specific purpose related to the purpose of the fund or source of the revenue."
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Any balance in the School Athletic Enterprise Fund under Resolutions
R-94-29 and R-97-153 at the end of Fiscal Year 2005 shall be transferred to
the Special Revenue Fund created by this article.
