§ 106.343. CRA Trust Funds; Accounting for Plan Authorized Expenditures.

Council appropriations to a CRA Board shall be held in the applicable CRA Trust Fund, which trust fund shall be an all-years fund. The Director of Finance and Administration, or designee, shall establish CRA Trust Fund Activities within each CRA Trust Fund in accordance with each Approved CRA Budget and as further authorized by the Board. Council appropriations to the Unallocated Plan Authorized Expenditures within the Plan Authorized Expenditures Category of an Approved CRA Budget shall be accounted for initially in the Unallocated Plan Authorized Expenditures activity and then allocated or transferred by a CRA Board to specific Programs, Plan Capital Projects or Plan Professional Services, as authorized by the CRA Board throughout the year, without further Council approval.

(Ord. 2018-555-E , § 3)