There is hereby established a special revenue fund to be known as the
Library Fines Revenue Fund
, the "Fund." All funds and interest thereon received by the Jacksonville Public Library
that arise out of the revenue generated from the collection of fines shall be deposited
in the Fund and shall be accounted for separately within the Fund.
Sums now or hereafter placed into the Fund, which shall include all interest earned
or accrued thereon, shall be appropriated within the City Budget annually for the
purposes of capital improvements or maintenance of capital improvements. The funds
shall not be used for operating costs associated with regular library functions. The
Director of Finance and Administration, or their designee, is authorized and directed
to make disbursements from the Fund upon the written requisition of the Library Board
of Trustees, subject to the availability of funds in the Fund, and annual appropriation.
Any unspent funds remaining from an appropriated City budget and/or unencumbered in
the Fund at the end of the fiscal year shall not lapse and shall carry forward. The
Fund shall be reviewed annually as part of the budget process. Within 60 days of the
end of each fiscal year, the Chairperson of the Trustees (or the Chairperson's designee)
shall file with the Council Secretary and the Council Auditor a statement of all of
the previous year's revenues and expenditures from the Fund.
(Ord.
2015-53-E
, § 1; Ord.
2016-140-E
, § 16)
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