Agenda - Parks and Recreation Commission - 04/13/2017

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(a) Lawful Gambling Fund. (Fund 9270) The Lawful Gambling Fund shall be used to account for revenues frorn lawful gambling received by the City in accordance vvith Code Section 7.61 _ (b) Funding shall consist of the following sources: (1) Lawful gambling proceeds received in accordance with Code Section 7_61: and (2) Outside donations from lawful gambling proceeds; and (3) Interest earnings on the Lawful Gambling Fund from the distribution of pooled interest earnings_ (c) Expenditures shall consist of the following uses: (1) Expenditures for recreation, community and athletic facilities, as adopted in the annual Capital Improvement Program, (2) Expenditures for community- programs anel.`or services, intended primarily for persons under age 21; such programs that relieve the effects of poverty: homelessness, or disability and such programs that provide activities and facilities for youth.. (Other community programs not eligible to be funded here, will be considered as part of the annual General Fund Budget process on a case -by case basis provided they sere a public purpose and can provide ti •.ritten quantification of services to the city),.. (3) Contribution to a 501(C 3) Corporation whose purpose is to provide a benefit to the community_ Contribution cannot exceed S5,000 annually. (4) On an annual basis, at least seventy (70) percent of the funds in the Lawful Gambling Fund shall be allocated for expenditures for recreation, community and athleticfacilities; and (5) Requests for fund expenditures: and donations toward fund expenditures: received during the prior calendar year will be considered by the Park and Recreation Commission and authorized by the City Council on a case by case basis;