19-2873a.   Same; conveniences or amusements operated by board;revolving fund; petty cash funds; rules; budget law inapplicable.In the event the board determines to operate food, soft drinks or otherconveniences or amusements as authorized by K.S.A. 19-2873,it shall adopt a resolution establishing a revolving fundand provide therein for the transfer of not to exceed twenty-fivethousand dollars ($25,000) from the general fund of the district to suchrevolving fund. Such resolution may also provide for one or more pettycash funds for the operation of conveniences or amusements requiring thesame. Such resolution shall specify rules relating to the operation ofsuch revolving and petty cash funds, and for the audit thereof inaccordance with accepted accounting principles. Such revolving fundshall not be subject to the budget law and such petty cash funds may beused without issuance of warrants except for periodic reconciliationthereof. Moneys in such revolving fund may be from time to timetransferred to the general fund or land acquisition fund of thedistrict, but after the initial transfer of funds to the revolving fund,no additional moneys shall be transferred thereto.

      History:   L. 1970, ch. 113, § 8; July 1.