[Adopted 8-9-1993; amended in its entirety 8-12-1996 by Ord. No.
96-16]
A.
There is hereby created within the financial accounts
of the Town of Stratford two enterprise funds known as the "Short
Beach Golf Course Fund" and the "Short Beach Miniature Golf Course
Fund." The purpose of said funds is to account financially for the
operations of the Short Beach Golf Course and the Short Beach Miniature
Golf Course. It is the intent of the Town Council that the costs (expenses,
including depreciation) of operating each facility shall be recovered
primarily through user charges.
B.
The Short Beach Park Commission shall submit to the
Town Council for approval annual budgets for the Short Beach Golf
Course Fund and the Short Beach Miniature Golf Course Fund, setting
forth the proposed revenues and expenditures.
The financial statements disclosing all activities
of the Short Beach Golf Course and the Short Beach Miniature Golf
Course for each fiscal year shall be a part of the Town of Stratford's
annual financial report. All financial activities of the Short Beach
Golf Course Fund and the Short Beach Miniature Golf Course Fund shall
be conducted in accordance with pronouncements and/or regulations
of the Government Accounting Standards Board (GASB).
