Chapter 2 ADMINISTRATION*
Section 2-501 Administration.
a) Columbia Trust accounts shall be established for receipt of unrestricted charitable
contributions made to the Columbia Trust. Assets in the Columbia Trust shall be commingled
and invested in a way that provides for the growth and security of the Columbia Trust.
b) The city council or city manager may establish individual funds or accounts
in the Columbia
Trust for special purposes or to receive restricted gifts or contributions. Restricted gifts or special
purpose accounts shall be managed in a fiscally advantageous manner and in compliance with the
restrictions or special purposes.
c) All Columbia Trust assets shall be managed and accounted for according to
approved by the city manager. The city manager shall report the status of the Columbia Trust to
the city council annually.
(Ord. No. 15993, § 1, 5-3-99)