Laserfiche WebLink
<br /> 1"5lff <br /> - Page 2 <br /> tourism promotion activities. <br /> C. The Chamber shall maintain funds provided by the City under this Contract <br /> ("CVB funds") in a separate account established for that purpose, and the Chamber may <br /> ,- not commingle that revenue with any other money or maintain it in any other account. <br /> ! <br /> D. The Chamber shall maintain complete and accurate financial records of each <br /> expenditure of CVB funds and, at the request of the City Manager or his designee, or of <br /> any other perso~, .shall make the records available for inspection and review during normal <br /> business hours. <br /> 2. <br /> USE OF FUNDS <br /> . <br /> A. The Chamber shall expend CVB funds for general promotional and tourist <br /> advertising for the City of San Marcos and conducting a solicitation and operating program <br /> to attract visitors and conventions to the City. <br /> B. The Chamber shall make these expenditures in conformance with and in <br /> , <br /> proportion to the Convention and Visitors Bureau budget for 1996-97 which is marked <br /> Exhibit "A" and attached to this Contract for all intents and purposes as though fully set out <br /> herein. The Chamber acknowledges that the City's approval of this budget creates a <br /> fiduciary duty in the Chamber with respect to the revenue provided by the .City to the <br /> Chamber under this Contract. <br /> C. The Chamber shall submit to the City a report at least quarterly of activities and <br /> expenditures resulting from previously allocated CVB funds. <br />