Laserfiche WebLink
<br /> 14211 <br /> Page 2 <br /> allocation of hotel occupancy tax funds received by the Chamber <br /> from the City, and shall be used only when costs are incurred <br /> directly in the Chamber's tourism promotion activities. <br /> ,- The Chamber shall maintain funds provided by the city <br /> C. <br /> under this Agreement (IICVB funds If) in a separate account <br /> established for that purpose, and the Chamber may not commingle <br /> that revenue with any other money or maintain it in any other <br /> account. <br /> D. The Chamber shall maintain complete and accurate financial <br /> records of each expenditure of CVB funds and, at the request of the <br /> city Manager or his designee, or of any other person, shall make <br /> , <br /> the records available for inspection and review during normal <br /> business hours. <br /> 2. <br /> USE OF FUNDS <br /> A. The Chamber shall expend CVB funds for general promotional <br /> and tourist advertising for the city of San Marcos and conducting <br /> a solicitation and operating program to attract visitors and <br /> conventions to the city. <br /> B. The Chamber shall make these expenditures in conformance <br /> with and in proportion to the Convention and visitors Burea~ budget <br /> for 1994-95 which is marked Exhibit "A" and attached to this <br /> Agreement for all intents and purposes as though fully set out <br /> herein. The Chamber acknowledges that the City's approval of this <br /> budget creates a fiduciary duty in the Chamber with respect to the <br />