2.260.040 Staff and operations.
(a) Staff. The City Manager may allocate such staff as is necessary for the performance of the functions and purposes of the Bank. Additional support may be contracted, as necessary.
(b) Operating Funds. The City Manager may utilize City operating funds allocated by the Governing Body to pay the expenses of the Board and the Bank.
(c) Operations. The duties of the Bank shall include, but are not limited to, the following:
(1) Establish annual budgets for submission to and approval by the Governing Body. The budget must be submitted to the Governing Body prior to June 1st of each year and include, at a minimum, the amounts designated for staffing, land acquisition, demolition, renovation, maintenance, upkeep and new construction development.
(2) Provide an annual report to the Governing Body on or before January 31st of each year, in accordance with K.S.A. 12-5903(f) and amendments thereto.
(3) Comply with the Topeka Land Bank Administrative Policy Guidelines approved by the Governing Body.
(4) Perform and do all things and acts necessary to carry out the statutory purposes of the Land Bank Act.
(d) Audits. As required by K.S.A. 12-5903 and amendments thereto, the receipts and disbursements of the Board shall be audited yearly by a certified or licensed public accountant and the audit report shall be included in the annual report of the Board. (Ord. 20426 § 4, 5-16-23.)