(A) A Field of Interest Fund will be established at the Greater Kansas City Community Foundation to hold and invest the contributions and disbursements of the Olathe Community Fund.

(B) The Advisory Committee must deposit cash contributions and other monies received by the Fund in the name of and to the credit of the Fund in the Field of Interest Fund maintained with the Greater Kansas City Community Foundation. Members who disburse such funds will render an account of all such disbursements. The Treasurer will periodically report to the Advisory Committee on all financial transactions and the financial condition of the Field of Interest Fund with the Greater Kansas City Community Foundation.

(C) The Advisory Committee will make recommendations to the Greater Kansas City Community Foundation and request the expenditure of funds in the Field of Interest Fund established and maintained by the Fund for projects and activities in furtherance of the purpose of the Fund as described in Section 2.34.010. Such requests and recommendations may only be made by a majority vote of the Advisory Committee. (Ord. 20-03 § 5, 2020; Ord. 19-66 § 2, 2019; Ord. 18-08 § 5, 2018.)