(A) The Olathe Public Library shall be financed through the use of general fund monies, library mill levy revenues, library operational revenues (including, but not limited to, fines and fees established by resolution of the Governing Body), intergovernmental agreements, grants, gifts, donations and bequests received and designated to be used for library purposes, and any other tax levies that may be authorized by the Governing Body of the City under the authority of Charter Ordinance No. 74, and in accordance with the Kansas cash-basis law (K.S.A. 10-1101 et seq., and any amendments thereto), and any other applicable provisions otherwise set forth in this Chapter or under Kansas law.

(B) The Governing Body shall annually levy a tax for the operation, maintenance, and support of the Library, including employee benefits, in such sum as it may choose. Such tax may be based on the recommendation of the Library Advisory Board, but shall be levied by the Governing Body within the limitations fixed by law. Such tax may also pay a portion of the principal and interest on bonds issued under the authority of K.S.A. 12-1774. Such tax shall be levied and collected in like manner as other taxes of the City and, except for an amount to pay a portion of the principal and interest on bonds issued under the authority of K.S.A. 12-1774, and amendment thereto, shall be kept in a separate fund to be known as the library fund of the City.

(C) The Governing Body may erect and equip library buildings and procure sites therefor, and may issue the bonds of such City in accordance with K.S.A. 12-1737 or Charter Ordinance No. 74. (Ord. 15-27 § 2, 2015.)