There is a public library reserve fund in which all moneys deposited into the fund shall be maintained. The North Bend city council, through its administrative staff, shall maintain the library reserve fund where all library gifts, donations, grants and other special purpose moneys are deposited and used for their designated use. If moneys are given with no restricted use, but are given specifically for library purposes, then the city shall have the obligation to expend the moneys in the public library reserve fund solely for public library purposes and the library board shall recommend to the city council how the funds should be expended. (Ord. 1913, 2004)