Not later than February 1 in each year, the board shall prepare and submit to the
city manager a tentative outline of its recreational program for the ensuing fiscal
year, together with its budget for such ensuing year, which outline and budget, shall
serve as a guide in the appropriation of monies by the city. The Buchanan school district
has, by written agreement, assumed responsibility for the maintenance and capital
improvement of Memorial Field. Financial contributions to area recreation by other
municipal authority in the area can be arranged by mutual agreement between the city
commission and the municipal authority. If the amount appropriated by the city and
other area municipal authority shall be less than the budget requirement, unless the
recreation board is able to secure funds from other sources, it shall reduce its budget
in accordance with the appropriations.