Chapter 3.10
ASSETS – DISBURSEMENTS
Sections:
3.10.040 Insufficient funds in bank account.
3.10.010 Treasury.
(a) The Treasurer shall be responsible for the collection, custody and disbursement of all moneys from whatever source.
(b) Operating cash shall be kept in one financial institution to be designated by resolution.
(c) The Treasurer shall invest City money upon directive of the Council in any of the following types of investments:
(1) Bonds, notes or other obligations;
(2) Certificates of deposit or saving accounts of any bank. [Ord. 01-77 Ch. 29 § 1].
3.10.020 Accounting.
(a) All accounting functions for all City departments and offices are the responsibility of the Treasurer.
(b) The Treasurer shall provide on a monthly basis to the Council the following statements:
(1) Summary statement of cash receipts and disbursements;
(2) Reconciliation statement – Banks – Investments – Funds;
(3) Statement of expenditures compared with appropriations. [Ord. 01-77 Ch. 29 § 2].
3.10.030 Checks.
All checks drawn on the treasury of the City shall be signed by the Treasurer and Mayor or other authorized signature as designated by the Council. All checks prior to issuance shall be approved to be within budget allowances by the Council. [Ord. 01-77 Ch. 29 § 3].
3.10.040 Insufficient funds in bank account.
No City check may be written at any time when funds are insufficient. Willful violation of this provision and conviction shall result in a fine of not more than $500.00. [Ord. 01-77 Ch. 29 § 4].