PART II - FUNDS AND ACCOUNTS
210.1.1 CREATION OF FUND.
Notwithstanding any of the other provisions of this Code, there is hereby created in the treasury of the City, a special fund to be known as the Special Deposits Fund.
210.2.1 RECEIPTS.
Moneys received by the City as security for the proper performance of a specific act or acts, or received by the City as agent for another government or subdivision thereof, or deposited with the City as a guarantee of good faith, or paid to the City as a deposit required by any other provision of this Code or by resolution of the City Council may be placed in this fund by the Director of Finance.
210.2.2 DISBURSEMENTS.
Moneys placed in the Special Deposits Fund shall be paid only upon demand of the proper City officer or employee as determined by the Director of Finance. The demand shall be made upon forms authorized by the Director of Finance.
210.2.3 AUDITING OF DEMANDS.
The Director of Finance, or his authorized deputy, shall audit the same, and shall verify to his satisfaction that:
a) The moneys demanded had been deposited in the City treasury.
b) The purpose for which the money was deposited is no longer in existence.
c) The payee, or the assignor of the payee, named by the demand had been the depositor of the money.
d) The City had no claim against the named payee which could be set off against the deposit.
210.2.4 PREPARATION OF WARRANTS.
The Director of Finance, or his authorized deputy, shall, upon auditing of demands as required by the preceding section, prepare a warrant covering the demands which he finds to be in order after his examination thereof, and such warrants shall be signed by the Mayor and countersigned by the Director of Finance.
210.2.5 SEPARATE WARRANT REGISTER.
A separate warrant register shall be prepared by the Director of Finance for warrants drawn on the Special Deposits Fund.
210.2.6 EXAMINATION BY FINANCE COMMITTEE.
All demands against the Special Deposits Fund shall be presented for examination to the Finance Committee of the City Council no later than the second regular meeting subsequent to the date of preparation of the warrants therefor.