Chapter 3.17
TREASURER’S AGENCY FUND

Sections:

3.17.010    Created – Treasurer’s agency fund.

3.17.010 Created – Treasurer’s agency fund.

A. Source of Money. There exists a treasurer’s agency fund into which shall be placed all monies held by the city on behalf of others in a custodial capacity.

B. Use of Funds. The treasurer’s agency fund shall be used to hold monies on behalf of others until the requirements for disbursement, refund or remittance have been met. If it is determined due to agreement by the owner, correction of an accounting error or other circumstances unique to the monies held that the city can take ownership of any amounts held within the fund, the city is authorized to do so and transfer those monies to the appropriate city fund. [Ord. 26-15 § 1, 2015].