[HISTORY: Adopted by the City Council of the City of Newburgh 11-13-1967 (Ch. 9, Art. I, Secs. 9-2 and 9-3, of the Code of Ordinances). Amendments noted where applicable.]
Financial procedures — See Charter, Arts. VII and VIII.
Purchasing — See Ch. 85
Transfers of budget appropriations may be made by order of the City Manager within each department. Transfers of budget appropriations from one department to another may be made by the City Council.
The Director of Finance is authorized, with approval of the City Manager, to invest or reinvest any idle cash funds in investments legal for municipalities. The period or term for which such investments shall be made shall be in the discretion of the Director of Finance, with the approval of the City Manager. Unless otherwise provided, all income from such investments shall accrue to the general fund of the City.