All warrants for the disbursement of money and checks of the City shall be signed by the Mayor, the Clerk/Administrator and the City Treasurer or other chief financial officer and shall specify for what purpose the amount therein mentioned is directed to be paid, and the Mayor's signature thereon shall indicate his or her approval. However, if he or she disapproves the disbursement of any money, he or she shall indicate his or her disapproval by endorsement on the warrant or check of the words "payment disapproved" followed by his or her signature and title of office.
It is hereby determined and declared under prevailing practices of long standing that the control of all payroll accounts and the issuance of checks therefor have been effectively and efficiently supervised and controlled by single-signature checks.
The City Treasurer or other chief financial officer is hereby authorized to continue to control such accounts and the issuance of checks thereon under existing practices and upon single-signature employee payroll checks.
The enactment of this section shall operate to ratify and confirm all official accounts and transactions heretofore done and performed by the Treasurer or other chief financial officer in respect to the City's payroll or payroll accounts, including the issuance of all employee payroll checks upon a single-signature checking system.