[Code 1964, § 2-6]
The Corporation Counsel is designated as the officer to keep
the record of claims filed pursuant to Section 50-f of the General
Municipal Law.
[Code 1964, § 2-7]
The City Treasurer, upon the approval of the Corporation Counsel,
may execute satisfactions of decree in cases of legacies payable to
the City and cause the City's Seal to be affixed to the decree.
[Code 1964, § 22-4]
All obligations including interim bonds, except tax anticipation
notes, of the City shall be executed in the name of the City by the
Mayor and countersigned by the Comptroller under the Corporate Seal
of the City and shall be attested to by the City Clerk. Tax anticipation
notes shall be signed by the Comptroller and attested by the City
Clerk.
[Code 1964, § 22-3]
Notwithstanding provisions to the contrary contained in any
other ordinance of the City, coupons attached to bonds of the City
issued pursuant to the provisions of the Local Finance Law shall be
authenticated only by the facsimile signature of the City Comptroller.
[Added 8-12-2020 by Ord. No. 190]
(a) Pursuant
to § 6-p of the General Municipal Law, as amended, there
is hereby established a reserve fund to be known as the “Employee
Benefit Accrued Liability Reserve Fund” (hereinafter “Reserve
Fund”). The purpose of this Reserve Fund is to pay for any accrued
employee benefit due an employee on termination of the employee’s
service.
(b) The
source of funds for this Reserve Fund shall be:
(1) Such amounts as may be provided therefor by budgetary appropriations;
(2) Amounts from any other fund authorized by the General Municipal Law,
by resolution subject to permissive referendum; and
(3) Such other funds as may be legally appropriated.
(c) The
Comptroller is hereby directed to deposit $500,000 and secure the
monies of this Reserve Fund in the manner provided by § 10
of the General Municipal Law. The Comptroller may invest the monies
in the Reserve Fund in the manner provided by § 11 of the
General Municipal Law, and consistent with the investment policy of
the City of Utica. Any interest earned or capital gains realized on
the monies so deposited or invested shall accrue to and become part
of the Reserve Fund. The Comptroller shall account for the Reserve
Fund in a manner which maintains the separate identity of the cash
and investments of the Reserve Fund.
(d) Except
as otherwise provided by § 6-p of the General Municipal
Law, expenditures from this Reserve Fund shall be made only for the
purpose for which the Reserve Fund is established. No expenditure
shall be made from this Reserve Fund for any employee benefit for
which a reserve fund has already been established under any other
provision of law. No expenditure shall be made from this Reserve Fund
without the approval of the Board of Estimate and Apportionment and
without such additional actions or proceedings as may be required
by § 6-p of the General Municipal Law.
[Added 12-15-2021 by Ord. No. 103]
(a) Pursuant
to § 6-c of the General Municipal Law, as amended, there
is hereby established a capital reserve fund, to be known as the “Paving
Reserve Fund” (hereinafter referred to as “Reserve Fund”).
The purpose of this Reserve Fund is to finance the cost of a type
of capital improvement. The type of capital improvement to be financed
from the Reserve Fund is paving.
(b) The
chief fiscal officer is hereby directed to deposit and secure the
moneys of this Reserve Fund in the manner provided by § 10
of the General Municipal Law. The chief fiscal officer may invest
the moneys in the Reserve Fund in the manner provided by § 11
of the General Municipal Law, and consistent with the investment policy
of the City of Utica. Any interest earned or capital gains realized
on the moneys so deposited or invested shall accrue to and become
part of the Reserve Fund. The chief fiscal officer shall account for
the Reserve Fund in a manner which maintains the separate identity
of the Reserve Fund and shows the date and amount of each sum paid
into the Fund, interest earned by the Fund, capital gains or losses
resulting from the sale of investments of the Fund, showing cash balance
and a schedule of investments, and shall, at the end of each fiscal
year, render to the Board of Estimate and Apportionment a detailed
report of the operations and condition of the Reserve Fund.
(c) Except
as otherwise provided by law, expenditures from this Reserve Fund
shall be made only for the purpose for which the Reserve Fund is established.
No expenditures shall be made from this Reserve Fund without the approval
of the Board of Estimate and Apportionment and such additional actions
or proceedings as may be required by § 6-c of the General
Municipal Law, or any other law.
[Added 12-15-2021 by Ord. No. 104]
(a) Pursuant
to § 6-c of the General Municipal Law, as amended, there
is hereby established a capital reserve fund, to be known as the “Building
Alterations Reserve Fund” (hereinafter referred to as “Reserve
Fund”). The purpose of this Reserve Fund is to finance the cost
of a type of capital improvement. The type of capital improvement
to be financed from the Reserve Fund is building alterations for the
Department of Public Works, Bureau of Fire and Bureau of Police.
(b) The
chief fiscal officer is hereby directed to deposit and secure the
moneys of this Reserve Fund in the manner provided by § 10
of the General Municipal Law. The chief fiscal officer may invest
the moneys in the Reserve Fund in the manner provided by § 11
of the General Municipal Law, and consistent with the investment policy
of the City of Utica. Any interest earned or capital gains realized
on the moneys so deposited or invested shall accrue to and become
part of the Reserve Fund. The chief fiscal officer shall account for
the Reserve Fund in a manner which maintains the separate identity
of the Reserve Fund and shows the date and amount of each sum paid
into the Fund, interest earned by the Fund, capital gains or losses
resulting from the sale of investments of the Fund, showing cash balance
and a schedule of investments, and shall, at the end of each fiscal
year, render to the Board of Estimate and Apportionment a detailed
report of the operations and condition of the Reserve Fund.
(c) Except
as otherwise provided by law, expenditures from this Reserve Fund
shall be made only for the purpose for which the Reserve Fund is established.
No expenditures shall be made from this Reserve Fund without the approval
of the Board of Estimate and Apportionment and such additional actions
or proceedings as may be required by § 6-c of the General
Municipal Law, or any other law.