[R.O. 2011 §115.010; Ord. No. 073-88 §2-28, 2-22-1988]
If any officer of the City shall knowingly violate any provision
of this Article, he/she shall be personally liable to the City and
liable under his/her bond, if any.
[R.O. 2011 §115.020; Ord. No. 073-88 §2-29, 2-22-1988]
The fiscal year of the City shall commence on July first (1st)
of each year and continue through June thirtieth (30th) of the following
year.
[R.O. 2011 §115.030; Ord. No. 073-88 §2-30, 2-22-1988]
A. Until
otherwise provided by resolution of the Board of Alderpersons, the
Board of Alderpersons may choose an official depository by competitive
bid. Said depository shall be required to notify the City Clerk from
time to time, and not less frequently than semi-annually, as to the
name of the disinterested banking institution or safe depository in
which the securities are deposited; and shall from time to time, and
not less frequently than semi-annually, notify the City Clerk of the
amount for such deposits with respect to each bank account of the
City. The City Clerk shall bring these accounts to the attention of
the Board of Alderpersons at its next regular meeting after receipt
thereof from the depository.
B. The
City Finance Officer/Treasurer shall maintain such separate checking
accounts as necessary to provide sufficient accounting controls on
City funds. Checks for disbursement of funds must be signed by two
(2) persons. Those authorized are any two (2) of the following —
City Administrator, Collector, Mayor, Court Clerk and Acting President
of the Board of Alderpersons.
C. Any
funds received by the City in trust or on temporary deposit for special
and limited use or purpose, or under escrow shall be deposited in
the General Revenue Fund, with release of said funds to be controlled
by the City Administrator.