[R.O. 2006 §120.120; CC 1978 §22.300; Ord. No. 358 §1, 8-21-1979]
It is hereby declared to be the policy of the City of Warrenton,
Missouri, to diligently and efficiently manage the financial resources
of the City in the most beneficial manner possible and to increase
the non-tax revenues of the City by investing available cash when
it is not needed for current obligations. All investments shall be
made pursuant to the most recently approved Investment Policy, a copy
of which shall be retained in the office of the City Clerk.
[R.O. 2006 §120.130; CC 1978 §22.310; Ord. No. 358 §2, 8-21-1979]
The goals of the policy are to develop a written program of
cash management, to increase the availability of cash by improving
the control on receipts and disbursements, to increase earnings of
the City by more aggressive investment practices, and to decrease
the borrowing costs of the City by better understanding the flow of
cash and careful disbursements.
[R.O. 2006 §120.140; CC 1978 §22.320; Ord. No. 358 §3, 8-21-1979]
The Finance Officer is hereby charged with the duty of carrying
out and implementing the policies and goals established herein.
[R.O. 2006 §120.160; Ord. No. 1039 §I, 12-1-1998; Ord. No. 1283 §I, 10-1-2002; Ord. No. 1679 §I, 2-6-2007]
If any person issues or passes a check or other similar sight
order for the payment of money to the City of Warrenton for any goods,
services or any other matter and the same is not honored or paid upon
presentation, said person shall be denied the goods, services or any
other matter for which said check was given and shall not obtain said
goods, services or any other matter until said check be paid in full
along with a service charge pursuant to the most recently approved
Bad Check Policy, a copy of which shall be retained by the City Clerk.
