[CC §22.010]
The fiscal year of this City shall begin on July 1, and end
on June 30 of the next succeeding year.
[Ord. No. 7 §1, 3-27-1980]
A. Monthly
financial reports including schedules showing comparisons of actual
revenue and expenditures to the budget will be presented to the Council
at their monthly meeting. A detailed semi-annual financial statement
containing statements of receipts, expenditures, and indebtedness
of the City should be published to satisfy State statutory requirements.
B. Loans
to City Officials and employees are prohibited.
C. All
persons responsible for City funds will have fidelity bond coverage
sufficient to meet State statutory requirements.
D. Insurance
coverage will be reviewed periodically by qualified individuals to
determine its adequacy. The comprehensive liability policy should
include liability coverage for Council members and City employees.
E. A double-entry
accounting system and adequate records will be maintained.
[Ord. No. 184 §2, 2-2-1987; Ord. No. 629 §1, 6-21-1999]
A. Prior
to the commencement of each fiscal year, a budget for the City shall
be prepared, and the same will be presented to or approved by the
City Council. The format of the budget shall be illustrated by the
sample budget format which is on file in the City Clerk's office.
B. The
annual budget shall present a complete financial plan for the next
fiscal year. The following shall be included in the budget.
1. A budget message to describe the important features of the budget
and to point out any major changes from the previous year.
2. An estimate of revenues which are expected to be received during
the next year from all sources, plus a comparative statement of the
revenues for the previous two (2) budget years. These comparisons
shall be shown by year, fund, and source.
3. An estimate of the expenditures that are proposed to be spent during
the budget year, plus a comparative statement of actual expenditures
for the previous two (2) years. These comparisons should be shown
by year, fund, activity and object.
4. The amount of money required to pay any interest, amortization, or
redemption charges which the municipality will owe during the budget
year.
5. General summary of the total proposed budget.
C. The
Finance Committee of the City Council shall prepare the budget after
reviewing the expenditure request and revenue estimates with City
Officers. The Finance Committee shall submit the completed budget
and supporting schedules and exhibits to the City Council.
D. The
City Council shall by ordinance adopt the City budget.
E. Expenditure
estimates in the budget shall not be larger in amount than the total
anticipated revenue for the budget year, plus any surplus from the
previous year or less any deficit from the previous year.
F. The
City will not increase or decrease the total amount authorized for
expenditure from any fund, unless the governing body by motion, duly
made and passed, approves of any increase or decrease, setting forth
the facts and reasons making the increase or decrease necessary.
[Ord. No. 1268, 3-7-2022]
G. The
Finance Committee shall prepare the City budget in accordance with
the following calendar.
1. In January of each year, the City Administrator will collect the
data necessary, and make preliminary revenue estimates for the coming
fiscal year. The Administrator will estimate expenditures for the
present year, and note expenditures and revenues for the previous
two (2) fiscal years.
2. In February of each year, the City Administrator will request from
each Officer a statement of expenditures requested for the coming
fiscal year.
In the absence of the City Administrator, the City Clerk will
perform the duties of the City Administrator set forth in Paragraphs
(1) and (2) hereof.
3. In March of each year, the Finance Committee will review the departmental
request and make final revenue estimates for the coming fiscal year,
and will confer with department heads to discuss these requests.
4. In April of each year, the Finance Committee will begin assembling
the City budget.
5. In May of each year, the Finance Committee will confer with the Mayor
for the preparation of the City budget for the next fiscal year to
be submitted to the City Council.
6. The budget shall be submitted to the City Council at the first (1st)
regular meeting in June.
[Ord. No. 7 §3, 3-27-1980]
A. Cash
drawer, receipts and deposits thereof will be the sole responsibility
of the City Collector.
B. The
Collector's cash drawer will be closed out before the end of the day's
business and a cash count control sheet will be utilized, i.e., beginning
balance plus various receipts less deposit equals ending balance.
C. Collector
will deposit receipts intact daily.
D. City
Clerk will periodically compare deposits per cash count control sheets
to deposits per bank statement.
E. Collector
will maintain a standard collection summary sheet which will be used
to post to the cash receipts book. The summarization of the collection
sheets and the time to post will be decided upon by the Clerk, whatever
is the most feasible (pref. weekly).
F. Source
documents i.e., tax bills, debit or credit memos, etc., should be
reconciled to the standard collection summary sheet daily.
G. Source
documents should be filed chronologically. A four (4) part tax bill
should be utilized so a double set of files can be maintained on the
tax collections; one (1) by date paid the other by number or alphabetical
order.
[Ord. No. 7 §4, 3-27-1980]
A. The
City Clerk should prepare the tax books, which should be in total
agreement with the list furnished by the County Assessor.
B. The
tax book should be turned over to the City Collector after it is completed
by the Clerk.
C. Any
additions or deletions thereto should have back up approval from the
Council and should be duly recorded in the minutes.
D. If
any properties on the assessment sheet are outside the City limits,
they should be reviewed by the Council before eliminating them.
E. A delinquent
tax bill list will be prepared after March 15 and before April 1 of
each preceding tax year. This list will be presented to the Council
for review. Monthly lists thereafter should also be presented. Second
tax bills should be sent after a reasonable time.
F. The
Collector should get the approval of the Council before writing off
any uncollectible tax bills.
[Ord. No. 7 §5, 3-27-1980; Ord. No. 744 §1, 12-15-2003]
A. Department
heads will fill out a three (3) part purchase order in requisitioning
materials, supplies and equipment of small nature for items costing
over fifty dollars ($50.00).
B. Purchase
orders will be kept at City Hall and will be distributed to department
heads one at a time as the need for them arises.
[Ord. No. 1020 §1, 4-20-2015]
C. A file
will be maintained for all open purchase orders and commitments.
D. Goods
should be shipped to department locations. Department heads should
acknowledge receipt and good condition of goods on the shipping copy
and send the shipping copy to the Clerk's office, signed by the Department
head.
E. Clerk's
office should match the purchase order and the invoice; compare quantities,
prices and text extensions. Upon proper verification, a voucher should
be prepared with the purchase order and invoice attached.
[Ord. No. 7 §6, 3-27-1980; Ord. No. 466 §1, 3-6-1995]
A. All
checks written upon the City Treasury shall be signed by the City
Clerk and the Mayor.
B. The
City Clerk will prepare the check for signing from voucher before
the City Clerk and the Mayor sign the same.
C. The
City Clerk will enter checks into the City's cash disbursement journal.
D. The
City Clerk will write the check number on voucher as each check is
signed by the City Clerk and the Mayor, before the City Clerk mails
the same.
[Ord. No. 7 §7, 3-27-1980]
A. Merchant's
licenses will be prenumbered and therefore accounted for each month.
B. Merchant's
licenses are sold duly throughout the year on a pro-rated basis and
become due July 1 of the tax year.
C. Notices
will be mailed out on the fifteenth (15th) of the month preceding
the due date. Licenses become delinquent thirty (30) days from the
due date. A ten percent (10%) per month penalty is cumulated thereafter
up to one hundred percent (100%) per year.
D. Delinquent
licenses are handled on a month to month basis.
[Ord. No. 7 §8, 3-27-1980]
A. Personnel
records including wage and salary data will be maintained for all
employees.
B. Any
name added to the payroll should be backed up by an authorization
in the minutes.
C. Any
wage or salary rate changes should be backed up by an authorization
in the minutes.
D. All
wage and salary rates should be formally approved in the minutes.
E. A separate
payroll register apart from the cash disbursements will be maintained
with the total checks cut for payroll to be entered into the Disbursement
Journal in the aggregate.
F. Payroll
advances to City employees should be prohibited or adequately controlled.
G. The
City will prohibit discrimination based on race, sex etc., in its
employment practices.