[1960 Code, Secs. 1.14.010, 1.14.020, 1.14.030]
(A) 
Examine Accounts Of Officers: The committee on finance of the Council may prescribe the manner in which the books and accounts of all officers of the City shall be kept, in order to establish uniformity therein. Said committee shall, from time to time, examine the books and accounts of the City officers and see that they are regularly and neatly kept and preserved and that the books and papers belonging to the offices of the Clerk and treasurer are secure from loss or injury by fire or otherwise; and they shall report to the Council any neglect or failure on the part of any such officer to keep his books and accounts properly or to preserve any papers pertaining to his office.
(B) 
Decide Questions Between Officers: In the adjustment of the accounts of the treasurer with the City Clerk, there shall be an appeal to said committee on finance, whose decision in all matters of controversy between said officers shall be final unless the Council shall otherwise direct and provide.
(C) 
Annual Examination Of Accounts: The committee on finance shall meet annually upon the close of each fiscal year and examine and compare the reports and statements made by the City Clerk and City Treasurer or other City officers, and shall report thereon to the Council.
[1960 Code, Sec. 1.06.190]
The City Council shall, within the first quarter of each fiscal year, pass an ordinance to be termed the annual appropriation bill in which the Council shall appropriate such sum or sums of money as it may deem necessary to defray all necessary expenses and liabilities of the City for the current fiscal year; and in such ordinance shall specify the objects and purposes for which such appropriations are made and the amount appropriated for each object or purpose. No further appropriations shall be made at any other time within such fiscal year unless the proposition to make each appropriation has been first sanctioned by a majority of the legal voters of the City either by a petition signed by them or at a general or special election duly called therefor.
[1960 Code, Sec. 1.06.200]
Neither the City Council nor any department or officer of the City shall add to the corporate expenditures in any one year anything over and above the amount provided for in the annual appropriation bill of that year, except as herein otherwise specially provided; and no expenditure for an improvement to be paid for out of the general fund of the City shall exceed in any one year the amount provided for such improvement in the annual appropriation bill; provided however, that nothing herein contained shall prevent the City Council from ordering by a 2/3 vote any improvement, the necessity of which is caused by any casualty or accident happening after such annual appropriation is made. The Council may, by a like vote, order the Mayor and the committee on finance to borrow a sufficient amount to provide for the expense necessary to be incurred in making any improvements, the necessity of which has arisen as is last above mentioned for a space of time not exceeding the close of the next fiscal year, which sum and the interest thereon shall be added to the amount authorized to be raised in the next general tax levy, and embraced therein. Should any judgment be obtained against the City, the Mayor and committee on finance, under the sanction of the Council, may borrow a sufficient amount to pay the same for a space of time not exceeding the close of the next fiscal year, which sum and interest shall, in like manner, be added to the amount authorized to be raised in the general tax levy of the next year and embraced therein.
[1960 Code, Sec. 1.06.210]
No contract shall hereafter be made by the Council, or any committee or member thereof, and no expense shall be incurred by any of the officers or departments of the City, whether the object of the expenditure shall have been ordered by the Council or not, unless an appropriation shall have been previously made concerning such expense, except as herein otherwise expressly provided.
[1960 Code, Sec. 1.06.220; amended Ord. 432, 4-21-1997]
The Council shall annually on or before the last Tuesday in December of each year, ascertain the total amount of appropriations for all corporate purposes legally made and to be collected from the tax levy of that fiscal year; and by an ordinance specifying in detail the purposes for which such appropriations are made and the sum or amount appropriated for each purpose, respectively, levy the amount so ascertained upon all the property subject to taxation within the City as the same is assessed and equalized for state and county purposes for the current year. A certified copy of such ordinance shall be filed with the county Clerk of Logan County, whose duty it shall be to ascertain the rate percent which, upon the total valuation of all the property subject to taxation within the City, as the same is assessed and equalized for state and county purposes, will produce a net amount not less than the amount so directed to be levied; and it shall be the duty of the county Clerk to extend such tax in a separate column upon the book or books of the collector or collectors of the state and county taxes, within the City; provided, the aggregate amount of taxes levied for any one year, exclusive of the amount levied for the payment of the bonded indebtedness or interest thereon and for library purposes, shall not exceed the rate of 2% upon the aggregate valuation of all property within the City subject to taxation therein as the same was equalized for state and county taxes for the current year.
[1960 Code, Sec. 1.06.230]
The tax so assessed shall be collected and enforced in the same manner and by the same officers as state and county taxes, and shall be paid over by the officers collecting the same to the City Treasurer.
[1960 Code, Sec. 1.06.240]
It shall be the duty of the officer collecting such tax to settle with and pay over to the City Treasurer, as often as once every 30 days when required by said treasurer to do so, the amount of tax that he may have collected, and at the same time shall render to said treasurer a statement in writing of the amount of tax collected for the City, until the whole tax collected shall be paid over to said treasurer.
[1960 Code, Sec. 1.06.250]
Whenever the City is required to levy a tax for the payment of any particular debt, appropriation or liability, the tax for such purpose shall be included in the total amount assessed by the Council and certified to the county Clerk as aforesaid, but the Council shall determine in the ordinance making such assessment what proportion of such total amount shall be applicable to the payment of such particular debt, appropriation or liability, and the City Treasurer shall set apart such proportion of the tax collected and paid to him for the payment of such particular debt, appropriation or liability and shall not disburse the same for any other purpose until such debt, appropriation or liability shall have been discharged.
[1960 Code, Sec. 1.06.260]
All taxes levied or assessed by the City, except special assessment for local improvements, shall be uniform upon all taxable property and persons within the limits of the City and no property shall be exempt therefrom other than such property as may be exempt from taxation under the constitution and general laws of the state.
[1960 Code, Sec. 1.52.010, 1.52.020]
(A) 
Authority: No officer of the City shall make any contract unless lawfully authorized so to do either by the laws of this state or the ordinances of the City or some action of the Council. Whenever in any department any supplies of any kind are needed, the head of such department shall make application to the Council committee in charge of that department, and in no event shall any contract for such supplies be legal unless approved beforehand by such committee or by the City Council in session; provided, that nothing herein shall be construed as suffering any contract to be made or liability to be incurred where there is no appropriation, unexpended, legally made, sufficient to cover the expense.
(B) 
Claims: All claims must be verified and no claim shall be allowed or any warrant drawn for its payment unless the claimant or some credible person for him shall, before an officer authorized to administer oaths, make affidavit that the claim or account is just, true and correct and that the charges therein are reasonable and according to contract. Such claims must also pass before the proper committee of the Council for approval or report, in writing, and must be allowed by the Council at a regular or special meeting thereof.
[Ord. 387, 1-17-1995; Ord. 594, 5-17-2004]
(A) 
Depositories Designated: Union Planters Bank (Lincoln Banking Center), the State Bank of Lincoln, the Logan County Bank, Illini Bank (Lincoln Banking Center), and Central Illinois Bank (Lincoln Banking Center), the Illinois Public Treasurer's Investment Pool,[1] Citizens Equity Federal Credit Union (CEFCU), and such other financial institutions as may be designated depositories by ordinance of the City Council, are hereby designated depositories in which the monies of the City in the custody of the City Treasurer shall be kept as provided and authorized under 65 Illinois Compiled Statutes 5/3.1-35-50 and any future amendments thereto.
No bank shall be qualified to receive such monies unless and until it has furnished the City Council semiannually each fiscal year with a copy of one sworn statement of resources and liabilities which such bank is required to furnish to the commissioner of banks and trust companies or the comptroller of the currency. If a bank listed above as a designated depository fails to provide such a sworn statement semiannually, then said bank shall no longer be a designated depository to have custody of City monies.
No savings and loan association shall receive City monies unless and until it has furnished the City Council semiannually each fiscal year with a copy of one sworn statement of resources and liabilities which the savings and loan association is required to furnish to the commissioner of savings and loan associations or to the Federal Home Loan Bank. Each savings and loan association so designated as a depository for City monies shall, while acting as such depository, furnish the City Council with a copy of all statements of resources and liabilities, which it is required to furnish to the commissioner of savings and loan associations or the Federal Home Loan Bank. If a savings and loan association listed above as a designated depository fails to provide such a sworn statement semiannually, then said savings and loan association shall no longer be a designated depository to have custody of City monies.
[1]
Maintained pursuant to 15 ILCS 505/17, and future statutory amendments thereto.
(B) 
Northern Trust Company: The Northern Trust Company, a bank with its principal office in the City of Chicago, Cook County, Illinois, be and the same is hereby designated as a depository in which the funds and monies of the City, in the custody of the treasurer, may be kept, upon said Northern Trust Company as such depository furnishing the corporate authorities copies of the last two sworn statements of resources and liabilities which said bank is required to furnish as set out in Subsection (A) of this section.
All funds drawn from said depository shall be by check or other orders for the payment of money, signed by the City Treasurer and countersigned by either the Mayor or the Clerk.