[R.O. 2006 §150.050; CC 1978 §80.500]
All revenue derived from the source specified in Article I of this Chapter shall be deposited in a fund to be known as the General Revenue Fund, from which Fund shall be paid all operating expenses of the City of Warrenton.
[R.O. 2006 §150.060; CC 1978 §80.510]
All funds derived by the City from the operation of its municipally
owned waterworks shall be deposited in a fund to be known as the Water
and Sewer Fund. The monies deposited in said Fund shall be used first
for the payment of the expenses of operating said waterworks. Any
surplus remaining in said Fund after the payment of the operating
expenses of the waterworks, and after retaining sufficient sums to
meet the anticipated expenses for the ensuing month, may be appropriated
from the Water and Sewer Fund into the General Revenue Fund of the
City, by ordinance.
[R.O. 2006 §150.080; CC 1978 §80.530]
No money shall be paid out of any fund belonging to the City
until the Board shall have approved such expenditure. No money shall
be paid out of any fund except upon warrant as hereinafter provided.
[R.O. 2006 §150.090; CC 1978 §80.540; Ord. No. 2432, 9-18-2018; Ord. No. 2648, 12-7-2021; Ord. No. 2670, 4-5-2022]
A.
The individuals listed below are hereby authorized and recognized as designated signers for the City, and said individuals are otherwise authorized to execute checks, drafts or other payment orders or instruments drawn for payment on all City bank accounts, except for those specified in Subsection (B) below. Any financial institution holding an account for the City is authorized to pay such checks, drafts or other payment orders or instruments drawn on the main operating account so long as such instruments bear the signature, or facsimile thereof, of at least two (2) of the below-listed individuals and such signatures match the signatures on file with said financial institution:
B.
The individuals listed below are hereby authorized and recognized
as designated signers for the City, and said individuals are otherwise
authorized to execute checks, drafts or other payment orders or instruments
drawn for payment on the Municipal Division account of the City. Any
financial institution holding the Municipal Division account for the
City is authorized to pay such checks, drafts or other payment orders
or instruments drawn on the Municipal Division account so long as
such instruments bear the signature of two (2) of the individuals
listed below and such signatures match the signatures on file with
said financial institution:
C.
The individuals listed below are fund transfer agents of the City
and are authorized to make or verify electronic, written, telephonic
or verbal requests for the transfer of funds, including wire transfers
and ACH debits from a City account, except for the Municipal Division
Account, to other accounts of the City or to third parties; to enter
into agreements with financial institutions providing for such fund
transfers; and to designate other fund transfer agents. Financial
institutions which the City has entered into an agreement with are
authorized to honor all such fund transfers when given or purported
to be given by the following individuals or their designee:
D.
The City's Finance Officer is designated as the City's investment
agent and is authorized to buy, sell, assign, transfer and/or deliver
any and all securities owned or hereafter acquired by the City of
Warrenton. The City's Finance Officer is authorized to enter into
any agreement with financial institutions relating to securities and
investments. The City's Finance Officer is authorized to provide instructions
regarding the sale, purchase or transfer of any securities held in
the name of the City and to receive communications and sign all documents
relating to the securities or investment transactions. In addition
to the City's Finance Officer, the individuals listed below are also
authorized to sign all documents related to securities and investment
transactions:
