All fund accounts of the city shall be maintained in a city
depository or investment accounts approved by the City Council.
(1998 Code, sec. 1.701)
The City Manager shall make a monthly written report to the
City Council which shall describe in detail all city fund accounts.
The report shall set forth the type of account, the interest rate
(if any) on the funds in such account, the securities pledged against
such account and the current market value of the securities.
(1998 Code, sec. 1.702)
The forms or documents used to open all city accounts shall
specifically provide that at least two (2) authorized signatures are
required to validate the transfer of city funds or the issuance of
a city check or draft. A transfer, check, or draft shall include any
two (2) of the following authorized signatories:
(1998 Code, sec. 1.703)
