The fiscal year of the city is designated as beginning with the first day of October of each year and ending the next ensuing last day of September.
(1995 Code, sec. 29.001)
A bank shall be designated as the official depository of the city. Checking accounts or savings accounts, as authorized by the city council, shall be established at said bank with the requirement that all checks written against any account(s) shall require at least two signatures. The mayor, mayor pro tem, city secretary, or deputy/assistant city secretary are the authorized persons who may sign city checks.
(Ordinance 2021-O-609 adopted 11/12/21)
After the city council approves the budget, the city secretary shall keep a copy of the budget in his or her files.
(1995 Code, sec. 29.020; Ordinance adopting Code)
The city council may condition funding of volunteer or other groups requesting city support on the submittal of adequate periodic financial information to the council listing the group’s income and expenditures by type, amount, and date.
(1995 Code, sec. 29.030)
(a) 
If a person presents a check to the city for the payment of any fees or fines, or for any other purpose, and the financial institution upon which it is drawn dishonors or returns the check for any reason, then the city shall charge and such person shall pay a returned check fee.
(b) 
Each check, regardless of amount, that is returned dishonored shall be subject to a returned check fee in the maximum amount authorized by law.
(c) 
A person may not pay any fee, fine, or other amount to the city if that person has previously attempted to pay such fee, fine, or other amount with a check that was not honored, unless that person presents full payment of the returned check fee charged for the dishonored check in addition to the full amount for the fee, fine, or other amount.
(1995 Code, sec. 26.110; Ordinance adopting Code)
(a) 
Street fund.
There is hereby established and created a fund to be entitled “street fund.” Money received by the city pursuant to ordinances or agreements requiring dedication of funds for construction, repair, or maintenance of public streets and money transferred or appropriated by the city council for the construction, repair, or maintenance of public streets shall be held in said fund to be used solely and exclusively for the purpose of construction, repair, or maintenance of public streets; provided that funds received by the city pursuant to an ordinance or agreement shall be used in accordance with the applicable ordinance or agreement. Such fund shall be invested or held in an interest-bearing account and all earnings and interest thereon shall accrue to the street fund.
(b) 
Utility fund.
There is hereby established and created a fund to be entitled “utility fund.” Money received by the city pursuant to ordinances for utilities and money transferred or appropriated by the city council for utilities shall be held in such fund. Such fund shall be invested or held in an interest-bearing account and all earnings and interest thereon shall accrue to the street fund.
(Ordinance 2012-O-429 adopted 8/9/12)