There is created a fund, known and designated as the claims clearing fund, into which shall be paid and transferred from the various funds an amount of money equal to the various claims against the city for any purpose. References in this chapter to "the fund" shall be deemed to refer to the claims clearing fund established in this section.
(Ord. 492 § 1, 1981; Ord. 1206 § 2, 2018)
Whenever it is deemed necessary, the finance director is authorized, empowered and directed to transfer from the funds of the various departments to the claims clearing fund sufficient moneys to pay the claims against the various departments of the city.
(Ord. 492 § 2, 1981; Ord. 1206 § 2, 2018)
The claims clearing fund shall be used and payments therefrom shall be made only for the purpose of paying any claims against the city.
(Ord. 492 § 3, 1981; Ord. 1206 § 2, 2018)
Following compliance with the process set forth in Chapter 3.85 SMC, the finance director is authorized, empowered and directed to issue warrants or checks on and against the fund in payment of materials furnished, services rendered or expense or liability incurred by the various departments and offices of the city. All warrants issued on or against the fund shall be solely and only for the purposes set forth in this chapter and shall be payable only out of and from the fund. In lieu of issuing a warrant, if the fund is solvent at the time city payment is ordered, the finance director may elect to make payment by check, electronic payment, or credit card.
(Ord. 492 § 4, 1981; Ord. 761 § 1, 1996; Ord. 1206 § 2, 2018)