In accordance with ordinances of the Council
and general provisions of law, accurate and concise records shall
be kept of all moneys, funds, and property received by the City and
the disbursement thereof; of the funded debt, its maturities, and
various purposes and accounts for which issued; of all funds and accounts
for which money is raised by taxation or special assessment; and,
generally, of all financial activities of the City, all of which shall
conform so far as practicable to approved municipal accounting systems.
The City Manager shall prescribe rules and regulations covering and
controlling such systems of records and accounting.
The Council shall prescribe and establish a
system of examination and audit of all claims against the City arising
out of contract, express or implied; no such claim against the City,
except for a fixed salary, compensation of officers or employees in
any department, or for principal or interest on bonded debt, shall
be paid unless a claim therefor shall have been prepared and audited,
or approved by the Council. No costs shall be allowed in any judgment
recovered against the City on a claim arising out of contract, express
or implied, unless such claim shall first have been presented to the
Council, or for audit, at least 30 days before the commencement of
an action.
The City's fiscal year shall begin on the first
day of July in each year.
The Council may by ordinance provide and permit
moneys, except water moneys, funds and accounts, to be transferred
from one fund or account to another. No fund, account or appropriation
as fixed by the City tax budget shall be overdrawn.
In case there is a surplus in the aggregate
of revenue estimated in the City budget, such surplus shall be included
with estimated revenues in the next budget, if ascertainable at the
time such budget is prepared.
[Added 5-4-1989 by L.L. No. 1-1989]
The City Council may, by resolution adopted
by four affirmative votes, sell, convey, exchange, grant or release
any City real estate or any franchise belonging to or under the control
of the City, apply such real property for a period not to exceed 40
years at public or private sale, and grant rights or interests in,
over, under and across any real property in which the City has any
right, title or interest, for such consideration and upon such terms
and conditions as the City Council may deem proper.