(a) Effective February 1, 1998, all City payroll shall be deposited in a payroll depository account in a commercial bank for disbursement through the Federal Reserve Automated Clearing System. The City shall transfer by electronic wire (direct deposit) payroll monies to the account(s) of each employee entitled to wages from the City.
(b) Each City employee shall provide the Finance Director with his or her account number(s) and the name of a bank or financial institution where his or her deposits are to be made.
(c) The City shall deposit an employee's payroll in an account of a financial institution selected by the employee, which may be a commercial bank, savings and loan bank, credit union or other recognized financial institution. In the event that an employee fails to provide said information, the Finance Director shall determine the procedure for disbursement of his or her wages. The City shall provide to employees a direct deposit voucher detailing the transaction on or prior to the payroll payment date.
(Ord. 3-98. Passed 1-12-98.)