PART 7
FINANCE AND TAXATION

CHAPTER 1
FINANCES GENERALLY

SECTION:

7-101: Investments

7-102: Depositories Designated; Deposit Of Funds

7-103: Funds Secured By Unit Collateral System

7-104: Purchasing And Cash Disbursement Processing Methods And Internal Controls

7-105: Additional Fiscal Procedures; Competitive Bidding And Purchasing

7-106: Surplus Or Obsolete Property

7-101: INVESTMENTS:

The Town Treasurer or any other person authorized to invest public monies shall invest the same in those investments authorized by the Town Board of Trustees or authorized by State law in a manner authorized by either or both such Board of Trustees and statutes. (1998 Code)

7-102: DEPOSITORIES DESIGNATED; DEPOSIT OF FUNDS:

All banks and financial institutions as are designated by the Town Board of Trustees shall be designated as depositories for the funds of the Town. The Town Treasurer shall deposit daily all public funds received by him in these banks. Funds may be transferred from one depository to another upon direction of the Treasurer. (1998 Code)