Subdivision 1. The city must maintain a general fund for the payment of all expenses the council considers proper. All monies levied for this fund and all monies not required to be placed in some other fund must be paid into the general fund.
   Subdivision 2. The city must also maintain all other funds, or division of funds, as the budget requires or the city manager and council direct, or are required by law, ordinance or resolution.
(Section 7.11 amended by Ord. 2004-8, passed 4-5-2004)