CHAPTER 3.12: GENERAL AND SPECIAL FUNDS

Section

   3.12.005   Created.

   3.12.008   Custodian.

   3.12.010   Expenditures

§ 3.12.005 Created.

   A.   General Fund. There is created a general fund for the general operation of the city. All revenues accruing to the city, other than those designated for special funds as provided for in Chapter 3.12(B), shall be paid into and credited to the general fund.

   B.   Additional Funds. The City Council may create or eliminate other funds, as follows by resolution as required by the state or federal government, or when it is in the best interests of the City of Canby.

      1.   Special Revenue Funds;

      2.   Internal Service Funds;

      3.   Debt Service Funds;

      4.   Capital Reserve Funds;

      5.   Enterprise Funds.

§ 3.12.008 Custodian.

   A.   The City Treasurer is appointed official custodian for the care, custody and control of all public funds for the city.

   B.   The City Treasurer shall be bonded in the amount of not less than $100,000.

§ 3.12.010 Expenditures.

   Checks or warrants may be drawn on said fund for the general operation of the city in accordance with the annual budget or budgets. The accounts of the city shall be so kept that they shall show the departments and the respective amounts for which the check or warrant is issued and paid.