A. Funding And Accounting Generally: The revenues and other resources of the city shall be divided into funds as provided by law and accounted for as provided thereby. (1985 Code § 7-111)
B. Sinking Fund:
1. It is the duty of the officers of the city to handle, deposit, invest, and use the money in the sinking fund of the city in the manner provided by law.
2. The city treasurer shall deposit daily all uninvested sinking fund money in his hands in banks as provided by law. (1985 Code § 7-112)
C. Claims And Invoices: Claims and invoices against the city shall be made and processed as provided by law. (1985 Code § 7-113)
D. Warrants; Disbursement Of Funds: Warrants shall be issued and processed, and funds of the city disbursed, only for legal purposes and in accordance with law. (1985 Code § 7-114)
E. Bonds, Issuance And Sale: Bonds of the city shall be issued, sold, paid, and handled in all respects as provided by law. (1985 Code § 7-115)