A. All transfers of resources between funds shall only be made in accordance with the appropriations provided by the city council for such transfers. Such appropriations shall be contained in the original or amended budget of the city.
B. Once lawfully appropriated, interfund transfer payments may be made by the city treasurer without further city council approval. Such transfers, however, may not exceed the amount lawfully appropriated.
C. The manner of payment of these interfund transfers shall be consistent with the manner used for the payment of purchases of goods, services and capital as described in subsection 3-1-3E of this chapter.
D. The city treasurer shall record or cause to be recorded these interfund transfers in the appropriate journals and ledgers. (Ord. 2008-03, 5-13-2008)