The City Council may create any department, division or section deemed necessary or appropriate for the administration of the City and shall prescribe by resolution or ordinance the organization, powers and duties of such bodies. In addition to such designated duties and functions, each department and unit thereof shall be open during regular business hours as defined by the City, shall make a daily deposit with the City Treasurer or his or her designee of any public monies, and shall pay out monies belonging to the City only in the manner prescribed by law, ordinance, regulation or policy. (1994 Code)