A. No fund shall be established or exist unless authorized by an ordinance or resolution of the Council.
B. No fund shall be used for any purposes other than as designated by the ordinance or resolution by which it was established or by an amendment thereto; provided, however, that surplus moneys of any fund may be transferred to any other fund when consistent with State law and this chapter.
C. No money may be transferred between funds except as authorized by an order of the Council entered in its minutes, or by its ordinance or resolution.
D. All money or other resource received by the City shall be recorded in the fund most descriptive of the source thereof.
E. For the purpose of administering funds established by the Council, subordinate accounts may be used to show receipts and expenditures therein. (Ord. 1669 § 1 (part), 1970).