There shall be maintained in the city treasury a general fund and such other funds as may be required by statute, ordinance, or resolution. The council may, by ordinance or resolution, make inter-fund loans, except from trust and agency funds, as it may deem necessary and appropriate.
All receipts of money shall be in the city treasury. All such moneys, and also all moneys received upon tax judgment form the county treasurer, shall be deposited as soon as received in a financial institution as approved by the City council, said financial institution shall first furnish good and sufficient security acceptable to the City Council.
(Ord. 193, passed 6-3-2019)