(A) The County Treasurer is hereby authorized and empowered to utilize electronic funds transfers in the transaction of the county's business with financial institutions, in connection with the following specific types of transactions:
(1) Transfers of funds to the county's payroll account for purposes of satisfying payroll obligations; and
(2) Transfer of funds between accounts of the county.
(B) All electronic funds transfers must be personally authorized and approved by the County Treasurer.
(C) The County Treasurer's office is required to maintain, for a period of six years from each electronic funds transfer, documentation from the bank holding the account, recording the transaction in written form. The written record which may be in the form of a letter, deposit slip or fax confirmation, must contain at least the following information:
(1) The date of the transaction;
(2) A description to identify the type of transaction; and
(3) The amount of the transaction.
(Ord. 32-2006, passed 9-25-2006)