(A) All money, negotiable instruments, securities, vouchers and evidence of debt due the city, by whatsoever city officers, employees or agents received, shall be turned over by the recipients thereof to the City Clerk not less frequently than once each week, and more often as may be provided by resolution or order of the City Council; and each person so paying over to the City Clerk shall furnish to the City Clerk the information as maybe required to identify the source, date, purpose, amount and character (whether money, note and the like) of the payment and the fund to which it is to be credited.
(B) City funds shall be maintained by the City Clerk in a depository as shall be designated from time to time by resolution of the City Council; and securities, notes and other liquid assets of the city not so deposited shall be maintained in a safety deposit box as provided from time to time by resolution of the City Council.
(1973 Code, § 2-4)
Charter reference:
Authority of City Council to make regulations for the safekeeping of city funds, see Charter § 7.10
Division of city funds into general fund and other funds, see Charter § 7.11
Salaries of members of the City Council, the Mayor and all subordinate officers and officials, see Charter § 2.07
Statutory reference:
Depositories and deposit of funds by cities of the fourth class and duties of city treasurers, see M.S. Chapters 118A and 427