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At the close of each calendar month, or shorter period as necessary, a demand shall be drawn against the fund of any department having a petty cash fund for an amount equal to the sum of all expenditures made during the period involved plus the sum of any unaccounted for shortage of cash disclosed by accountings of receipts and expenditures for such period. The demand shall be in favor of the department so drawing it. The unaccounted for cash shortages included therein shall not be subject to the $500 limitation for petty cash disbursements set forth in Section 5.152.
In the event the aggregate total of cash shortages not supported by receipts and vouchers exceeds $100.00, the Council upon report of the department involved, by resolution may increase the $100.00 limitation for the remaining portion of the fiscal year for that department. Such demands, having attached thereto properly approved receipts or vouchers covering every expenditure and every unaccounted for shortage of cash set forth therein, or vouchers covering every expenditure and every unaccounted for shortage of cash set forth therein, together with evidence of Council approval of shortages of cash causing the total thereof to exceed $100.00 in a fiscal year, shall be presented to the Controller for approval, as in the case of all other demands drawn on the City Treasurer of the City of Los Angeles.
SECTION HISTORY
Based on Ord. No. 59,495.
Amended by: Ord. No. 148,999, Eff. 12-20-76; First sentence of first Para. deleted, Second and Third Paras. amended, Ord. No. 170,223, Eff. 2-10-95; Ord. No. 173,186, Eff. 5-22-00.
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