(A) The funds authorized for the Investigative Aid Fund will be maintained in an interest bearing account under the control of the Clerk-Treasurer.
(B) The Chief of Police must authorize all advances of funds to agents or officers for the purchase of information, evidence, or other necessary expenditures. Such authorization must specify the information or item to be received, the amount of the expenditure, and the name of the agent or officer purchasing the information or item.
(C) The Chief of Police shall maintain a detailed record of each payment made from the Investigative Aid Fund. Such record shall specify the date and amount of each payment, the information received, and the use to which the information was put. The Chief of Police shall also provide a periodic and, in any event, not less than annual, report showing the status and reconciliation of the fund. This periodic report shall be submitted to the Clerk-Treasurer and made a part of the permanent files of the imprest fund and copies shall be submitted for review to the Town Council.
('80 Code, § 3.28.020) (Ord. 1986-22, passed 8-11-86; Am. Ord. 1993-28, passed 10-25-93; Am. Ord. 2004-14, passed 6-14-04)