TITLE 2
FINANCE AND TAXATION
FINANCE AND TAXATION
CHAPTER 1
GENERAL FINANCE PROVISIONS
GENERAL FINANCE PROVISIONS
SECTION:
2-1-1: Depositories Designated; Deposit Of Funds
2-1-2: Purchasing Agent; Determinations
2-1-3: Purchasing Policies, Limits
2-1-4: Initiation Of Purchase Activities
2-1-5: Purchase Requests; Bid Requirements; Contract
2-1-6: Change Orders
2-1-7: Payment Of Claims
2-1-8: Code Of Conduct; Conflict Of Interest
2-1-9: City Officers Restricted
2-1-10: Internal Controls
A. Use Of Designated Depositories: Banks and all savings and loan associations which are incorporated under federal or state law may be designated as depositories for the funds of the city. The city treasurer shall deposit daily all public funds received by him in such banks or savings and loan associations. (1987 Code § 7-101)
B. Funds Secured: The deposits of the city shall be secured pursuant to the security for local public deposits act, 62 Oklahoma Statutes section 517.1 et seq. (1987 Code § 7-102; amd. 2004 Code)
The city council shall appoint a purchasing agent or agents for the city. The purchasing agent shall determine, before purchases are made, that:
A. Funds are available;
B. The purchase is within the budget of the department;
C. The purchase is within the scope of the program for which the request is made; and
D. The department head has made the request for purchase. (1987 Code § 7-103)
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