All earnings of Greenwood Connections together with all contributions and other funds procured for the maintenance and improvement of the Greenwood Connections fund. All checks drawn on the account of Greenwood Connections shall contain two signatures. One signature shall be the signature of the Greenwood Connections Administrator/Mayor or City Administrator/Clerk/Treasurer. The second signature shall be the signature of either the Business Office Manager, Deputy Mayor or Deputy Clerk. The City Council authorizes the Greenwood Connections Administrator and Greenwood Connections Business Office Manager to make payment of regular expenditures for Greenwood Connections to include payroll expenditures, regular cyclical payments such as utility bills, payment of medical services contracts pre-approved by Board and Council and payment of all necessary equipment, apparatus and supplies provided however, that any single capital item of purchase not specifically included in the budget between the amounts of $5,000 through $25,000 shall be first approved by the City Council and all capital items of purchase of more than $25,000 shall first be approved by the City Council, per Res. 110-2011. The Greenwood Connections Board shall keep accurate accountings of all monies received and disbursed by it and of all outstanding credits and liability and shall furnish to the Council on a monthly basis an itemized list of all checks written and a financial statement showing monthly income, expenditures and fund balances. The books, accounts and funds of the facility shall be audited in the same manner as all other funds of the city. The Board and its administration shall be subject to limitations on their powers as may be set by City Council resolution or other city ordinances.
(Ord. passed 3-13-00; Am. Ord. 31, passed 3-14-16)