All earnings of Greenwood Connections together with all contributions and other funds procured for the maintenance and improvement of Greenwood Connections shall be deposited into the nursing home fund. All checks drawn on the account of Greenwood Connections shall contain two signatures. One signature shall be of either the Greenwood Connections Administrator, Mayor or City Clerk/Treasurer. The second signature shall be either the Business Office Manager, Mayor, City Clerk/Treasurer, Deputy Clerk/Treasurer or Deputy Mayor. The City Council authorizes the Greenwood Connections Administrator and Greenwood Connections Business Office Manager to make regular expenditure payments for Greenwood Connections to include payroll expenditures, regular cyclical payments and payments for all necessary equipment, apparatus, and supplies. The Board authorizes the Greenwood Connections Administrator to approve and make the payment of regular expenditures and any single capital item of purchase not specifically included in the budget that does not exceed $25,000. All capital items of purchase of more than $25,000 shall first be approved by the City Council. The Greenwood Connections Board/Administrator shall keep accurate accountings of all monies received and disbursed by it and of all outstanding credits and liabilities 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.
(Ord. passed 3-13-00; Am. Ord. 31, passed 3-14-16; Am. Ord. passed - -)