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Council pursuant to and in accordance with Section 133.04, hereby authorizes the Director of Finance to credit interest income to the General Bond Retirement Fund.
(Ord. 1146. Passed 12-15-87.)
(a) Council hereby authorizes the Finance Director to credit interest accrued from the investment of utility bonds to the following funds:
(1) Water Revenue Fund.
(2) Sewer Revenue Fund.
(3) Water Improvement and Replacement Fund.
(4) Sewer Capital Improvement Fund.
(b) The sum credited to each fund described in subsection (a) hereof shall be based on its balance in proportion to the investment. The interest received shall be credited to the above funds on the basis of the allocation.
(Ord. 794. Passed 7-21-81.)
Council hereby authorizes the City Finance Director to require that any City department that has received funds exceeding five hundred dollars ($500.00) must deposit said funds within twenty-four hours of the receipt thereof.
(Ord. 98-1869. Passed 4-21-98.)
Council hereby establishes the following minimum bonding limits for the following City employees:
Finance Director | $500,000 Surety Bond |
City Manager | $25,000 Surety Bond |
Assistant City Manager | $25,000 Fidelity Bond |
Utility and Permitting Splst. | $25,000 Fidelity Bond |
Business Services Splst. | $25,000 Fidelity Bond |
Finance Clerks | $25,000 Fidelity Bond |
Mayor’s Court Clerks | $25,000 Fidelity Bond |
(Ord. 10-807. Passed 7-13-10.)
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