There is hereby authorized, created and established a Cash Change Fund for use in the Utility Office to be known as the Utility Cash Change Fund, pursuant to the provisions of I.C. 36-1-8 et seq.
(A) The Clerk-Treasurer and such employees as he or she may designate are permitted to collect cash revenues at the Utility Office, in order to support the duties outlined in and to carry out the purposes of the utility.
(1) The Clerk-Treasurer is permitted to establish a Cash Change Fund in support of this section.
(2) Such a Fund must be established by a warrant drawn upon the appropriate fund in favor of the Clerk-Treasurer, who is the custodian of the Fund.
(B) The Fund shall be established by a warrant drawn from the proper appropriated or non-appropriated balance of the corporation general or such other fund, as the Town Council may direct, in the amount of $100, in support of the establishment of such a Cash Change Fund:
(1) The establishing warrant and such successive warrants as shall be necessary to resupply the Fund shall be drawn in favor of the Clerk-Treasurer who shall convert the warrant to cash.
(2) The Clerk-Treasurer and such employees as he or she may designate shall use it to make change when collecting rates and charges for programs or services performed under the authority of law by the Utility Office.
(3) The Clerk-Treasurer shall account for it in the same manner as is required of other funds of the town.
(C) The entire Cash Change Fund authorized and established pursuant to this section shall be returned to the corporation General Fund or its fund of origin whenever there is a change in the custodian of the fund.
(D) The entire Cash Change Fund authorized and established pursuant to this section shall be returned to the corporation General Fund or its Fund of origin of the municipality whenever the purposes of the Fund have substantially changed or the Fund is no longer needed.
(Ord. 2022-03, passed 5-18-2022)