(A) The Finance Executive shall require all officers charged in any manner with the receipt, collection, or disbursement of City funds to submit to him monthly reports in writing, showing in detail all such receipts, collection and disbursements.
(B) If any such officer shall neglect to make such report or to adjust his accounts whenever required by the Finance Executive or to pay over to the proper officer any money in his possession belonging to the City, it shall be the duty of the Finance Executive to cause a written notice to be served upon such officer and his sureties demanding a settlement of his accounts with the City forthwith.
(C) In case of neglect or refusal of such officer to make such settlement and pay over said monies for a period of ten days after the serving of such notice, the Finance Executive shall report such officer to the City Manager for his action in the matter, and proceedings shall be instituted against such delinquent officer and his sureties for the recovery of any money due said City.
(Prior Code, Art. 1, § 1.5(q))