(A) The Finance Director shall devise and implement a central depository system for the city. This system shall include the creation of three bank accounts: a disbursement account, a payroll account, and a money market account. The money market shall be in the form of an interest-bearing checking account. These three accounts will be at the Central Carolina Bank & Trust Company, the official depository approved by the City Council.
(B) Deposits are to be made every work day.
(C) For high-volume periods during the year, the Finance Director will make personnel reassignments, if necessary, to assure that prompt deposits are made.
(D) For checks received and deposited which are returned to the Finance Director due to insufficient funds, prompt action will be undertaken to collect good funds.
(E) Any adjustments or corrections for either overpayment or underpayment will be made after the moneys have been deposited. For routine deposits, it is very seldom necessary or appropriate to return a check because it was made out in the wrong amount. Do not delay in depositing moneys for errors of this type on regular receipts.
(`90 Code, Appendix A, § 23)