(A) The Finance Director shall appropriate and expend city moneys pursuant to G.S. § 159-28(b).
(B) To create the maximum amount of funds available for investments, the Finance Director shall pay the obligations of the city on the first and twentieth day of the month. The Finance Director shall pay the obligations of the city by the due date. The Finance Director shall determine whether or not the discount for cash payment is more beneficial than payment on the billing's due date. The Finance Director shall periodically review the disbursement cycle, and changes shall be instituted if the disbursement cycle can be extended.
(C) The Finance Director shall require that all departments consolidate payments to one vendor. The Finance Director shall ensure that all departments using the same vendor(s) receive the same due date and discount date.
(`90 Code, Appendix A, § 37)