The purpose of the trust and agency fund shall be to provide proper accountability for trust and agency deposits. There shall be deposited in the fund all deposits of a trust or agency character. The moneys in the fund shall be restricted in use to the purpose for which the same were received by the city; provided, however, that after the purpose has been fulfilled and the period within which any claim may be asserted for repayment or disbursement of the fund has expired, the same shall be transferred upon order of the city council to the general fund.
(Prior code § 2.12.120 (Ord. 506 § 5(g), 1961))