(A) The Town Council does ordain and establish a Cash Change Fund in the amount of $160.
(B) The following procedures shall be followed in the establishment and utilization of the Cash Change Fund.
(1) The fund shall be established by a warrant drawn on a Cash Change Fund in favor of the Utility Clerk in the amount of $160 without the need for an appropriation.
(2) The employee who collects cash revenue shall convert the warrant to cash to make change when collecting cash revenues and shall account for all monies into the Cash Change Fund and all monies paid out of the Cash Change Fund.
(3) The Town Council does require the entire Cash Change Fund to be returned to the Water and Sewer Cash Operating Funds whenever there is a change in the employee utilizing the Cash Change Fund or if it is later determined that the funds are no longer needed.
(4) Monthly the employee in charge of the Cash Change Fund shall submit the employee’s accounting of all monies into and out of the Cash Change Fund in writing to the Clerk Treasurer of the town.
(C) This section becomes effective immediately upon its passage and shall remain in full force and effect until repealed by any subsequent ordinance adopted by the Town Council.
(Ord. 2003-0006, passed - -2003)