(a) Council hereby authorizes the establishment of a petty cash fund for the administration’s office.
(b) The total amount to be drawn at any one time of the City’s treasury shall be sixty- five dollars ($65.00).
(c) At no time shall there be more than a total of sixty-five dollars ($65.00) in the fund.
(d) When the sixty-five dollars ($65.00) is exhausted, in order to draw another sixty- five dollars ($65.00) on the City’s treasury proper documentation must be presented to the City Auditor how the previous money was spent.
(e) The first meeting in July and the last meeting in December of each year the Finance Committee shall present a written report to Council showing how the petty cash fund has been spent.
(Ord. 12-98. Passed 5-14-98.)
(Ord. 12-98. Passed 5-14-98.)