Accounts shall be kept by the Director of Finance showing the financial transactions of all departments and offices of the City. The form of all such accounts and the financial reports shall be prescribed by the Director of Finance. The accounts and the accounting procedure of the City shall be adequate to record all cash receipts and disbursements, all revenues accrued and liabilities incurred, and all transactions affecting the acquisition, custody and disposition of values and for making such reports of the financial transactions and conditions of the City as may be required by law or ordinance.
(Ord. 1951-64. Passed 12-22-51.)