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All checks issued on a city bank account shall be issued under two signatures, namely: the Mayor, the President of the City Council or the Vice President of the City Council, and the Finance Officer or the Deputy Finance Officer, provided, however, that certain special accounts such as prisoner funds accounts have different signature requirements established by resolution.
(Ord. 1075, passed 5-6-2024)
The Finance Officer may impose and collect a fee for any payment made to the city and returned due to insufficient funds as provided for in SDCL § 57A-3-421. The amount of the fee shall be the maximum amount allowed under SDCL § 57A-3-421 unless the City Council shall set a lower amount by resolution. This insufficient funds fee shall apply to all methods and classes of payments made to the city, whether checks, money orders, ACH payments or otherwise, which are returned for insufficient funds or account closed. The collection made by the Finance Officer shall include any applicable sales tax on such fees.
(Ord. 1072, passed 4-1-2024)
RETIREMENT SYSTEM
(A) Effective since June 1, 1974, the city is a participating municipality in the state retirement system, as provided by law, for the purpose of including full-time police officers and full-time general employees in its employee retirement system.
(B) As a participating municipality, the retirement system benefits for city employees are in accordance with the state retirement system, as of the effective date of this section, and will be changed or updated as required.
(Prior Code, § 2.05.01) (Ord. 440, passed - -; Ord. 731, passed - -)
(A) The City Finance Officer is hereby directed to deduct 8% of the salaries paid to full-time police officers and jailers, and to deduct 6% of the salaries paid to full-time general employees, and forward the same to the retirement system.
(B) The deductions are to be made from each and every participating member’s salary on each and every payroll and for each and every payroll period subsequent to the city’s participation in the retirement system.
(Prior Code, § 2.05.03) (Ord. 440, passed - -; Ord. 731, passed - -; Ord. 860, passed - -)
(A) The City Finance Officer is hereby authorized to pay from city funds:
(1) Eight percent matching funds for full-time police officers and jailers; and
(2) Six percent matching funds for full-time general employees.
(B) These matching funds are to be forwarded to the retirement system, together with the payment of the employees’ contributions as provided in § 30.17.
(Prior Code, § 2.05.04) (Ord. 440, passed - -; Ord. 731, passed - -; Ord. 860, passed - -)