137.14 PAYROLL LIABILITY RESERVE.
   By the first Council meeting in July of each year, the Department of Administration shall introduce a resolution to transfer one-twelfth of the budgeted bi-weekly payroll for each year that there are only twenty-six pays. These funds shall be transferred by resolution to the special projects account and restricted for use only in the year of a twenty-seventh pay period to meet the extra payroll unless otherwise approved by Council.
(Ord. l-1991 §1. Passed 1-15-91.)