§ 2-239. Authority to establish petty cash and change funds.

(a)

The director of finance, with the written concurrence of the city manager and municipal auditor, shall be authorized to establish such petty cash and change funds as are necessary for the efficient operation of the various departments and offices of the city. The director of finance, with the written concurrence of the city manager and municipal auditor, shall establish the maximum dollar amount to be present in such petty cash and change funds, but under no circumstances shall any petty cash fund contain funds in excess of ten thousand dollars ($10,000.00), and no change fund shall contain funds in excess of five thousand dollars ($5,000.00).

(b)

The director of finance, with the written concurrence of the municipal auditor, shall promulgate rules and regulations for the establishment, operation, accountability and security of the various petty cash and change funds of the city.

(c)

The following definitions shall apply to this section:

(1)

"Change fund" shall mean currency and coin of a fixed amount maintained for the purpose of making change in collecting amounts due.

(2)

"Petty cash fund" shall mean a fund maintained in cash or in a checking account for the purpose of making minor purchases or for making refunds to customers.

(Ord. No. 24579, § 1, 4-2-79; Ord. No. 28345, § 1, 9-8-86; Ord. No. 40363, § 2, 10-8-15)

(Ord. No. 24579, § 1, 4-2-79; Ord. No. 28345, § 1, 9-8-86; Ord. No. 40363, § 2, 10-8-15)