§ 32. To Credit Moneys to Various Funds.

Latest version.

The City Administrator shall, upon the receipt of any moneys, forthwith credit the same to the separate funds to which the same respectively belong or for which they are levied, and shall deposit the same daily, in the name of the City, to the order of the City Administrator, in the various depositories which shall have been designated by the City Council, but shall not deposit with any such depository an amount in excess of the market value of the collateral furnished by such depository and approved by the City Council.

And all interest that may accrue upon any such moneys shall be credited to the general fund.

(Ord. No. 28, 3rd series, eff. 2-17-01)

                    
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