[R.O. 2011 §115.010; Ord. No. 073-88 §2-28, 2-22-1988]
If any officer of the City shall knowingly violate any provision of this Article, he/she shall be personally liable to the City and liable under his/her bond, if any.
[R.O. 2011 §115.020; Ord. No. 073-88 §2-29, 2-22-1988]
The fiscal year of the City shall commence on July first (1st) of each year and continue through June thirtieth (30th) of the following year.
[R.O. 2011 §115.030; Ord. No. 073-88 §2-30, 2-22-1988]
A. 
Until otherwise provided by resolution of the Board of Alderpersons, the Board of Alderpersons may choose an official depository by competitive bid. Said depository shall be required to notify the City Clerk from time to time, and not less frequently than semi-annually, as to the name of the disinterested banking institution or safe depository in which the securities are deposited; and shall from time to time, and not less frequently than semi-annually, notify the City Clerk of the amount for such deposits with respect to each bank account of the City. The City Clerk shall bring these accounts to the attention of the Board of Alderpersons at its next regular meeting after receipt thereof from the depository.
B. 
The City Finance Officer/Treasurer shall maintain such separate checking accounts as necessary to provide sufficient accounting controls on City funds. Checks for disbursement of funds must be signed by two (2) persons. Those authorized are any two (2) of the following — City Administrator, Collector, Mayor, Court Clerk and Acting President of the Board of Alderpersons.
C. 
Any funds received by the City in trust or on temporary deposit for special and limited use or purpose, or under escrow shall be deposited in the General Revenue Fund, with release of said funds to be controlled by the City Administrator.