City of Weatherford, OK Article 23 Funding, Accounting

§ 1-116 FUNDING AND ACCOUNTING.

The revenues and other resources of the city shall be divided into funds as provided by Oklahoma Statutes, 1991, Title 11, Section 17, and other applicable provision of law; and accounted for as provided thereby.

§ 1-117 SINKING FUND; HANDLING, DEPOSIT, INVESTMENT, ETC.

1. It shall be the duty of the officers of the city to handle, deposit, invest and use the money in the sinking fund of the city in the manner provided by the Oklahoma Statutes, 1981, Title 62, Sections 431-451, and any other applicable provisions of law.

2. The City Treasurer shall deposit daily all uninvested sinking fund money in banks as provided by law.

§ 1-118 INVESTMENT OF METER DEPOSITS.

Money deposited with the city as water meter deposits may be invested as provided by Oklahoma Statutes, 1991, Title 11, Section 17-101(c).

§ 1-119 DEPOSIT OF FUNDS; SECURITY. [1]

The funds of the city shall be deposited as required by law and in accordance with the City of Weatherford's "Written Investment Policy".

[1] Editor's Note: See Appendix 5 of this Code.