Chapter 3.50
TREASURER’S SUSPENSE FUND
Sections:
3.50.010 Established.
There is created a fund to be known as the treasurer’s suspense fund. (Ord. 736, 1997)
3.50.020 Purpose.
The treasurer’s suspense fund shall be used solely for the purpose of receipting agency and trust funds; those funds held in a trustee capacity or as an agent for individuals, other governmental units, other funds, etc.; and disbursement of those funds to the proper beneficiary. (Ord. 736, 1997)
3.50.030 Deposit of funds.
Henceforth, all moneys held in trust for the benefit of another will be placed in this fund. (Ord. 736, 1997)
3.50.040 Disbursements.
All disbursements made from this fund shall be by treasurer’s checks. (Ord. 736, 1997)