Chapter 3.108
PAYROLL CLEARING FUND
Sections:
3.108.010 Created.
There is created a fund, known and designated as payroll clearing fund, into which shall be paid and transferred from the various departments an amount of money equal to the various salaries and wages and other compensations due city employees. [Ord. 1051 § 1, 1988.]
3.108.020 Funds transfer.
Whenever it is deemed necessary, the city clerk is authorized, empowered and directed to transfer from the funds of the various departments to the payroll clearing fund sufficient moneys to pay the salaries, wages and other compensations of the employees of the various departments of the city. [Ord. 1051 § 2, 1988.]
3.108.030 Purpose.
The payroll clearing fund shall be used and payments therefrom shall be made only for the purpose of paying and compensating employees of the city for services rendered, and paying employee deductions to those persons, agencies and organizations entitled to such payments. [Ord. 1051 § 3, 1988.]
3.108.040 Warrant issuance.
The city clerk is authorized, empowered and directed to issue warrants on and against the fund for payments authorized by CMC 3.108.030. The warrants shall be issued only after there has been filed with the city clerk proper payrolls, due bills, or time certificates approved by the city council stating the nature of the services rendered, the amount due or owing and the person entitled thereto. All warrants issued on or against the fund shall be solely for the purposes herein set forth and shall be payable only out of and from the fund. Each warrant issued under the provisions of the section shall have printed on its face the words, “Payroll Clearing Fund.” [Ord. 1051 § 4, 1988.]