Chapter 2.55
Claims Fund
Sections:
2.55.020 Transfer from other funds.
2.55.040 Clerk-controller--Warrant issuance.
2.55.050 Transfers from insolvent fund.
2.55.010 Created.
There is created a fund known and designated as the "claims fund," into which shall be paid and transferred from the various departments and officers an amount of money equal to the various invoices due various vendors for materials, supplies or services. (Ord. 1243 §1, 1986).
2.55.020 Transfer from other funds.
Whenever it is deemed necessary, the city clerk-controller is authorized, empowered and directed to transfer from the funds of the various departments and offices, to the claims fund, sufficient moneys to pay the obligations of the various city departments and offices. (Ord. 1243 §2, 1986).
2.55.030 Authorized payments.
The claims fund shall be used and payment therefrom shall be made only for the purpose of paying approved invoices, materials and supplies to firms, or individuals or organizations, entitled to such payments.(Ord. 1243 §3, 1986).
2.55.040 Clerk-controller--Warrant issuance.
The city clerk-controller is authorized, empowered and directed to issue warrants on and against such fund for payments authorized by Section 2.55.030. The warrants shall be issued only after there have been filed with the city clerk-controller proper invoices, due bills, or vouchers approved by the city council stating the nature of the services rendered, the amount due or owing, and the persons entitled thereto. All warrants issued on or against such funds shall be solely and only for the purposes set forth in this chapter and shall be payable only out of and from such fund. Each warrant issued under the provisions of this chapter shall have printed upon its face the words "Claims Fund." (Ord. 1243 §4, 1986).
2.55.050 Transfers from insolvent fund.
Transfers from an insolvent fund to the claims fund shall be by warrant. (Ord. 1243 §5, 1986).