Chapter 3.16


3.16.010    Created – Treasurer’s trust fund.

3.16.010 Created – Treasurer’s trust fund.

A. Source of Money. There exists a treasurer’s trust fund into which shall be placed all monies held by the city in trust.

B. Use of Funds. The treasurer’s trust fund shall be used to hold monies held in trust until the requirements for disbursement, refund or remittance have been met. If it is determined due to agreement by the owner, correction of an accounting error or other circumstances unique to the monies held that the city can take ownership of any amounts held within the fund, the city is authorized to do so and transfer those monies to the appropriate city fund. [Ord. 26-15 § 1, 2015].