Agenda - Council - 02/22/1994 - Laserfiche WebLink

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7.7. Enforcellent of the Budget. 7.7.1. Tl~c City Council shall enforce thc provisions of thc budget. It shall approve and authorizelpayments of bills, at each regularly scheduled Council meeting, that have been presented~for payment, supported by an itemized bill, payroll timesheet, or other document approvedland signed by the responsible City officer who vouches for its correctness and reasonablbness. Bills that are of an ongoing operating nature, have been appropriated in the budgc~, and been approved by the responsible City officer, may be paid prior to regular Council rheetings to avoid late penalties or take advantage of available discounts. Other paymentslmay occur in the event it is unreasonable or untimely to obtain Council approval for funding an emergency or unforeseen expenditure which is necessary for the routine operarioniof the City as directed by Council in a purchasing policy which shall be adopted by ordina~ ce. 7.7.2. Asy obligation incurred by any person in the employ of the City for any purpose not authorized in the budget resolution, or for any amount in excess of the amount authorize~, shall be a personal obligation upon the person incumng the obligation and such person will be subject to appropriate disciplinary or criminal action. No check shall be issued or transfer made to any account other than one owned by the City until the claim to which it -elates has been supported by an itemized bill, payroll, timesheet or other documen: approved and signed by the responsible City officer who vouches for its correcme.~s and reasonableness. 7.8. Alterations to the Budget. After the budget resolution has been adopted, the Council shall not increase [he amounts fixed in the resolution beyond the estimated funds available except to the extent that actual receipts exceed the esr/mated funds available. At anytime the Council may, by resolution appro{ed by a 4/5 vote of its members, reduce the sums appropriated for any purpose by the budget r~.solution, or authorize the transfer of sums from unencumbered balances of appropriations in,the budget resolution to other purposes. 7.9. Funds. There shall be maintained in the City treaSury a general fund and such other funds as may b{ required by state statutes, resolution or ordinance. The Council shall, by resolution or ordnance, create and abolish funds and shall define which funds are eligible for intcrfund loans ~ it may deem necessary and appropriate. 7.10. City Indebtedness. 7.10.1. ]~xcept as provided in sections 7.11. and 7.12., no obhgation shall be issued to pay currer~t expenses, but the council may issue and sell obligations for any other municipal purpose ~ accordance with state statutes and within the hmitations prescribed by law. Except in!the case of obligations for which an election is not required by this charter or state statutes, do such obhgation shall be issued and sold without the approval of the majority of the voter~ voting on the question at a general or spec/al election. 7.10.2. ~ description of each such proposed issue shall be published in the City newslette_f, but failure to publish such description, or any defect in the description, shall not invalida~ the issue. However, corrections shall be pubhshed at the earliest practical rime.