[Ord. 1171, §2]
There is created a fund to be known as the "City of Rolla Administrative
Fund."
[Ord. 1171, §2]
The money paid into the City of Rolla Administrative Fund shall
be under the sole control and jurisdiction of the mayor.
[Ord. 1171, §3]
When authorized by the city council, and upon proper warrant,
it shall be the duty of the city treasurer to withdraw from unbudgeted
funds of the city such sum authorized, and deposit the same to the
account of the "City of Rolla Administrative Fund" in such depository
as the mayor may direct.
[Ord. 1171, §4]
It shall be the duty of the mayor to use the money in the City
of Rolla Administrative Fund for such purpose as, in his discretion,
will best serve the city and the inhabitants thereof in the performance
of his administrative duties. The mayor is authorized to use such
funds for the reimbursement of any out-of-pocket expense incurred
by him or any other official or regular employee of the city in the
performance of his duties, but neither the mayor nor any such other
official or employees shall receive any pay for their services from
this fund; however, the mayor may employ, at his discretion, other
persons to perform services which he may deem necessary in the furtherance
of any function of any municipal board or commission which will further
the interest of the city.
[Ord. 1171, §4; Ord. 3399, §1]
The Director of Finance or his/her staff will prepare monthly
financial reports detailing expenditures, revenues and bank balances
which will be available within one (1) month following the close of
the fiscal month. These prepared statements will be available to the
public, City Council and City Administration upon completion and request.
A summary of revenues and expenditures will be presented at each City
Council meeting.
[Ord. 1171, §5]
The mayor shall provide a corporate fiduciary bond conditioned
upon his faithful administration of the money paid into the City of
Rolla Administrative Fund, which bond shall be in the sum of three
thousand dollars ($3,000.00). The premium for this bond shall be paid
out of the administrative fund.