Bell Municipal Code Ch. 3.04 Fiscal Provisions Generally

The fiscal year of the city shall begin on the first day of July of each calendar year and shall end on the thirtieth day of June of the following year.

(Prior code § 2500)

A. General Fund. There is established the general fund which shall receive all revenues not specifically allocated for a special purpose, and from which all expenditures necessary for the operation of the city shall be made, except those expenditures charged to special funds.

B. Gas Tax Street Improvement Fund. There is established a special fund to be known as the gas tax street improvement fund. All moneys received by the city from the state under the provision of the Streets and Highways Code, for the acquisition of real property or interests therein; for the construction, maintenance or improvement of streets or highways other than state highways, shall be paid into such fund. All moneys in such fund shall be expended exclusively for the purposes authorized by, and subject to all of the provisions of the Streets and Highways Code.

C. Motor Vehicle Fine and Forfeiture Fund. There is established the motor vehicle fine and forfeiture fund. All moneys in such fund shall be expended as required by law.

D. Capital Outlay Fund. A capital outlay fund for the city is created. Such fund shall be utilized for the purposes set forth in Section 53730 et seq., of the Government Code.

E. Other Funds. The city council, upon recommendation of the chief administrative officer, shall, by resolution, establish such other special funds as may be required.

(Prior code § 2503)

Claims, demands and warrants shall be processed in the time, form and manner as approved by the city council.

(Prior code § 2504)

Upon recommendation of the chief administrative officer, the city council shall obtain the services of a qualified person or firm to conduct periodic audits of all of the city's financial books and records, if it finds the public interest so requires.

(Prior code § 2505)

From and after the effective date of the ordinance codified in this chapter, the duties of assessing property and of collecting taxes, provided by law to be performed by the assessor and the tax collector of the city, shall be performed by the county assessor and the county tax collector of the County of Los Angeles, State of California, in accordance with all provisions of applicable law.

(Prior code § 4600)