Corning Municipal Code Ch. 3.04 Fund Accounts

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For statutory provisions on city financial powers, see Gov. Code §37201 et seq.; for provisions on city power to purchase and control of property, see Gov. Code §37350; for provisions on funds generally, see Gov. Code §43400 et seq.

The city council shall have the power by resolution to provide for the establishment of such fund accounts as in its opinion shall be necessary, convenient, or proper for the orderly conduct and accounting of the fiscal affairs of the city.

(Ord. 86 §1, 1949).

The city council shall have the power by resolution to provide for the apportionment to the several fund accounts established by the council of all moneys received by the city or any of its officers or agents from the general property tax, franchises, license fees, rentals and other sources, the moneys from which are not required by law to be used or kept for prescribed purposes.

(Ord. 86 §2, 1949).

The city council shall have the power by resolution to provide rules for the payment of certain expenditures or classes of expenditures from any one or more of the several fund accounts.

(Ord. 86 §3, 1949).

The city council may by resolution provide that certain officials of the city to be designated by the council shall, from time to time and, at least yearly, make a full and complete inventory of the physical property of the city and an accounting of all property and supplies purchased or acquired by such officials, and the department of the city for the property of which such official may be made responsible by the council. The council may by resolution direct the form and content of such inventory and the method of accounting to be adopted and used in making the same.

(Ord. 86 §4, 1949).

The city clerk shall designate the fund account from which payment shall be made for any requisitioned supplies, equipment or other physical property, or for which other expenditure is to be made, and no requisition shall be made or drawn when there is not sufficient money in the fund so designated after the payment of all previous requisitions and approved claims, to pay for the requisitioned supplies, equipment or other physical property in full; provided, however, that the city council may by resolution authorize registration of warrants for a period not to exceed six months at any one time.

(Ord. 86 §8, 1949).

The city council may, by resolution or motion entered upon its minutes, require any city officer or employee to make any reports and render any accounts required by the city council in such resolution or motion, and may likewise require any city officer or employee to make an itemized estimate of receipts from sources other than from taxation, franchises, license fees and taxes which may accrue to the city through the operation of the department under the control of such officer or employee, and also an itemized estimate of expenditures. Such estimates of receipts and expenditures shall be for such period as the council may direct. For the purposes of this chapter, the trustees and employees of the Carnegie Library, insofar as funds derived from the city are concerned, shall be deemed to be officers and employees of the city, but for no other purpose except as otherwise provided by law.

(Ord. 86 §9, 1949).

A. All sums received or collected from the deliveries of water from the water distribution system of the city shall be deposited with the city treasurer in a fund to be named water works operating fund. All expenses incurred by the city in the management and handling of its water distribution system, improvements, additions and repairs thereto, principal and interest on the city water works bonds as the same shall mature, shall be paid out of the fund or out of any subordinate fund of the water works operating fund established by the city council.

B. Whenever it appears that there is a greater sum in fund than will be required to meet the cost of maintaining the water distribution works and system, making reasonably necessary additions, repairs and improvements thereof and thereto, payment of interest and principal of all bonds for the ensuing year, and maintaining a reserve for contingencies, then and in that event, but not until then, the city council in its discretion may transfer any estimated surplus to the general fund of the city; provided further, that there shall hereafter be kept in the water works operating fund, and the subordinate funds created by the council, if any, in addition to the items mentioned above, at least ten thousand dollars for the purpose of providing against extraordinary contingencies such as major breaks, injury, accident, or damage to the system or some part thereof. No resolution of the city council in anywise shall limit the application of this section.

(Ord. 86 §10, 1949).

Any officer or employee of the city who fails or refuses to make the inventory required by this chapter or by resolution of the city council, or who purchases any supplies, equipment or other physical property, or incurs an obligation on behalf of the city without proper requisition or without proper order of the city council entered upon its minutes, or who fails or refuses to make any report, or who fails or refuses to make any account required by the city council by resolution or motion entered upon its minutes or who fails or refuses to make any estimate entered by this chapter or by resolution or order upon the minutes of the city council, or who otherwise violates or disregards this chapter or any resolution or motion passed by the authority hereof shall be subject to immediate discharge or removal from office, and no warrant for salary or other claim by such employee or officer shall be ordered allowed or paid until such officer or employee has complied with such requirement.

(Ord. 86 §11, 1949).