Chapter 3.16 — GAS REVOLVING FUND

Charter reference— Charter provisions on revenue and taxation generally, and on the gas revolving fund, see the City Charter.

Pursuant to the City Charter there is created and established a revolving fund to be known as the gas revolving fund, the moneys of which shall not be subject to transfer at the close of a fiscal year. The money in such fund shall be transferred thereto by the City Treasurer from the gas revenue fund in accordance with the provisions of this Chapter. There shall not be in excess of five thousand dollars ($5,000.00) in the gas revolving fund so transferred. The specific amount of money in the gas revolving fund equal to, or less than, said sum shall be reasonably determined by the City Treasurer from time to time in accordance with the estimated demands upon such fund pursuant to the requirements of Section 3.16.020. The City Treasurer shall transfer to the gas revolving fund from the gas revenue fund money in accordance with such determination. The gas revolving fund shall be administered by an employee in the Commercial Services Division of the Financial Management Department holding the position of cashier and designated by the Supervisor of said Division.

(Ord. C-5852 § 1, 1982: prior code § 2611)

A.

The moneys in the gas revolving fund shall be used solely for the following purposes:

For making change in connection with collections of the Gas Department;

For making refunds of money received in overpayment of gas bills or assessments levied for services rendered by the Gas Department;

For refunding meter deposits made by customers of the Gas Department to guarantee payment of gas bills or other refunds proper to be made from the gas sundry deposits fund and gas meter deposit fund;

For reimbursement of cash collected by employees of the Commercial Services Division of the Financial Management Department which, at a later date, has been determined to be counterfeit by the U.S.

Treasury;

For fees and expenses incurred in court actions initiated by the Commercial Services Division of the Financial Management Department.

B.

Reimbursement to the gas revolving fund shall be made monthly by requisition and demand on the gas revenue fund for all expenditures made from the gas revolving fund during the preceding calendar month for purposes authorized by the Subsections A.2, 4, 5 and 6 of this Section, and reimbursement to the gas revolving fund shall be made monthly by requisition and demand, or by check or otherwise, on the gas sundry deposits fund or gas meter deposit fund for all expenditures from the gas revolving fund during the preceding calendar month authorized by Subdivision A.3 of this Section. All expenditures and uses of money in the gas revolving fund shall be fully accounted for daily by receipts, sales tickets or other supporting evidence thereof. The Director of the Financial Management Department is the authorized person to request reimbursement to this fund.

(Ord. C-5852 § 2, 1982: prior code § 2611.1)