Marysville Municipal Code Art. V Accounting and Finance

Section 1. Fiscal year.

The fiscal year of the city shall begin on the first day of July of each year.

Section 2. Fiscal and accounting procedures generally.

The council shall by ordinance provide for the fiscal and accounting procedures of the city, especially making provisions for (1) budgetary procedures (2) the accounting system (3) accounting procedures (4) financial reports to be rendered (5) a yearly post audit by a certified public accountant. All ordinances adopted by the council shall be in accordance with the principles and practices of municipal accounting as recommended by state and national authorities on municipal accounting.

Section 3. Withdrawals from city treasury generally.

Money shall be drawn from the city treasury only in the manner prescribed by ordinance of the council.

Section 4. Competitive bidding.

Before making purchases of, or contracts for, supplies, materials or equipment, ample opportunity shall be given for competitive bidding, under such rules and regulations and with such exception as the council may prescribe in the ordinance setting up such rules and regulations. When making purchases for the city, local merchants shall be given preference, quality and prices being equal.