Chapter 3.08 — FUNDS — Paramount Municipal Code

§ 3.08.010. Payroll revolving fund.¶

A. Established. There is hereby established a payroll revolving fund in the amount of $3,500.00 to be established, maintained and replenished out of the general fund of the City, and there shall be deposited in the payroll revolving fund from the general fund the sum of $3,500.00.
B. Expenditures Generally. All money in the payroll revolving fund shall be expended exclusively for payroll purposes.
C. Expenditures to Be as Authorized. All expenditures out of the payroll revolving fund shall be in accordance with previous authorization of the City Council in respect to payment of salaries, wages and payrolls and in the amounts and at the times so authorized.
D. Audit and Replenishment. Payroll warrants and checks need not be audited by the City Council prior to payment but shall be presented by the City Manager to the City Council for ratification and approval at the first meeting after the delivery of the payroll warrants. Upon presentation to the City Council by the City Manager of an itemized statement of expenditures out of the payroll revolving fund, audited and approved by the City Manager, the City Council may authorize the reimbursement to the fund of the amount so audited and approved.

(Prior code §§ 18-16—18-19)

A. Established. To comply with the provisions of Article 5, Chapter 1, Division 1 of the Streets and Highways Code there is hereby created in the City Treasury a special fund to be known as the "special gas tax street improvement fund."
B. Receipts. All money received by the City from the State under the provisions of the Streets and Highways Code for the acquisition of real property or interests therein for, or the construction, maintenance or improvement of streets or highways other than State highways shall be paid into the special gas tax street improvement fund.
C. Expenditures. All money in the special gas tax street improvement fund shall be expended exclusively for the purposes authorized by, and subject to all of the provisions of Article 5, Chapter 1, Division 1 of the Streets and Highways Code.
(Prior code §§ 18-20—18-22)