Article VII — EXPENDITURES, INDEBTEDNESS, AND REVOLVING CASH FUND

SECTION:

2-35: Expenditures

2-36: Indebtedness

2-37: Revolving Cash Fund

2-38: Emergency Expenditures/Appropriations

2-35: EXPENDITURES:

Any expenditure or purchase of less than five thousand dollars ($5,000.00) shall not require specific council authorization. Any expenditure or purchase of five thousand dollars ($5,000.00) or more shall first require specific council authorization as provided by section 48 of the charter of this code. (Ord. 1642 § 1, 11-18-2003; Ord. 1744, 7-15-2008)

2-36: INDEBTEDNESS:

Any indebtedness to be incurred by the city of less than five thousand dollars ($5,000.00) shall not require specific council authorization. Any indebtedness to be incurred by the city of five thousand dollars ($5,000.00) or more shall first require specific council authorization as provided by section 48 of the charter of this code. (Ord. 1642 § 1, 11-18-2003; Ord. 1744, 7-15-2008)

2-37: REVOLVING CASH FUND:

A revolving cash fund in the amount of not more than one thousand dollars ($1,000.00) is hereby established pursuant to section 48 of the charter of this code. (Ord. 1642 § 1, 11-18-2003; Ord. 1744, 7-15-2008)

2-38: EMERGENCY EXPENDITURES/APPROPRIATIONS:

An appropriation and/or expenditure of up to one hundred thousand dollars ($100,000.00) is authorized without additional prior council approval, if: a) the city manager has requested that such an appropriation/expenditure be made; b) the mayor has determined that the circumstances for the request constitute an extraordinary emergency, meaning that there is an immediate need to make such appropriation/expenditure for the preservation of the public peace, health or safety; and c) the city manager notifies the council of the specific appropriation/expenditure in writing. (Ord. 1704 § 1, 10-3-2006)