Earlier editions: 2026-09
Division 2 — FINANCE AND TAXATION›Part II — FUNDS AND ACCOUNTS
Torrance Municipal Code Ch. 17 Payroll Revolving Fund
Torrance Municipal Code · 2026-10 edition · updated 2026-10-05 · Torrance
Cite as: Torrance Municipal Code Chapter 17 · Text as of 2026-10-05
Article 1 — FUND CREATED¶
217.1.1 CREATION OF FUND; AMOUNT.
Notwithstanding any of the other provisions of Chapter 1 of this Division, there is hereby created in the records and accounts of the City, a fund to be known as the "Payroll Revolving Fund". This fund is created to control the payments of employee paychecks and authorized or legally required payroll withholdings.
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