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Glendale Municipal Code: Title 4 | Chapter 68
Table of Contents
City Charter
Title 1
Title 2
Title 3
Title 4
Title 5
Title 6
Title 7
Title 8
Title 9
Title 10
Title 11
Title 12
Title 13
Title 14
Title 15
Title 16
Titles 17 - 29
Title 30
Statutory References |
Chapter 4.68 MISCELLANEOUS FINANCIAL PROVISIONS*
Sections:
4.68.010 Transfer between detail accounts.
4.68.020 Authority to establish funds.
4.68.030 Sale of city's obsolete personal property.
* For charter provisions as to authority of city to borrow money, issue bonds, etc., see Charter, Art. III, § 2, subsection 4. For provision requiring employment of expert accountant annually to investigate transactions and accounts of city, see Charter, Art. VI, § 16. See in particular, Charter, Art. XI, §§ 1 to 22.2 for full treatment of charter provisions relative to fiscal administration. As to fiscal year, proposed budgets and estimates of revenue and expenditures generally, see Charter, Art XI, § 6 et seq. As to approval, etc., by officer of unauthorized demand on treasury, see Charter, Art. XXIII, § 13. As to payment into treasury of moneys received from taxes, licenses, etc., see Charter, Art. XXIII, § 14. For duty of officers to report fees, etc., monthly, see Charter, Art. XXIII, § 22. As to revenue bonds for waterworks and electric works, see Charter, Art. XXVI, §§ 1 to 5
- 4.68.010 Transfer between detail accounts.
The city manager or his designee shall have authority to move appropriations without limit between detail accounts comprising the budget detail of any single budget appropriation. The city manager or his designee shall also have the authority to cumulatively move up to twenty-five thousand dollars from savings, from account to account or between personnel, maintenance and operation and capital outlay.
The establishment of full-time salaried positions, the appropriation of reserves, fund balances, new revenues and movements in excess of twenty-five thousand dollars between budgetary accounts will require a city council resolution. (Ord. 5089 § 1, 1995: prior code § 5-1)
- 4.68.020 Authority to establish funds.
A. The director of finance and administrative services is authorized to establish funds other than those specifically authorized in this code or the charter.
B. These funds may be established pursuant to federal and state law or administrative regulation wherein the segregation of receipts and expenditures is required separate and apart from the general budget fund. These shall include the establishment of special revenue, capital project, debt service, enterprise, internal service and trust and agency funds as defined within "generally accepted accounting principles."
C. Receipts, including interest on bank deposits and investments, may be apportioned to these funds within the meaning of Charter, Article XI, Section 14, since they "are collected for a specific purpose." (Prior code § 5-1.1)
- 4.68.030 Sale of city's obsolete personal property.
The city manager is authorized to sell or exchange from time to time any and all equipment, materials, fixtures and other personal property having salvage value which is obsolete or no longer useful or surplusage to the city, or for the place of which similar property is to be purchased. The city manager may sell the same for the best price obtainable in the open market or, when deemed advisable, to the highest bidder at a public sale; or the city manager may exchange the same for other property or for credit on other property. (Prior code § 5-75)
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