HomeMy WebLinkAboutRES 2614 Superseded by RES 3721
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CITY OF RENTON, WASHINGTON
RESOLUTION NO. 2614
A RESOLUTION AUTHORIZING THE FINANCE DIRECTOR TO
MAKE EARLY PAYMENT OF CLAIMS AND AUTHORIZING PETTY CASH FUNDS
WHEREAS it is an advisable and prudent business practice to
have the City of Renton pay certain standard claims and charges prior
to legislative approval, and
WHEREAS such a practice is authorized by RCW 42 .24 .180, and
WHEREAS it would be advisable to formally authorize early
payment of certain claims, and
WHEREAS the Finance Department has previously maintained petty
cash funds to facilitate making charge and providing for miscellaneous
expenditures; and
WHEREAS the continuation of such practice is beneficial to
provide for necessary day to day f.lexibilityin financial matters,
NOW THEREFORE
THE CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, DO RESOLVE
AS FOLLOWS:
SECTION I: The above recitals are found to be true and correct.
SECTION II: The Finance Director of the City of Renton may
issue warrants or checks in payment of claims, before the City Council
has acted to approve those claims, but subject to the following
conditions:
A. The Finance Director shall be required to furnish an
official bond for the faithful discharge of his or her duties in the
T RESOLUTION NO. 2614
amount of not less than $50,000 .00, which bonding requirement may be
satisfied as part of other bonds posted by the Finance Director
which shall total at least $50,000 .00 .
B. The City Council shall have provided for its review
at its next regularly scheduled public meeting the documentation
supporting claims paid and all checks and warrants issued in payment
of claims.
C. If, upon review, the City Council disapproves any claim,
the Finance Director shall cause the disapproved claims to be
recognized as receivables of the City of Renton and to pursue
collection diligently until the amounts disapproved are collected or ,
until the City Council is satisfied and approves the claim.
D. The City has previously adopted contracting, hiring,
purchasing and disbursing policies that implement effective control
and shall continue to maintain those policies as a condition of this
resolution.
. SECTION III: The Finance Director is authorized to establish
and maintain necessary petty cash funds as he deems appropriate,
such individual petty cash funds not to exceed the sum of $500 .00 .
PASSED BY THE CITY COUNCIL this 19th day of August 1985 .
Maxine E. Motor, City Clerk
APPROVED BY THE MAYOR this 19th day of August , 1985 .
Approved as to form• Barbara Y. Shinpoch, Mayor
Lawrence J. W ren, City Attorney