1968 Recommendations to Change Fiscal Year

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$ ton 8 ZContractslo= city v4AeE ' Any city improvements costing more than two thousand dollars ($2,000.00) shall be executed by contract except where such improvement is authorized by • the commission -Jo be - executed directly by a city department in conformity with detailed plans, specifications and estimates. All such con- tracts for more than two thousand dollars ($2,000.00.) shall be awarded to the lowest responsible bidder after such public notice and competition as may be prescribed, provided the commission shall have the power to reject.all bids and adverr, tise again. Except in case of emergency alterations in 'any contract not to exceed fifty per cent (50%) of the total con- tract may be made when authorized by the -commission upon -written recommendations of the mayor; provided that such alteration is acceptable to the other party of the contra& Section 69. Accounting control of purchases. All. purchases made and contracts executed by the division of purchases shall be pursuant to a written requisition from the head of the office, department or agency whose appro- . priat-ion will be charged, and no contract or order shall be issued to any vendor unless and until the director of finance certifies that there is to the credit of such office, department or agency a sufficient unencumbered appropriation balance• to pay for the supplies, materials, equipment or contractual services for which the contract or order is to be issued. Section 70. Disbursement of funds. All checks, vouchers or warrants for the withdrawal of money from the city depository shall be signed by the city treasurer, or his deputy, and countersigned by the mayor. In the absence of the mayor, checks may be countersigned by the mayor pro tem. Section 71. Borrowing in anticipation of property taxes. In any budget year, in anticipation of the collection of the property tax for such year, whether levied or to be levied in such year, the commission may by resolution authorize the borrowing of money by the issuance of negotiable notes of the city, each of which shall be designated "tax anticipation note for the year 19__.__.", (stating the budget year) . Such notes shall mature and be payable not later than the end of the fiscal year in which the original notes shall have been issued. Section 72. Borrowing in anticipation of other revenues. - In any budget year, in anticipation of the collection or receipt of other revenues of that budget year, the commission may by resolution authorize the borrowing of money by the issuance of negotiable notes of the city, each of which shall be designated "special revenue note ' for the year (stating the budget year). Such notes may be renewed from time to time, but all such notes, together with the renewals, shall mature and be payable not later than the end of the fiscal year in which the original notes shall have been issued. Section 73. Sales of •notes, report of sale. All notes issued pursuant to this article may be sold at. not less than par and accrued interest at private sale by the director of finance without previous advertisement, but such sale shall be authorized by the commission — Article VIII. Tax Administration