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<br />ORD LNANCE ND . ~ $8 ~4 ~ , <br />AN ORD2NANCE CONCERNING PAY,N~ENT OF CITY BILLS; <br />AN~ENDING 5ECTLON 2.525 OF THE EUGENE CODE, 1971; <br />AND DECLARING AN EN~E.RGENCY . <br />The City Council of the City of Eugene finds that: <br />Except in the instances specified therein, Section 2.525 of <br />the Eugene Code, 19?1, provides that no checks exceeding $3,000 per <br />check and an aggregate sum of $10,000 shall be issued in payment of <br />City bills in the interval between Council meetings. <br />From time to time the City Council cancels meetings, thereby <br />delaying the payment of City bills. <br />Delay in payment of City bills often results in the City lasing <br />discounts given by vendors and damages the City's financial reputa- <br />tion. <br />The routine payment of bills facilitates the work of the account- <br />ing staff and results in efficiencies and tax savings. NDW, there- <br />fore, <br />THE CITY OF EUGENE DOES ORDAIN AS FOLLOWS: <br />Section 1. Subsection ~_1~ of Section 2.525 of the Eugene Code, <br />19?1, is hereby amended by adding a new subparagraph thereto, to <br />read and provide: <br />2.525 Finance Officer - Authorization to Issue Checks. <br />~.1~ ~ The f ir~ance officer may issue checks to pay city <br />bills in amounts not to exceed $3,000 per check and in an aggre- <br />gate sum not to exceed $10,000 in the interval between council <br />meetings. The finance afficer may ,issue checks in excess of <br />$3,000 and of the $10,000 lim~a,tation if they are issued to: <br />~.h~. Pay city bills in a week when the council <br />does not have a meeting in which to approve the pay- <br />ment of bills . The finance officer shall report at <br />Ordinance - 1 <br />