HomeMy WebLinkAboutCC RES 74-103RESOLUTION N0. 74-103
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PAL��
DESERT, CALIFORNIA, AUTHORIZING THE ESTABLISH��ENT OF
A PAYROLL REVOLVING ACCOUNT.
�VHEREAS, it is necessary to issue salary payments to
employees during the interim pe.riod between Council meetings, and
�`'HEREAS, such payments are made in accordance with the
Annual Budget approved b5� the City Council, and
�1'HEREAS, it is most practical to make such payments
from a separate bank account, maintained at a fixed amount and
used for pacroll purposes only,
THEREFORE, the City Council herebv authorizes the
Director of Finance to establish a Payroll Revolving �ccount
in the amount of $10,000, and to open a bank account in that
amount at the Palm Desert Branch of the Bank of America.
The Payroll Revolving 9ccount is to be accounted for as
an imprest cash account. Requests to reimburse the account shall
be submitted to the City Council with a Payroll Demand List of
all paid items.
PASSED, APPROVED and ADOPTED this 14th day of
November , 1974, by the following vote:
AYES: Aston; Benson; Brush; McPherson; Clark
\TOES : None
ABSEVT: None
ATTEST:
�'''.� � • ..t
HARVEY L. HU URT, City Clerk
City of Palm Desert, California
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