1493RESOLUTION NO.1493
A RESOLUTION ESTABLISHING A TREASURERS CLEARING ACCOUNT.
RECITALS:
1.The City needs a treasurers clearing account to record the treasurers checks which have been
issued until they are actually paid by the bank. This will aid the Assistant Finance Director
Cash/Management in investingany available funds whileinthe hands of the city.
Itwill also provide a means of automatically reconcilingthe city's bank account. The city's bank
account is accessed dailyvia a modem and all checks which have been paid by the bank during
the previousday are posted on the city's computer accounting system with the appropriatedate
of payment.
RESOLVED:
1. That an Account named Treasurers Clearing"and numbered 642 be established within the city's
accounting system.
Adopted by the City Council on August 22,1989.
ATTEST:
QJPJrjFinanceDirector