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Section 14: Change to Section 14.8 Section 14.8 of the City Charter, which reads <br /> as follows: <br /> Checks on Depositaries. <br /> No disbursement shall be made by the treasurer except by check on a city <br /> depositary, and every such check for an amount greater than $200.00 shall be <br /> countersigned by the mayor, provided, however, that the mayor may authorize the <br /> clerk to so countersign checks, such authorization to be in writing and in duplicate, <br /> one copy of which shall be delivered to the treasurer, and one to the depositary upon <br /> which such checks are to be drawn. Upon the face of every check there shall be a <br /> reference by number to the warrant or warrants in payment of which it is issued. The <br /> treasurer shall make a daily statement to the clerk, of the number and amount of <br /> each check issued. <br /> is recommended to be changed to: <br /> Checks on Depositories. <br /> No disbursement shall be made by the treasurer except by check, electronic funds <br /> transfer or other form of funds transfer approved by city council, on a city <br /> depository, and every such check or funds transfer for an amount greater than <br /> $1,000.00 shall be countersigned or approved by the mayor, provided, however, <br /> that the mayor may authorize the clerk to so countersign checks or approve such <br /> funds transfer, such authorization to be in writing and in duplicate, one copy of <br /> which shall be delivered to the treasurer, and one to the depository upon which such <br /> checks or funds transfer are to be drawn. City council shall review said amount at <br /> least once every five (5) years and adjust said amount as necessary. Every fund <br /> transfer shall have a reference number. The treasurer shall make a daily statement to <br /> the clerk, of the number and amount of each check issued. <br /> PROPOSITION #12 <br /> Shall Charter Sec. 14.8 be changed to allow for electronic transfer of funds, to <br /> require the mayor to countersign checks or approve electronic funds transfers for an <br /> amount greater than one thousand dollars ($1,000.00); and, require Council to review this <br /> amount every five (5) years, and adjust that amount as needed? <br /> CHARl`ER CHANGE YES <br /> CHARTER CHANGE NO <br /> CHARTER AMENDMENT ORDINANCE Page 17 <br />