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Section 16: Change to Sections 14.5., 14.6, 14.8 and 14.10 Section 14.5 of the City <br />Charter which reads as follows: <br />Treasurer. <br />(a) The treasurer shall, before entering upon his duties, give to the city a bond <br />executed by some surety company authorized to do business in the State of Washington, <br />in such sum as the council shall prescribe by ordinance, and the premium shall be <br />prescribed by ordinance, and the premium shall be paid by the city. <br />(b) The treasurer shall receive and receipt for all funds payable to the city and shall <br />make his receipt therefor in triplicate, one of which he shall deliver to the party making <br />the payment, one he shall deliver to the clerk, and one he shall retain in his own office. All <br />such receipts shall be issued in serial number. <br />(c) Should there come into the hands of any other officer or employee of the city any <br />money belonging to the city, he shall immediately pay the same to the treasurer, taking a <br />receipt therefor. <br />is recommended to be changed to: <br />Treasurer. <br />(a) The treasurer shall, before entering upon his duties, give to the city a bond <br />executed by some surety company authorized to do business in the State of Washington, <br />in such sum as the council shall prescribe by ordinance, and the premium shall be <br />prescribed by ordinance, and the premium shall be paid by the city. <br />(b) The treasurer shall establish internal control policies based on the standards <br />promulgated by the American Institute of Certified Public Accountants and the federal <br />Office of Management and Budget to ensure that resources are guarded against waste, <br />loss and misuse; that reliable data is obtained, maintained, and fairly disclosed in financial <br />statements; and resource use is consistent with laws, regulations, and policies. <br />(c) Should there come into the hands of any other officer or employee of the city any <br />money belonging to the city, he shall immediately pay the same to the treasurer, taking a <br />receipt therefor. <br />and <br />Delete Section 14.6 Section 14.6 of the Everett City Charter, <br />which reads as follows: <br />Disbursements of Funds. <br />(a) All payments authorized by the council shall be by warrants drawn upon the <br />treasurer, signed by the mayor and clerk, and such warrants shall be paid in the order in <br />which they are issued. Each warrant shall be numbered and shall state the purpose for <br />which it is issued. <br />(b) The treasurer shall, at the close of each month, report to the council the amount of <br />monies received and disbursed by him and the amount on hand. <br />is recommended to be deleted; <br />and <br />Change to Section 14.8 Section 14.8 to the Everett City Charter, which reads <br />as follows: <br />Checks on Depositaries. <br />No disbursement shall be made by the treasurer except by check, electronic <br />funds transfer or other form of funds transfer approved by city council, on a city <br />12 <br />