Ordinance 33-69 - Laserfiche WebLink

• • ORDINANCE NO. .5 -"'6 AN ORDINANCE creating a Travel Revolving Fund? transferring monies into said fund and establishing rules and procedures for the use of monies in the fund, all pursuant to Chapter 74, Laws of 1969 RCW 42. 24. THE CITY OF EVERETT DOES ORDAIN: Section 1: There is hereby created a new fund to be known as the "Travel Revolving Fund. " Section 2: The transfer of $5, 000. 00 from the monies of the General Fund to the Travel Revolving Fund is hereby authorized and directed. Section 3: The Travel Revolving Fund will be maintained in a bank as a checking account and advances to officials or employees will be by check. The fund will be replenished by warrant. Section 4: Whenever it becomes necessary for an elected or appointed official, or employee of the City of Everett, to travel and incur expenses, he may draw a reasonable amount of funds in advance of said expenditure. Such advance shall be made under the appropriate rules and regulations to be prescribed by the State Auditor's office. Section 5: To protect the City of Everett from any losses on account of advances made as provided above, the City of Everett shall have a prior lien against and a right to withhold any and all funds payable, or to become payable, by the City to such officer or employee to whom such advance has been given, up to the amount of such advance and interest at the rate of 10% per annum until such time as repayment or justification has been made. No advance of any kind may be made to any officer or employee at any time when he is delinquent in accounting for or repaying a prior advance under this ordinance. Section 6: On or before the 10th day following the close of the authorized travel period for which expenses have been advanced to any officer or employee, he shall submit to the appropriate official a fully itemized travel expense voucher for all reimbursable items legally expended accom- panied by the unexpended portion of such advance, if any. Any advance made for this purpose or any portion thereof not repaid or accounted for in the time and manner specified herein shall bear interest at the rate of 10% per annum from the date of default until paid.