§ 20-19. Accounting for funds.

(a)

Each fund shall be separately set forth in the books of account maintained by the manager of finance. Except for transfers made in order to apportion receipts or made to account for services rendered among agencies, transfers of money between funds shall be made only by ordinance. The assets and liabilities of each fund shall be carried forward from year to year, but all appropriations except capital projects, grants and nonappropriated special revenue projects or programs shall lapse at the close of each fiscal year.

(b)

For special revenue accounts in fund nos. 11000, 12000, 13000, 14000, 15000, 16000, 17000, and 18000, closure of unused accounts may occur administratively without need for an ordinance. Upon completion of the restricted purpose or upon notice from an expending authority that a special revenue fund account has no further purpose, the special revenue fund account may be closed as prescribed by the manager of finance and the expending authority for the corresponding special revenue fund.

(Code 1950, § 164.5; Ord. No. 775-07, § 33, 12-26-07; Ord. No. 223-15, § 1, 5-11-15)