Chapter 7: Fiscal Management

§ 7.01 Purpose→ § 7.01 Purpose · Unchanged · compare the texts

§ 7.02 Finance Officer→ § 7.02 Finance Officer · Unchanged · compare the texts

§ 7.03 Cash Control→ § 7.03 Cash Control · Wording changed largely rewritten (69% same words) · compare the texts

• Text removed: …charges, and small fees customarily paid at the time of rendering a service, for which payments the finance officer shall obtain some form of receipt or bill acknowledged as paid by the vendor or agent. At such time as the petty cash fund is approaching depletion, the finance officer shall draw a check for replenishment in the amount requirements of the accumulated expenditures and said check and…
• Text removed: …check for replenishment in the amount of the accumulated expenditures and said check and supporting detail shall be submitted to the Council as a claim in the usual manner for claims and charged to the proper funds and accounts. It shall not be used for salary payments or other personal services or personal expenses. office. …

§ 7.04 Fund Control→ § 7.04 Fund Control · Wording changed wording changed (91% same words) · compare the texts

§ 7.05 Operating Budget Preparation→ § 7.05 Operating Budget Preparation · Wording changed largely rewritten (50% same words) · compare the texts

• Amount or number: …budget proposal to the Council no later than February 15 the date of each year. 4. Council Review. The Council…
• Amount or number: …for public hearing thereon to be held before March 15 April 30 and cause notice of such hearing and a…
• Amount or number: …proposed budget to be published not less than 10 nor 4 or more than 20 days before the date established…
• New requirement: …submit the completed budget proposal to the Council each year at such time as directed by the Council. 4. Annual Statement. (Code of Iowa, Sec. 24.2A(2)) A. On or before 4:00 p.m. on March 5 of each year, the City shall file, with the Department of Management, a report containing all necessary information for the Department of Management to compile and calculate amounts required to be included in the statement mailed under Paragraph B. B. Not later… no later than February 15 of each year.…
• New requirement: …the Council no later than February 15 of publication of the notice. (4) Failure of a newspaper to publish a required notice under this paragraph shall not be considered a failure of a political subdivision to provide required notice under this paragraph if all of the following conditions are met: a. Notice of the public hearing was provided to each year. 4. Council Review. The Council shall…
• New requirement: …Council no later than February 15 of each year. 4. property owner and each taxpayer within the political subdivision in statements required under Section 24.2A(2)(b) of the Code of Iowa. b. The political subdivision can demonstrate to the county auditor that the political subdivision provided sufficient time for the newspaper to publish the notice. 5. Council Review. The Council shall review the proposed…

§ 7.06 Budget Amendments→ § 7.06 Budget Amendments · Wording changed wording changed (92% same words) · compare the texts

§ 7.07 Accounting→ § 7.07 Accounting · Wording changed minor wording (96% same words) · compare the texts

• New requirement: …accounts and for recording unappropriated surpluses. 3. Checks. 2 signatures are required on all City checks. Checks shall be prenumbered and signed by the…

§ 7.08 Financial Reports→ § 7.08 Financial Reports · Wording changed largely rewritten (62% same words) · compare the texts

• Amount or number: …Auditor of State not later than December 1 2025 each report shall include a list of each year. (Code of Iowa, Sec. 384.22)…

—→ § 7.09 Setoff Program Provisions · New · read