§ 2-1190. Accounts.

(a)

Generally. The accounting and financial records of the retirement system shall be maintained in accordance with generally accepted accounting principles.

(b)

Maintenance. The director of finance and the director's designated assistants shall maintain the accounting records and establish such ledger accounts as are necessary and appropriate.

(c)

Payments. Payments shall be made by the director of finance only upon approval of the board of trustees or in accordance with procedures specified by the board.

(d)

Commingling of funds. All cash and investments arising from all sources may be commingled.

(e)

Depositories. The board of trustees may establish such depositories for cash and investments as it deems necessary and appropriate.

(Admin. Code 1967, § A9.13; Ord. No. 35794, 11-27-68; Ord. No. 140976 , § 1, 12-11-14)