§ 2-14-7. Disposition of funds raised by bonds or taxation; rate of disbursement of operating funds; conformance with city's financial practices required; annual audit of library accounts.

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All funds for library purposes, raised by bonds or taxation, shall be held by the city comptroller separate from other funds. Operating funds shall be disbursed at the rate of 1/12 the annual allocation per month. All library accounts of every character shall be maintained in conformity with city financial practice for the purpose of reports, budget submission and any other financial forms so required by city departments. All library accounts shall be audited annually by or under the city.

(Code 1967, § 21-57; Code 1985, § 18-22; Ord. No. 1891, § 7, 11-6-1973)

                    
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