The Waterbury Democrat., 1939-08-30
LEGAL ADVERTISING

costs, charges or damages accruing e liable to accrue to the city, or for the performance of any specific nct, including all moneys deposited as bail to secure the liberation of persons accused of public offenses. aIl muneys deposited by bidders on contracts to insure their entering into. contracts awarded them, and ali moneys deposited to indemnify psrsons whose property may be damaged or destroyed by the oper- atiDns of the depositor. The money co deposited may be returned to the depusitur, without specific appro- priation, allotment, or authoriza- ton for expenditure, therefor. should be become entitled to the return thereof, in the same manner as other claims against the city may he paid, or may, upon default of the depositor and upon certificate to such effect by the administra- tive oficer having charge of the matter, be declared by the comp truller to be forfeited in whole or in part and thereupon be trans- ferred on his warrant to the ex- tent SO forfeited to the general fund. The interest on bank deposits of this fund shall accrue to the general fund.
 Sec. 70. Private Funds held in Trust. Private funds of patients or prisoners in city institutions when such funds have been deposited in such institutions for safe-keeping, and any other moneys collected from private individuals for later return to them or for payment to designated beneficiaries, such as contributions in the hands of pro- bation officers or others, under orders of court or otherwise, for the support of families or of minor children in temporary homes shall be kept as special trust funds in special bank accounts by the officers or employees charged with their custody, and shall be paid out to the beneficiaries on the personal cheeks of such officers or employees. The provisions of this charter re- quiring deposit of receipts in the city treasury and the appropria- tion, allotment and other expendi- tlre control procedure prescribed herein, shall not apply to such funds, but the custodian of each such fund shall make monthly re- ports to the city comptroller in such form as the comptroller shall pre- scribe, of all receipts and disburse- ments, and the accounts of each such fund shall be subject to audit by the comptroller and the inde- pendent auditors provided for here- under. The interest on such special bank accounts shall be paid into the treasury as 1t is credited and go into the general fund.
 Sec. 77. Retirement Fund. There shall be retirement fund, consist ing of all contributions made by employees, together with the amounts of all appropriations made thereto by the city in accordance with the provisions of this charter, and the proceeds of investments. Such fund shall be a trust fund to be held subject to investment and used only for the purposes of pay ing retirement pensions and bene- Its as provided for hereunder.
 Sec. 7S. Separate Bank Accounts 9or Funds. The cash balance of each fund provided for herein shall be kept in a separate bank account designated by the name of the fund and distinct from any account in which any other moneys are kept The interest on such balances as earned shall accrue to the several funds for which such balances are maintained except as expressly pro- vided herein.
 IMPORTATION AND
 EXPENDITURE CONTROL
 Sec. g. Fiscal Year. The fiscal year of the city shall begin with the first day of January of each year and shall end with the next succeeding thirty-first day of December.
 Sec. 90. Annual Budget Report. on or before October first of each year, the city manager shall sub- init to the city council budget re- port presenting his proposed finan- cial plans for the ensuing year. The budget report as submitted, shall include: (a) A budget message signed by the city manager, giving a summary description of his pro- posed financial plans and explain ing the more important features of the financial and operating pro- gram and their anticipated effects on the city's finances and welfare; (b) consolidated summary state- ments of the financial condition of the city; Co statements of income and receipts by funds for each of the two fiscal years last concluded and estimates of income and re- ceipts by funds for the current year and the next ensuing fiscal year; (d) summary statements of ex-
 penditures and disbursements by funds for each of the two fiscal years last concluded; (e) 8 surplus account for the general fund and for each special fund; D detailed comparative statements by funds of the expenditures of the two fiscal years last concluded, the current budget and the budget estimates for the ensuing fiscal year, with the city managers recommendation for appropriations, by budget units and budget classes; (g) a summary statement for each fund of the estimated cash resources to be available at the beginning of the next fiscal year and the estimated cash receipts of the year, including such receipts estimated to result from any proposed provision for ad- ditional revenues or borrowing; (h) the amount of total and net debt of the city by funds chargeable herewith, together with a schedule of maturities of bond issues and a statement of borrowing capacity; O e program extending over a period of ten years into the future of all proposed capital improve n1ents, as approved by the board of works and the board of finance, listed in order of relative import ance and indicating the proposed means of financing, as by bond issues, taxation and special as- sessnents, and the extent of pro- posed financing by each means from 4