HomeMy WebLinkAboutC.054.93009_0026(3)
Moneys due to the County either by another
governmental agency or by an individual shall
be promptly billed, collected, and deposited.
The director of finance shall monitor the status
of all uncollected moneys owed to the County and
implement measures to collect any and all
delinquent accounts except as otherwise provided
by law.
(4)
The tax collector shall expedite the deposit
of ad valorem tax collections by use of lock
box services and any other collection method
allowed by law.
(5)
The director of finance shall periodically
review each revenue source of the County and
examine the methods for prompt billing,
collection, depositing, and reporting of those
sources. These methods shall be analyzed
with the individual responsible for the
particular revenue source, and changes shall
be instituted if more efficient means of
revenue realization are possible.
Section 6.
The following procedures are hereby established
and shall be incorporated in the cash mobilization
and management of available resources
(investments) section of the plan:
(1)
The Iredell County Board of Commissioners shall
designate all official depositories of the
County.
(2)
The director of finance shall establish a central
depository system for the County utilizing a cash
concentration account.
(3) Pursuant to G. S. 159-25(4), the director of
finance shall receive and deposit all moneys
accruing to the County into the County's cash
concentration account, unless another officer or
employee is duly authorized to do so and is
supervised by the director of finance.
(4) Employees and officers who are duly authorized
and supervised by the director of finance to
receive and deposit County moneys (the Tax
Collector) must notify the Finance Officer
each day by 11:00 a.m. of the amount being
deposited.
(5) The county shall subscribe to the Government
Money Transfer System for State agencies
participating in the System. This allows for
State revenues to be deposited directly in
the County's individual account with the North
Carolina Cash Management Trust. Any State
revenues received through the mail shall be
deposited on a timely basis.
(6) The director of finance shall include in the
negotiations with the official depository a
method of investing all funds on deposit.
(7) The director of finance shall strive to keep
1008 of the County's moneys invested at all
times.
(8) The director of finance shall continuously
forecast the County's future cash needs and invest
moneys for longer periods of time where
practicable.
MAR 161995 011