CHAPTER 6. General Financial Provisions [101210. - 101260.]

Chapter 6 added by Stats. 1971, Ch. 1161.

§§ 101210–101260 · 30 sections

1. ARTICLE 1. Deposit and Withdrawal of Funds §§ 101210–101216 · 7 sections

   • § 101210 To facilitate the business of the district, the board may provide for the creation and administration of such funds as the needs of the district may require…
   • § 101211 Whenever the moneys of the district, or any part thereof, are deposited in a depositary other than the county treasury, all withdrawals of funds shall be made…
   • § 101212 The board may designate the county treasury as the depositary, and in such case the county treasurer shall have custody of all, or any portion, of the moneys…
   • § 101213 If the county treasury is designated as the depositary, the county treasurer shall: (a) Receive and receipt for all of the district’s moneys received by him…
   • § 101214 When the county treasury has been designated as the depositary, the county treasurer shall have the custody of the district’s moneys and funds, and he shall…
   • § 101215 The board shall examine, settle, and allow all accounts legally chargeable against the district, and shall order checks or warrants to be drawn in payment…
   • § 101216 The board may provide by resolution, under such terms and conditions as it sees fit, for the payment of demands against the district without the prior specific…
2. ARTICLE 2. Indebtedness §§ 101220–101223 · 4 sections

   • § 101220 The district may borrow money for the purpose of defraying the expenses of the district lawfully incurred after the commencement of the fiscal year, but prior…
   • § 101221 The board may, within a period of two years from and after the formation of the district, pursuant to a resolution adopted by it for the purpose, borrow money…
   • § 101222 The district may accept, without limitation by any other provisions of this part requiring approval of indebtedness, contributions or loans from the United…
   • § 101223 The authority to incur indebtedness vested in the district by the provisions of this article shall be in addition to any right vested in it to receive a…
3. ARTICLE 3. Investments §§ 101230–101234 · 5 sections

   • § 101230 The district may invest any surplus money in its treasury, including money in any sinking fund, in any of the following: (a) Its own bonds. (b) Treasury notes,…
   • § 101231 Such investment may be made by direct purchase of any issue of such bonds, treasury notes, or obligations, or part thereof, at the original sale or by the…
   • § 101232 Any bonds, treasury notes, or obligations purchased and held as investments by the district may, from time to time, be sold and the proceeds reinvested in…
   • § 101233 Sales of any bonds, treasury notes, or obligations purchased and held by the district shall, from time to time, be made in season so that the proceeds may be…
   • § 101234 With the consent of the board, the general manager may: (a) Authorize the trust department of any state or national bank in this state, or a trust company…
4. ARTICLE 4. Audits and Financial Report §§ 101240–101245 · 6 sections

   • § 101240 The general manager shall cause to be installed and maintained a system of auditing and accounting which shall completely and at all times show the financial…
   • § 101241 The fiscal affairs of the district shall be predicated upon a fiscal year commencing on the first day of July of each calendar year and terminating on the 30th…
   • § 101242 Within 90 days from and after the close of each fiscal year, the general manager shall prepare and file with the secretary of the district a financial report…
   • § 101243 A copy of the financial report shall be kept in the office of the general manager and shall be available to public inspection at all times during the regular…
   • § 101244 Within 15 days after the filing of the financial report, the general manager shall publish a notice of such filing and shall state the fact of such…
   • § 101245 Within 15 days after the filing of the financial report, the general manager shall transmit a copy thereof to the board of supervisors and to the city council…
5. ARTICLE 5. Budget §§ 101250–101256 · 7 sections

   • § 101250 On or before the 30th day prior to the end of each fiscal year, the general manager shall submit to the board a proposed budget covering all of the…
   • § 101251 Prior to the time the board finally adopts the budget, it shall hold a public hearing upon the proposed budget submitted by the general manager. Notice of the…
   • § 101252 The date of the hearing shall be fixed by the board and shall be not later than July 1 of each year.
   • § 101253 At the time and place designated in the published notice, the board shall meet and consider the proposed budget. Any resident of the district may appear and be…
   • § 101254 The board may continue the hearing from day to day; provided the hearing shall be concluded not later than July 15 first following its commencement.
   • § 101255 After the conclusion of the hearing, and not later than August 1st of each year, and after making any revisions of the proposed budget which it may deem…
   • § 101256 A copy of the budget as finally adopted by the board shall be filed with the county auditor pursuant to Section 53901 of the Government Code.
6. ARTICLE 6. Services of County and City Officers § 101260 · 1 section

   • § 101260 Whenever the district avails itself of the services of any officer or department of the County of Kern, or of any city within the district, in the performance…