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DEPARTMENT OF FINANCE
501 CITY HALL
Ht ATLANTA, GEORGIA 30303
tf
fe ee ai) October 2, 1969
CHARLES L. DAVIS W. ROY SMITH
DIRECTOR OF FINANCE DEPUTY DIRECTOR OF FINANCE
EDGAR A. VAUGHN, JR. JAMES R. FOUNTAIN, JR.
DEPUTY DIRECTOR OF FINANCE DEPUTY DIRECTOR OF FINANCE
Mr. Ken Millwood
Atlanta Urban Corps
30 Courtland Street, N.E.
Atlanta, Georgia 30303
Dear Ken:
Reference is made to your memo of September 17, 1969, and
Mr. George Berry's reply of September 15, 1969.
I wholeheartedly agree with Mr. Berry's comments and would
like to further add that the City Charter requires that all
funds of the City clear through the Revenue ‘Collector's
Office of the City. The Charter further requires that the
Budget Commission is the only body that can anticipate addi-
tional revenue. The City as a result of a Charter provision
has every employee on its payroll covered for fidelity bond
purposes in an amount of $25,000. Part of the bonding require-
ments is that all funds be centrally controlled and should
carry the signature of the Mayor and the Director of Finance.
In view of these provisions, it is not legal for the Urban
Corps to establish and maintain a private bank account.
I trust this edditionel information satisfactorily answers the
questions raised in your memo of September 17.
Sineerely,
hake ML), ies
Charles L. Davis
Director of Fizance
501 CITY HALL
Ht ATLANTA, GEORGIA 30303
tf
fe ee ai) October 2, 1969
CHARLES L. DAVIS W. ROY SMITH
DIRECTOR OF FINANCE DEPUTY DIRECTOR OF FINANCE
EDGAR A. VAUGHN, JR. JAMES R. FOUNTAIN, JR.
DEPUTY DIRECTOR OF FINANCE DEPUTY DIRECTOR OF FINANCE
Mr. Ken Millwood
Atlanta Urban Corps
30 Courtland Street, N.E.
Atlanta, Georgia 30303
Dear Ken:
Reference is made to your memo of September 17, 1969, and
Mr. George Berry's reply of September 15, 1969.
I wholeheartedly agree with Mr. Berry's comments and would
like to further add that the City Charter requires that all
funds of the City clear through the Revenue ‘Collector's
Office of the City. The Charter further requires that the
Budget Commission is the only body that can anticipate addi-
tional revenue. The City as a result of a Charter provision
has every employee on its payroll covered for fidelity bond
purposes in an amount of $25,000. Part of the bonding require-
ments is that all funds be centrally controlled and should
carry the signature of the Mayor and the Director of Finance.
In view of these provisions, it is not legal for the Urban
Corps to establish and maintain a private bank account.
I trust this edditionel information satisfactorily answers the
questions raised in your memo of September 17.
Sineerely,
hake ML), ies
Charles L. Davis
Director of Fizance