Council Revises City Finance Code to Streamline Transfers, Tighten Encumbrance Rules
Carmel’s council unanimously adopted changes to city code that ease small intra-category transfers, clarify controller duties on the chart of accounts and remove the ability to encumber funds without a written contract.
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The Common Council approved, 9–0, an amended ordinance Feb. 3 that updates the city’s chart-of-accounts and transfer rules to reflect current practice and tighten controls on encumbrances.
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