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Council Revises City Finance Code to Streamline Transfers, Tighten Encumbrance Rules
Summary
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.
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.
Zach Jackson, the city controller, told the council the changes remove an administrative step that required departments to split intra-category transfers into two $25,000 moves when the code had an effectively higher limit. The amendment clarifies the…
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