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Council votes to open segregated account after auditors find about $38,000 in police custody
Summary
After auditors discovered more than $38,000 of unrecorded cash at the police department, the Parker City Council voted to authorize a segregated bank account for police-seized funds and asked staff to confirm whether interest-bearing options are allowed.
The Parker City Council voted to authorize a separate bank account to hold cash seized by the police after auditors identified what Mayor Kelly described as “in excess of 38,000, I believe that's the number.” The account is intended to secure seized cash, ensure those funds are included in city audits and keep the amounts distinct from the general fund.
During discussion, Mr. Recker noted legal and administrative issues around asset forfeiture, saying “it's called the asset forfeiture trust accounts” and described how civil and criminal forfeiture and federal-state equitable sharing can affect whether interest is credited or distributed. Council members asked the clerk and city attorney to confirm whether the city may place those funds in an interest-bearing account before funds are finally allocated or forfeited.
The clerk called the roll; Miss Barrow, Mister Chapel, Mister Regga and Mayor Kelly voted yes. The motion passed and the council instructed staff to document the funds, open a dedicated account, and report back with any legal limits on earning interest or requirements for handling forfeited funds.
