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Marginalia
Code · Wisconsin · Chapter 62 — Cities

62.12 Finance.

387 words·~2 min read·/wi/chapter-62/62-12

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62.12 Finance.
(1)Fiscal year. The calendar year shall be the fiscal year.
(2)Budget. Annually on or before October 1, each officer or department shall file with the city clerk an itemized statement of disbursements made to carry out the powers and duties of the officer or department during the preceding fiscal year, a detailed statement of the receipts and disbursements on account of any special fund under the supervision of the officer or department during the year and of the condition and management of the fund and detailed estimates of the same matters for the current fiscal year and for the ensuing fiscal year.
(3)Accounting. The city treasurer shall keep separate all special funds, and the city clerk shall keep a separate account with the general fund for each officer or department through which disbursements are made from the general fund to carry out the powers and duties of such officer or department. The council shall examine and adjust the accounts of the clerk, treasurer and all other officers or agents of the city after the same shall have been audited by the comptroller.
(5)License moneys. Moneys received for licenses may be used for such purpose as the council shall direct in the absence of specific appropriation by law.
(6)Funds; appropriations; debts.
(a)Unless otherwise provided by law city funds shall be paid out only by authority of the council. Such payment shall be made in the manner provided by s. 66.0607 .
(b)The council shall not appropriate nor the treasurer pay out:
1. Funds appropriated by law to a special purpose except for that purpose;
2. Funds for any purpose not authorized by the statutes; nor
3. Funds from any fund in excess of the moneys therein.
(c)No debt shall be contracted against the city nor evidence thereof given unless authorized by a majority vote of all the members of the council.
(7)City depositories. The council shall designate the public depository or depositories within this state with which city funds shall be deposited, and when the money is deposited in such depository in the name of the city, the treasurer and bondsmen shall not be liable for such losses as are defined by s. 34.01
(2). The interest arising therefrom shall be paid into the city treasury.
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