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BULLET St. Louis City Revised Code Chapter 5.44 Pay Period Reserve Fund

St. Louis City Revised Code (annotated) has been converted to electronic format by the staff of the St. Louis Public Library. This electronic version has been done for the interest and convenience of the user. These are unofficial versions and should be used as unofficial copies.

Official printed copies of St. Louis City Revised Code may be obtained from the Register's Office at the St. Louis City Hall.



Chapter 5.44
Pay Period Reserve Fund

Sections:

5.44.010 Established.
5.44.020 Deposits--Expenditures.
5.44.030 Appropriation.

5.44.010 Established.

There is established a special reserve fund which shall be entitled "twenty-seventh pay period reserve fund" and into which shall annually be appropriated an amount equal to one-seventh of the estimated bi-weekly payroll of the City to provide adequate funds for the twenty-seventh bi-weekly payroll when it next occurs in the 1981--1982 fiscal year.
(Ord. 57062 1, 1975.)

5.44.020 Deposits--Expenditures.

The funds annually appropriated into the twenty-seventh pay period reserve fund shall be deposited in interest-bearing accounts and shall be only expended for the twenty-seventh bi-weekly payroll when it next occurs in the 1981--1982 fund year.
(Ord. 57062 2, 1975.)

5.44.030 Appropriation.

There is appropriated and set apart from the general revenues of the City seven hundred thousand dollars to the twenty-seventh pay period reserve fund, which amount is equal to one-seventh of the estimated cost of a bi-weekly payroll for the 1975--1976 fiscal year.
(Ord. 57062 3, 1975.)

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