Each designated craft and hobby club shall open one, and only one, checking account
in a banking institution located in the city and approved by the Division Chief, which
account shall be entitled (
name of club) Imprest Account.
This account shall be established by a deposit of not exceeding $2,500 advanced from
the Craft and Hobby Club Revolving Account for this purpose, and shall be replenished
as often as approved by the Division Chief by disbursements from each club's separate
revolving fund, to a maximum of not exceeding $2,500. Disbursements from the imprest
bank account shall be by a negotiable instrument signed by two persons, one of whom
shall be an officer of the club and the other of whom shall be an employee of the
Recreation and Parks Department designated in writing by the Division Chief. The Director
of Finance and Administration shall specify the documentation required to support
disbursements from the imprest bank account and the manner in which replenishment
advancements from the revolving fund are requested, documented and approved.
