The Director of Finance shall deposit all money belonging to the City in banks which shall be designated by the Board of Finance. And it shall be the duty of the Board of Finance in making the selection to enter into an agreement with the banks so selected with regard to compensating the City either by service rendered by the banks to the City, or some rate of compensation in the form of interest on the balances belonging to the City, as in its judgment will be most beneficial to the City. The Board of Finance, in consultation with the Minority and Women’s Business Opportunity Office, shall adopt regulations to require that the banks selected are in full compliance with the City’s Commercial Non-Discrimination Policy, as set forth in Subtitle 29 of <cite data-path="|5">this Article</cite>. It shall be the duty of the Director of Finance to keep regular and correct account of all moneys received and expended by him on behalf of the City. And he shall submit an annual report as soon as practicable after June 30, showing all moneys received and expended by him during the preceding fiscal year. City Code, 1950, art. 6, §12 1966, art. 5, §11 1976/83, art. 5, §11 Ord. 46-392 Ord. 65-658 Ord. 06-186

The Director of Finance, the Board of Estimates, and the Board of Finance are hereby authorized and empowered to execute and approve, on behalf of the Mayor and City Council of Baltimore, from time to time, agreements pertaining to the safekeeping by such custodial institutions as may from time to time be selected by them of collateral posted by financial institutions to secure funds deposited therein by the Mayor and City Council of Baltimore and the Director of Finance and other departments, agencies, and officials of the municipality. City Code, 1950, art. 6, §13 1966, art. 5, §12 1976/83, art. 5, §12 Ord. 43-031 Ord. 48-131 Ord. 63-002 Ord. 65-658

Baltimore City departments and agencies which maintain imprest <em>{advanced}</em> funds, which are petty cash funds containing certain constant amounts of money, and are maintained by the department or agency with monies advanced by the City, are hereby authorized to set aside a certain percentage of that fund for the establishment of a checking account, providing such checking account is specifically authorized by the Director of Finance and the Board of Estimates. All monies set aside for the checking account under the provisions of this section must be deposited in a depository or depositories designated by the Board of Finance from time to time. Funds placed in said depositories as aforesaid may be withdrawn therefrom by check to pay expenses duly incurred by the City departments and agencies maintaining the imprest funds. Said checks shall bear the signature of:the director of the City department or agency or his designee; and 1 other person designated by the director to sign as Disbursing Officer. Such designation shall be made by the director and filed with the depositories on which such checks are drawn. Any signature on any such checks may be manual or facsimile. The director of any City department or agency maintaining an imprest <em>{advanced}</em> fund, his designee, and the Disbursing Officer designated by the director as aforesaid, before performing any act under the provisions of this section, shall give bond to the Mayor and City Council of Baltimore in such amount, in such form, and upon such conditions as may be determined appropriate by the Director of Finance. City Code, 1976/83, art. 5, §13C Ord. 80-184 Ord. 82-575