Boulevard DistrictsDistrict Funds

Section § 26221

Explanation

The county treasurer is in charge of holding and managing the funds for the district in a safe way. They must properly record and deposit the funds, making sure to keep them secure and handle them responsibly.

The treasury of the county in which the district is situated shall be the depository for the funds of the district. The county treasurer shall receive and receipt for the funds of the district, and shall place all such funds to the credit of the district. He shall be responsible upon his official bond for their safekeeping and proper disbursement.
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Section § 26222

Explanation

This law sets up three specific funds in the county treasury for district money that comes from taxes: a bond fund, a construction and maintenance fund, and a district expense fund.

Funds can only be spent with warrants approved by the commission's president and secretary, except for bonds and coupons, which can be paid directly by the treasurer.

The treasurer must update the commission on how much money is in each fund, recent receipts, and spending whenever requested.

The following funds are hereby established in the county treasury to which the money belonging to the district, and raised by taxation shall be apportioned by the treasurer:
(a)CA Streets And Highways Code § 26222(a) Bond fund.
(b)CA Streets And Highways Code § 26222(b) Construction and maintenance fund.
(c)CA Streets And Highways Code § 26222(c) District expense fund.
The treasurer shall pay out district funds only upon warrants of the commission, signed by the president and attested by the secretary, except that all bonds and coupons shall be paid on presentation by the county treasurer out of the bond fund without warrant.
Upon request of the commission or its secretary, the treasurer shall report in writing to the commission the amount of money in the various funds, the amount of receipts since his last report and the amounts paid out.
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