HomeMy WebLinkAbout790622.tiff RESOLUTION
RE: VOIDING OF COUNTY WARRANTS.
WHEREAS, the Board of County Commissioners of Weld County, Colorado,
pursuant to Colorado Statute and the Weld County Home Rule Charter, is vested
with the authority of administering the affairs of Weld County, Colorado, and
WHEREAS, a number of County warrants issued by Weld County, Colorado are
not claimed by the payee or presented for payment by the payee, and
WHEREAS, the State of Colorado Statutes are silent on declaration of
voided warrants for County Government, and
WHEREAS, generally accepted accounting practices and audit principles
dictate the disposition of such warrants, and
WHEREAS, applicable Federal laws and banking practices specify that war-
rants not presented after six (6) months are void, and
WHEREAS, a survey of surrounding counties indicate that the common prac-
tice is to void all warrants after six (6) months or less and the face of the
warrant has inscribed a time period for presentation, and
WHEREAS, the Director of Finance and County Treasurer recommend that the
Board adopt a policy specifying the proper disposition of such warrants.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado that County warrants printed from this date forward
shall have the following on the face of the warrant: "VOID IF NOT CASHED IN
SIXTY DAYS".
BE IT FURTHER RESOLVED by the Board of County Commissioners that any county
warrants not presented to the County Treasurer within six (6) months of date of
issue shall formally be declared void and the funds deposited in the general
fund miscellaneous revenue account, Unclaimed Monies.
BE IT FURTHER RESOLVED by the Board of County Commissioners that the
Director of Finance will notify the County Treasurer of all warrants formally
declared void.
BE IT FURTHER RESOLVED by the Board of County Commissioners that after a
warrant is formally declared void it can be reissued out of the General Fund by
Board action should it be presented after six (6) months from the date of issue
by the payee.
f'u2S TR000S 790622
1 r 3 J 6,A -1-
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following vote on the 28th day of Febraury, A. D. , 1979.
BOARD OF COUNTY COMMISSIONERS
ELD COUNTY, COLORADO nn
%ct
9eent) Se/a/-417;41
ATTEST: I ( Ttaa
Weld County Clerk and Recorder
and Clerk to the Board
By:
- putt' County C
APPR S TO FORM:
47
ounty ttorney
DATE PRESENTED: FEBRUARY 28, 1979
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