READ AND PASSED

This enacted ordinance requires the Director of Finance to prepare monthly reconciliation reports for the City’s general ledger and bank accounts under the City Treasurer’s control. The reports must include balances, income and expenses, outstanding deposits and payments, unreconciled accounts, and related findings, and must be filed with the Controller and City Council and made available for public inspection; the first reports were due within 60 days after the ordinance became law.

Amending Title 19 of The Philadelphia Code, entitled "Finance, Taxes and Collections," by adding a new Chapter 19-4300, entitled "Monthly Reconciliation Reporting," all under certain terms and conditions.