Box 9, Folder 2, Document 37

Box 9, Folder 2, Document 37

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CHARLES L. DAVIS
DIRECTOROF FINANCE

EDGAR A. VAUGHN, JR.
DEPUTY DIRECTOR OF FINANCE

DEPARTMENT OF FINANCE
501 CITY HALL
ATLANTA, GEORGIA 30303

October 2, 1969

W. ROY SMITH
DEPUTY DIRECTOR OF FINANCE

JAMES R. FOUNTAIN, JR.
DEPUTY DIRECTOR OF FINANCE

Mr. Ken Millwood

Atlanta Urban Corps

30 Courtland Street, N.E.
Atlanta, Georgia 30303

Dear Ken:

Reference is made to your memo of September 17, 1969, and
Mr. George Berry's reply of September 15, 1969.

I wholeheartedly agree with Mr. Berry's comments and would

like to further add that the City Charter requires that all
funds of the City clear through the Revenue ‘Collector's

Office of the City. The Charter further requires that the
Budget Commission is the only body that can anticipate addi-
tional revenue. The City as a result of a Charter provision
has every employee on its payroll covered for fidelity bond
purposes in an amount of $25,000. Part of the bonding require-
ments is that all funds be centrally controlled and should
carry the signature of the Mayor and the Director of Finance.

In view of these provisions, it is not legal for the Urban
Corps to establish and maintain a private bank account.

I trust this edditionel information satisfactorily answers the
questions raised in your memo of September 17.

Sineerely,

hake ML), ies

Charles L. Davis
Director of Fizance

CLD: dhf
ec: Mr. George Berry