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Section 9078 Of Chapter 6. Finances From California Health And Safety Code >> Division 8. >> Part 4. >> Chapter 6.
9078
. A district may, by resolution, establish a revolving fund
pursuant to Article 15 (commencing with Section 53950) of Chapter 4
of Part 1 of Division 2 of Title 5 of the Government Code. The
maximum amount of the revolving fund shall not exceed either of the
following:
(a) One thousand dollars ($1,000) if the purpose of the revolving fund is to make change and pay small bills directly.
(b) One hundred ten percent of one-twelfth of the district's adopted budget for the current fiscal year if the purpose of the revolving fund is to pay any authorized expenditures of the district.
(a) One thousand dollars ($1,000) if the purpose of the revolving fund is to make change and pay small bills directly.
(b) One hundred ten percent of one-twelfth of the district's adopted budget for the current fiscal year if the purpose of the revolving fund is to pay any authorized expenditures of the district.
