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HomeMy WebLinkAbout86-45 - A Flash Roll FundRESOLUTION NO. 86 -45 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH INCREASING THE FUND KNOWN AS • A FLASH ROLL FROM $25,000 TO $75,000 WHEREAS, the City Council of the City of Newport Beach finds that in the Police Department's enforcement of the narcotic laws, it is necessary to demonstrate to a seller of narcotics that the buyer has sufficient funds to fulfill the transaction; and WHEREAS, such funds are commonly referred to by law enforcement agencies as a "flash roll;" and WHEREAS, the City was authorized in Resolution No. 9040 to have a fund for the flash roll of $25,000; and WHEREAS, the Police Chief feels that the fund should be raised to $75,000; and WHEREAS, adequate controls will be placed over the use of the funds for a flash roll in order to minimize the risk of loss of such funds. NOW, THEREFORE, the City Council of the City of Newport Beach hereby resolves as follows: 1. The Chief of Police shall be authorized to receive a cash advance in the amount not to exceed $75,000.00. The demand for payment shall be made to the Finance Director, signed • by the Chief of Police, or his designated representative, stating -1- the amount of money requested is needed for the purposes of law enforcement. • 2. The money so withdrawn from the City treasury shall be paid over to the Chief of Police, or his designated repre- sentative, and shall be returned to the Finance Director or accounted for not later than twenty -four (24) hours after disbursement by the Finance Director to the Chief of Police. 3. The Finance Director accounting procedures to insure th herein provided. The funds shall be Department of the City of Newport other law enforcement agencies, be federal. shall set up appropriate e safeguard of the funds as made available to the Police Beach only, and not to any they city, county, state or 4. The funds herein provided for shall be used exclusively for law enforcement purposes, and, in particular, for narcotics law enforcement, and for no other purpose. ADOPTED this 9th day c ATTEST: City;Cle.rk -2-