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Sec° $-1.6o Fiscal year and lapse of appropriations~ <br /> <br /> ~e fiscal year for the city shall begin on the first day of July of each <br /> <br />year. All a~propriattons shall lapse at the end of the period for which they were <br />made, to the extent they shall not have been expended or lawfully encumbered. <br /> <br />Sec. $-1.?. Transfers of appropriations. <br /> <br /> %IT~.~e City ~V~nager m~y at any time trans£er any unencumbered appropriation <br />balance or portion thereof within the same general classification of expenditures with- <br />in an office, department or agency° In the event the council shall make appropriations <br />for an emergency centingency £und, the City ~anager may thereafter transfer any or <br />a!l the unencumbered portion of such fund to any item of expense contained in the city <br />budget, reporting such action and the reason therefor to the council at its next regu- <br />lar meeting. <br /> <br />Sec. $-1.8. Depositories for and withdrawals of city funds in general. <br /> <br /> All funds of the city, except funds of the wager department, ~hall be de- <br />posited in such hanks of the city as the council may from time to time designate, te <br />the credit of the city° The funds shall be withdrawn only as appropriated by the <br />council, and upon checks signed by the City Treasurer and the City Auditor. Such <br />checks shall be drawn only upon a voucher prepared by the City Auditor and approved <br />by the City 5~ger, stating the particular fund and appropriation to whih the same <br />is chargeable, and the person to whom payable. <br /> <br />Eec. 8-1°9. Water department funds. <br /> <br /> All funds of the city received by or on behalf of the water department shall <br />be deposited in such banks as m~y be designated by the council, to the credit of the <br />Portsmouth Water Department. Such funds shall be withdrawn only as appropriated by <br />the council, and upon cheeks signed by the City AuditOr and the City ~anager, after <br />vouchers have been prepared for same by the City Auditor and approved by the City <br />~anager, stating the particular appropriation to which the same is chargeable, and <br />the person toW hem payable. <br /> <br />Sec. 8-1.t0. Deposit of city funds. <br /> <br />-3- <br /> <br /> <br />