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RESPONSIBILITY OF CITY EMPLOYEES FOR LOSS OF FUNDS

Colorado Springs City Code § 1.6.104
in effect
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1.6.104: RESPONSIBILITY OF CITY EMPLOYEES FOR LOSS OF FUNDS: The Chief Financial Officer and other authorized City officials or employees acting in accord with written procedures and exercising due diligence shall be relieved of personal responsibility for an individual security's credit risk or market price changes and the failure of any depository, provided that the deviations from expectations are reported in a timely fashion to the Mayor and appropriate action is taken to control adverse developments. (Ord. 11-18)
Source: City of Colorado Springs, Colorado, City Code and City Charter (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/coloradospringsco/latest/coloradosprings_co/0-0-0-1318Fetched: 11/1/2026

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1.6.104 | Corpus