No disbursement shall be made by the Treasurer except by check, electronic funds transfer or other form of funds transfer approved by City Council, on a City depository, and every such check or funds transfer for an amount greater than $1,000.00 shall be countersigned or approved by the Mayor; provided, however, that the Mayor may authorize the Treasurer or designee to so countersign checks or approve such funds transfer, such authorization to be in writing and in duplicate, one copy of which shall be delivered to the Treasurer, and one to the depository upon which such checks or funds transfer are to be drawn. City Council shall review the amount at least once every five (5) years and adjust the amount as necessary. Every fund transfer shall have a reference number. The Treasurer shall make a daily statement to the Clerk of the number and amount of each check issued. (Ord. 2924-06 § 16 (part), 2006; amended 11-5-96)