137.01 Personnel.
137.02 Permit and license fees.
137.03 Investment of funds.
137.04 Deposits in financial institutions.
137.05 Distribution of interest earned.
137.06 Proceeds from sale of real property.
137.07 Appropriation of public funds; duty of Finance Director to report to Council.
137.08 Audit Committee.
CROSS REFERENCES
Department established - see CHTR. Art. V, Sec. 1
Director's powers and duties - see CHTR. Art. V, Sec. 4
Director as Secretary of Board of Control - see CHTR. Art. V, Sec. 8
Council control of finances - see CHTR. Art. VIII
Uniform Bond Law - see Ohio R.C. Ch. 133
Uniform Depository Act - see Ohio R.C. Ch. 135
Assessments and contracts - see ADM. Ch. 109
Filing of reports re tenants with Finance Director - see B.R. & T. 743.01
All fees for permits or licenses shall be collected by the Director of Finance or an employee authorized by the Director. No permit or license shall be issued by any officer or employee of the City unless and until the fee for such license or permit shall have been paid by the party applying to the Director of Finance or other person authorized by the Director to receive such payment.
(Ord. 3-1961. Passed 1-3-61.)
Whenever there are moneys in the Treasury of the City which shall not be required to be used for a period of six months or more, such moneys may, in lieu of being deposited in a bank, be invested in obligations of the City, or bonds, treasury notes, certificates or other obligations of the United States of America or those for the payment of principal and interest for which the faith of the United States is pledged, and bonds of the State of Ohio and any political subdivisions of the State. Such investments shall not be made at a price in excess of the current market value of such bonds or other interest-bearing obligations. Such bonds or other interest-bearing obligations may be sold for cash and for a sum not less than their current market price, in the manner prescribed in Ohio R.C. 731.57 to 731.59, inclusive. The procedure for making such investments shall be that set forth in Ohio R.C. 731.57 and the Mayor, Director of Law and Director of Finance are authorized and empowered to act pursuant to such statute. The Director of Finance shall maintain a Treasury Investment Account as provided in Ohio R.C. 731.58 and shall be custodian of any securities purchased by reason hereof.
(Ord. 5-1958. Passed 1-6-58; Ord. 86-2012. Passed 6-4-12.)
(a) The Director of Finance is hereby authorized, empowered and directed to designate an estimated aggregate amount of active deposits of public moneys of the City.
(b) The Director of Finance shall declare to the Board of Control that funds of the City shall be designated inactive funds.
(c) The Director of Finance shall request application for interim deposits from all financial institutions located in the City known to be eligible. Such bids shall be in accordance with specifications on file in the office of the Director of Finance, and in accordance with the laws of the State.
(d) The Director of Finance shall deposit the interim and active funds of the City in a financial institution as provided by the laws of the State.
(e) The inactive funds of the City shall be deposited by affirmative action of the Board of Control in financial institutions as provided by the Uniform Depository Act.
(f) The specifications on file in the office of the Director of Finance are hereby approved.
(Ord. 225-1977. Passed 10-3-77.)
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