(a) Whenever an ordinance is presented to Council for consideration, which ordinance will appropriate public funds or amend an earlier appropriation ordinance, the Finance Director shall, no later than seventy-two hours prior to the commencement of any scheduled meeting at which the ordinance is to be considered, provide in writing to each member of Council the following information:
(1) An exact copy of the then-current estimate of resources, prepared by the Director of Finance and filed with the Office of County Auditor pursuant to Ohio R.C. 5705.36; and
(2) An explanation, prepared and signed by the Director of Finance, showing the source or sources of any additional funds required in order to fund any increase in the appropriation ordinance. In the event the appropriation ordinance is to be reduced, the Finance Director shall explain, subject to the same time requirements cited above, the fund surplus created thereby.
The purpose of this requirement is to permit Council to compare the level of appropriation and any increase thereof, submitted to them prior to approval, with the amount of funds available to the City or anticipated by the City as reported to the County Auditor. Further, an additional objective of this requirement is to provide Council, whenever it acts on an appropriation ordinance, with the appropriate and necessary information about the amount of funds available to the City so that Council may properly consider any proposed increase in expenditures as part of its duty to oversee and regulate the appropriation and expenditure of public funds.
(b) The Finance Director shall supply Council with a copy of all amendments to the Certificate of Resources provided to the County Auditor pursuant to State law no less than ten days after said amendments are filed with the County Auditor.
(Ord. 156-1994. Passed 6-6-94.)