There is hereby established under Ohio R.C. 5705.12 and subject to the approval of the Bureau of Inspection and Supervision of Public Offices of the State of Ohio, a General Reserve Fund. Said fund is established for budget stabilization. The total amount in said fund shall not exceed five percent (5%) of the general fund’s revenue for the preceding fiscal year. Funds on deposit in the General Reserve Fund shall be withdrawn only upon the affirmative vote of not less than two-thirds (2/3) of the voting members of Council. (Ord. 06-05. Passed 4-3-06.)