111.2101 DISBURSEMENT OF FUNDS COLLECTED.

   The funds collected under the provisions of this chapter shall be disbursed in the following manner:

   (a)    First, such part thereof as shall be necessary to defray all expenses of collecting the tax and of administering and enforcing the provisions of this chapter shall be paid.
(Ord. 61-1966. Passed 12-27-66.)

   (b)    The balance remaining after payment of the expenses referred to in subsection (a) hereof shall be deposited as follows: Effective January 1, 2007, and retroactive thereto, the Director of Finance is hereby directed to deposit that sum equal to ninety-two and one-half percent (92.5%) of the proceeds of the Municipal income tax collected by the City of Highland Heights into the General Fund and to deposit that sum equal to seven and one-half percent (7.5%) of the proceeds of the Municipal income tax collected by the City of Highland Heights, in the General Bond Retirement Fund or the Municipal Center Fund.

      (Ord. 27-2006. Passed 1-23-07.)

DUTIES AND AUTHORITY OF ADMINISTRATOR