(a) There is hereby created a fund to be known as the Miscellaneous Municipal Agency Fund. This fund shall be used to account for the receipt and disbursement of all moneys which are received and disbursed by the Village as agency funds, for which no other fund is appropriate to account for such moneys.
(b) Not less than thirty (30) days after the Finance Director provides written notice to a party entitled to a refund of such moneys, the Council may, by motion, authorize the Finance Director to transfer any moneys which are not claimed to the General Fund of the Village. The party depositing such moneys with the Village shall have the responsibility of maintaining a current address on file with the Finance Director for the purpose of receiving such notice.
(c) The Finance Director or his deputy is hereby authorized and directed to make application to the Bureau of Inspection of the State of Ohio for approval of the creation of the Miscellaneous Municipal Agency Fund pursuant to the provisions of Ohio R.C. 5705.12.
(Ord. 2006-119. Passed 9-13-06.)