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In the event the Director of Finance is of the opinion that in any particular instance to provide the copies hereinabove required will be unduly burdensome, or that it will merely duplicate any other statement of which copies have already been furnished, he may, provided he first obtains the approval of the Chairman of the Finance Committee of Council, in lieu of furnishing copies, merely report in writing the receipt of the matter, its essence and that this report in lieu of copies is furnished with the approval of such Chairman. (Ord. 4098. Passed 7-6-1942.)
In the event the Director of Finance is of the opinion that in any particular instance to provide the copies hereinabove required, within the time stipulated in Section 129.01 or otherwise required by Council, will be unduly burdensome, he may, provided he first obtains the approval of the Chairman of the Finance Committee of Council, delay furnishing such copies until the next regular meeting of Council. (Ord. 26-68. Passed 5-6-68.)
Nothing contained in Sections 129.04 and 129.05 shall be held or regarded as applicable to the Official Certificate of Estimated Resources or to any amended Official Certificate of Estimated Resources, provided for in Ohio R.C. 5705.35 and 5705.36, copies of which must in any event be furnished forthwith upon receipt to all members of Council.
(Ord. 4098. Passed 7-6-42. )
The Director of Finance, from time to time throughout the year, and at least once in each quarter, shall report in writing to Council the receipts to date of such report from each source of General Fund revenue. A copy of each such report shall be furnished to each member of Council. (Ord. 4098. Passed 7-6-42.)
(a) "Active deposit" means a deposit of the City's public moneys payable or withdrawable, in whole or in part, on demand, or a deposit in a negotiable order of withdrawal account as authorized in the Consumer Checking Account Equity Act of 1980, 94 Stat. 146, 12 U.S.C.A. 1832(a).
(b) "Eligible depository" or "eligible depositories" means any institution mentioned in Ohio R.C. 135.03, that has an office situated within Cuyahoga County, Ohio, whose accounts are insured by the federal government or agency or instrumentality thereof.
(c) "Public moneys" means all moneys in the treasury of the City or moneys coming lawfully into the possession of the City's Director of Finance.
(d) "Uniform Depository Act" means Ohio R.C. Chapter 135 and any amendment or supplement thereto. Wherever any provision of the Uniform Depository Act is made applicable under this Chapter 129, such provisions are applicable only to the extent that they are not in conflict with or inconsistent with the City's Charter and ordinances or resolutions.
(Ord. 44-85. Passed 11-18-85.)
(a) Council hereby makes the following findings with respect to the authorization and the establishment of the policies and procedures for the deposit and investment of public moneys in the City's Treasury:
(1) The authorization and establishment of such policies and procedures are powers of local self-government that may be exercised by the City through its ordinances under Sections 3 and 7 of Article XVIII of the Ohio Constitution and Article One of the City's Charter; and
(2) The authorization and establishment of such policies and procedures are in the best interests of the City and its citizens:
A. To provide a more efficient management of the City's moneys and investments; and
B. To enable the City to earn a greater yield on its investments and provide safeguards of the City's moneys.
(Ord. 39-17. Passed 6-18-2018.)
(b) lt is hereby determined that the Uniform Depository Act shall not apply to the City, except as it may be adopted by reference under this chapter, and further provided that Ohio R.C. 135.11, 135.17, 135.18, 135.181 and 135.19 shall apply to the City; provided that Ohio R.C. 135.181, providing for the pledge of a single pool of eligible securities to secure the repayment of public moneys deposited or invested, may be utilized by an eligible depository in lieu of the pledging requirements prescribed in Ohio R. C. 135.18, only if the Director of Finance, at his or her option, consents in writing to the use of such Section 135.181; however, it is further provided that the Director of Finance with respect to deposits or investments, in his or her discretion, may require additional security and provisions for pledging and perfecting liens and enforcement of liens on behalf of the City which are in addition to or in lieu of some or all of the provisions of Ohio R.C. 135.18 or 135.181. The failure or refusal of an eligible depository to accept or conform to such option or additional security or provisions shall constitute good cause for the Director of Finance to terminate, at his or her discretion, and without liability, any depository agreement or any executory contract to make an investment. The exercise by the Director of Finance of his or her discretionary option to allow the use of Ohio R.C. 135.181, shall not give rise to the personal liability of the Director of Finance in the event of any loss of public moneys deposited or invested
and secured pursuant to such Section 135.181.
(c) Ohio R.C. 731.56 to 731.59, inclusive, shall not apply to the City, except as Ohio R.C. 731.59 is incorporated in part in Section 129.101(h) of this chapter and except as other provisions of such sections are incorporated in this chapter.
(d) It is hereby determined that the provisions of this chapter and the Uniform Depository Act shall not apply to the deposit or investment of funds authorized by an ordinance or a trust indenture pertaining to the authorization of general obligation bonds or special obligation bonds, including revenue bonds and mortgage revenue bonds, or notes in anticipation of such bonds. (Ord. 44-85. Passed 11-18-85.)
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