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The Mayor and Director of Finance are hereby authorized and directed to obtain, on behalf of the City, insurance applicable to funds or securities in the possession or custody of any City official, substantially as follows, while on the premises:
Lakewood City Hall, 12650 Detroit Avenue, five thousand dollars ($5,000);
Lakewood Hospital, 14519 Detroit Avenue, five thousand dollars ($5,000); and while in transit by messenger from:
Lakewood City Hall, two thousand dollars ($2,000);
Lakewood Hospital, two thousand dollars($2,000).
(Ord. 4385. Passed 4-1-46.)
The insurance policies provided for in Section 129.12 shall be in such form, subject to the approval of the Director of Law, as may be obtainable to carry out the purposes and intent of this section and Section 129.12. They shall be for a period of at least three years, and the Director of Finance is hereby authorized and directed to pay the required premiums on the policy for Lakewood Hospital from the Hospital Fund and the premiums on the policy for the City Hall from the General Fund and Water Fund.
(Ord. 4385. Passed 4-1-46.)
(a) The Director of Finance is hereby authorized and directed to sell, through public internet auctions, on an as needed basis various obsolete, surplus and nonfunctioning City vehicles, materials and/or equipment.
(b) The Director of Finance shall engage a representative or representatives to conduct said internet auctions. Such representatives shall hold bidding for each item open for a period of not less than fifteen calendar days. All internet auction sales shall be final and all items shall be sold as is. (Ord. 38-07. Passed 4-16-2007.)
(c) In the event that an item is not sold after having been offered for sale by internet auction, the Director of Finance may dispose of the property by selling the item for its scrap value, or if the item has no scrap value by otherwise properly disposing of the item.
(Ord. 31-12. Passed 7-2-2012.)
(a) Establishment. There is hereby established a special, separate and permanent fund which shall be known and referred to as the Hospital Fund. The Director of Finance is authorized and directed forthwith to take such action and make such records as may be necessary to establish the Hospital Fund and thereafter to show its existence and condition at all times upon the proper records of the City. (Ord. 3948. Passed 1-6-1941.)
(b) Revenues to Fund. There shall be paid directly into the Hospital Fund, when and as received, all income of Lakewood Hospital from its operation, except such income as shall be required to be paid directly into the Hospital Capital Outlay and Depreciation Fund or other special fund pursuant to ordinance adopted by Council; the proceeds of any special tax which may be levied for hospital purposes (other than for principal and interest on hospital bonds); all unconditional gifts or bequests of moneys received for the purpose of aiding the operation of the hospital; all other gifts, bequests, devises, trusts or the income therefrom, as the case may be, in accordance with and subject to the provisions or conditions of any such gift, bequest, devise or trust; all moneys from the General Fund appropriated by Council for the operating expenses of the hospital, and any money that may be transferred in any manner to the Hospital Fund from any other fund by Council or by order of court. All income from Hospital operations and all other moneys hereinabove ordered paid directly into the Hospital Fund are hereby appropriated to the Hospital Fund and to the payment of the cost of Hospital operation, including interest on the Hospital bonds described in Section 129.15(d).
(Ord. 36-54. Passed 7-19-1954.)
(c) Direction of Fund. The Hospital Fund shall be under the direction and control of the Hospital Board of Trustees, which shall have power to appropriate and expend it as they shall deem for the best interests of the Hospital. In appropriating and expending such Fund, the Board of Trustees shall give precedence over other items of expenses to the salaries and wages of hospital employees.
(d) Supervision of Accounts. The Director of Finance shall have the possession and custody of the Hospital Fund and the supervision of all accounts with respect thereto. Nothing in this section shall be construed as withdrawing such Fund or any part thereof from the protection of any bond given or that may be given by the Director. No further bond shall be required because of such Fund. No additional salary shall be paid the Director by reason of services to or in connection with such Fund.
(e) Annual Estimates of Income and Expense. On or as soon after July 15 as is possible in each year, or upon request by Council, the Hospital Board of Trustees shall transmit to Council for inclusion in the budget the amount of income expected from hospital operations during the next year, the amount expected to be required to operate the hospital, the amount of the appropriation from the General Fund expected to be required and such other information as may be requested by Council or provided by statute or ordinance.
(f) Annual Request for Appropriation. On or as soon after November 15 of each year as may be possible, the Hospital Board of Trustees shall prepare and submit to Council its request for an appropriation from the General Fund, together with such information pertaining thereto as may be required by the Charter, by statute or ordinance, or requested by Council.
(Ord. 3948. Passed 1-6-1941.)
(a) Establishment. There is hereby established a special, separate and permanent fund which shall be known and referred to as the Hospital Capital Outlay and Depreciation Fund. The Board of Trustees of the Lakewood Hospital and the Director of Finance are authorized and directed forthwith to take such action, and the Director of Finance is directed to make such records, as may be necessary to establish the Hospital Capital Outlay and Depreciation Fund, and thereafter to show its existence and condition at all times upon the proper records of the City. (Ord. 4188. Passed 7-19-1943.)
(b) Revenues to Fund. As of the close of business the last day of each calendar month, the Director of Finance shall determine the total of:
(1) Cost of hospital operation for both such month and the next preceding calendar month, and
(2) The accrued hospital obligations, including therein only such items as authorized by the Board either specifically or by general rule, which total is hereby considered to be the necessary, and is hereinafter designated and referred to as "working balance".
The Director of Finance shall also determine and notify the Board of Trustees of the amount in the Hospital Fund as of the last day of each calendar month and if, on any such date, the amount in the Hospital Fund exceeds the working balance, then, subject to the provisions of subsection (c) hereof, all income from hospital operation during the next succeeding calendar month as shall not exceed the sum by which the amount in the Hospital Fund exceeded the working balance on such last day as so determined, shall be paid directly into the Hospital Capital Outlay and Depreciation Fund; otherwise, but subject to the provisions of subsection (c) hereof, all income shall be paid directly into the Hospital Fund. There shall also be paid into the Hospital Capital Outlay and Depreciation Fund all gifts, bequests, devises, trusts or the income therefrom, as the case may be, in accordance with and subject to the provisions or conditions of any such gift, bequest, devise or trust; all moneys from the General Fund appropriated by Council for purposes of capital outlay and maintenance of the Hospital unless payment is otherwise directed by Council; any money that may be transferred in any manner by Council or by order of court to the Hospital Capital Outlay and Depreciation Fund from any other fund; all money received from any source on account of depreciation or for capital outlay; and upon order of the Board of Trustees, all other unencumbered and unrestricted moneys from whatever source. All moneys paid directly into the Hospital Capital Outlay and Depreciation Fund as hereinbefore ordered are hereby appropriated to the Hospital Capital Outlay and Depreciation Fund and for the purposes provided in this section.
(c) When Revenues to Bond Retirement Fund. In the event the Hospital Capital Outlay and Depreciation Fund shall amount to not less than three hundred thousand dollars ($300,000) as of the last day of any calendar month, and in the further event any Hospital bonds issued prior thereto are unpaid on such dates, any income which would otherwise be payable into the Hospital Capital Outlay and Depreciation Fund and not restricted against use for bond retirement shall, in lieu thereof, be paid into the Bond Retirement Fund to be applied to the payment of interest and the retirement of such bonds issued for Hospital purposes until such time as the bonds have been fully paid.
(d) Direction of Fund. The Hospital Capital Outlay and Depreciation Fund shall be under the direction and control of the Board of Trustees of the Lakewood Hospital which, subject to provisions of law applicable thereto, shall have power to expend it as it shall deem best for the purpose of making necessary improvements and repairs to grounds, buildings or equipment, the purchase of replacement or additional equipment and fixtures, the purchase of additional real estate with or without buildings for Hospital purposes and for the payment of the principal necessary to retire the Hospital bonds dated February 1, 1949, issued in the original principal amount of four hundred thousand dollars ($400,000) and known as Hospital Building and Improvement Bonds. (Ord. 36-54. Passed 7-19-54.)
(e) Supervision of Accounts. The Director of Finance shall have the possession and custody of the Hospital Capital Outlay and Depreciation Fund and the supervision of all accounts with respect thereto. Nothing in this section shall be construed as withdrawing the Fund or any part thereof from the protection of any bond given or that may be given by the Director. No further bond shall be required because of such Fund. No additional salary shall be paid the Director by reason of services to or in connection with the Fund.
(f) Annual Estimates of Income and Expense. On or as soon after July 15 as is possible in each year, or upon request by Council, the Board of Trustees shall transmit to Council for inclusion in the budget the amount of income expected from Hospital operations during the next year, the amount expected to be required for the purpose of making necessary repairs to grounds, buildings or equipment, the purchase of replacement or additional equipment and fixtures, and the purchase of additional real estate with or without buildings, for hospital purposes, the amount of the appropriation from the General Fund expected to be required and such other information as may be requested by Council or provided by statute or ordinance.
(g) Annual Request for Appropriation. On or as soon after November 15 of each year as may be possible, the Board of Trustees shall prepare and submit to Council its request for an appropriation from the General Fund, together with such information pertaining thereto as may be required by the Charter, by statute or ordinance, or requested by Council.
(Ord. 4188. Passed 7-19-43.)
(a) Establishment. There is hereby established a special, separate and permanent fund which shall be known and referred to as the Parking Fund. The Director of Finance is hereby authorized and directed forthwith to take such action to establish the Parking Fund and thereafter to show its existence and condition at all times upon the proper records of the City.
(b) Use of Revenues. There shall be paid directly into the Parking Fund, when and as received, all income from parking meters, EV stations, and mobility devices. The Parking Fund shall be used only to defray the expense of regulation of traffic upon the public streets of the City; to pay the cost of supervision, regulation and control of the parking of vehicles in parking meter zones; to pay the cost of leasing, purchasing, supervision, protection, inspection, installation, operation, maintenance, control and use of parking meters and EV stations; and to pay the cost, when authorized by resolution or ordinance of Council, of acquiring and developing public space related to the enhancement of EV stations, parking meters, electric scooters, and alternative forms of transportation.
(Ord. 49-2022. Passed 2-6-23.)
(a) The Director of Finance is hereby authorized and directed to establish a special trust fund to be known as the "Federal Revenue Sharing Fund” under the provisions of Ohio R.C. 5705.12.
(b) All moneys paid to the City under the State and Local Financial Assistance Act of 1972 shall be credited to such Fund and expended in accordance with the terms and provisions of such federal Act. (Ord. 68-72. Passed 11-20-72.)
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