CHAPTER 133
Finance Director
Finance Director
133.01 Investment of funds.
133.02 Petty Cash Fund.
133.03 Authorized signatures.
133.04 Fire damaged structures; removal or repair securing fund.
133.05 Investment interest credited.
CROSS REFERENCES
Term, qualifications, removal, vacancy, duties - see CHTR. Art. V §5
Advertising for contracts - see ADM. 123.02
Bond; bond of Assistant - see ADM. 153.01
133.01 INVESTMENT OF FUNDS.
Whenever there are moneys in the Treasury which will not be required to be used for a period of six months or more, such moneys may, in lieu of being deposited in a bank or banks, be invested in accordance with the provisions of Ohio R.C. 731.56 through 731.59. The investments so purchased may be sold in accordance with Ohio R.C. 731.57.
(Ord. 70-38. Passed 9-21-70.)
133.02 PETTY CASH FUND.
(a) Petty Cash or Impressed Cash is a sum of money set aside for the purpose of making change or paying small obligations for which the issuance of a formal voucher, purchase order and check would be too expensive and time consuming.
(b) The following are the authorized Petty Cash Accounts for the Municipality:
(1) |
Finance Department |
$ 300.00 |
(2) |
Service Department (per Section 137.02) |
100.00 |
(3) |
Police Department |
200.00 |
(4) |
Police Department "Flash Account" |
500.00 |
(5) |
Investigative "Flash Account" |
200.00 |
(6) |
Administration Office |
100.00 |
(7) |
Recreation Department |
100.00 |
(8) |
Activities Committee |
300.00 |
(9) |
Summer Camp |
500.00 |
(10) |
Commission on Aging - Numan Services Dept. |
300.00 |
(11) |
Fire Department |
100.00 |
(12) |
Building Department (Per Section 138.02) |
100.00 |
Total Petty Cash |
$2800.00 | |
(c) The following are the custodians for the respective specific Petty Cash Accounts listed in subsection (b) hereof:
(1) Finance Department: Executive Assistant.
(2) Service Department: Executive Assistant.
(3) Police Department: Executive Assistant.
(4) Police Flash Account: Chief of Police.
(5) Investigative Flash Account: Detective assigned by the Chief of Police.
(6) Administration Office: Clerk of Council - Administrative Assistant.
(7) Recreation Department: Assistant Recreation Director.
(8) Activities Committee: Finance Department Executive Assistant.
(9) Summer Camp: Finance Department Executive Assistant.
(10) Human Services Department: Human Services Director.
(11) Fire Department: Executive Assistant.
(12) Building Department: Executive Assistant.
The Custodian shall assure that the petty cash is kept in a safe place.
(d) The above authorized amount under subsection (b) hereof shall be accounted for in the General Fund and is a Balance Sheet account for the General Fund.
(e) The Director of Finance is to maintain a record of the custodians for the various Petty Cash Accounts and is authorized to perform periodic audit reviews concerning the amount and reconciled items held by the custodians.
(f) The above authorized amount of two thousand eight hundred dollars ($2,800) shall be accounted for in the General Fund and is a Balance Sheet account for the General Fund.
(Ord. 91-29. Passed 7-15-91; Ord. 93-37. Passed 7-19-93; Ord. 95-11. Passed 3-20-95; Ord. 98-18. Passed 4-20-98; Ord. 2004-21. Passed 5-17-04; Ord. 2006-15. Passed 5-22-06; Ord. 2009-52. Passed 11-16-06.)
133.03 AUTHORIZED SIGNATURES.
(a) All checks and withdrawal slips on bank accounts of the Municipality shall be signed by either the Finance Director or the Assistant Finance Director, and either the Mayor or the President of Council, or, if both the Mayor and President of Council are unavailable, then either the Administrative Assistant or the Secretary to the Mayor, provided that the Mayor has designated, in writing, one of the aforementioned to sign on his behalf.
(Ord. 84-21. Passed 5-21-84.)
(b) No signature required by subsection (a) hereof shall be affixed to a check or withdrawal slip unless specifically authorized in writing by signature or initials of the Director of Law or an Assistant Director of Law. No person, firm or corporation dealing with the Municipality shall be required to inquire into the validity of such signatures, the liability created herein being personal to any person affixing a signature in violation of this subsection.
(Res. 80-16. Passed 3-25-80.)
133.04 FIRE DAMAGED STRUCTURE; REMOVAL OR REPAIR SECURING FUND.
The Municipality hereby authorizes the procedure described in Ohio R.C. 3929.86 (c) and (d) to be implemented whereby no insurance company doing business in the State shall pay a claim of a named insured for fire damage to a structure located within this Municipality unless there has been full compliance with the applicable provisions of Ohio R.C. 3929.86. The Director of Finance is hereby designated as the officer authorized to carry out the duties of Ohio R.C. 3929.86. The Clerk of Council shall file a certified copy of this section with the State Superintendent of Insurance.
(Ord. 87-12. Passed 11-23-87.)
Loading...