The active deposits of public monies of the city are hereby awarded in accordance with R.C. § 135.04(G) as follows:
(A) First $25,000 to Peoples Bank of Nelsonville, Ohio on the basis of operating needs of the city; and
(B) The balance of active money may be deposited in any of the following banks: Peoples Bank of Nelsonville, Ohio; Nelsonville Home and Saving Bank; and Park National, based upon criteria established by the City Treasurer, but shall not exceed the amount specified in each bank’s application.
(C) (1) In conjunction with R.C. § 169, monies due from the city and check that have expired shall be placed in the Fund #110, the Unclaimed Monies Fund, and shall remain there according to law and R.C. § 169. If nobody has claimed said funds after the holding period, then shall be transferred to Fund #100, the General Fund in accordance with Exhibit A attached to the ordinance codified herein.
(2) The City Auditor shall have the authority to follow the guidelines an policy described in division (C)(1) above and attached to the original ordinance codified herein as Exhibit A, unless such guidelines, in whole or in part, are not specifically authorized under R.C. § 169.
(D) The City Manager and City Auditor shall have the authority to enter into negotiations on outstanding bills.
(Res. 2240, passed 2-22-2021; Ord. 92-21, passed 11-22-2021; Ord. 04-22, passed 2-14-2022)