234.06  NUMBER AND CLASSIFICATION OF FUNDS.
   (a)   For purposes of this section, a fund shall be defined as a fiscal and accounting entity with a self-balancing set of accounts recording cash and other financial resources, together with all related liabilities and residual equities or balances and changes therein, which are segregated for the purpose of carrying on specific activities or attaining certain objectives in accordance with special regulations, restrictions and limitations.
   (b)   All of the funds listed in this section have been prescribed by the Office of the Auditor of State through written approval or through various audits of the City; authorized by the Ohio Revised Code; authorized by local legislative action; or sanctioned by the local Charter.
   (c)   For purposes of this section, individual funds shall be established within a fund class by fund type. Fund classes and fund types shall be based on the following categories and subcategories:
      (1)   Governmental fund types.
         A.   General Fund class: General Fund.
         B.   Special revenue fund class:
            1.   Street Construction, Maintenance and Repair (SCMR) Fund
            2.   State Highway Fund
            3.   Special Permissive License Plate Tax Fund
            4.   Street Lighting Fund
            5.   Issue II Fund
            6.   Municipal Income Tax Fund
            7.   Fire Fund
            8.   Emergency Medical Service Fund
            9.   Drug Abuse Resistance Education (DARE) Program Fund
            10.   Drug Law Enforcement Fund
            11.   Law Enforcement Fund
            12.   D.W.I. Enforcement and Education Fund
            13.   Beautification Fund
            14.   Environmental and Natural Resources Fund
            15.   Community Development Block Grant (CDBG) Fund
            16.   Community Center Fund
            17.   Greenwich Road (3380) Property Fund
            18.   Cemetery Fund
            19.   Special Events Fund
            20.   Federal Emergency Management Assistance (FEMA) Fund
            21.   Recycling Fund
            22.   Scrap Tire Fund
            23.   Police and Firemen's Disability and Pension Fund
         C.   Capital projects fund class:
            1.   Land and Land Improvement Fund
            2.   Buildings Fund
            3.   Equipment Fund
            4.   Streets, Highways and Bridges Fund
            5.   Storm Sewers Fund
            6.   Water Lines Fund
            7.   Sanitary Sewers Fund
            8.   Sidewalks Fund
            9.   Drilling Fund
            10.   Road Management Fund
            11.   Other funds
         D.   Debt service fund class:
            1.   General Debt Service Fund
            2.   Special Assessment Debt Service Fund
      (2)   Fiduciary fund types:
         A.   Trust and agency fund class.  Trust funds:
            1.   Expendable.  None.
            2.   Non-expendable.  None.
         B.   Agency funds.
            1.   General Agency Fund
            2.   Sick Leave Fund
            3.   Building Standards Fund
            4.   Wolfcreek Feasibility Study Fund
   (d)   Petty cash funds and change funds, with requirements pertaining thereto, were established by ordinance of Council.  Subsequently, internal controls governing these funds were developed by the Department of Finance.  Said controls are on file in the Department of Finance.
      (1)   Petty cash funds.  The purpose of these funds is to pay for small obligations (usually under ten dollars ($10.00)), for which the issuance of a formal voucher, purchase order and check would be expensive and time-consuming.
      (2)   Change funds.  The purpose of these funds is to make change to expedite business transactions of a department or a division within a department.
   (e)   The Director of Finance is hereby authorized and directed to make application to the Office of the Auditor of State for approval of the establishment of the funds outlined herein and in Section 234.05, and such accounting structure and funds shall be implemented by the Director of Finance upon such approval. The Director of Finance shall pay monies into such funds only in accordance with applicable statutes, rules and regulations of the State and its authorized fiscal agencies, and applicable ordinances and resolutions of the City of Norton, Ohio. The Director of Finance is authorized and directed to make application to the Office of the Auditor of State for approval to establish changes in and additions to the funds of the City of Norton as future needs require, which changes and additions shall be authorized by ordinance or resolution of Council as may be required by law.
(Ord. 55-1994.  Passed 4-25-94; Ord. 82-2005. Passed 11-14-05.)